Asia Pacific Medical Devices Packaging Market - By Packaging Types (Plastic Containers, Glass Containers, Lids, Pouches, Wrap Films, Paper Cans and Others), Country, Trends, Forecasts - (2017 - 2022)
The APAC Medical devices packaging industry market was worth USD XX.XX billion in 2016 and is projected to reach USD XX.XX billion by 2022, at a compound annual growth rate of 8.45% during the period 2017 - 2022
The growth of the medical devices packaging market is driven directly by its end-use industry, i.e., the medical devices industry. More innovations are coming up in the packaging of these devices so as to be tamper evident and child-resistant. The industry is highly susceptible to government regulations, which in turn vary with country. As such, most of the region's needs are met by domestic production.
The medical devices market is growing in the APAC region and as such, the volume sales of the medical devices packaging market is expected to grow since it is directly related to the sales of the end market. On the other hand, the industry is under pressure to reduce prices as the end use industry is focusing more on bringing in innovative products through investments in R&D.
The medical devices packaging market is highly fragmented, with a large number of players manufacturing varieties of packaging products for medical devices across regions. At the same time, the industry is witnessing mergers & acquisitions/consolidation of packaging players in, owing to pressure on the companies to reduce prices.
Some of the key players mentioned in the report are:
What the Report Offers
Market definition for the medical devices packaging market along with identification of key drivers and restraints for the market
Market analysis for the medical devices packaging market with region-specific assessments
identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share
Identification and analysis of the macro and micro factors that affect the medical devices packaging market on both global and regional scale
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information