Medical Packaging Market
                     Medical Packaging Market - Quantitative Market Analysis, Current and Future Trends
Medical packaging has the primary function to protect packaged medical or pharmaceutical 
products. Different types of medical components have resulted in developing various types of 
medical packaging, ranging from preformed packaging to customizable packaging. Medical 
products have unique features and majority of them require proper sterilization and are therefore,
designed ergonomically to fulfill the high medical standards and protect the product integrity.
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One of the major factor contributing to the growth of medical packaging market includes 
increasing number of hospitals and diagnostic centers and the growing healthcare industry. 
According to the Centre Of Medicare & Medicaid Services, in 2015, National Health Expenditure 
(NHE) grew to 5.8% to US$ 3.2 trillion or US$ 9,990 per person, playing a key role in the 
growth of healthcare industry. The gain in momentum of the plastic packaging industry, with 
focus on cost-effectiveness, is also playing a key role in growth of medical packaging market. 
According to Coherent Market Insights (CMI), the global plastic packaging market is expected to 
grow at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 2017-2025.
However, price fluctuations of raw materials such as resin and oil act as a major restraint for the
medical packaging market. Shortage of packaging materials supply also affects the growth of the 
medical packaging market.
Medical Packaging Market Taxonomy:
On the basis of material, medical packaging market is segmented into:
•Polymer
•Paper & Paperboard
•Non-woven fabric
•Others
On the basis of packaging types, medical packaging market is segmented into:
•Trays
•Boxes
•Bags
•Pouches
•Clamshell packs
•Others
On the basis of packing types, medical packaging market is segmented into:
•Primary
•Secondary
•Tertiary
•Shrink Packing
On the basis of application, medical packaging market is segmented into:
•Medical Devices
•Medical Equipment & Tools
•In Vitro Diagnostic Devices (IVDs)
•Implants
Medical Packaging Market Outlook:
•North America is leading the global medical packaging market. The U.S was leading 
market in this region in 2016. The increasing health awareness along with the growing 
healthcare industry is a major driving factor for the growth of medical packaging market 
in the region. North America is expected to lead the medical packaging market throughout
the forecast period, owing to continuous product innovation and focus on extensive 
research and development activities namely child-resistant packs and pre-filled syringes. 
According to a report of Coherent Market Insights (CMI), in North America, the 
pharmaceutical equipment packaging industry accounted for around 40% of the market in 
2016 and expected to retain its position through the forecast period.
•Asia Pacific is the fastest growing region in medical packaging market with China, Japan,
and India being the key markets in the region. The medical device market for APAC is 
expected to witness the fastest CAGR growth during the forecast period, which is expected
to propel the growth of medical packaging market. In terms of packaging by material, 
Polymer held the major share in the medical device market in this region in 2016.
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Key players in the Medical Packaging Market:
Some of the major players operating the global medical packaging market include E. I. du Pont 
de Nemours and Company (U.S), Riverside Medical Packaging Company Ltd. (U.K.), Constantia 
Flexibles Group GmbH (Austria), Avery Dennison Corporation (U.S.), Amcor Limited (Australia), 
Placon Corporation (U.S.), 3M Company (U.S.), Wipak Group (Germany), West Pharmaceutical 
Services, Inc. (U.S.), Bemis Company (U.S.), and SteriPack Ltd. (Ireland).
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