Emerging Traceability Technology To Indentify Counterfeits: Medical Device Packaging Market

By Goldstein Market Intelligence || 2018-02-03 2:43:56 AM

Emerging Traceability Technology To Indentify Counterfeits: Medical Device Packaging Market

According to Goldstein Research, “Exponential growth of technologically advanced medical devices is positively impacting growth of packaging solution. Emerging trend of adopting cost-effective and innovative technologies to packaging systems more reliable against any physical damage is fuelling the growth of medical device packaging market in North America region.”

“North America Medical Device Packaging Market Outlook 2024”

North America medical device packaging market is segmented on the basis of packaging type such as bags & pouches, trays, boxes and clamshells. Among these segments pouches are the leading packaging type preferred for medical devices in North America. Cost effective solution and high security assurance in pouches and bags packaging for medical devices is propelling the growth of market in the region. Bags and Pouches packaging for medical devices is anticipated to grow at a CAGR of 6.1% during the forecast period. Multipurpose and multi-compartment trays are growing more in demand as it reduces the risk for human error. Clamshell packaging is expected to grow at a significant rate owing to its high resistance against physical damage and effective storage solution.

Canada is expected to occupy 28% revenue share of North America medical device packaging market in 2024. Canada medical device packaging market valued USD 2.05 and is projected to register healthy growth during the forecast period. Introduction of new and advance medical devices in the region is contributing in the demand for innovative medical device packaging in the North America region.

Ingenuity Pouches: Protection for Medical Devices

Growing demand for flexible packaging for medical devices is penetrating the medical device packaging market. Key market players are using innovative pouches or bags packaging to enhance the protection of medical equipments and tools. Features such as high chemical resistance, transparency, high durability and ability to be converted into molded shape are contributing in the expansion of flexible packaging business for medical devices.

“North America Medical Device Packaging Market Outlook 2024” contains detailed overview of the North America medical device packaging market in terms of market segmentation by packaging type and by application.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

North America medical device packaging market also provides competitive outlook of some of the major players of the North America medical device packaging market which includes profiling of companies such as 3M company, Avery Dennison Corporation, Amcor Limited, CCL Industries, Inc., Sonoco Products Company, WestRock Company, DuPont, Satatuote Oy, Bemis Company, Inc., The Gerresheimer Group, Berry Global, Inc., Biomerics, Pharma Packaging Solutions, Becton Dickinson, Ahlstrom-Munksjö, Associated Health Systems Inc., Avantis Packaging Inc., Atlas ImpEx and Cryopak Verification Technologies Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the North America medical device packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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