North America Medical Devices Packaging Market - Growth, Trends, COVID-19 Impact, and Forecast(2022 - 2027)

North America Medical Devices Packaging Market - Growth, Trends, COVID-19 Impact, and Forecast(2022 - 2027)

The North American Medical Device Packaging Market is expected to grow by registering a CAGR of about 5.8% during the forecast period (2021-2026). Strict governmental regulations, growing demand for sterile and more robust packaging, coupled with increasing awareness about the safety of medical devices, are among the key factors driving the growth of the market in the North American region.

Key Highlights

• Packaging for medical devices is used to protect the device from any form of physical damage and keep it free of any type of contamination. The medical device packaging plays an important role as it provides a protective layer and further offers convenient handling options.
• The growth of the Medical devices packaging market in North America 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 the country. As such, most of the country’s/region needs are met by domestic production while generic are shipped.
• The growing incidence of chronic diseases in the region is driving the demand for medical drugs and devices, which creates a favorable environment for sterile medical packaging. For instance, according to CDC, Six in ten Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes. These and other chronic diseases are the leading causes of death and disability in America, and they are also a leading driver of health care costs.
• The global outbreak of COVID-19 has created deep underlying problems in the health care system of the North American region. However, the pandemic has led to positive growth in demand for medical devices such as respirators, oximeters, ventilators, and other medical devices. Although the condition is moving towards normalcy, the demand is expected to sustain during the forecast period, which in turn is expected to augment the demand for medical device packaging.
• Furthermore, owing to rising technological advancements in the healthcare industry, there has been an increase in the demand for sustainable medical packaging. In addition to this, the growing environmental concerns have fueled the demand for efficient and biodegradable healthcare packaging in the region.

Key Market TrendsThe Use of Plastics for Packaging of Medical Devices to Report Sustained Growth

• Plastics play a significant role in healthcare packaging. Disposable plastic syringes, blood bags, heart valves, etc., are some of the key use cases wherein plastics have been used. Furthermore, plastics are the perfect materials for shipping and storing intricate devices, drugs, and other medical instruments.
• Additionally, plastics are highly safe, hygienic, durable, lightweight, and cost-friendly, which makes them a perfect choice for manufacturing medical device packaging. Moreover, the aesthetics offered by plastic materials, such as the ability to appear in the range from opaque to clear, increase their applicability in the market.
• Considering the growing number of use cases and increasing demand for plastic packaging within the North American medical device packaging sector, various vendors have started offering innovative products in the market. For instance, the Amcor Dual Chamber Pouch uses a high-strength foil laminate that protects from light, moisture, and oxygen ingress to support shelf life and drug efficacy.
• As medical device manufacturers and consumers alike are looking for sustainable alternatives to traditional plastic packaging, the increasing demand for sustainable packaging is driving the vendors to increase investment in developing innovative packaging solutions for medical devices. For instance, in 2021, TIPA started offering its high-performance certified compostable flexible packaging films and laminates in the North American Market. Tipa’s films are a sustainable alternative to traditional polyethylene (PE) and polypropylene (PP) flexibles.

United States to Hold Significant Market Share

• The United States is expected to continue to be the largest market for medical device packaging as its advanced medical product producers commercialize new high value-added supplies, instruments, and equipment with specialized packaging needs.
• In addition to this, increasing demand for hygiene devices, personal diagnostic equipment, and rehabilitation products are also helping to push the development of the medical device packaging market in the United States.
• According to the New England Journal of Medicine, the United States has 4% of the world’s population but, as of July 2020, approximately 26% of its Covid-19 cases and 24% of its Covid-19 deaths. The pandemic may open the way to meaningful incremental changes in healthcare spending, which is anticipated to drive the demand for medical devices in the country.
• Furthermore, the United States is home to some of the largest medical device packaging companies such as Sonoco, West Pharmaceuticals, DuPont, and Amcor, among others. The presence of these companies is further expected to drive the growth of the medical device packaging industry in the country.

Competitive Landscape

The North American Medical Devices packaging market is fragmented, with a large number of players manufacturing varieties of packaging products for medical devices across regions. The industry is witnessing mergers and acquisitions/consolidation of packaging players in recent times, owing to pressure on the companies to reduce prices. Some of the major players operating in the region include Amcor PLC, Berry Global Inc, DuPont, and Mitsubishi Chemical Holdings, among others.

• September 2021 - Technipaq Inc., a leading manufacturer of flexible sterilizable packaging solutions, and Tyvek Authorized Converter announced a new partnership with DuPont Tyvek and recycling partner Freepoint Eco-Systems, designed to significantly build upon the company's ongoing sustainability and recycling efforts.
• April 2021 - Amcor announced the start of customer trials of the world's first recyclable Polyethylene-based thermoform blister packaging. The new packaging is designed to meet the stringent requirements of highly specialized and regulated pharmaceutical packaging and creates a more sustainable alternative for the most in-demand healthcare packaging type.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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