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Market Scenario
The key drivers for the growth of the Medical Device Packaging Materials market are the growing healthcare industry. There is an increased demand for such packaging by the medical device manufacturers on a large scale. The packaging industry on the other hand are seen investing heavily on various technological advancements. On the basis of product type, Pouches contributes the largest to the market, majorly due to its cost-effectiveness and infection resistant specification. Cost sensitiveness and declining healthcare costs are hampering the growth of the global Medical Device Packaging Materials Market. North-America contributes largely to overall market share.
Study Objectives
- To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the Global Medical Device Packaging Materials Market
- To provide insights about factors affecting the market growth
- To Analyze the Global Medical Device Packaging Materials Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
Segmentation
The segment analysis of the global market for medical devices packaging market has been conducted on the basis of material, and product. The Medical Device Packaging Market Size on the basis of material is segmented into plastic, paper & paperboard, and others. The plastic segment is anticipated to lead the market share over the review period, owing to the superior properties of plastic that make it ideal for shipping and storing sophisticated devices, drugs and other medical devices. The market for medical devices market on the basis of the product has been segmented into pouches, trays, bags, clamshell packs, and others.
Key Players
The key players of the global Medical Device Packaging Materials market include- Amcor Limited, Bemis Company Inc, Chesapeake Limited,E. I. du Pont de Nemours and Company, Klöckner Pentaplast Group, 3M Company, WestRock Company, Mitsubishi Chemical Holdings Corporation, and Oliver-Tolas.
Regional Analysis
Asian countries, especially India, China are expected to grow fastest over the forecasted period due to expansion of the healthcare industry and stricter government and non-government
Regulations to support healthcare sector. However, North America dominates the market due to advancements of medical technology and infrastructure.
Target Audience
- Manufactures
- Raw Materials Suppliers
- Aftermarket supplier
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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