Global Cardiac Implants Market 2018-2022
About this market
Innovations in the global bubble wrapping market to gain traction. Sealed Air, a bubble wrap manufacturing company, came up with an innovative new version of its trademark product in 2015. Technavio’s analysts have predicted that the bubble wrapping market will register a CAGR of close to 8% by 2023.
Growing global e-commerce market
China and US are major contributors to the e-commerce market. The convenience provided by order tracking and free shipments are encouraging more people to choose online shopping.
Volatility in raw material prices
LDPE is the most common material used to make bubble wrapping. Fluctuations in raw material prices will have a negative impact on bubble wrapping vendors as this increases their operating costs.
For the detailed list of factors that will drive and challenge the growth of the bubble wrapping market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Smurfit Kappa, and STOROPACK HANS REICHENECKER the competitive environment is quite intense. Factors such as the growing global e-commerce market and the innovations in the global bubble wrapping market, will provide considerable growth opportunities to bubble wrapping manufactures. NEFAB GROUP, Pregis, Sealed Air, Smurfit Kappa, and STOROPACK HANS REICHENECKER are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Cardiac Implants Market 2018-2022
Technavio recognizes the following companies as the key players in the global cardiac implants market: Abbott, BIOTRONIK, Boston Scientific, Medtronic.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the vendors are increasingly focus in their R&D efforts for the development of innovative cardiac impacts.”
According to the report, one of the major drivers for this market is the growing awareness initiatives and access to healthcare.
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