Dublin, June 10, 2024 (GLOBE NEWSWIRE) -- The "Global Medical Device Packaging Market by Material (Plastics, Paper & Paperboard, Metal), Product Type (Bags & Pouches, Trays, Clamshell & Blister Packs, Boxes), Application (Sterile Packaging, Non-Sterile Packaging), & Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global medical device packaging market is projected to grow from USD 39.9 billion in 2024 to USD 54.1 billion by 2029, at a CAGR of 6.3% during the forecast period. The medical device packaging market is growing due to advancements in medical technology, rising healthcare demands, more stringent regulatory standards, and the shift towards single-use and disposable medical devices. Furthermore, increasing concerns regarding infection control and patient safety are prompting the adoption of superior packaging solutions. 
By material, plastic segment to account for the highest CAGR during the forecast period
Plastic is a major material in the medical device packaging market. The demand for plastic packaging in the medical device industry is projected to witness significant growth during the forecast period due to its superior barrier properties, lightweight nature, and compatibility with sterilization methods. The demand for plastic as a medical device packaging material is expected to grow significantly. This growth can be attributed to several factors, including the increasing demand for medical devices globally, driven by aging populations and rising healthcare needs. Advancements in plastics technology are leading to the development of innovative packaging solutions that offer enhanced performance and functionality, further driving the adoption of plastics in medical device packaging.
By product type, bags & pouches segment to account for major market share
Bags & pouches hold the largest market share and are the fastest-growing segment during the forecast period. The benefits of bags and pouches in medical device packaging are numerous. They provide a barrier against contaminants, maintain sterility, and offer protection from external factors such as light, moisture, and oxygen, which can degrade the quality of medical devices. Their flexibility and versatility also make them suitable for various types and sizes of medical devices, enhancing convenience and ease of use for healthcare professionals.
By application, sterile packaging segment to account for the highest CAGR during the forecast period
Sterile packaging is a major application in the medical device packaging market. Sterile packaging is a key player in the medical device packaging market, given its crucial role in preserving product integrity and ensuring patient safety. It's essential for preventing contamination throughout the supply chain, safeguarding medical devices from external threats like pathogens and moisture. With stringent regulations emphasizing sterility to mitigate contamination risks, sterile packaging is vital for maintaining product efficacy and regulatory compliance, making it a top priority in healthcare packaging.
By region, Asia Pacific medical device packaging market is projected to grow at the highest CAGR during the forecast period.
Asia Pacific region is expected to expand at the highest CAGR from 2024 to 2029. offering significant growth opportunities for key players involved in the market. The expansion of the medical device packaging market in the Asia Pacific region is fueled by various factors, such as the development of healthcare infrastructure, increased healthcare spending, adherence to regulatory standards, government policies & initiatives, and an aging population. Countries such as China, India, Japan, and South Korea contribute to this growth due to their strong manufacturing capabilities and high rates of medical device production. China is the top consumer of medical device packaging in the Asia Pacific region, and several factors drive this demand. The country's rapidly growing aging population leads to a higher need for medical devices and, therefore, medical device packaging, used in various medical applications.
Research Coverage
The market study covers the medical device packaging market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on material, product type, application, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the medical device packaging market.
Amcor PLC (Switzerland), DuPont de Nemours Inc. (US), Berry Global Inc. (US), 3M (US), Wipak (Finland), Sealed Air Corporation (US), and WestRock Company (US), and other key companies are covered in the medical device packaging market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 317 |
| Forecast Period | 2024-2029 |
| Estimated Market Value (USD) in 2024 | $39.9 Billion |
| Forecasted Market Value (USD) by 2029 | $54.1 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Premium Insights
- Rising Healthcare Expenditure to Drive Growth During Forecast Period
- Plastic Segment and US Led Market in 2023
- Plastics to Dominate Market During Forecast Period
- Bags & Pouches to Lead Market During Forecast Period
- Sterile Packaging Application to Lead Market During Forecast Period
- India to be Fastest-Growing Market During Forecast Period
Market Dynamics
- Drivers
- Surging Demand for Medical Devices and Healthcare Products
- Rise in Chronic Diseases
- Increasing Demand for Sterile Packaging
- Restraints
- Strict Regulatory Compliance
- Volatile Raw Material Costs
- Opportunities
- Development of Sustainable Packaging Options
- Expansion into Emerging Markets
- Challenges
- Contamination During Storage and Handling
Technology Analysis
- Key Technology
- Low-Temperature Sterilization
- Sterilization Packaging
- Complimentary Technology
- Internet of Things (IoT) in Primary Packaging of Medical Devices
Case Study Analysis
- Steripack Provides Functional Blister Solutions for Seamless Packaging of Safety Needles
- High-Barrier Lidstock Maximizes Seal Strength and Maintains Peelability
- Osteonics' Blister-in-a-Blister-in-a-Pouch Safeguards Implants from Detrimental Oxidation
Companies Featured
- Amcor PLC
- Berry Global Inc.
- DuPont de Nemours, Inc.
- Westrock Company
- 3M
- Wipak
- Sonoco Products Company
- Sealed Air Corporation
- Billerud
- Mitsubishi Chemical Group Corporation
- Printpack
- Proampac
- Anqing Kangmingna Packaging Co. Ltd.
- Oliver Healthcare Packaging Company
- Nelipak Corporation
- Aphena Pharma Solutions
- Selenium Medical
- Paragon Medical
- Terramica Ceramics & Automation India Pvt. Ltd.
- Pristine Clean Bags
- Advin Health Care
- Pak Pack Ltd.
- Sabre Medical
- Sterile World Technologies LLP
- Millstone Medical
- Gary Manufacturing
- Hudson Poly Bag, Incorporated
For more information about this report visit https://www.researchandmarkets.com/r/e7wlbz
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