Medical Device Packaging Market in Europe 2018-2022
About Medical Device
Medical device packaging is used for wrapping or enclosing medical devices to protect them from external conditions during storage, transportation, distribution, and sales. Medical device packaging is also used as a marketing strategy by various manufacturers.
Technavio’s analysts forecast the medical device packaging market in Europe to grow at a CAGR of 7.21% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the medical device packaging market in Europe for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of pouches, trays, clamshells, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Medical Device Packaging Market in Europe 2018-2022
Technavio recognizes the following companies as the key players in the medical device packaging market in Europe: Amcor, Bemis, Berry Global, Constantia Flexibles , and West Pharmaceutical Services
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Technological advances in medical device packaging. Technological advances are expected to play a vital role in the medical device packaging market in Europe during the forecast period. Application of technology in implantable medical devices, medical imaging devices, home healthcare products, and supercomputing devices will drive the need for innovative packaging solutions.”
According to the report, one of the major drivers for this market is Growth of medical device market in Europe. The medical device market in Europe is highly diversified and produces a wide range of medical products and devices. The product range varies from the tongue depressor to critical and complex programmable pacemakers. In Europe, the demand for medical devices such as diagnostic equipment, rehabilitation products, surgery devices, technical aid products, intensive care units, and hygiene devices will grow during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Achieving cost-effectiveness in medical device packaging market in Europe. One of the major challenges faced by vendors in the medical device packaging market in Europe is achieving cost effectiveness in their operations by providing sustainable and affordable packaging solutions to their customers.
Amcor, Bemis, Berry Global, Constantia Flexibles , and West Pharmaceutical Services
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