As stated in our extensive report; the Global Medical Device Packaging Market accounted forUSD 23.1 Billionin 2021.
The COVID-19 outbreak has surged the demand for medical devices such as ventilators, respirators, and oximeters. As a result, the pandemic has positively impacted the Global Medical Device Packaging. The surging demand for medical devices has led to the Medical Device Packaging Market growth during a pandemic. However, the disrupted supply chain hindered the market growth.
The Medical Device Packaging is essential in keeping the medical device safe and protected during its shelf life. The need for protection of this medical device is expected to play a significant role in the market growth. In addition, this medical packaging helps to identify the product by labeling it. The introduction of novel medical devices and technological advancements in the medical devices industry is fuelling the demand for Medical Device Packaging. Launches of new medical devices demand novel packaging methods that are further expected to lead the Global Medical Device Packaging Market growth. In addition, the increasing demand for easy-to-use disposable packaging propels the Global Medical Device Packaging Market growth. The Global Medical Device Packaging Market is categorized based on its material and product type. In the product type, the pouches segment is evaluated to take the largest share of the Global Medical Device Packaging Market growth in the past few years.
Furthermore, the market growth is segmented into its application and region. Based on the Application, the Sterile Packaging segment is predicted to grow at an exponentially increasing compound annual growth rate in the forecasted period. Besides, the Global Medical Device Packaging Market is likely to attract many competing market players owing to the increasing demand for this .
The Global Medical Device Packaging Market based on the region is divided into and the rest of the world. However, the has been dominating the Medical Device Packaging Market over the past few years and is expected to grow more in the future. Furthermore, the Medical Device Packaging Market is estimated to grow in the forecasted period owing to advanced medical delivery systems, the application of medical devices, and the growing healthcare industry. Therefore, the is estimated to grow at an exponentially increasing compound annual growth rate in the region.
Some of the key & dominant players in the Global Medical Device Packaging Market include- 3M Company, Amcor Limited, Berry Global Inc., CCL Industries Inc., Constantia Flexibles, DuPont, Klöckner Pentaplast Group, Mitsubishi Chemical Holdings Corporation, WestRock Company, Sonoco Products Company and others.