Medical Device Packaging Market Predicted to Reach USD 47.11 Billion, Globally, by 2030 at 7.5% CAGR: Allied Market Research

Rapid advancements in the technology involved in medical devices, coupled with introduction of innovative medical devices require specialized and smart packing solutions, which boosts the medical device packaging market growth.

According to the report published by Allied Market Research, the global Medical Device Packaging Market generated $22.09 billion in 2020, and is projected to reach $47.11 billion by 2030, registering a CAGR of 7.5% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

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Impact of COVID-19 on Medical Device Packaging Market:

Negative Impacts:

• Supply Chain Disruptions: Global lockdowns and travel restrictions disrupted the supply chain for raw materials and components used in medical device packaging. This caused shortages and price increases, leading to production delays and higher costs for medical device manufacturers.
• Increased Demand for Certain Packaging Materials: Increased demand for personal protective equipment (PPE) and other medical supplies during the pandemic diverted resources and production capacity away from some medical device packaging materials. This resulted in shortages of specific packaging components for certain devices.
• Shifting Regulatory Landscape: Regulatory agencies, in response to the pandemic, temporarily relaxed some packaging regulations to facilitate faster availability of essential medical devices. This created uncertainty for manufacturers regarding long-term regulatory requirements and potential compliance challenges.

Positive Impacts:

• Increased Awareness of Packaging Importance: The pandemic highlighted the critical role of robust and reliable medical device packaging in ensuring product sterility, safety, and efficacy. This awareness shift could drive investments in innovative packaging solutions and stricter hygiene protocols.
• Advancements in Secure Packaging Technologies: The pandemic spurred the development of innovative packaging technologies, such as tamper-proof seals and anti-counterfeiting measures, to further ensure the integrity and safety of medical devices throughout the supply chain.
• Focus on Sustainability and Eco-friendly Packaging: As environmental concerns gained traction during the pandemic, there was a growing emphasis on developing sustainable and eco-friendly packaging solutions for medical devices. This trend is expected to continue in the future.

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Key Market Segments:

By Material Type

• Plastic
• Paper & Paperboard
• Foils
• Glass
• Others

By Product Type

• Pouches
• Clamshell Packs
• Boxes
• Bags
• Blisters
• Others

By Application

• Sterile Packaging
• Non-Sterile Packaging

By Region

• North America  (U.S., Canada, Mexico)
• Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
• Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
• LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)

Leading Market Players: – 

• Amcor Limited
• Constantia Flexibles
• Berry Global Inc.
• 3M Company
• CCL industries INC.
• Klöckner Pentaplast Group
• Mitsubishi Chemical Holdings Corporation
• DuPont
• WestRock Company
• Sonoco Products Company.

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North America is projected to account for a major share of the global medical device packaging market during the forecast period. The market in the region is anticipated to grow in the future, owing to developed countries, with prosperous economies, aging population segments, and advanced medical delivery systems. Further, countries vary large population size, increase in healthcare spending intensities, aggregate gross domestic product (GDP) levels, and structure of health insurance plans boost the market growth. In addition, with advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries also propel the market in upcoming years.

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