Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Flexible Medical Device Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.9% during the review period (2022 to 2027).
The introduction of several advancement medical devices that need specialised packaging, technological advancements in the medical device industry and the rising demand for creative packaging solutions as a result of increased global production and supply of medical devices, medications, and drugs all contribute to the market's expansion. Additionally, rising health awareness and increased healthcare spending also contribute to the expansion of the flexible medical device packaging market. However, governments all over the world have set rigorous laws and regulations, which slows the expansion of the global market.
Additionally, the demand for products that are sterile packaged, tamper-proof, nonreactive, and have great performance and a low total cost of ownership drives technological developments in the global flexible medical device packaging market, which opens up a lot of room for market expansion over the forecast period of 2022–2027.
Recent Developments:
April 2020, Amcor's ULTRA pouches were certified for vaporized hydrogen peroxide sterilization as well as steam sterilization at 134°C. This means that the pouches can provide a solution for the sterilization of all reusable medical devices. The new accreditation assures that ULTRA pouches are compliant with the latest international and European EN 868 and ISO 11607 standards, including the Sterile Barrier System (SBS) requirement.
January 2020. Gerresheimer manufactures sustainable primary plastic packaging .Consumers are placing great importance on eco-friendly plastic packaging products, specifically – and increasingly – on sustainable packaging solutions that can be disposed of in an environmentally friendly way. At Gerresheimer, therefore, innovation and environmental protection go hand in hand. A pioneer in the quest for greater sustainability, Gerresheimer offers an extensive standard range of plastic packaging and devices customized solutions made from PET, R-PET, and BIO-PET plastics.
The global Flexible Medical Device Packaging includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Aptar, Inc., Bemis Company, Inc., Becton, Dickinson & Company, Catalent Pharma Solutions, Sealed Air, Huhtamäki Oyj, CCL Industries, Inc., Coveris S.A., Amcor, Dätwyler Holding, Inc., WestRock, Berry Global, Gerresheimer, Winpak Ltd., Mondi many others
Flexible Medical Device Packaging Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application it is segmented into
During the projection period, North America is anticipated to hold a significant market share for flexible medical device packaging worldwide. The region's market is expected to expand in the future due to industrialized nations' strong economies, ageing populations, and sophisticated medical delivery systems. Additionally, the expansion of the market is boosted by the population sizes of various nations, intensification of healthcare spending, total levels of GDP, and the design of health insurance plans. Additionally, the market will be driven in the next years by the developed primary medical community, vast medical and life science research activities, high healthcare expenditure intensity, and significant pharmaceutical and medical supply and device industries.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Aptar, Inc., Bemis Company, Inc., Becton, Dickinson & Company, Catalent Pharma Solutions, Sealed Air, Huhtamäki Oyj, CCL Industries, Inc., Coveris S.A., Amcor, Dätwyler Holding, Inc., WestRock, Berry Global, Gerresheimer, Winpak Ltd., Mondi |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 115 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Flexible Medical Device Packaging Market is studied from 2017 - 2027.
What is the growth rate of Flexible Medical Device Packaging Market?
The Flexible Medical Device Packaging Market is growing at a CAGR of 3.9% over the next 5 years.
Who are the leading key players in Flexible Medical Device Packaging Market?
Aptar, Inc., Bemis Company, Inc., Becton, Dickinson & Company, Catalent Pharma Solutions, Sealed Air, Huhtamäki Oyj, CCL Industries, Inc., Coveris S.A., Amcor, Dätwyler Holding, Inc., WestRock, Berry Global, Gerresheimer, Winpak Ltd., Mondi
What regions does this Flexible Medical Device Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Flexible Medical Device Packaging Market?
Class I Devices, Class II Devices, Class III Devices
What are the significant Applications of Flexible Medical Device Packaging Market?
Paper, Plastics, Non-Woven Fabric, Polymer, Aluminum, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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