[149 Pages Report] The overall medical packaging market is expected to grow from USD 35.31 billion in 2016 to USD 50.55 billion by 2022, at a CAGR of 6.29% from 2017 to 2022.
2. Medical Packaging Market worth 50.55 Billion USD by 2022
The report "Medical Packaging Market by Material
(Polymer, Non-woven Fabric, Paper & Paperboard),
Packaging Type (Bags & Pouches, Trays, Boxes),
Application (Medical Equipment & Tools, Medical
Devices, Implants, IVDs), Packing Type, and Region -
Forecast to 2022", The medical packaging market
will grow from USD 35.31 Billion in 2016 to USD
50.55 Billion by 2022, at a compound annual growth
rate (CAGR) of 6.29% from 2017.
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3. Medical Packaging Market worth 50.55 Billion USD by 2022
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86 data tables
31 figures
149 pages and in-depth TOC on “Medical Packaging Market”
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[149 Pages Report] The overall medical packaging market is expected to grow from USD
35.31 billion in 2016 to USD 50.55 billion by 2022, at a CAGR of 6.29% from 2017 to 2022.
Report Price :
Single User License : US $ 5650
Corporate User License : US $ 8150
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4. Medical Packaging Market worth 50.55 Billion USD by 2022
The growing market for implantable devices is a major
driving factor for growth in the medical packaging
market. Growth of the healthcare market will lead to
growth of the medical packaging market. Increase in
healthcare awareness in different regions, especially in
developing ones, boosts the growth of the medical
packaging market. Rise in disposable incomes in
developing countries increases the expenditure on
healthcare facilities.
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5. Medical Packaging Market worth 50.55 Billion USD by 2022
Medical equipment & tools segment to gain maximum
traction during the forecast period
In terms of application, the equipment & tools segment
accounted for the largest share. Medical equipment is
widely used in hospitals globally; it thus accounts for the
largest market share. The devices segment accounted
for the second-largest market share. The high number of
devices used in the medical industry can be attributed to
their dominant share in the packaging market.
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6. Medical Packaging Market worth 50.55 Billion USD by 2022
Bags & pouches segment projected to be the fastest-
growing during the forecast period
On the basis of packaging type, the bags & pouches
segment accounted for the largest share of the market.
This segment is witnessing high growth due to its ease of
packaging and a large number of application areas. Bags
& pouches are easily stored, transported, are
lightweight, and offer easy handling, leading to high
demand from end consumers for polymers and other
materials.
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7. Medical Packaging Market worth 50.55 Billion USD by 2022
North America region constitutes the largest share in
the medical packaging market
North America accounted for the largest market for
medical packaging. This is a developed market due to
the high standard of living of consumers. The U.S.
accounted for the largest country-level market for
medical packaging, globally. The reason for growth is the
technological development and high disposable income
of consumers.
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8. Medical Packaging Market worth 50.55 Billion USD by 2022
The global market for medical packaging is dominated by large
players such as Avery Dennison Corporation (U.S.), 3M Company
(U.S.), E. I. du Pont de Nemours and Company (U.S.), CCL
Industries, Inc. (Canada) , Amcor Limited (Australia), Constantia
Flexibles Group GmbH (Austria), Bemis Company (U.S.) , Sonoco
Products Company (U.S.) , WestRock Company (U.S.). These
players have adopted various strategies to expand their global
presence and increase their market share. Mergers &
acquisitions, expansions, and new product launches are some of
the major strategies adopted by market players to achieve growth
in the medical packaging market.
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9. Contact Us
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Email: sales@marketsandmarkets.com
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