Asia-Pacific Medical Device Packaging Market, By Material (Polymer, Paper and Paperboard, Nonwoven Material, Others), Container Type (Bags and Pouches, Trays, Boxes, Others), Packaging Type (Primary, Secondary, Tertiary), Applications (Equipment’s and Tools, Devices, IVD, Implants), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Europe Medical Device Packaging Market
The medical device packaging market is expected to witness market growth at a rate of approximately 7.2% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 12.22 billion by 2028. Data Bridge Market Research report utility grade duct tapes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization globally is escalating the growth of medical device packaging market.
Packaging includes all the functions such as designing and developing the outer covering for a product. Packaging of medical devices is considered highly critical as they are to be preserved in a specialized environment and cannot be exposed. Medical devices are usually preserved in sterile packaging and are handled with care.
The rise in the trend of sterile devices across the region acts as one of the major factors driving the growth of medical device packaging market. The increase in demand for medical devices such as in-vitro diagnostic equipment and reagents, surgical implants and instruments, irradiation apparatuses, medical supplies, dental goods and electro-medical equipment accelerate the market growth. The increase in demand for products with various technologies, such as peal/seal and counterfeit technology, and high prevalence of chronic diseases, such as heart disease, cancer, diabetes, stroke, and arthritis owning to the unhealthy lifestyles of people further influence the market. Additionally, increase in awareness among the people towards better packaging usage, surge in disposable income, change in lifestyle, growth in population and rise in usage in the pharmaceutical industry positively affect the medical device packaging market. Furthermore, high demand for sustainable packaging solutions extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, fluctuations in the prices of raw materials are expected to obstruct the market growth. The stringent rules and regulations are projected to challenge the medical device packaging market in the forecast period of 2021-2028.
This medical device packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on medical device packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Medical Device Packaging Market Scope and Market Size
The medical device packaging market is segmented on the basis of material, container type, packaging type and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the medical device packaging market is segmented into polymer, paper and paperboard, nonwoven material, and others.
- On the basis of container type, the medical device packaging market is segmented into bags and pouches, trays, boxes, and others.
- On the basis of packaging type, the medical device packaging market is segmented into primary, secondary, and tertiary.
- On the basis of applications, the medical device packaging market is segmented into equipment’s & tools, devices, IVD, and implants
Europe Medical Device Packaging Market Country Level Analysis
The medical device packaging market is analyzed and market size insights and trends are provided by country, material, container type, packaging type and applications as referenced above.
Germany dominates the Europe medical device packaging market due to the advancements in the packaging technology within the region. France is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in healthcare expenditure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Medical Device Packaging Market Share Analysis
The medical device packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical device packaging market.
The major players covered in the medical device packaging market report are DuPont, Mitsubishi Electric Corporation, Texchem Polymer Engineering Division, Klockner Pentaplast, 3M, Bemis Company, Inc., Plastic Ingenuity, Technipaq Inc., Amcor plc, DOW, Berry Global, Wihuri Group, Oliver, Beacon Converters, CONSTANTIA, Bemis Company, Inc., and Berry Global Inc., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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