Medical
Device
Packaging
Market
is expected to expand at an above average growth over the forecast
period. Western Europe, the U.S. and Japan are the largest consumers
with more than half of the world consumption owing to advanced
technological capabilities essential for the medical devices
production.
Growing healthcare
industry is expected to drive the medical devices market which in
turn affects the medical device packaging demand. However, healthcare
cost reduction in the major markets as well as cost sensitiveness due
to rising completion in the medical devices market might hamper the
market growth. Growth in regions other than Western Europe, the U.S.
and Japan is expected to present future prospects for the medical
device packaging market.
Containers are the
dominant product types of medical device packaging and expected to
remain the largest segment over the forecast period. Other product
types include pouches, trays, blister packs, clamshell packs and
vials. Stringent government regulations and strict industry standards
are expected to further enhance the market demand. Improved strength,
barrier properties and puncture resistance have added to the
attractiveness of pouches for small to medium sized packages.
Multiple compartment trays and clamshell trays are other types which
are gaining popularity attributed to lower risk of infection
spreading and staff errors during the organization of products.
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Report Copy :
Europe is the
leading consumer followed closely by North America. Major demand in
Europe is generated from Western Europe where most of the major
consumers such as GE Healthcare, Phillips and Siemens Healthcare
among others are located. Asia Pacific has emerged as the fastest
growing market led by India and China owing to expansion and stricter
regulations for medical products industry in the region.
Some of the Players
in the medical device packaging market include Amcor Limited,
Chesapeake Limited, DuPont, Klöckner Pentaplast Group, MeadWestvaco
Corporation, Mitsubishi Chemical Holdings Corporation and 3M Company
among others.
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