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Medical Device Packaging Market in Europe by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44227
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The medical device packaging market in Europe share is expected to increase by USD 3.68 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9%.

This medical device packaging market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the medical device packaging market in Europe segmentation by product (pouches, trays, clamshells, and other products) and geography (Western Europe and Eastern Europe). The medical device packaging market in Europe report also offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, KP Holding GmbH & Co. KG, Oliver Healthcare Packaging Co., RENOLIT SE, Sonoco Products Co., and Wipak Group among others.

What will the Medical Device Packaging Market In Europe Size be During the Forecast Period?

Medical Device Packaging Market in Europe Size

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Medical Device Packaging Market In Europe: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growth of the medical device market in Europe is notably driving the medical device packaging market in Europe growth, although factors such as replacement of old equipment and sterilization challenges in the medical device packaging market in Europe may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical device packaging market in the Europe industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Device Packaging Market In Europe Driver

The growth of the medical device market in Europe is a major driver fueling the medical device packaging market growth in Europe.  Factors such as rapid market approval processes and the quality and cost-effectiveness of its clinical research are attracting medical device companies to expand their market penetration in advanced European countries such as Germany. The average expenditure on bringing a medical device to the market in Germany is nearly one-eighth of the cost of that in the US. Also, the growth rate of the geriatric population is very high in Europe. According to the World Economic Forum, after Japan, European countries such as Italy, Germany, Sweden, Greece, and the Channel Islands of the UK have the highest percentages of people above 60 years of age. The prevalence of chronic diseases and other risk factors such as diabetes, hypertension, smoking, and obesity is significantly increasing due to the growing geriatric population. This is driving the demand for healthcare products, including medical devices, in Europe. The growth of the medical device market can also be attributed to the increase in the number of shipments of medical devices, which translates to a greater need for packaging materials. Thus, the growth of the medical device market in the region will drive the medical device packaging market in Europe during the forecast period.

Key Medical Device Packaging Market In Europe Trend

Growing demand for flexible packaging solutions is a major trend influencing the medical device packaging market growth in Europe. The increase in demand for flexible packaging solutions for medical disposable devices or equipment will drive the medical device packaging market in Europe. Medical disposable devices and equipment include products such as gloves, catheters, syringes, injections, plasters, scalpels, and insulin pens. These medical devices and equipment are packaged using easy-to-open flexible plastic packaging solutions such as thin films or pouches. Flexible packaging is lightweight in nature and reduces the storage space in the warehouse and during transportation. In Europe, the disposable medical device packaging market is expected to witness a CAGR of 3.5%-4.2% during the forecast period. The growth in demand for flexible packaging solutions will drive the medical device packaging market in Europe. 

Key Medical Device Packaging Market In Europe Challenge

Replacement of old equipment and sterilization challenges is a major hindrance to the medical device packaging market growth in Europe. Manufacturers of medical devices are very sensitive to the fact that the package must be durable enough to prevent damage to an expensive medical device as well as be able to withstand the effects of sterilization without degradation of the package. End-users in a hospital setting like to see and inspect the product through a clear rigid package before opening it. Furthermore, combination medical devices demand high-performance packaging to ensure the sterility as well as the shelf life of the product. The packaging system needs to provide a barrier against moisture, light as well as oxygen in order to maintain the stability and efficacy of the Active Pharmaceutical Ingredients (API). Also, the pack needs to be suitable for sterilization in order to deliver the device sterile at the point of use. These two opposing but critical requirements of breathability for sterilization as well as barrier pose a real challenge for packaging design. Hence, the major challenge here is to ensure that the medical devices' packaging lives up to the expectations of manufacturers and is also capable of protecting the final product from any contamination or damage. ? 

This medical device packaging market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the medical device packaging market in Europe as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical device packaging market in Europe during the forecast period.

Who are the Major Medical Device Packaging Market In Europe Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Berry Global Group Inc.
  • Constantia Flexibles Group GmbH
  • DuPont de Nemours Inc.
  • Gerresheimer AG
  • KP Holding GmbH & Co. KG
  • Oliver Healthcare Packaging Co.
  • RENOLIT SE
  • Sonoco Products Co.
  • Wipak Group

 

This statistical study of the medical device packaging market in Europe encompasses successful business strategies deployed by the key vendors. The medical device packaging market in Europe is fragmented and the vendors are deploying growth strategies such as providing products and innovative solutions at competitive prices to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical device packaging market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Medical Device Packaging Market In Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical device packaging market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the metal and glass containers market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Medical Device Packaging Market In Europe?

Medical Device Packaging Market in Europe Share by Geography

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82% of the market's growth will originate from Western Europe during the forecast period. Germany, France, the UK, and Italy are the key markets for medical device packaging in Western Europe. However, the market growth rate in Western Europe will be slower than the growth of the market in Eastern Europe.

The presence of many pharmaceutical and medical device packaging companies will facilitate the medical device packaging market in Europe growth in Western Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Medical Device Packaging Market In Europe?

Medical Device Packaging Market in Europe Share

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The medical device packaging market share growth in Europe in the pouches segment will be significant during the forecast period. The lower cost of pouch packaging than the other types of packaging solutions is driving the pouch packaging segment. Also, the increase in demand for sterilized, single-use products such as disposable balloons, dilation catheters, and syringes packed using pouches is driving the medical device packaging market. The growth of pouch packaging machinery market in Europe grew by approximately 4% during 2017-2021 and is also driving the pouch packaging market for medical device packaging.

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical device packaging market in Europe size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Device Packaging Market In Europe Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 3.68 billion

Market structure

Fragmented

YoY growth (%)

8.20

Regional analysis

Western Europe and Eastern Europe

Performing market contribution

Western Europe at 82%

Key consumer countries

Germany, France, UK, Italy, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, KP Holding GmbH & Co. KG, Oliver Healthcare Packaging Co., RENOLIT SE, Sonoco Products Co., and Wipak Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Medical Device Packaging Market In Europe In Europe Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive medical device packaging market in Europe growth during the next five years
  • Precise estimation of the medical device packaging market in Europe size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the medical device packaging market in Europe industry across Western Europe and Eastern Europe
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of medical device packaging market in Europe vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Pouches - Market size and forecast 2020-2025
    • Trays - Market size and forecast 2020-2025
    • Clamshells - Market size and forecast 2020-2025
    • Other products - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Western Europe - Market size and forecast 2020-2025
      • Eastern Europe - Market size and forecast 2020-2025
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Amcor Plc
      • Berry Global Group Inc.
      • Constantia Flexibles Group GmbH
      • DuPont de Nemours Inc.
      • Gerresheimer AG
      • KP Holding GmbH & Co. KG
      • Oliver Healthcare Packaging Co.
      • RENOLIT SE
      • Sonoco Products Co.
      • Wipak Group

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Medical Device Packaging market growth will increase by $3.68 billion during 2021-2025.
      The medical device packaging market is expected to grow at a CAGR of 8.87% during 2021-2025.
      Technavio has segmented the medical device packaging market by product (Pouches, Trays, Clamshells, and Other products) and geographic (Western Europe and Eastern Europe).
      Amcor Plc, Berry Global Group Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Gerresheimer AG, KP Holding GmbH & Co. KG, Oliver Healthcare Packaging Co., RENOLIT SE, Sonoco Products Co., Wipak Group are a few of the key vendors in the medical device packaging market.
      Western Europe will register the highest growth rate of 81.79% among the other regions. Therefore, the medical device packaging market in Western Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the medical device packaging market growth are:
      • Growth of medical device market in Europe
      • Technological advances in medical device packaging
      The medical device packaging market vendors should focus on grabbing business opportunities from the pouches segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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