Medical Packaging Market Research Report - Global Forecast Till 2023
Medical Packaging Market Information: By Material (Film, Fabric, Tyvek), Type (Container, Vial, Tray, and Pouches), Application (Medicals, Research, Diagnostics, Plastic Industries), End User (Hospitals, Clinics, and Forensic) - Global Forecast till 2023
Medical Packaging Market Information: By Material (Film, Fabric, Tyvek), Type (Container, Vial, Tray, and Pouches), Application (Medicals, Research, Diagnostics, Plastic Industries), End User (Hospitals, Clinics, and Forensic) - Global Forecast till 2023
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<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong><br />
By <strong>Forecast</strong> To <strong>2023</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s to <strong>2023</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> Information: By Material (Film, Fabric, Tyvek), Type (Container, Vial, Tray, and<br />
Pouches), Application (<strong>Medical</strong>s, <strong>Research</strong>, Diagnostics, Plastic Industries), End User (Hospitals, Clinics, and<br />
Forensic) - <strong>Global</strong> <strong>Forecast</strong> till <strong>2023</strong><br />
<strong>Medical</strong> packaging plays an important role in sustaining product quality and encourage safe and effective use. The growing<br />
market for implantable devices, growth of healthcare market, increasing awareness of healthcare in different region,<br />
especially in developing countries such as India and China are adding fuel to the global medical packaging market growth.<br />
Moreover, rising disposable income in developing countries increasing the expenditure on healthcare facilities. The<br />
improvement in technology of sustainable packaging and innovation in pharmaceuticals and life science are key drivers of<br />
the market.<br />
<strong>Packaging</strong> is the technology for the safety of medical products for distribution, storage, sale, and use. These packaging<br />
materials are an essential part of medical packaging that act as safeguard for drugs, equipment and the health of millions<br />
patients. The rising healthcare cost is likely to restrict the growth of the global medical packaging market over the forecast<br />
period. According to FDA, packaging also refers to the procedure of designing, evaluating and producing packages.<br />
Moreover all packaging materials must be examined to maintain quality standard and all the operation for packaging should<br />
be separated to avoid the chances of confusion between similar products. FDA regulation covers medical packaging under<br />
two part, that includes K--Labeling and <strong>Packaging</strong>, According to them, all the manufacturers shall ensure that device or<br />
drugs packaging and shipping containers are designed and constructed to preserve the device from damage during the<br />
customary conditions of processing, storage, handling, and distribution.<br />
The global medical packaging market is expected to grow at a CAGR of 6.3% during forecasted period 2017-<strong>2023</strong>.<br />
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<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Segmentations<br />
The global medical packaging market is segmented on the basis of material, types, application, and end user.<br />
On the basis of the material, it is segmented into sterilization, tyvek, foam, molded fiber, fabrics, plastics, films, adhesives,<br />
and others.<br />
On the basis of the type, it is segmented into containers, pouches, trays, blister packets, clamshell packs, vials, and others.<br />
On the basis of the application, it is segmented into medical, pharmaceuticals, diagnostics, plastic industries, chemicals and<br />
research, and others.<br />
On the basis of the end user, it is segmented into hospitals, clinics, medical and research centers, forensic departments, and<br />
others.<br />
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<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
<strong>Research</strong> Methodology<br />
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<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Regional Analysis<br />
On the regional basis, the market is segmented into Americas, Europe, Asia Pacific and the Middle East and Africa.<br />
The Americas dominate the global medical packaging market owing to massive development in the medical sector, increase<br />
in the pharmaceutical industries, and growing government support to research institutions. Furthermore, increased chronic<br />
diseases such as, asthma, cancer, COPD, diabetes in this region drive the growth of this region. According to the WHO, in<br />
2015, around 30.3 million people of all age group had diabetes, which is 9.4% of the U.S. population. These rising in patient<br />
population enhance the demand of quality devices and drugs for treatment, thus, medical packaging play an important role<br />
in order to provide quality treatments.<br />
Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe accounts for the major share of<br />
the market, which is primarily contributed by Germany, the U.K., and France. Europe holds the second position in the global<br />
medical packaging market owing to government support and well-established healthcare industry. This is expected to<br />
continue driving the European market over the forecasted period.<br />
Asia Pacific is the fastest growing medical packaging market owing to the presence of huge patient population, and high<br />
healthcare expenditure. Moreover, increasing demand for quality devices and drugs in the healthcare is projected to lead<br />
the growth of the medical packaging in this region. According to the Australian Bureau of Statistics, in 2016, around 5.1% of<br />
the Australian population is diagnosed with diabetes, which lead the demand of quality treatments, hence market of<br />
medical packaging are growing rapidly in this region.<br />
On the other hand, the Middle East and African region holds the least market share due to low healthcare spending,<br />
ignorance of diseases, poor access to treatment and availability of limited technologies.<br />
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<strong>Medical</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Major Players<br />
Some of the major players in the global medical packaging market are Amcor Limited (Australia), Chesapeake Limited (U.S.),<br />
DuPont (U.S.), Klöckner Pentaplast Group (Germany), MeadWestvaco Corporation (U.S.), Mitsubishi Chemical Holdings<br />
Corporation (Japan), Bemis Company Inc. (U.S.), West Pharmaceutical Services, Inc. (U.S.)., 3M company, and, others.<br />
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