DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n7jjs6/global_medical) has announced the addition of the "Global Medical Devices Packaging Market - By Packaging type, Regions and Vendors - Market Trends and Forecasts 2014 - 2020" report to their offering.
The global Medical devices packaging industry market was worth $21.64 billion in 2014 and is projected to reach $30.5 billion by 2020, at a compound annual growth rate of 5.9%.
The growth of Medical devices packaging market is driven directly by its end use industry, i.e., 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 country's/region needs are met by domestic production while generic are shipped.
Medical devices market is growing in North America region and as such the volume sales of medical devices packaging is expected to increase since it is directly related to the sales of end market. But, 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.
Growth by Region:
North America and Western Europe together account for 50% of the market. Moreover, North America is expected to drive the market during the projected period.
Industry Structure and Updates:
Medical devices packaging market is highly fragmented with large number of players manufacturing varieties of packaging products for medical devices across regions. But, on the other hand, the industry is witnessing mergers and acquisitions / consolidation of packaging players in recent times, owing to pressure on the companies to reduce prices.
What the report offers?
The report also provides with a procurement angle to the research along with the market research information of Global Medical Devices Packaging Market. Information includes:
- Supplier Details like - Name, Location, Contact details, Product portfolio, Technologies, End Use Industries, Capacity, and Insights
- Sourcing Options
- - Information on top global suppliers who cater to the client's requirement
- - Information on top regional suppliers who cater to the clients requirement (it may include global suppliers as well)
- - Information on local suppliers (it may include global/regional suppliers as well)
- Berry Plastics
- Mitsubishi Chemical Holdings
For more information visit http://www.researchandmarkets.com/research/n7jjs6/global_medical