Medical Device Packaging Market: North America to Remain Most Lucrative

The adoption of medical device packaging solutions has witnessed a substantial rise, due to the rise in demand for flexible packaging and microbial packaging worldwide. Additionally, increasing efforts by governments in various countries, especially in developing regions such as South and East Asia, to provide basic healthcare facilities to the middle-class group is estimated to create substantial demand for the medical device packaging solutions. Moreover, the rising demand for monitoring & diagnostic equipment to treat severe chronic diseases globally is contributing to the market growth of medical device packaging.

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The medical device packaging market is anticipated to register an impressive CAGR of 5.4% annually through 2027.

Key Takeaways of Medical Device Packaging Market Study

• By application, disposable consumables are anticipated to capture nearly half of the market share during the next eight years. The rapidly rising demand for medical device packaging solution to pack and seal variety of disposable consumables such as needles, syringes, and wraps contributes significantly to the market growth.
• Bags & pouches and clamshell blister packs are projected to dominate the global device packaging market and hold nearly 2/3rd portion of the market share at the end of 2027.
• By raw material segment, Polyethylene (PE) plastic enjoys a consistent demand for manufacturing medical device packaging solutions, owing its key benefits such as pricing efficiency, light weight, and recyclability.
• North America and Europe are expected to account for a significant portion of the medical device packaging market share. Rapid expansion of healthcare industry in these regions is driving the growth of medical device packaging market in these regions.

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Manufacturers of medical device packaging can achieve significant profits by targeting APEJ and Europe regions, attributable to the rising demand for flexible medical packaging solutions in diagnostic centers, hospitals, and research institutes in these regions,” says FMI analyst.

Green Packaging Gaining Traction in Medical Device Packaging Market

Prominent medical device packaging manufacturers are recognising the necessity of sustainable and cost effective packaging solutions. Prominent manufacturers across the globe have already shifted their focus towards sustainable packaging, especially towards flexible packaging, to reduce the carbon footprints released by various medical device packaging solutions. 

Along with that, the rising trend of “green design packaging”, especially in the healthcare and pharmaceuticals industry, is ultimately contributing to the growth of the medical device packaging market. Moreover, these leading medical device packaging manufacturers are enhancing its manufacturing capabilities by expanding production units.

For any queries linked with the report, ask an analyst

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For Instance, April 2019, Amcor plc., launched AmLite, an ultra-recyclable and high-barrier flexible packaging solution for the pharmaceuticals and healthcare industry. The company reports that this newly developed packaging solution can reduce a pack’s carbon footprint by up to 64%..

For instance, In November 2019, Nelipak Corporation, another manufacturer of medical device packing has expanded its manufacturing operations in Humacao, Puerto Rico. This enabled the company to strength its manufacturing capabilities and effectively cater to the end user demand.

Explore FMI’s Extensive Coverage on Packaging Domain

Stretch Blow Molding Machines Market– Stretch Blow Molding Machines Market Is Projected To Total US$ 846 Mn In 2022.

Passive Temperature-Controlled Packaging Solutions Market– The global passive temperature-controlled packaging solutions market is estimated to reach US$ 10.6 Bn in 2021.

Packaging Tubes Market– The packaging tubes market is estimated at US$ 3.2 Bn in 2022 and is projected to reach US$ 4.4 Bn by 2028, at a CAGR of 5.0% from 2022 to 2028.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

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United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com 

For Media Enquiries: press@futuremarketinsights.com 

Website: https://www.futuremarketinsights.com/ 

Report: https://www.futuremarketinsights.com/reports/medical-device-packaging-market 

Press Release Source: https://www.futuremarketinsights.com/press-release/medical-device-packaging-market 

The adoption of medical device packaging solutions has witnessed a substantial rise, due to the rise in demand for flexible packaging and microbial packaging worldwide. Additionally, increasing efforts by governments in various countries, especially in developing regions such as South and East Asia, to provide basic healthcare facilities to the middle-class group is estimated to create substantial demand for the medical device packaging solutions. Moreover, the rising demand for monitoring & diagnostic equipment to treat severe chronic diseases globally is contributing to the market growth of medical device packaging.

Get | Download Sample Copy with Graphs & List of Figures:

https://www.futuremarketinsights.com/reports/sample/rep-gb-5679 

The medical device packaging market is anticipated to register an impressive CAGR of 5.4% annually through 2027.

Key Takeaways of Medical Device Packaging Market Study

• By application, disposable consumables are anticipated to capture nearly half of the market share during the next eight years. The rapidly rising demand for medical device packaging solution to pack and seal variety of disposable consumables such as needles, syringes, and wraps contributes significantly to the market growth.
• Bags & pouches and clamshell blister packs are projected to dominate the global device packaging market and hold nearly 2/3rd portion of the market share at the end of 2027.
• By raw material segment, Polyethylene (PE) plastic enjoys a consistent demand for manufacturing medical device packaging solutions, owing its key benefits such as pricing efficiency, light weight, and recyclability.
• North America and Europe are expected to account for a significant portion of the medical device packaging market share. Rapid expansion of healthcare industry in these regions is driving the growth of medical device packaging market in these regions.

For More Information or Query or Customization Before Buying, Visit:

https://www.futuremarketinsights.com/customization-available/rep-gb-5679 

Manufacturers of medical device packaging can achieve significant profits by targeting APEJ and Europe regions, attributable to the rising demand for flexible medical packaging solutions in diagnostic centers, hospitals, and research institutes in these regions,” says FMI analyst.

Green Packaging Gaining Traction in Medical Device Packaging Market

Prominent medical device packaging manufacturers are recognising the necessity of sustainable and cost effective packaging solutions. Prominent manufacturers across the globe have already shifted their focus towards sustainable packaging, especially towards flexible packaging, to reduce the carbon footprints released by various medical device packaging solutions. 

Along with that, the rising trend of “green design packaging”, especially in the healthcare and pharmaceuticals industry, is ultimately contributing to the growth of the medical device packaging market. Moreover, these leading medical device packaging manufacturers are enhancing its manufacturing capabilities by expanding production units.

For any queries linked with the report, ask an analyst

https://www.futuremarketinsights.com/ask-question/rep-gb-5679 

For Instance, April 2019, Amcor plc., launched AmLite, an ultra-recyclable and high-barrier flexible packaging solution for the pharmaceuticals and healthcare industry. The company reports that this newly developed packaging solution can reduce a pack’s carbon footprint by up to 64%..

For instance, In November 2019, Nelipak Corporation, another manufacturer of medical device packing has expanded its manufacturing operations in Humacao, Puerto Rico. This enabled the company to strength its manufacturing capabilities and effectively cater to the end user demand.

Explore FMI’s Extensive Coverage on Packaging Domain

Stretch Blow Molding Machines Market– Stretch Blow Molding Machines Market Is Projected To Total US$ 846 Mn In 2022.

Passive Temperature-Controlled Packaging Solutions Market– The global passive temperature-controlled packaging solutions market is estimated to reach US$ 10.6 Bn in 2021.

Packaging Tubes Market– The packaging tubes market is estimated at US$ 3.2 Bn in 2022 and is projected to reach US$ 4.4 Bn by 2028, at a CAGR of 5.0% from 2022 to 2028.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com 

For Media Enquiries: press@futuremarketinsights.com 

Website: https://www.futuremarketinsights.com/ 

Report: https://www.futuremarketinsights.com/reports/medical-device-packaging-market 

Press Release Source: https://www.futuremarketinsights.com/press-release/medical-device-packaging-market