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(Medical-NewsWire.com, May 22, 2018 ) According to Publisher, the Global Medical Packaging Market is accounted for $36.94 billion in 2017 and is expected to reach $65.21 billion by 2026 growing at a CAGR of 6.5% during the forecast period. Factors such as the rising population, growing medical awareness especially in developing regions, growth in disposable incomes, increasing expenditure on healthcare facilities and rise in implantable devices are favoring for the market growth. However, changing prices of raw materials is anticipated to hamper the market. Moreover, the growth in sustainable packaging solutions provides huge opportunities over the forecast period.
By application type, medical tools & equipment segment is estimated for the largest share in the market due to its wide applications in hospitals across the globe. These equipments are known as armamentariums which are designed to support diagnosis, monitoring or treatment of medical conditions. The development of new advance featured medical equipment helps a patient to easily recover from their diseases.
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In terms of geography, North America accounted for largest market owing to its high standard of living of consumers, technological advancements and high disposable income of consumers. Also, U.S. accounted for the largest country-level market for medical packaging in this region.
Some of the key players in Medical Packaging Market include E.I. Du Pont De Nemours and Company, Amcor Limited, Avery Dennison Corporation, Constantia Flexibles Group GmbH, Sonoco Products Company, Technipaq Inc., Toppan Printing Co., Ltd., Tekni-Plex, Inc., Thomas Packaging LLC., Steripack Contract Manufacturing, West Pharmaceutical Services, Inc., Bemis Company, CCL Industries Inc., Berry Plastics Corporation, Westrock Company, 3M Company, Wipak Group, Rollprint Packaging Products, Inc, Oliver Healthcare Packaging, Campak Inc.
Materials covered:
- Glass
- Fabric
- Aluminium
- Paper Laminates
- Polystyrene
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride
- Polypropylene
- Polyethylene
Packaging Types covered:
- Flow Wraps
- Trays
- Boxes
- Containers
- Bags & Pouches
- Stick Packs
- Clamshell Blister Packs
- Cartons
End Users covered:
- Contract Packaging
- Medical Device Manufacturing
- Implant Manufacturing
- Pharmaceutical Manufacturing
- Other End Users
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Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o U.K
o Italy
o France
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
- South America
o Argentina
o Brazil
o Chile
o Rest of South America
- Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Rajat Sahni
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Source: EmailWire.Com 
Source: EmailWire.com
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