North America Medical Devices Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.5 Billion |
| Market Size (2029) | USD 19.36 Billion |
| CAGR (2024 - 2029) | 4.54 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Medical Devices Packaging Market Analysis
The NA Medical Devices Packaging Market size is estimated at USD 15.5 billion in 2024, and is expected to reach USD 19.36 billion by 2029, growing at a CAGR of 4.54% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 1.47 million tonnes in 2024 to 1.82 million tonnes by 2029, at a CAGR of 4.34% during the forecast period (2024-2029).
The medical technology sector stands out as a beacon of success in United States manufacturing, blending swift innovation with precise product development and global distribution. Offerings span cutting-edge tools like nanotechnology and advanced imaging to everyday essentials like bandages and thermometers.
The rising prevalence of eye conditions like cataracts, glaucoma, and age-related macular degeneration fuels the demand for ophthalmic products. Consequently, there is a growing need for specialized packaging to ensure the safety and efficacy of these products.
Additionally, the increase in cosmetic surgical procedures in the United States contributes to the rising demand for medical device packaging. As more individuals opt for cosmetic enhancements, the need for packaging solutions that cater to these specialized devices grows.
- The rising number of surgeries in North America is driving a significant increase in the demand for medical device packaging products. As the volume of elective and non-elective procedures increases, there is a corresponding need for high-quality packaging solutions to ensure the sterility and safety of surgical instruments. This trend is particularly noticeable among older adults, who are not catching up on elective procedures like hip and knee replacements that were postponed during the pandemic. The pent-up demand for elective procedures will likely continue fueling growth for medical device manufacturers, especially those producing automated equipment.
- The medical device packaging sector is experiencing a surge in growth, primarily fueled by the escalating demand for single-use medical devices. This heightened demand directly responds to the growing emphasis on infection control, with single-use devices significantly mitigating the risk of cross-contamination among patients. As healthcare institutions increasingly prioritize patient safety, the necessity for dependable, sterile packaging solutions has risen sharply, catalyzing a pronounced expansion within the packaging industry.
- The cost of packaging materials is a significant component of overall expenses. Opting for the right materials is paramount to safeguarding the integrity of medical devices. Common options range from plastics, glass, and aluminum to Tyvek and paper-based materials, each with distinct pros and cons based on the product's requirements. Technological advancements have ushered in diverse packaging solutions, including blister packs, ready-to-use packaging, and trays. While these innovations promise enhanced safety, they often necessitate specialized equipment or processes, potentially elevating costs.
North America Medical Devices Packaging Market Trends
Ophthalmic Goods Segment Holds Major Market Share
- Ophthalmic equipment is a specialized segment of the medical device industry. It focuses on developing, distributing, and marketing devices for diagnosing, treating, and monitoring various eye-related conditions. North American Native individuals exhibit a higher prevalence of ophthalmic conditions than the rest of the world White individuals. These findings point to poorer eye health and a greater unmet need for eye care.
- As per the United States Centers for Disease Control and Prevention, Age-related macular degeneration (AMD) affects approximately 1.8 million Americans aged 40 and above. Notably, AMD stands as the primary contributor to sustained reading and vision challenges in the 65 and older demographic.
- With a surge in eye diseases, expanding ophthalmic product exports, increased R&D investments, and stringent packaging regulations, North America has cemented its position as the leading player in the global ophthalmic packaging market. The market is witnessing solid growth with constant launches by key global players.
- Moreover, Canada is witnessing a robust surge in ophthalmic interventions. According to the Conference Board of Canada, not only is the frequency of these interventions on the rise but the number of individuals undergoing at least one ophthalmic procedure is set to double in the upcoming decades.
Mexico is Expected to Witness Major Growth
- Mexico's medical device market prioritizes innovative, high-quality technologies that offer robust healthcare outcomes. Products that strike a balance between advancement and cost-effectiveness are poised for success. Demand is particularly high for medical devices in preventative care, diagnostic imaging, dental products, patient aids, orthopedics, and prosthetics. Bolstered by rising health expenditures and a penchant for adopting new technologies, Mexico stands out as a key player in the America’s medical device market.
- According to the International Trade Administration, US Department of Commerce, November 2023 publication, Mexico's production and export of medical devices, equipment, and instruments have been increasing in the past year since the 2020 post-pandemic period. As per the report, domestic production increased from USD 16.80 billion in 2020 to USD 17.31 billion in 2023. On the other hand, the export of medical instruments surged to USD 7.33 billion, up from USD 5.93 billion in 2020.
- Therefore, this constant increase in the medical device production and export trend is expected to be witnessed in the forecast period, positively impacting the demand for medical device packaging production across the country at the time of production and transport.
- The aging population has created a dependent market for the medical devices industry, as there is a growing demand for home care solutions among the elderly. Advances in medical device packaging have significantly broadened the scope of treatable conditions in a home care environment.
- According to World Bank data published in May 2024, the share of the 65+aged population in Mexico rose from 7.42% in 2017 to 8.32% in 2022. This growth depicts a constant dependency on medical devices across the market.
North America Medical Devices Packaging Industry Overview
North America’s Medical Devices packaging market is Semiconsloidated; Established brands are typically associated with strong performance, giving them a competitive edge. Furthermore, significant investments raise the exit barriers for current players, driving the industry toward heightened competition. Vendors are also bolstering their technological capacities, further intensifying market rivalry. Some of the major players operating in the region include Sonoco TEQ (Sonoco Products Company), Berry Global Inc., Brentwood Industries Inc., Spectrum Plastics Group (a DuPont business), and 3M Company.
- May 2024: 3M Company unveiled a USD 67 million expansion at its Nebraska safety protective gear plant. This installation of new production lines and process equipment will generate 40 job opportunities. Additionally, it disclosed plans to erect a 50,000-square-foot warehouse, currently under construction and slated for completion next year, as per an email to Manufacturing Dive.
- February 2024: Spectrum Plastics Group announced the expansion of its Costa Rica manufacturing site. Spectrum, operating from its manufacturing hub in Heredia, Costa Rica, specializes in supplying medical packaging tubing and assemblies to its Latin American clientele. To bolster its capabilities and enhance service efficiency, Spectrum is set to enlarge its Heredia facility from 36,000 to 52,000 square feet.
North America Medical Devices Packaging Market Leaders
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Sonoco TEQ (Sonoco Products Company)
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Berry Global Inc.
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Brentwood Industries Inc.
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Spectrum Plastics Group. (a DuPont business)
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3M Company
*Disclaimer: Major Players sorted in no particular order
North America Medical Devices Packaging Market News
- April 2024: 3M finalized the spin-off of its healthcare division, officially establishing Solventum Corporation as an independent entity. This move positions both companies to independently pursue their growth strategies and allocate capital, setting the stage for innovation and value creation for their stakeholders.
- February 2024: CNG unveils an extension to its Titanium 5™ Stretch Hood film range, introducing the Titanium 5P. This new variant integrates 20% post-consumer recycled content (PCR). Rigorously road-tested, the Titanium 5P™ not only matches but often surpasses the performance of conventional films while championing environmental sustainability.
North America 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 Ecosystem Analysis - Suppliers, Material Manufacturers, etc.
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.4 Industry Standards and Regulations for Medical Device Packaging (On the Basis of Class)
4.5 Raw Material Analysis and Material Considerations for Medical Device Packaging
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Demand for Surgical Instruments, Appliances, and Supplies Owing to Rising Number of Surgeries Creates Uptick in Medical Device Packaging Products
5.1.2 Increasing Adoption of Single-use Medical Equipment Due to Rise in Awareness About Infection is Driving Innovations in Medical Device Packaging
5.2 Market Restraints
5.2.1 Increasing Medical Device Packaging Cost Influences Market Growth
5.2.2 Operational Challenges
5.3 Key Innovations and Developments in the Medical Device Packaging Industry
5.4 Production Technologies for Plastic-based Medical Device Packaging
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Sterile Packaging
6.1.1.1 Thermoform Trays
6.1.1.2 Sterile Bottles and Containers
6.1.1.3 Pouches and Bags
6.1.1.4 Wraps and Films
6.1.1.5 Other Sterile Packaging
6.1.2 Non-sterile Packaging
6.1.2.1 Paperboard boxes
6.1.2.2 Plastic Trays
6.1.2.3 Shrink and Stretch Films
6.1.2.4 Bubble Wraps
6.1.2.5 Other Non-sterile Packaging
6.2 By Material Type
6.2.1 Plastic
6.2.2 Paper and Paperboard
6.2.3 Other Material Type
6.3 By Application
6.3.1 Diagnostic Substances
6.3.2 Surgical and Medical Instruments
6.3.3 Surgical Appliances and Supplies
6.3.4 Dental Equipment and Supplies
6.3.5 Ophthalmic Goods
6.3.6 Other Applications
6.4 By Country
6.4.1 United States
6.4.2 Canada
6.4.3 Mexico
7. MEDICAL DEVICE PACKAGING TRAYS - DEMAND AND SUPPLY LANDSCAPE
7.1 Current Market Outlook for Rigid Trays and Trends
7.2 Key Material and Tray Types
7.3 Key Drivers and Challenges for Demand for Rigid Trays in North America
7.4 Demand Estimates for Sterile and Non-sterile Medical Trays in North America
7.5 Future Market Outlook
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles*
8.1.1 Sonoco TEQ (Sonoco Products Company)
8.1.2 Berry Global Inc.
8.1.3 Brentwood Industries Inc.
8.1.4 Spectrum Plastics Group. (a DuPont business)
8.1.5 3M Company
8.1.6 Technipaq Group
8.1.7 Charter Next Generation
8.1.8 Beacon Converters Inc.
8.1.9 Eagle Flexible Packaging
8.1.10 Paxxus Inc.
8.1.11 ProAmpac LLC
8.1.12 Dordan Manufacturing Company Inc.
8.2 List of Major Medical Device Manufacturers in North America and Their Product Offerings
8.3 Heat Map Analysis - Key Players Profiled as part of 'Company Profiles'
8.4 Company Categorization Analysis - Emerging vs. Established Companies
9. INVESTMENT OUTLOOK
10. FUTURE OUTLOOK OF THE MARKET
North America Medical Devices Packaging Industry Segmentation
Medical device packaging is a packaging solution used to pack and protect any instrument, apparatus, implement, machine, appliance, implant, reagent, or other similar or related article intended by the manufacturer to be used alone or in combination for a medical purpose.
North America’s medical devices packaging market is segmented by product type (sterile packaging [thermoform trays, sterile bottles and containers, pouches and bags, wraps and films, and other sterile packaging], non-sterile packaging [paperboard boxes, plastic trays, shrink and stretch films, bubble wraps, and other non-sterile packaging], material type (plastic, paper and paperboard, and other material types), application (diagnostic substances, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, ophthalmic goods, other applications), country (United States, Canada, and Mexico). The report offers market forecasts and size in value (USD) and volume (tonnes) for all the above segments.
| By Product Type | |||||||
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| By Material Type | |
| Plastic | |
| Paper and Paperboard | |
| Other Material Type |
| By Application | |
| Diagnostic Substances | |
| Surgical and Medical Instruments | |
| Surgical Appliances and Supplies | |
| Dental Equipment and Supplies | |
| Ophthalmic Goods | |
| Other Applications |
| By Country | |
| United States | |
| Canada | |
| Mexico |
North America Medical Devices Packaging Market Research FAQs
How big is the North America Medical Devices Packaging Market?
The North America Medical Devices Packaging Market size is expected to reach USD 15.5 billion in 2024 and grow at a CAGR of 4.54% to reach USD 19.36 billion by 2029.
What is the current North America Medical Devices Packaging Market size?
In 2024, the North America Medical Devices Packaging Market size is expected to reach USD 15.5 billion.
Who are the key players in North America Medical Devices Packaging Market?
Sonoco TEQ (Sonoco Products Company), Berry Global Inc., Brentwood Industries Inc., Spectrum Plastics Group. (a DuPont business) and 3M Company are the major companies operating in the North America Medical Devices Packaging Market.
What years does this North America Medical Devices Packaging Market cover, and what was the market size in 2023?
In 2023, the North America Medical Devices Packaging Market size was estimated at USD 14.80 billion. The report covers the North America Medical Devices Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Medical Devices Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Medical Devices Packaging Industry Report
Statistics for the 2024 NA Medical Devices Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA Medical Devices Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
