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Global Medical Device Packaging Market Expected to be Driven by Increasing Adoption of Sustainable Packaging

Press release Description

Albany, New York, April 26, 2018: With rapidly improving quality of healthcare, the global market for medical device packaging is slated for healthy growth over the period of next nine years. As per the insights provided by a new report added to the repository of Market Research Reports Search Engine (MRRSE), titled “Medical Device Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” the medical device packaging industry will gain a major thrust by growing need for sustainable packaging of medical devices and components.

Medical devices are witnessing immense advances and they undergo a series of stages, including handling, sterilization, packaging, shipping, and usage, which is why their transport and packaging require extra care. As packaging provides appropriate protection to devices and components from vibration, shock, tearing and puncturing, splitting, bursting, and variable environmental factors impacting the respective situation. The global market for medical device packaging is currently witnessing a popularly growing trend of easy-to-use and easy-to-dispose solutions, which is anticipated to push the market further.

Another significantly influencing trend includes the advancements thermoformable materials used for packaging of medical devices, deriving excellent solutions such as blister packaging and thermoformed trays. Attributed to surging demand for decent lidding materials, key manufacturers are concentrating more on the packaging solutions involving improved quality film laminations that first entered the market with the introduction of thermoplastic polymers.

Manufacturers in the global industry for medical device packaging have been increasingly realizing the need for sustainable packaging and thus preferring it over other types of packaging solutions due to its economic nature. Sustainable packaging is a smart approach presumed to bring in a heap of opportunities to the market for medical device packaging. Promising emergence of smart and intelligent packaging solutions are expected to result in manufacturers gaining optimized efficiency, which will in turn support the global market growth during the forecast period. Key players are also observed to be consistently enhancing their product portfolio, product offerings, and overall product development activities.

Key Takeaways: Segmentation

Among packaging types, bags and pouches continue to lead other segments, including containers, and others. The bags and pouches is currently a segment worth US$ 2.3 Bn segment and is anticipated to expand at a 4.9% CAGR over the assessment period. Containers will represent the second largest segment with an estimated CAGR of 4.3% through to 2027. However, trays are apprehended to represent the most opportunistic segment thriving at the highest CAGR value of more than 5.5%. Trays segment is thus expected to take over all the packaging type segments in terms of growth rate from 2017 till 2027. As per the regional analysis of the global medical device packaging interprets, North America is poised to continue dominance over other regional markets, with a maximum value share throughout surpass he forecast period.

Browse Full Global Medical Device Packaging Market Report with TOC : https://www.mrrse.com/medical-device-packaging-market

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