Medical Device Packaging- Growth, Trends And Forecasts (2017 - 2022)

Published On:July 18, 2017, 10:27 am

Medical Device PackagingMedical devices refer to appliance,instrument, apparatus, software, equipment, or other itemused alone or in combination in the medical industry. The medical devices are intended for various applications such as, Diagnosis, prevention, monitoring, treatment etc. Manufacturing and packaging of medical devices involves a level of process control as per to the categorization of the device. Superior risk; more controls. Nowadays, with the assistance of CAD/CAMandmodelingsoftware, the work is much faster and organized. Packaging ensures that device’s sterility will be maintained if stresses or load are imposed on it. The factor like sterilization, handling,storing and shipping conditions are vital for medical devices, as any variation might damage quality of product. Hence the packaging plays key role. There are two types of packaging; Sterile Packaging and Non-sterile Packaging. Various different products are used for packaging of medical devices such as pouches, trays, blister packs, clamshell packs and vials.

The Global Medical Device Packaging Market was worth USD 21.64 billion in 2016. It is expected to have lucrative growth throughout the forecast period of 2017 to 2022. The compound annual growth rate is anticipated to be higher during the forecast period.Growing medical industry is anticipated to boost the healthcare device demand which will consecutively propel the medical device packaging market.New inventions are looming in the packaging field so that these devices to be thermal resistant and safe to handle. The market industry is extremely vulnerable to administration policies, which vary with state. As most of the region’s requirements are fulfilled by domestic manufacturing while standard are exported.The technological innovations in healthcare sector have brought this industry to a phase where it is now rendered with high-tech instrumentation, technology, and giant investment. These developments in the medical industry are predicted to enlarge the manufacturing of medical devices and supplies, which will further drive growth of the market industry. However, pressure on the pharma groups to reduce healthcare cost as well as cost sensitivity owinggrowingcompetition in the medical devices market might hinder growth of the market industry.

The key market players of the global medical device packaging market areMitsubishi Chemical, Bemis Company, DuPont, Berry Global, Inc., KlöcknerPentaplast Group, Rollprint Packaging Products, Inc., Constantia Flexibles, Beacon Converters, Plastic Ingenuity, Texchem-pack, Technipaq, Inc., Barger (Placon), TAKO, 3M and Amcor. According to product types the global market is split into; Trays, Pouches, Clamshell and Others. On the application basis the market is classified as; Sterile Packaging and Non-sterile Packaging`. Geographical segmentation of the global vitaminB12 gummy market is given into regions which are; Europe, North America, Middle-East, Southeast Asia andAsia-Pacific.

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