Medical Devices Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 31.12 Billion |
| Market Size (2029) | USD 44.48 Billion |
| CAGR (2024 - 2029) | 6.13 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Devices Packaging Market Analysis
The Medical Devices Packaging Market size is estimated at USD 31.12 billion in 2024, and is expected to reach USD 44.48 billion by 2029, growing at a CAGR of 6.13% during the forecast period (2024-2029).
The medical industry has evolved from its traditional practices to its current position, where high-tech equipment and devices are deployed to improve efficiency. These developments have provided scope for extending medical appliances and other medical devices, driving the market's growth.
Medical device packaging plays a vital role in assuring the security and safety of devices throughout their shelf life in the market. It serves as a means to communicate important information, protect humans and the environment, and maintain the integrity of the devices. Packaging for medical devices should be carefully designed and produced using traceable and well-known materials that possess specific features to meet the stringent requirements of the healthcare industry.
The market for medical device packaging is anticipated to experience significant growth due to various factors. The rapid increase in chronic disease prevalence and healthcare spending contribute to expanding the market. As healthcare facilities seek to provide high-quality care, they require rigorous packaging materials that meet the standards of medical supply packaging. This emphasis on quality and safety fuels the growth of the medical device packaging market.
Medical device packaging provides sterility for the contents within, which must be preserved until the package is opened. The interfering procedures involve contact between a medical device and a patient's sterile tissue or mucous membranes. A significant risk includes the introduction of pathogenic microbes that could cause an infection. Failure to disinfect or sterilize medical equipment carries a risk associated with a breach of the host barriers. Therefore, the level of disinfection or sterilization for the object's intended use is an essential aspect of the usage of medical devices.
With the need for sterile instruments expanding rapidly, the market is being driven by the rising number of hospitals, therapeutic equipment manufacturers, and diagnostic centers. Manufacturers must address the changes through constant innovations in packaging designs with changing end-user requirements and innovations in medical devices. The growing market for tamper-proof sterile packaged products is pushing technological advancements in the medical device packaging market.
Moreover, according to a study by Medtronic in January 2024, the AI revolution in healthcare is underway. In the future, generative AI devices will help healthcare professionals to perform their jobs better and faster. By performing mundane tasks that consume healthcare professionals’ time, AI can help address chronic staffing problems at hospitals. Likewise, it will continue to aid in analyzing more diseases, primarily through advanced imaging.
The industry is strictly regulated globally to guarantee the safety of products from contamination and tampering and to ensure that vital information regarding usage, manufacturing, and other details is accurately presented. However, the dynamic nature of packaging regulations makes it challenging for the manufacturers in the industry.
Medical Devices Packaging Market Trends
The Growing Adoption of Medical Devices is Helping Drive the Use of Packaging
- The demand for medical devices is rising due to several factors. These include quicker market approval processes, enhanced quality and cost-effectiveness of clinical research, and the increasing prevalence of chronic diseases and associated risk factors. Moreover, the global population is driving the need for healthcare products, including diagnostic equipment, rehabilitation tools, technical aids, and hygiene devices.
- The rise in demand for healthcare devices has led to an increased need for the packaging materials that accompany them. Significant technological advancements are evident in the packaging of medical devices, encompassing implantable devices, medical imaging devices, home healthcare products, and supercomputing devices.
- Pouches are widely used for small- to medium-sized soft and semi-soft medical goods sold in unit quantities and are not vulnerable to damage during shipment and storage. Poches are specifically used for carrying intravenous (IV) catheters, IV administration sets, dialysis disconnect caps, wound dressings, small surgical instruments, sutures, dental supplies, and more.
- Manufacturers within the sterile medical packaging industry are introducing a pouch stock initiative tailored for medical device packaging. For instance, in March 2024, Winpak launched its WINSPEED Pouch Stock Program, tailored to streamline and hasten the packaging procedures for medical device manufacturers across North America. This initiative offers prompt availability to premium pre-stocked medical pouches, empowering clients to reduce wait times and fast-track product advancement.
- In 2023, the National Medical Products Administration (NMPA) received a total of 13,260 applications for initial registrations, registration renewals, and changes in licensing items of class III (domestic and overseas) and class II (overseas) medical devices in China. This signifies a 25.4% surge compared to 2022. Among the 13,260 applications received, the NMPA approved 12,213 278 more approvals than the previous year. The increase in registrations and approvals of class 3 and class 2 medical devices in China can drive the demand for specialized and compliant packaging solutions to ensure product safety and regulatory compliance, thus expanding the medical device packaging market in the country.
North America is Expected to Hold Significant Share
- The United States and Canada are developed countries with booming economies, aging populations, and advanced medical delivery systems. Still, the countries vary measurably in population size, healthcare spending intensities, aggregate gross domestic product (GDP) levels, and the structure of health insurance plans. With a highly developed primary medical sector, robust medical and life science research efforts, and a thriving healthcare industry, the United States is a prominent market for medical devices and associated packaging products.
- The medical device packaging market in North America is characterized by stringent regulatory standards, driving innovation and adoption of advanced packaging technologies. Companies focus on developing solutions that ensure product integrity, sterility, and compliance with regulatory requirements, such as FDA regulations in the United States and Health Canada regulations. With a diverse landscape of medical device manufacturers and a growing emphasis on sustainability, the region presents opportunities for packaging firms to offer eco-friendly solutions, maintaining product safety and efficacy standards.
- Additionally, the competitive landscape in North America fosters continuous improvement in packaging materials and designs to meet evolving market demands for efficiency and cost-effectiveness. The region's robust healthcare infrastructure and emphasis on quality assurance further elevate the importance of packaging solutions in safeguarding medical device efficacy and patient safety.
- The rising trend of using advanced and sustainable sterile packaging products in healthcare may boost market growth. For instance, in September 2023, Pacur, a United States-based packaging company, announced using Eastman’s Easter Renew 6763 to produce thermoformed, rigid, sterile barrier packaging, enabling progress toward a circular economy.
- As per the Canadian Institute for Health Information (CIHI), in 2023, healthcare expenditure in Canada amounted to USD 254.66 million. The substantial health expenditure in Canada could drive demand for medical devices, which can impact the packaging market by requiring specialized solutions to ensure product safety while complying with regulations. This trend underscores the importance of packaging firms offering innovative, compliant, and efficient solutions tailored to the evolving needs of the Canadian medical device market.
Medical Devices Packaging Industry Overview
The medical device packaging market is fragmented. The major players have used strategies such as new product launches, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market, increasing the rivalry in the market. Key players in the market include Amcor PLC, Wipak Group, Berry, DuPont Company Inc., and Berry Plastics Pvt Ltd.
- In November 2023, Amcor announced the launch of the next generation of its Medical Laminates solutions. Amcor’s latest innovation enables the development of an all-film packaging that is recyclable in the polyethylene stream. The new solution decreases the final package's carbon footprint while upholding the device application's performance standards, enabling medical companies to progress their sustainability goals without compromising patient safety.
- In October 2023, Sonoco Products Company and Dyecor Limited, a privately held company in the United Kingdom, collaborated to develop and commercialize new packaging technology for North America and Europe. The joint venture, owned 50.1% by Sonoco and 49.9% by Dyecor, will initially focus on a line of shipping containers for medical samples developed by the two companies. This new product line and other potential usages of these technologies can be the cornerstone of additional opportunities in the growing medical packaging market.
Medical Devices Packaging Market Leaders
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Amcor PLC
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Wipak Group
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Berry Plastics Pvt. Ltd.
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DuPont Company
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WestRock Company
*Disclaimer: Major Players sorted in no particular order
Medical Devices Packaging Market News
- April 2024: STERIS Life Sciences launched Verafit Sterilization Bags that are in line with recently updated EU GMP Annex 1 compliance. The distinctive design assists biopharmaceutical producers in meeting the most recent EU GMP Annex 1 standards for verifying dryness during the sterilization cycle validation. This improvement contributes to the general quality of the firm's sterilization bags and wraps, offering a user-friendly, reliable approach to packaging items while preserving sterility.
- January 2024: Global microbiology solution expert Cherwell announced the launch of the groundbreaking Redipor Beta Bag. This innovative plastic bag for multiple uses has the potential to decrease risk, expenses, and time involved in environmental monitoring (EM) procedures while continuously manufacturing sterile medicinal products. The recently introduced transfer bags have been thoroughly validated and are designed to work seamlessly with 190 mm Getinge Alpha Ports, commonly found in isolators and RABS systems. This ensures a contamination-free transfer of creditor-plated media, allowing for efficient production and a notable decrease in risk.
Medical Devices Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Longer Shelf-life Packaging Products
5.1.2 Growing Innovations in the Medical Devices
5.2 Market Restraints
5.2.1 Stringent Government Regulations in Developed Countries
6. MARKET SEGMENTATION
6.1 By Material
6.1.1 Plastic
6.1.2 Paper and Paper Board
6.1.3 Others Materials
6.2 By Product
6.2.1 Pouches and Bags
6.2.2 Trays
6.2.3 Boxes
6.2.4 Clam Shells
6.2.5 Other Products
6.3 By Application
6.3.1 Sterile Packaging
6.3.2 Non-sterile Packaging
6.4 By Geography***
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
6.4.2.4 Italy
6.4.3 Asia-Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 Australia and New Zealand
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.5 Middle East and Africa
6.4.5.1 United Arab Emirates
6.4.5.2 South Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Amcor PLC
7.1.2 Berry Plastics Pvt. Ltd
7.1.3 DuPont Company
7.1.4 WestRock Company
7.1.5 Mitsubishi Chemical Holdings
7.1.6 Sonoco Products Company
7.1.7 Technipaq Inc.
7.1.8 SteriPack Group
7.1.9 Riverside Medical Packaging Company Ltd
7.1.10 Wipak Group
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Medical Devices Packaging Industry Segmentation
The study tracks the demand for major medical device packaging products, such as pouches, bags, trays, boxes, clamshells, and other products. The pricing for the raw material, that is, plastic, paper, and paperboard, is taken into consideration along with the consumption, import, and export trends, as well as average prices to arrive at the market revenue.
The medical devices packaging market is segmented by material type (plastic, paper and paper boards, and other material types), product type (pouches and bags, trays, boxes, clam shells, and other products), application (sterile packaging and non-sterile packaging), geography(North America [United States and Canada], Europe [United Kingdom, Germany, France, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], Latin America [Brazil, Argentina, and Rest of Latin America], Middle East, and Africa [United Arab Emirates, South Africa, and Rest of Middle East and Africa]). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Material | |
| Plastic | |
| Paper and Paper Board | |
| Others Materials |
| By Product | |
| Pouches and Bags | |
| Trays | |
| Boxes | |
| Clam Shells | |
| Other Products |
| By Application | |
| Sterile Packaging | |
| Non-sterile Packaging |
| By Geography*** | ||||||
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Medical Devices Packaging Market Research Faqs
How big is the Medical Devices Packaging Market?
The Medical Devices Packaging Market size is expected to reach USD 31.12 billion in 2024 and grow at a CAGR of 6.13% to reach USD 44.48 billion by 2029.
What is the current Medical Devices Packaging Market size?
In 2024, the Medical Devices Packaging Market size is expected to reach USD 31.12 billion.
Who are the key players in Medical Devices Packaging Market?
Amcor PLC, Wipak Group, Berry Plastics Pvt. Ltd., DuPont Company and WestRock Company are the major companies operating in the Medical Devices Packaging Market.
Which is the fastest growing region in Medical Devices Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Devices Packaging Market?
In 2024, the North America accounts for the largest market share in Medical Devices Packaging Market.
What years does this Medical Devices Packaging Market cover, and what was the market size in 2023?
In 2023, the Medical Devices Packaging Market size was estimated at USD 29.21 billion. The report covers the Medical Devices Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Devices Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Devices Packaging Industry Report
Statistics for the 2024 Medical Devices Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Devices Packaging analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
