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.
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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.
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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