Medical Packaging Market, By Material (Polymer, Paper & Paper Board, Non-Woven Fabrics, and Others), By Packaging Type (Trays, Boxes, Bags, Others), By Packing Type (Primary, Secondary, Tertiary, and Shrink Packing), By Application (Medical Devices, Medical Equipment & Tools, In Vitro Diagnostic Devices (IVDs), and Implants) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • Report code : CMI17949 |
  • Industry :

    Packaging

  • To Be Published : Sep 2018 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Medical packaging has the primary function to protect packaged medical or pharmaceutical products. Different types of medical components have resulted in developing various types of medical packaging, ranging from preformed packaging to customizable packaging. Medical products have unique features and majority of them require proper sterilization and are therefore, designed ergonomically to fulfill the high medical standards and protect the product integrity.

One of the major factor contributing to the growth of medical packaging market includes increasing number of hospitals and diagnostic centers and the growing healthcare industry. According to the Centre Of Medicare & Medicaid Services, in 2015, National Health Expenditure (NHE) grew to 5.8% to US$ 3.2 trillion or US$ 9,990 per person, playing a key role in the growth of healthcare industry. The gain in momentum of the plastic packaging industry, with focus on cost-effectiveness, is also playing a key role in growth of medical packaging market. According to Coherent Market Insights (CMI), the global plastic packaging market is expected to grow at a CAGR of 5.3% in terms of revenue and 5.1% in terms of volume during 2017-2025.

However, price fluctuations of raw materials such as resin and oil act as a major restraint for the medical packaging market. Shortage of packaging materials supply also affects the growth of the medical packaging market.

Medical Packaging Market Taxonomy:

On the basis of material, medical packaging market is segmented into:

  • Polymer
  • Paper & Paperboard
  • Non-woven fabric
  • Others

On the basis of packaging types, medical packaging market is segmented into:

  • Trays
  • Boxes
  • Bags
  • Pouches
  • Clamshell packs
  • Others

On the basis of packing types, medical packaging market is segmented into:

  • Primary
  • Secondary
  • Tertiary
  • Shrink Packing

On the basis of application, medical packaging market is segmented into:

  • Medical Devices
  • Medical Equipment & Tools
  • In Vitro Diagnostic Devices (IVDs)
  • Implants

Medical Packaging Market Outlook:

  • North America is leading the global medical packaging market. The U.S was leading market in this region in 2016. The increasing health awareness along with the growing healthcare industry is a major driving factor for the growth of medical packaging market in the region. North America is expected to lead the medical packaging market throughout the forecast period, owing to continuous product innovation and focus on extensive research and development activities namely child-resistant packs and pre-filled syringes. According to a report of Coherent Market Insights (CMI), in North America, the pharmaceutical equipment packaging industry accounted for around 40% of the market in 2016 and expected to retain its position through the forecast period.
  • Asia Pacific is the fastest growing region in medical packaging market with China, Japan, and India being the key markets in the region. The medical device market for APAC is expected to witness the fastest CAGR growth during the forecast period, which is expected to propel the growth of medical packaging market. In terms of packaging by material, Polymer held the major share in the medical device market in this region in 2016.

Key players in the Medical Packaging Market:

Some of the major players operating the global medical packaging market include E. I. du Pont de Nemours and Company (U.S), Riverside Medical Packaging Company Ltd. (U.K.), Constantia Flexibles Group GmbH (Austria), Avery Dennison Corporation (U.S.), Amcor Limited (Australia), Placon Corporation (U.S.), 3M Company (U.S.), Wipak Group (Germany), West Pharmaceutical Services, Inc. (U.S.), Bemis Company (U.S.), and SteriPack Ltd. (Ireland).

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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