Medical device packaging market: Europe is estimated to contribute 29% to the growth of the global market during the forecast period- Technavio

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Dec 06, 2022, 10:00 ET

NEW YORK, Dec. 6, 2022 /PRNewswire/ -- The medical device packaging market size is forecast to grow by USD 15.66 billion at a CAGR of 10.16% between 2022 and 2027. Europe is forecast to contribute 29% to the growth of the global medical device packaging market during the forecast period. The increase in healthcare expenditures and the strong presence of established vendors will facilitate the medical device packaging market growth in Europe over the forecast period.

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Technavio has announced its latest market research report titled Global Medical Device Packaging Market 2023-2027

Medical device packagingmarket: Segmentation Analysis

Technavio has segmented the medical device packaging market by product (pouches, trays, clamshells, and other products), application (equipment and tools, in-vitro diagnostic, devices, and implants), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The report provides actionable insights and estimates the contribution of all segments to the growth of the global medical device packaging market.

The pouches segment held the largest share of the market in the base year. The segment is driven by the lower cost of pouch packaging compared to other types of packaging solutions. Also, the increase in demand for sterilized, single-use products such as disposable balloons, dilation catheters, and syringes packed using pouches is driving the growth of the segment. Buy the Report

Key factor driving market growth

The growing adoption of medical devices is one of the factors driving the medical device packaging market growth.
Factors such as rapid market approval processes and rising quality and cost-effectiveness of clinical research are increasing the demand for medical devices such as diagnostic equipment, rehabilitation products, surgery devices, technical aid products, intensive care units, and hygiene devices.
In addition, the growing prevalence of various chronic diseases and risk factors coupled with the expanding geriatric population has increased the demand for healthcare products, including healthcare devices across the world.
The increase in the demand for healthcare devices has created a greater need for packaging materials. This is driving the growth of the global medical device packaging market.

Leading trends influencing the market

Technological advances is one of the key medical device packaging market trends fueling the market growth. The market is observing significant improvements in terms of technology used in the packaging of implantable medical devices, medical imaging devices, home healthcare products, and supercomputing devices. For instance, hermetic packaging is being used in implantable medical devices to protect the implant electronic circuitry against the harsh environment of the human body. This technology is widely used in miniaturized implantable medical devices. Similarly, the market is witnessing the advent of innovative packaging designs and technologies such as temperature-controlled-sterilized containers, compression molding, liquid injection molding, and transfer molding. Such technological advances are expected to have a positive impact on the growth of the global medical device packaging market during the forecast period.

Download the sample to get a holistic overview of the medical device packaging market by industry experts to evaluate and develop growth strategies.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Download a sample report

What are the key data covered in this medical device packaging market report?

CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the medical device packaging market size and contribution of the market in focus to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the industry across Europe, North America, APAC, South America, and the Middle East and Africa.
Thorough analysis of the market's competitive landscape and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of medical device packaging market vendors.

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Related Reports:

The medical packaging films market size is expected to increase by USD 2.02 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.23%. The increased worldwide consumption of drugs is notably driving the medical packaging films market growth, although factors such as risk of counterfeiting in medical packaging may impede the market growth.
The medical device packaging market size in Europe is expected to increase by USD 3.68 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9%. The growth of the medical device market in Europe is notably driving the medical device packaging market in Europe growth, although factors such as replacement of old equipment and sterilization challenges in the medical device packaging market in Europe may impede the market growth.

Medical Device Packaging Market Scope
Report Coverage	Details
Page number	169
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.16%
Market growth 2023-2027	USD 15.66 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	8.86
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 29%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, Glenroy Inc., Healthcare Print and Packaging Ltd., J Pac LLC, KP Holding GmbH and Co. KG, Oliver Healthcare Packaging Co., RENOLIT SE, Riverside Medical Packaging Co. Ltd., Rohrer Corp., rose plastic AG, Sonoco Products Co., West Pharmaceutical Services Inc., Westfield Medical Ltd., WestRock Co., and Wipak Group
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global medical device packaging market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global medical device packaging market 2017 - 2021 ($ billion)

4.2 Product Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

4.3 Application Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments

Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product

Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product

6.3 Pouches - Market size and forecast 2022-2027

Exhibit 34: Chart on Pouches - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Pouches - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Pouches - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Pouches - Year-over-year growth 2022-2027 (%)

6.4 Trays - Market size and forecast 2022-2027

Exhibit 38: Chart on Trays - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Trays - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Trays - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Trays - Year-over-year growth 2022-2027 (%)

6.5 Clamshells - Market size and forecast 2022-2027

Exhibit 42: Chart on Clamshells - Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Clamshells - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Clamshells - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Clamshells - Year-over-year growth 2022-2027 (%)

6.6 Other products - Market size and forecast 2022-2027

Exhibit 46: Chart on Other products - Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on Other products - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on Other products - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Other products - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Product

Exhibit 50: Market opportunity by Product ($ billion)

7 Market Segmentation by Application

7.1 Market segments

Exhibit 51: Chart on Application - Market share 2022-2027 (%)
Exhibit 52: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application

Exhibit 53: Chart on Comparison by Application
Exhibit 54: Data Table on Comparison by Application

7.3 Equipment and tools - Market size and forecast 2022-2027

Exhibit 55: Chart on Equipment and tools - Market size and forecast 2022-2027 ($ billion)
Exhibit 56: Data Table on Equipment and tools - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Chart on Equipment and tools - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Equipment and tools - Year-over-year growth 2022-2027 (%)

7.4 In-vitro diagnostic - Market size and forecast 2022-2027

Exhibit 59: Chart on In-vitro diagnostic - Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on In-vitro diagnostic - Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on In-vitro diagnostic - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on In-vitro diagnostic - Year-over-year growth 2022-2027 (%)

7.5 Devices - Market size and forecast 2022-2027

Exhibit 63: Chart on Devices - Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Devices - Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Devices - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Devices - Year-over-year growth 2022-2027 (%)

7.6 Implants - Market size and forecast 2022-2027

Exhibit 67: Chart on Implants - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on Implants - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on Implants - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Implants - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Application

Exhibit 71: Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 73: Chart on Market share by geography 2022-2027 (%)
Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 75: Chart on Geographic comparison
Exhibit 76: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027

Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027

Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027

Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027

Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027

Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 117: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 118: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 120: Overview on factors of disruption

11.4 Industry risks

Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 122: Vendors covered

12.2 Market positioning of vendors

Exhibit 123: Matrix on vendor position and classification

12.3 Amcor Plc

Exhibit 124: Amcor Plc - Overview
Exhibit 125: Amcor Plc - Business segments
Exhibit 126: Amcor Plc - Key news
Exhibit 127: Amcor Plc - Key offerings
Exhibit 128: Amcor Plc - Segment focus

12.4 Berry Global Group Inc.

Exhibit 129: Berry Global Group Inc. - Overview
Exhibit 130: Berry Global Group Inc. - Business segments
Exhibit 131: Berry Global Group Inc. - Key news
Exhibit 132: Berry Global Group Inc. - Key offerings
Exhibit 133: Berry Global Group Inc. - Segment focus

12.5 Constantia Flexibles Group GmbH

Exhibit 134: Constantia Flexibles Group GmbH - Overview
Exhibit 135: Constantia Flexibles Group GmbH - Product / Service
Exhibit 136: Constantia Flexibles Group GmbH - Key news
Exhibit 137: Constantia Flexibles Group GmbH - Key offerings

12.6 DuPont de Nemours Inc.

Exhibit 138: DuPont de Nemours Inc. - Overview
Exhibit 139: DuPont de Nemours Inc. - Business segments
Exhibit 140: DuPont de Nemours Inc. - Key news
Exhibit 141: DuPont de Nemours Inc. - Key offerings
Exhibit 142: DuPont de Nemours Inc. - Segment focus

12.7 Gerresheimer AG

Exhibit 143: Gerresheimer AG - Overview
Exhibit 144: Gerresheimer AG - Business segments
Exhibit 145: Gerresheimer AG - Key news
Exhibit 146: Gerresheimer AG - Key offerings
Exhibit 147: Gerresheimer AG - Segment focus

12.8 Glenroy Inc.

Exhibit 148: Glenroy Inc. - Overview
Exhibit 149: Glenroy Inc. - Product / Service
Exhibit 150: Glenroy Inc. - Key offerings

12.9 Healthcare Print and Packaging Ltd.

Exhibit 151: Healthcare Print and Packaging Ltd. - Overview
Exhibit 152: Healthcare Print and Packaging Ltd. - Product / Service
Exhibit 153: Healthcare Print and Packaging Ltd. - Key offerings

12.10 J Pac LLC

Exhibit 154: J Pac LLC - Overview
Exhibit 155: J Pac LLC - Product / Service
Exhibit 156: J Pac LLC - Key offerings

12.11 KP Holding GmbH and Co. KG

Exhibit 157: KP Holding GmbH and Co. KG - Overview
Exhibit 158: KP Holding GmbH and Co. KG - Product / Service
Exhibit 159: KP Holding GmbH and Co. KG - Key offerings

12.12 Oliver Healthcare Packaging Co.

Exhibit 160: Oliver Healthcare Packaging Co. - Overview
Exhibit 161: Oliver Healthcare Packaging Co. - Product / Service
Exhibit 162: Oliver Healthcare Packaging Co. - Key offerings

12.13 RENOLIT SE

Exhibit 163: RENOLIT SE - Overview
Exhibit 164: RENOLIT SE - Product / Service
Exhibit 165: RENOLIT SE - Key offerings

12.14 Riverside Medical Packaging Co. Ltd.

Exhibit 166: Riverside Medical Packaging Co. Ltd. - Overview
Exhibit 167: Riverside Medical Packaging Co. Ltd. - Product / Service
Exhibit 168: Riverside Medical Packaging Co. Ltd. - Key offerings

12.15 Rohrer Corp.

Exhibit 169: Rohrer Corp. - Overview
Exhibit 170: Rohrer Corp. - Product / Service
Exhibit 171: Rohrer Corp. - Key offerings

12.16 Sonoco Products Co.

Exhibit 172: Sonoco Products Co. - Overview
Exhibit 173: Sonoco Products Co. - Business segments
Exhibit 174: Sonoco Products Co. - Key offerings
Exhibit 175: Sonoco Products Co. - Segment focus

12.17 Wipak Group

Exhibit 176: Wipak Group - Overview
Exhibit 177: Wipak Group - Business segments
Exhibit 178: Wipak Group - Key offerings
Exhibit 179: Wipak Group - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 182: Currency conversion rates for US$

13.4 Research methodology

Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources

13.5 List of abbreviations

Exhibit 186: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio