The medical devices secondary packaging market is anticipated to reach a value of US$12,409.8 million in 2023 and US$20,914 million in 2033. Over the forecast period, secondary packaging for medical devices is anticipated to grow at a steady CAGR of 6.1%.
The secondary packaging market for medical devices is expanding significantly as a result of numerous important causes. The demand for medical devices including pacemakers, stents, and replacement joints is rising due to an ageing population and the related growth in chronic diseases. As a result, there is a greater need for appropriate packaging to guarantee the safety and integrity of these items. New medical gadgets have also been created as a result of medical technology advancements, necessitating manufacturers to spend money on packaging options to safeguard their products.
The need for smaller medical devices and suitable packing methods to ensure safe delivery to the surgical site is also being driven by the rising demand for minimally invasive surgical techniques. Governments all over the world are implementing guidelines to safeguard the safety and integrity of the devices, which is increasing demand for secondary packaging for medical devices.
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Demand is also being fueled by a growing understanding of how critical adequate packaging is to extending the shelf life of medical devices.
Although the use of secondary packaging for medical devices is anticipated to rise significantly, manufacturers still face a number of difficulties. Meeting strict rules and compliance standards to guarantee the safety and integrity of medical devices is one of the major issues. Making sure packing materials are compatible with medical devices in order to prevent damage is another difficulty. Manufacturers face a number of challenges as they work to provide packaging solutions at prices that are competitive with the market while upholding high standards of quality.
Key Takeaways from the Medical Device Secondary Packaging Market:
- The paper and paperboard market is predicted to account for US$ 14,293.2 million by 2032 and to grow at a 5.5% CAGR throughout the projection period.
- During the projection period, the plastic segment is expected to offer a growth potential of US$ 6,620.8 million. In 2022, the boxes sector accounted for about 30% of the market. This category is also predicted to rise at a healthy 5.5% CAGR throughout the projection period.
- Folding cartons are expected to represent an incremental potential of US$ 1.9 billion over the projection period and to account for more than 21% of the market by 2032.
- During the projection period, the medical device secondary packaging sector in the United States is expected to exceed US$ 5,067.6 million.
- This German market is predicted to provide a startling additional opportunity of US$ 1,030.4 million, making it an appealing location for both investors and producers.
- By 2032, China’s medical device secondary packaging industry is expected to be worth US$ $1,270.1 million.
Who is Winning?
Product innovation, market expansion into new markets, strategic alliances and collaborations, and acquisitions are common growth tactics employed by the industry’s leading players. Startups in the market are developing innovative technologies to efficiently label medical devices.
Packaging companies may save validation time and eventually create smaller batch sizes that comply with customer specifications by applying the same processes for identical medical devices with a few minor adjustments. The use of NFC and RFID tags in packaging materials is expected to be promoted by counterfeiting, which is a serious problem with medical supplies.
Sonoco Products Company, Smurfit Kappa, Berry Global Group,Inc., Constantia Flexibles Group GmbH, UFP Technologies, Placon Incorporated, Steripack Group, Nelipak Group, Stora Enso Oyj, Winpak Ltd, Graphic Packaging International, LLC,Atlantic Packaging, Pro-tech Design & Manufacturing Inc., Scan Modul B.V., Körber AG, The BoxMaker
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Recent Developments in the Market:
- Ashfield, a subsidiary of UDG Healthcare plc, announced the development of three business divisions in January 2021 to expand and diversify its healthcare capabilities.
- In April 2021, Amcor presented its most recent invention, the New AmSkyTM blister system. This innovation has the potential to revolutionize medical packaging sustainability.
- In April 2020, Amcor’s ULTRA pouches were certified for steam sterilization at 134°C and vaporized hydrogen peroxide treatment. As a result, the pouches may be used to sterilize reusable medical equipment.
Medical Devices Secondary Packaging Market by Category
By Material:
- Paper and Paperboard
- Plastics
By Packaging Format:
- Boxes
- Folding Cartons
- Bags and Pouch
- Trays
- Inserts and Dividers
- Wrapping Films
By End Use:
- Surgical
- Therapeutic
- Diagnostic
By Region:
- North America
- Latin America
- Europe
- South Asia and the Pacific
- East Asia
- The Middle East and Africa
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