OverviewThe recent report by Market Research Future (MRFR) asserts that the global Medical Device Packaging Pouches Market 2020 is slated to acquire a substantial market valuation of USD 30 billion by 2022 at a moderate 6% CAGR over the review period.
Competitive Landscape
The top market players identified by MRFR in the global Medical Device Packaging Pouches Market are Bemis Company Inc, Chesapeake Limited, Amcor Limited, Klöckner Pentaplast Group, 3M Company, E. I. du Pont de Nemours and Company, Mitsubishi Chemical Holdings Corporation, WestRock Company, and Oliver-Tolas, among others.
Segmentation
The segment analysis of the global market for medical devices packaging market has been conducted on the basis of material, and product. The Medical Device Packaging Pouches Market on the basis of material is segmented into plastic, paper & paperboard, and others. The plastic segment is anticipated to lead the market share over the review period, owing to the superior properties of plastic that make it ideal for shipping and storing sophisticated devices, drugs and other medical devices. The market for medical devices market on the basis of the product has been segmented into pouches, trays, bags, clamshell packs, and others.
Regional Overview
The geographical overview of the global [FURL=https://www.marketresearchfuture.com/reports/medical-device-packaging-market-1934]Medical Device Packaging Pouches[/FURL] Market has been conducted in four major regions, namely the Asia Pacific, Europe, North America, and lastly, the rest of the world (comprising Latin America and the Middle East and Africa).
The medical devices packaging market in Europe is expected to expand significantly over the forecast period, owing to the high susceptibility of government regulations and the growing demand of rehabilitation products, diagnostic equipment, hygiene devices. Moreover, the advent of European packaging standards for terminally sterilized medical devices is likely to contribute substantially to the market share over the review period.
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Industry News
October 2019: Specialty chemical company Clariant sold its healthcare packaging business to private equity firm Arsenal Capital Partners, which renamed the company Airnov Healthcare Packaging, which specializes in manufacturing packaging products for diagnostic, pharmaceutical, and nutraceutical sectors .