The global medical device secondary packaging market is expected to be worth US$ 12,409.8 million in 2023, rising to US$ 20,914 million by 2033. The adoption of medical device secondary packaging is expected to surge at a stable CAGR of 6.1% over the forecast period.
While the adoption of medical device secondary packaging is expected to experience significant growth, manufacturers are also facing several challenges. One of the prominent challenges is meeting stringent regulations and compliance requirements to ensure the safety and integrity of medical devices.
Rising awareness about the importance of proper packaging in extending the shelf life of medical devices is also driving demand.
Another challenge is ensuring the compatibility of packaging materials with medical devices to avoid any damage. Managing costs while maintaining high standards of quality is also a significant challenge for manufacturers as they strive to produce packaging solutions at a competitive price while meeting industry standards.
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Drivers:
- Growing Medical Device Industry: The expansion of the medical device industry, driven by technological advancements and an aging population, fuels the demand for secondary packaging solutions to protect and preserve these products.
- Stringent Regulations: Strict regulatory requirements for medical device packaging to ensure product safety and compliance with labeling standards drive the adoption of advanced secondary packaging solutions.
- Patient Safety: Ensuring the safety and sterility of medical devices during storage and transportation is a top priority, driving the need for secure and tamper-evident secondary packaging.
- Customization and Branding: The need for product differentiation and branding in the medical device sector encourages the use of innovative and customized secondary packaging.
- E-commerce and Direct-to-Patient Delivery: The rise of e-commerce in the healthcare sector requires secure secondary packaging for direct-to-patient deliveries, enhancing convenience and accessibility.
- Biocompatibility and Sterility: Medical devices often require specialized packaging materials to maintain sterility and biocompatibility, driving the need for tailored secondary packaging solutions.
Restraints:
- Cost Constraints: Developing and implementing advanced secondary packaging solutions can be expensive, and cost constraints may limit their adoption, especially among smaller medical device manufacturers.
- Environmental Concerns: The healthcare industry faces growing pressure to reduce plastic waste and improve sustainability, which can be a challenge for secondary packaging materials.
- Counterfeiting and Tampering: While regulations drive tamper-evident packaging, counterfeit prevention measures can increase packaging complexity and costs.
- Supply Chain Challenges: Global supply chain disruptions, such as those seen during the COVID-19 pandemic, can impact the availability and delivery of secondary packaging materials.
- Space Limitations: Limited space in healthcare facilities and storage areas can restrict the use of bulky secondary packaging, especially for high-volume medical devices.
- Packaging Waste: The medical device industry generates substantial packaging waste, and managing the disposal and recycling of secondary packaging materials can be a concern.
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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.
Key Players
- 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
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.
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