Medical Devices Packaging Market - Forecasts from 2018 to 2023
Global Medical Devices Packaging Market is projected to grow from US$19.314 billion in 2015 to US$26.452 billion by 2021, at a compound annual growth rate of 5.38%. There has been steady growth in the healthcare industry on account of increasing investments by public and private players; coupled with more informed consumers, this industry is expected to witness robust growth over the next decade. This will dive the medical devices market, directly impacting the demand for medical devices packaging solutions. Europe Middle East and Africa is the major market for these packaging solutions due to presence of major pharmaceutical enterprises while high growth will be observed across developing economies of China and India. This is on account of favorable government regulations and shifting of manufacturing base of several pharmaceutical giants in the region taking advantage of low labor costs.
First section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the product specifications and a brief technological aspect of Medical Devices Packaging solutions. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Thirdly, Medical Devices Packaging Market has been segmented into different products such as Pouches and Bags, Cans, Clamshells, Trays among others with detailed market forecasts and analysis.
Important regions for vendors in terms of market size is covered through detailed geographical segmentation. Geographical regions covered as a part of this section are Americas (North and South America), Europe Middle East and Africa and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Amcor, DuPont, WestRock, 3M, Bemis Company, Berry Plastics along with several other players.