Healthcare Packaging Market Size (2024 - 2029)

Healthcare Packaging Market Analysis

The Healthcare Packaging Market size is estimated at USD 119.16 billion in 2024, and is expected to reach USD 156.27 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

• Healthcare packaging includes materials specifically designed to transfer and store healthcare equipment and pharmaceutical drugs safely. These materials are chosen based on the product characteristics to safeguard, identify, and preserve the integrity of the enclosed items. The packaging process protects drugs from external threats like contamination, physical damage, and environmental factors, which could jeopardize their efficacy and safety.
• An increase in surgeries globally is significantly boosting the demand for medical device packaging. With elective and non-elective procedures on the rise, there is a heightened need for premium packaging solutions to ensure the sterility and safety of surgical instruments.
• Furthermore, the surge in cosmetic surgical procedures in the United States is amplifying the demand for medical device packaging. As more individuals seek cosmetic enhancements, the requirement for specialized packaging solutions for these devices intensifies. According to a June 2024 article by the American Society of Plastic Surgeons, plastic surgeries saw a 5% uptick, while minimally invasive procedures rose by 7% in 2023 compared to the prior year. In total, 1.6 million cosmetic surgical procedures and nearly 25.4 million cosmetic minimally invasive procedures were conducted in 2023.
• Heightened emphasis on infection control, driven by the uptick in surgeries, appliances, and instruments, has spurred demand for sterilized packaging in healthcare settings. Such packaging is vital in warding off contaminants that could lead to infections, a concern magnified in surgical settings due to the risk of surgical site infections (SSIs). This pressing need for dependable sterilization has catalyzed the evolution and adoption of advanced packaging materials and technologies, ensuring superior protection and sustained sterility throughout a device’s lifecycle.
• In February 2024, Amcor Group GmbH, based in Oshkosh, Wisconsin, and recognized as one of the world's leading sterile barrier medical packaging facilities, unveiled plans for a major investment in new thermoforming equipment. This strategic decision directly addresses the rising demand in North America. The newly added thermoforming equipment, designated for the facility's Class 7 cleanroom, is anticipated to commence operations by December 2024.
• Additionally, in September 2023, Südpack, a German packaging solutions provider, announced plans to enhance production at its Coulmer facility in France under its medical technology division, Südpack Medica. This expansion will double the cleanroom production area to meet ISO 7 standards, reinforcing Südpack's presence in the pharmaceutical arena. The Coulmer plant is broadening its portfolio to include header bags. These bags, designed for high-volume medical technology products undergoing ethylene oxide sterilization, cater to diverse medical requirements, ranging from syringe nests to surgical sets.

Healthcare Packaging Industry Segmentation

The scope of the study characterizes the healthcare packaging market based on the product type, including bottles and containers, jars, vials and ampoules, and pouches made from raw materials like plastic, glass, paper, or metal catering to the demand for pharmaceutical and medical device applications across different regions. The research also examines underlying growth influencers and significant industry vendors, which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrive at top-down and bottom-up approaches.

The healthcare packaging market is segmented by material (plastic, glass, and other material types (paper and metal)), product type (bottles and containers, vials and ampoules, cartridges and prefilled syringes, pouches and bags, blister packs, tubes, paper board boxes, caps and closures, labels, and other product types), end-user vertical (pharmaceutical and medical devices), and geography (North America (United States and Canada), Europe (United Kingdom, Germany, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and New Zealand, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, and Rest of Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.