DUBLIN--(BUSINESS WIRE)--The "Global Medical Devices Packaging Market - Segmented by Material (Plastic, Paper, Tyvek, Aluminium), Product, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Global medical devices packaging market was valued at USD 25.78 billion in 2017 and is expected to reach a value of USD 37.32 billion by 2023 at a CAGR of 6.02 % over the forecast period 2018-2023.
The expansions and investments in the healthcare industry are expected to develop the production of instruments and other medical appliances, which may further contribute to the growth of the market. Also, the demand for flexible packaging is expected to be on a rise during the forecast period due to its benefits, such as moldability, transparency, durability, and chemical resistance, which will also increase the demand for medical devices packaging.
The rising demand from the consumers for products that have extended shelf life and are easy to use has led companies to develop alternative packaging solutions. Shelf life can be increased by protecting the products from potentially deteriorating agents, such as moisture, oxygen, and microbes.
The medical devices packaging market in Latin America is expected to witness a sustainable growth over the forecast period. The region holds good potential for long-term growth, despite recent setbacks from the financial crisis. Brazil is the biggest economy in Latin America, with high-income levels, along with healthcare infrastructural developments will dominate the region by driving the demand for medical device packaging solutions.
- Amcor Limited
- Bemis Company Inc.
- Berry Plastics Pvt Ltd
- DuPont Company
- WestRock Company
- Albea Group
- Mitsubishi Chemical Holding
- Chesapeake Services Ltd
- Technipaq Inc.
- SteriPack Group Ltd.
Key Topics Covered:
2. Research Approach and Methodology
3. Market Dynamics
4. Market Insights
5. Technology Snapshot
6. Global Medical Devices Packaging Market Segmentation
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of Medical Devices Packaging Market
For more information about this report visit https://www.researchandmarkets.com/research/9kl6zh/global_medical?w=4