Medical Device Packaging Market Worth $45.64 Billion, Globally, by 2027 at 5.9% CAGR: Verified Market Research

Medical Device Packaging Market Worth $45.64 Billion, Globally, by 2027 at 5.9% CAGR: Verified Market Research

PR Newswire

JERSEY CITY, New Jersey, July 15, 2020

- The rise in the number of chronic diseases and increased disbursement in healthcare facilities is expected to drive the market growth

JERSEY CITY, New Jersey, July 15, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Medical Device Packaging Market by Packaging Type (Bags & Pouches, Trays, Boxes), by Application (Equipment & Tools, Devices, IVD, & Implants) and Geography". According to Verified Market Research, The Global Medical Device Packaging Market was valued at USD 28.84 Billion in 2019 and is projected to reach USD 45.64 Billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

Medical Device Packaging Market Analysis & Forecast, 2020-2027

This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.

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202 - Pages
126 – Tables
37 – Figures

Global Medical Device Packaging Market Overview

The rise in the number of chronic diseases and increased disbursement in healthcare facilities is expected to drive the market growth. The strict healthcare packaging materials have to be met with the necessities of packaging characteristics of medical supplies. The concept is increasing market growth. The drug makers are focusing on preventing the entry of counterfeit drugs in the industry, and hence it has broadened the investments in the healthcare packaging industry. The increase of implantable devices is bound to furnish the market growth. The Devices implanted within the human body are at the leading factor of medical science, and implantable medical packaging is a vital component of these life-saving tools. The increased command to prevent the supply of counterfeit medicines and its mechanism is anticipated to boost the market growth. The anti-counterfeiting methods refer to the different techniques used to guard the supply chain of pharmaceutical goods. The approaches are put in place to limit the number of counterfeit products on the market for consumers and patients: the Smart-i, a marketing leading technology for tracking products. The growth of sustainable medical packaging is the upcoming opportunity in market growth. The sustainable packaging meets market penetration and criteria for performance and cost. They have been designed to optimize materials and energy, and they are manufactured using clean, safe methods and can be recycled through renewable materials. Gerresheimer is the leading market player in sustainable primary pharmaceutical packaging. The major players in the market are 3M Company, E.I. Du Pont De Nemours and Company, Westrock Company, Amcor Limited, Berry Plastics Corporation, Avery Dennison Corporation, CCL Industries Inc, Constantia Flexibles Group GmbH, Bemis Company, Sonoco Products Company.

Verified Market Research has segmented the Medical Device Packaging Market on the basis of Packaging Type, Application and Geography.

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