Global sales revenue of the medical device packaging market is projected to be US$ 38.57 billion in 2023. The market is slated to increase at a CAGR of 5.4% to reach a valuation of US$ 65.26 billion by 2033.
The global medical device packaging business has witnessed impressive growth over the past few years due to increasing demand from the medical devices sector. This is coupled with growing expenditure on healthcare by key economies. The rising demand for easy-to-use and easy-to-dispose packaging solutions is also contributing to the growth of the global medical device packaging market.
There is a high demand for packaging solutions that maintain the product and the package integrity throughout the cycle. This need for protection is anticipated to play a key role in driving the growth of global medical device packaging.
Due to all these factors, the market is likely to expect a growth rate of 1.05x between 2022 and 2023.
| Attributes | Details |
|---|---|
| Expected Market CAGR (2023 to 2033) | 5.4% |
| Expected Market Size (2023) | US$ 38.57 billion |
| Expected Market Size (2033) | US$ 65.26 billion |
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Demand for medical device packaging is gaining traction, particularly in the advanced economies of Asia, North America, and Europe. A trend fueling the sales of medical device packaging is the introduction of anti-counterfeit packaging. Also, the market is witnessing a shifting trend of packaging materials from glass to plastics.
| Attributes | Details |
|---|---|
| Market CAGR (2018 to 2022) | 4.7% |
| Market CAGR (2023 to 2033) | 5.4% |
| Market Size (2018) | US$ 30.44 billion |
| Market Size (2022) | US$ 36.59 billion |
| Market Size (2026) | US$ 45.16 billion |
Consumption of global medical device packaging is expected to be pegged at 206 billion units by 2027.
Even though the growth rate is quite moderate, over the long term, it is anticipated that the revenue threshold is likely to rise. In recent years, especially in developed nations, unhealthy lifestyles have contributed to the increasing prevalence of chronic diseases. This includes:
Over the past four years, the adoption of medical devices has grown as a result of the aforementioned disorders. This requires various pieces of medical equipment for diagnosis and treatment.
A sterile environment is created for the contents of medical device packaging, and this sterility must be preserved until the box is opened for use. A medical equipment or surgical instrument must come into contact with a patient's sterile tissue or mucous membranes during all interference operations.
The introduction of harmful germs that could result in infection is a serious concern associated with all such techniques. To avoid a breach of the host defenses, reusable medical equipment must be cleansed or sterilized before use. As a result, a crucial component of the use of medical equipment is the degree of disinfection or sterilization of the object's intended use.
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In 2022, clamshell blister packs held the top market share of 33.8%. Nonetheless, among the various packaging options, bags and pouches represent a significant portion of the worldwide medical device packaging industry. Medical devices can be stored and handled easily thanks to their small size and high product-to-package ratio.
When made using the right materials, such as PET and LLDPE, pouches and bags can shield electronic equipment from gasses, moisture, and light. Medical device packaging and related components must adhere to strict regulations and specifications.
Boxes are expected to have a substantial market throughout the projected period. Since they are frequently used for the secure transportation and packaging of medical devices.
By end users, medical manufacturing dominated the market with a share of 42.% in 2022. However, contract packaging is expected to emerge as a lucrative segment of growth in terms of CAGR.
For instance, MedAccred said in May 2020 that it aims to keep supporting the medical device sector. In the past year, the company has recognized a huge amount of new suppliers and established new audit methods for sterile device packaging and plastics mechanical assembly.
The Medical Manufacturers MedAccred Accreditation Pathway entered its second year. A partnership between the program and the United States Department of Commerce for manufacturers and suppliers seeking accreditation.
Due to its thriving healthcare industry and plenty of organizations serving the sector, North America held the leading share of 31.5% in 2022. The United States enjoys a competitive advantage that leads to high production levels of medical devices.
This relates to the creation of software, the use of instruments, technology, and sizable financial commitments to the field of research and development. Around 29.5% of the North America medical devices packaging market is held by the United States alone.
The interim order regarding the import and sale of medical devices for use regarding COVID-19 in Canada was approved by the Federal Minister of Health in March 2020. By the temporary measure, Health Canada permits the sale of selected products in Canada. Provided that the packaging satisfies all applicable regulations.
| Country | Market Share/CAGR |
|---|---|
| Germany (2022) | 8.1% |
| United Kingdom CAGR (2023 to 2033) | 5.7% |
| Country | CAGR (2023 to 2033) |
|---|---|
| India | 7.5% |
| China | 6.6% |
Asia Pacific is anticipated to experience adequate growth by 2033. China is one of the key markets for medical equipment in the world and a country with significant economic growth in Asia Pacific. The healthcare sector is receiving a lot of investment as a result of China's economic growth. In the upcoming years, it is anticipated that China's healthcare sector is likely to flourish further.
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Leading corporations frequently buy rival businesses to diversify their product offerings and boost production capacity. Throughout the forecast period, there are few new concepts and innovations introduced due to the existence of publicly recognized multinational companies in the market area.
In the struggle against the players on the global market, smaller and privately held companies are far behind in terms of revenue generation. Medical device packaging start-ups must be prepared and adapt to previous and present trends. To make their future business plans if they want to develop a significant market presence.
Key players in the medical device packaging market are continuously susceptible to developments. This is used as a foundation for participating in inorganic or organic forms of expansion.
The medical device packaging market is estimated to be worth US$ 38.57 billion in 2023.
The medical device packaging market is expected to have a CAGR of 5.4% during the forecast period.
The medical device packaging market expanded to a share of US$ 36.59 billion in 2022.
North America's medical device packaging market is likely to account for a share of 31.5% in 2023.
By 2033, it is anticipated that the medical device packaging sector in the United Kingdom experience a CAGR of 5.7%.
1. Executive Summary | Medical Device Packaging Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Type, 2023 to 2033
5.3.1. Bags & Pouches
5.3.2. Containers
5.3.3. Trays
5.3.4. Stick Packs
5.3.5. Clamshell Blister Packs
5.3.6. Boxes
5.3.7. Others
5.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Packaging Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Raw Material
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Raw Material, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Raw Material, 2023 to 2033
6.3.1. PE
6.3.1.1. HDPE
6.3.1.2. LDPE
6.3.1.3. LLDPE
6.3.2. PET
6.3.3. PP
6.3.4. PS
6.3.5. PVC
6.3.6. Aluminium
6.3.7. Glass
6.3.8. Paper Laminates
6.3.9. Fabric
6.3.10. Others
6.4. Y-o-Y Growth Trend Analysis By Raw Material, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Raw Material, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
7.3.1. Disposable Consumables
7.3.2. Monitoring & Diagnostic Equipment
7.3.3. Therapeutic Equipment
7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-user
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-user, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-user, 2023 to 2033
8.3.1. Medical Manufacturing
8.3.2. Contract Packaging
8.3.3. Others
8.4. Y-o-Y Growth Trend Analysis By End-user, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End-user, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. The USA
10.2.1.2. Canada
10.2.2. By Packaging Type
10.2.3. By Raw Material
10.2.4. By Application
10.2.5. By End-user
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Packaging Type
10.3.3. By Raw Material
10.3.4. By Application
10.3.5. By End-user
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Packaging Type
11.2.3. By Raw Material
11.2.4. By Application
11.2.5. By End-user
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Packaging Type
11.3.3. By Raw Material
11.3.4. By Application
11.3.5. By End-user
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Packaging Type
12.2.3. By Raw Material
12.2.4. By Application
12.2.5. By End-user
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Packaging Type
12.3.3. By Raw Material
12.3.4. By Application
12.3.5. By End-user
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Singapore
13.2.1.5. Thailand
13.2.1.6. Indonesia
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of Asia Pacific
13.2.2. By Packaging Type
13.2.3. By Raw Material
13.2.4. By Application
13.2.5. By End-user
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Packaging Type
13.3.3. By Raw Material
13.3.4. By Application
13.3.5. By End-user
13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Packaging Type
14.2.3. By Raw Material
14.2.4. By Application
14.2.5. By End-user
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Packaging Type
14.3.3. By Raw Material
14.3.4. By Application
14.3.5. By End-user
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Packaging Type
15.1.2.2. By Raw Material
15.1.2.3. By Application
15.1.2.4. By End-user
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Packaging Type
15.2.2.2. By Raw Material
15.2.2.3. By Application
15.2.2.4. By End-user
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Packaging Type
15.3.2.2. By Raw Material
15.3.2.3. By Application
15.3.2.4. By End-user
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Packaging Type
15.4.2.2. By Raw Material
15.4.2.3. By Application
15.4.2.4. By End-user
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Packaging Type
15.5.2.2. By Raw Material
15.5.2.3. By Application
15.5.2.4. By End-user
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Packaging Type
15.6.2.2. By Raw Material
15.6.2.3. By Application
15.6.2.4. By End-user
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Packaging Type
15.7.2.2. By Raw Material
15.7.2.3. By Application
15.7.2.4. By End-user
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Packaging Type
15.8.2.2. By Raw Material
15.8.2.3. By Application
15.8.2.4. By End-user
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Packaging Type
15.9.2.2. By Raw Material
15.9.2.3. By Application
15.9.2.4. By End-user
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Packaging Type
15.10.2.2. By Raw Material
15.10.2.3. By Application
15.10.2.4. By End-user
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Packaging Type
15.11.2.2. By Raw Material
15.11.2.3. By Application
15.11.2.4. By End-user
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Packaging Type
15.12.2.2. By Raw Material
15.12.2.3. By Application
15.12.2.4. By End-user
15.13. Singapore
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Packaging Type
15.13.2.2. By Raw Material
15.13.2.3. By Application
15.13.2.4. By End-user
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Packaging Type
15.14.2.2. By Raw Material
15.14.2.3. By Application
15.14.2.4. By End-user
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Packaging Type
15.15.2.2. By Raw Material
15.15.2.3. By Application
15.15.2.4. By End-user
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Packaging Type
15.16.2.2. By Raw Material
15.16.2.3. By Application
15.16.2.4. By End-user
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Packaging Type
15.17.2.2. By Raw Material
15.17.2.3. By Application
15.17.2.4. By End-user
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Packaging Type
15.18.2.2. By Raw Material
15.18.2.3. By Application
15.18.2.4. By End-user
15.19. South Africa
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Packaging Type
15.19.2.2. By Raw Material
15.19.2.3. By Application
15.19.2.4. By End-user
15.20. Israel
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Packaging Type
15.20.2.2. By Raw Material
15.20.2.3. By Application
15.20.2.4. By End-user
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Packaging Type
16.3.3. By Raw Material
16.3.4. By Application
16.3.5. By End-user
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Avery Dennison Corporation
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. 3M Company
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. DuPont de Nemours
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. CCL Industries Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Amcor Limited
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Constantia Flexibles Group GmbH
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Bemis Company, Inc
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Sonoco Company
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. WestRock Company
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Medical Device Packaging Market
