The global medical device packaging market size is expected to be worth around US$ 51.90 billion by 2030, according to a new report by Vision Research Reports.
The global medical device packaging market size was valued at US$ 31.70 billion in 2020 and is anticipated to grow at a CAGR of 9.4% during forecast period 2021 to 2030.
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Medical Device Packaging Market (By Material: Plastic, Paper & Paperboard, Metal, Others; By Product: Pouches & Bags, Trays, Boxes, Clamshells, Others; By Application: Equipment & Tools, Devices, IVD, Implants) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 51.90 billion by 2030 |
| Growth Rate | CAGR of 9.4% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Material, Product, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Amcor plc; Sonoco Products Company; Mondi; CCL Industries; Constantia Flexibles; WestRock Company; Berry Global Inc.; Glenroy Inc.; SteriPack Group; Riverside Medical Packaging Company Ltd. |
Growth Factors
The market growth is attributed to the growing demand for medical devices, such as surgical implants and instruments, medical supplies, electro-medical equipment, and in-vitro dignostic equipment. The increasing aging population that requires advanced medical treatments, coupled with the unhealthy lifestyles of people, has been resulting in the high prevalence of chronic diseases.
The increasing demand for medical devices such as surgical implants and instruments, medical supplies, electro-medical equipment and reagents, irradiation apparatuses, and dental goods has been driving the demand for medical device packaging products. Unhealthy lifestyles of people have been resulting in the high prevalence of chronic diseases, such as heart disease, cancer, diabetes, stroke, and arthritis, in recent years, especially in developed economies.
Report Highlights
By Material Analysis
Plastic held the highest share of over 60.05% in 2020 and is likely to maintain its position over the forecast period. Plastic emerged as the most widely used material in the market in 2020. Various types of plastic include low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene (PP), and polyethylene terephthalate (PET).
Aluminum is the most common metal used in medical device packaging. It is effective against moisture, oxygen, and light; thus, it is majorly used as a foil in medical device packaging.
By Product Analysis
The pouches and bags segment held the highest share of more than 37.0% in 2020. They effectively pack small, mid-sized, and large medical devices. Their small size and high product-to-package ratio enable easy storage and handling of medical devices. Pouches and bags, when manufactured using appropriate materials like LLDPE and PET, have the ability to offer protection to devices against light, moisture, and gases.
Trays come in different formats such as plastic medical trays, medical shipping trays, and medical inspection trays. Trays are more durable for the packaging and shipping of medical parts and machine parts of medical devices.
Packaging for medical devices and related components is highly regulated and should meet specific requirements. Boxes that are prepared with cardboard are widely used for the safe packaging and transportation of medical devices.
By Application Analysis
Equipment and tools held the greatest share of over 30.05% in 2020. They require flexible packaging with a high degree of sterilization. The majority of the tools come in flexible packaging materials, such as plastic pouches, plastic trays, bags, and clamshells.
the equipment segment offers medical device packaging solutions for CT scanners, X-ray machines, MRI machines, ultrasound scanners, and many other diagnostic medical devices. These are large-size devices and need structured packaging solutions as they are potentially purchased by hospitals and other healthcare facilities.
The in-vitro diagnostic (IVD) application segment is projected to register the fastest CAGR of 7.5% over the forecast period. This growth is attributed to the high adoption of IVDs for testing COVID patients.
By Regional Analysis
Europe held the greatest share of over 35.0% in 2020. Following Germany, the U.K. emerged as a key market in 2020. The country is characterized by the presence of several well-established device manufacturing companies operating locally as well as in the international market.
North America captured the second-largest share in 2020 on account of the robust medical sector and the presence of numerous entities catering to the healthcare domain.
Asia Pacific is expected to witness the fastest growth over the forecast period. In Asia Pacific, China is the world’s fastest-growing economy and one of the biggest markets for medical devices in the world.
Key Players
Market Segmentation
The study objectives of this report are:
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