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The packaging of medical devices frequently takes place in a cleanroom, and the packaged devices normally undergo some kind of sterilization. The main objective behind packaging is to keep the device sterile right up until use. North America Western Europe and Japan dominates the market with the highest market share which is more than 60 percent of the total market. While, the fastest expanding medical device packaging markets will emerge in Asia- Pacific region.
Out of total recall medical devices 10% recalls are attributable to packaging failures and 31% of those are due to a hole in the packaging. Therefore correct selection of packaging is a crucial but complex decision, and statistics suggest it is often not carried out correctly. The key factors to consider while choosing the packaging materials and design are the specific nature of the medical device and the intended sterilization methods (e.g. ethylene oxide (EO), gamma irradiation, electron beam, steam, low-temperature oxidative), its intended use, expiry date, transport and storage.
The standard medical device packaging should be made of known and traceable materials, non-toxic, non-leaching and odourless, free of holes, cracks, tears, and creases and localized thinning, intended for use in medical applications. It must also allow sterilization, provide physical protection, maintain sterility up to the point of use and allow aseptic presentation. Medical device packaging is used to minimize safety hazards to both patient and user, to protect the device during transport and storage, to ensure that the device is sterile until point of use and to minimize the risk of contaminants to the patient and those involved in device transportation, storage and use.
Diagnostic centers, hospitals and therapeutic equipment manufacturers are key players involved in the growth of medical device packaging market size. Also huge investment along with high-tech equipment and technology in the healthcare industry will enhance the industry growth. Increasing healthcare expenditures and increasing government subsidies in the developing economies along with growing health awareness among aging population may boost industry growth. However, increasing Different government regulations over the medical devices packaging process in different countries and large initial investments are acting as a barrier for the growth of the market.
Medical Device Packaging Market Report: Product Type
Medical Device Packaging Market Report: Application
Medical Device Packaging Market: Company Analysis
Geographical analysis of Medical Device Packaging Market:
Global Medical Device Packaging Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 40050.00 million |
Forecast Value (2031) |
USD 63474.79 million |
CAGR (2025-2030) |
6.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Medical Device Packaging Market was valued at around USD 40050.00 million in 2023 & estimated to reach USD 63474.79 million by 2030.
Medical Device Packaging Market is likely to grow at Compound Annual Growth Rate (CAGR) of 6.8% between 2024 to 2030.
Medical Device Packaging Market is dominated by the Sterile Packaging segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Medical Device Packaging Market are DuPont, 3M, Mitsubishi Chemical, Amcor, Berry Plastics, TAKO, Bemis Company, Texchem-pack, Klockner Pentaplast, Constantia Flexibles, Technipaq, Barger (Placon), Plastic Ingenuity, Beacon Converters, Rollprint.
Primary driving factors for the growth of the Medical Device Packaging Market include Increasing healthcare expenditures and increasing government subsidies in the developing economies along with growing health awareness among aging population.
Yes, the report includes COVID 19 impact on the market.
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