Medical Packaging Market Research Report 2018: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Material (Film, Fabric, Tyvek), Type (Container, Vial, Tray, and Pouches), Application (Medicals, Research, Diagnostics, Plastic Industries), End User (Hospitals, Clinics, and Forensic) – Global Forecast 2023
Pune , India – November 9, 2018 —
Global Medical Packaging Market to Proliferate owing to Soaring Demand from the Pharmaceutical Industry:
The global medical packaging industry market has been observing perpetual growth and is expected to grow at a compound annual growth rate of 6.3% over the forecast period of 2023, proclaims Market Research Future (MRFR) in a thoroughly analyzed research report. It is projected that there will be rapid growth within the market owing to spiraling demand for medical packaging from the pharmaceutical and medical device manufacturing industries which will help the market reach a significant valuation by the end of the forecast period. There is high demand for medical packaging from the pharmaceutical industry as packaging increases brand life, helps patients to comply with medication requirements and to meet regulatory requirements.
Moreover, drug packaging plays a vital role in the protection of medicines from adverse external influences. Increasing government expenditure on healthcare facilities across the globe boosts the growth of the market. Additionally, innovations in the packaging products and technological developments in packaging procedures which help in price reduction also provide an impetus to the growth of the market. FDA regulations pertaining to packaging to maintain quality standard and avoid chances of confusion between similar medical products also stimulate the growth of the market. On the other hand, patient safety concerns arising out of packaging errors are likely to restrain the growth of the market. High costs of medical packaging is also a significant impediment to the growth of the global medical packaging market. However, progressive use of bioplastics as an alternative material for medical packaging is expected to provide the global medical packaging market with attractive growth opportunities.
The global medical packaging market is expected to grow at a CAGR of 6.3% during forecasted period 2017-2023.
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In August 2018, AWT Labels and Packaging, a provider of high-quality labels and flexible packaging solutions to the medical industry, announced the acquisition of Citation Clinical Labeling Systems, a US-based clinical trial label provider for biotechnology and pharmaceutical companies.
The global medical packaging market has been segmented based on material, types, application, and end-user. By material, the market has been segmented into sterilization, Tyvek, foam, moldeda fiber, fabrics, plastics, films, adhesives, and others. By type, the market has been segmented into containers, pouches, trays, blister packets, clamshell packs, vials, and others. By application, the market has been segmented into medical, pharmaceuticals, diagnostics, plastic industries, chemicals and research, and others. By end-users, the market has been segmented into hospitals, clinics, medical and research centers, the forensic departments, and others.
The global medical packaging market spans across the regions of Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas is at the forefront of the global medical packaging market. A significant development in the medical sector, growth in the pharmaceutical industry, and growing government support to research organizations foster the growth of the market in the region. The Europe market for medical packaging is strong and is divided into Western Europe and Eastern Europe. Germany, UK, and France are the key contributors to the Western Europe market which makes it the principal shareholder of the market. Europe accounts for the second largest share of the market due to the presence of a well-established healthcare industry and high support from the government for the quality improvement of medical packaging. Asia Pacific is expected to register maximum growth owing increase in contract manufacturing activities, especially in the emerging geographies of China and India. The Middle East & Africa market has the least share in the global medical packaging market and is expected to exhibit laggard growth due to the weak economy and availability of limited technology.
The eminent players operating in the global medical packaging market include- Amcor Limited (Australia), DuPont (U.S.), MeadWestvaco Corporation (U.S.), Bemis Company Inc. (U.S.), 3M company, Chesapeake Limited (U.S.), Klöckner Pentaplast Group (Germany), Mitsubishi Chemical Holdings Corporation (Japan), West Pharmaceutical Services, Inc. (U.S.)., and others.
• Medical Device Manufacturers
• Manufacturers of Medical Foam
• Traders, Distributors, and Suppliers of Medical foam
• Government and Research Organizations
• Research and Development (R&D) Companies
• Market research and Consulting Service Providers
• Medical Research Institutes and Universities
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Table Of Content
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
List of Tables
Table 1 Medical Packaging Industry Synopsis, 2017-2023
Table 2 Global Medical Packaging Market Estimates and Forecast, 2017-2023, (Usd Million)
Table 3 Global Medical Packaging Market by Region, 2017-2023, (Usd Million)
Table 4 Global Medical Packaging Market by Material, 2017-2023, (Usd Million)
Table 5 Global Medical Packaging Market by Type, 2017-2023, (Usd Million)
Table 6 Global Medical Packaging Market by Application, 2017-2023, (Usd Million)
Table 7 Global Medical Packaging Market by End Users, 2017-2023, (Usd Million)
Table 8 North America Medical Packaging Market by Material, 2017-2023, (Usd Million)
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Name: Abhishek Sawant
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Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
This news is published on Reuters.