About Medical Device Packaging
Medical device packaging is used to create a sterile barrier system (SBS) for medical devices and protect their functionality. A medical device is an instrument or apparatus used for the diagnosis or treatment of a disease. The packaging is used for several types of medical devices. A medical device undergoes various stages before it reaches the final customer. Packaging is one of those stages that occur during the lifespan of a medical device.
Technavio’s analysts forecast the medical device packaging market in North America to grow at a CAGR of 6.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the medical device packaging market in North America for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of several types of medical device packaging which include trays, pouches, clamshell packs, and other packaging, such as bags, boxes, blister packaging, and vials.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Medical Device Packaging Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the medical device packaging market in North America: Amcor, Bemis, Berry, The Gerresheimer Group, and WestRock.
Other Prominent Vendors in the market are: Barger, Beneco Packaging, GY Packaging, Molded Fiber Glass Tray Company, Nelipak, Oliver, Printpack, T.O. Plastics, UFP Technologies, and Unicep.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising focus on sustainability. The vendors in the medical device packaging market in North America are increasingly focusing on sustainability. This raises the demand for environment-friendly and economic solutions. Nowadays, consumers are becoming conscious of the environment. With manufacturers focusing on sustainable solutions, this will boost their brand image as well as the sales, thereby motivating them to offer more profitable solutions.”
According to the report, one of the major drivers for this market is Technological advances in medical device packaging. With the advances in technologies, the packaging of medical devices is becoming easier with time, which is helping in the growth of the medical device packaging market in North America. This is because technological advances help the companies to offer quick and effective results. Also, such advances motivate the companies to provide innovative solutions to their customer.
Further, the report states that one of the major factors hindering the growth of this market is Achieving cost-effectiveness in medical device packaging. One of the key challenges in the medical device packaging market is achieving cost-effectiveness to provide affordable and sustainable solutions to the end-users. Another fundamental requirement for the development of cost-effective medical device packaging is to focus on cost reduction, which primarily includes the cost of packaging materials and the cost of operations.
Amcor, Bemis, Berry, The Gerresheimer Group, WestRock, Barger, Beneco Packaging, GY Packaging, Molded Fiber Glass Tray Company, Nelipak, Oliver, Printpack, T.O. Plastics, UFP Technologies, and Unicep.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook