Global Medical Device Packaging Market By Material (Plastic, Paper & Paperboard, Metal and Other Materials), By Product (Pouches & Bags, Trays, and Other Products), By Application (Equipment & Tools, Devices, IVD, and Implants) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Medical Device Packaging Market Overview:

The global medical device packaging market value was USD 29,850 million in 2021. It is projected to increase at a compound annual gain rate (CAGR), of 6.7% between 2022-2032.

Medical device packaging products are in demand due to the increasing demand for surgical implants and other medical equipment.

People living unhealthy lifestyles have led to a high incidence of chronic diseases like stroke, heart disease, and diabetes in recent years. This is especially true in advanced economies. These diseases require medical equipment for diagnosis and treatment. They have contributed to the rapid growth of the medical devices market in the past five years.

Global Medical Device Packaging Market Scope:

Material analysis

Plastic held the highest share, at 60.0%, in 2021. This position is expected to hold for the foreseeable future. Plastic was the most commonly used material on the market in 2021. Low-density plastic ethylene (LDPE), linear high-density polyester (LLDPE), Polypropylene, and Polyethylene Terephthalate (PET) are all types of plastic.

Plastic materials have a wide range of aesthetics, including the ability to appear opaquely or clear. This makes them more appealing to the market. Plastics are versatile, safe, hygienic, and long-lasting. Plastics are cost-friendly and lightweight, making them ideal for packaging medical devices.

Aluminum is the most popular metal used for packaging medical devices. It is resistant to oxygen, light, and moisture so it is commonly used in medical device packaging. This is why medical devices containing biologics and pharmaceuticals are seeing an increase in aluminum demand. These factors are expected to drive metal growth at 7.2% CAGR during the forecast period.

Product analysis

The largest segment, pouches/bags, accounted for over 35.0% of all 2021 sales. They pack small, large, and mid-sized medical devices. The small size of the pouches and high product-to-package ratio makes it easy for medical devices to be stored and handled. Bags and pouches, made of appropriate materials such as LLDPE and PET can protect devices from light, water, and gases.

There are several options available for trays: plastic medical trays (plastic shipping trays), and medical inspection trays (plastic inspection trays). Trays are stronger for packaging and shipping medical parts and machine parts. While most trays are made of various plastics, some applications call for trays made from vinyl. Vinyl is more rigid than other types.

Special requirements must be met when packaging medical devices or related components. The safe packaging and transportation of medical devices can be safely handled in cardboard boxes. These boxes can be used in packaging small- or large-sized devices.

Application analysis

Equipment and tools had the largest share at over 30.0% in 2021. They require flexible packaging and high sterilization. Flexible packaging materials include plastic pouches and bags, plastic trays, bags, and clamshells for the majority of the tools.

Additionally, the equipment section offers packaging solutions for medical devices like CT scanners. X-ray machines. MRI machines. Ultrasound scanners. These large-sized devices need to be packaged in a structured way as they can be bought by hospitals and other healthcare facilities.

The segment of in-vitro diagnosis (IVD), is expected to grow at a 7.3% CAGR over the forecast period. This is due in part to the increasing use of IVDs to diagnose COVID patients. Due to the growing threat of coronavirus in developing regions, there is a high demand for these test kits. Over the next few years, this will likely lead to an increase in the packaging of these products.

Implantable devices represent a new area in medical science. The key component to these life-saving tools is secure packaging. The aesthetic implants market suffered greatly from the pandemic. These factors led to a decline in demand for implant packaging in 2021. The healthcare sector is on track to increase the market’s growth, but the market is still expected to grow.

Кеу Маrkеt Ѕеgmеntѕ

By Material

• Plastic
• Paper & Paperboard
• Metal
• Other Materials

By Product

• Pouches & Bags
• Trays
• Boxes
• Clamshells
• Other Products

By Application

• Equipment & Tools
• Devices
• IVD
• Implants

Market Dynamics:

The product manufacturers offer a variety of technologies such as seal/peal and counterfeit technology. These technologies are meant to make it easier and safer for customers. Products can be protected against counterfeiting by using solutions such as 2-D barcodes and serializations, UV identification codes, and holograms.

The strong healthcare sector and the presence of many companies that deal with medical devices have made the U.S. the largest market. It has a strong competitive advantage in terms of software, instrumentation, and technology development.

The USA has the highest per capita healthcare expenditures in the world with USD 10,966 in 2019. In 2021, the national health expenditure was 18%. The country’s demographics are changing with an increasingly aging population. A rising number of older people means that healthcare services are more urgently needed to treat chronic illnesses such as arthritis, diabetes, and hypertension.

Regional Analysis

Europe held 32.5% of the world’s total market share in 2021. After Germany, the U.K. emerged as a key market for 20

21. There are several established manufacturing companies, both in the domestic market and overseas. This country is well-known for its device manufacturing industry. The U.K., which is the world’s largest exporter and innovator of medical technology, is well-known. The projected increase in medical packaging demand is due to these factors.

North America took the second-largest portion of 2021’s total due to the strong healthcare sector and the presence of many entities dedicated to it. The U.S. enjoys a competitive advantage when it comes to instrumentation, technology, and software development. These factors also result in high production volumes. Around 40% of all global medical devices are produced in the U.S.

The Asia Pacific is expected to see the fastest growth rate over the forecast period. China is Asia Pacific’s fastest-growing region and one of the largest global markets for medical products. Many investments are now being made in the healthcare industry because of China’s economic development. China’s healthcare industry will continue to grow over the next several years.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Major corporations are often involved in acquisitions of other companies to expand product lines and increase manufacturing capacity. Because of the inability to compete with smaller, privately-held players in the international market in terms both of revenue generation, regional/global presence, as well the establishment and maintenance of distribution channels, there is likely to be an increase in mergers & Acquisitions. There are several prominent players in this global market for medical device packaging.

Маrkеt Kеу Рlауеrѕ:

• Amcor plc
• Sonoco Products Company
• Mondi
• CCL Industries
• Constantia Flexibles
• WestRock Company
• Berry Global Inc.
• Glenroy Inc.
• SteriPack Group
• Riverside Medical Packaging Company Ltd.
• Other Key Players

For the Medical Device Packaging Market research study, the following years have been considered to estimate the market size: