North America Medical Device Packaging Market by Application, and Product - Forecast and Analysis 2023-2027

North America Medical Device Packaging Market Forecast 2023-2027

The North America medical device packaging market is projected to reach a value of  USD 11.43 billion with a CAGR of 9.84% between 2022 and 2027. The market thrives on the expanding medical device market and significant healthcare expenditure in the region. With a growing emphasis on smart packaging solutions, the market is witnessing a shift towards innovative packaging technologies. This evolution aligns with the increasing demand for advanced medical technologies, driving the need for efficient and secure packaging solutions across the healthcare sector in North America. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Size

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The market encompasses various packaging materials such as bags, boxes, cans, labels, lidding, glass, aluminum, paper and paperboard, and teak. These materials are utilized for sterile and non-sterile packaging, catering to the needs of pharmaceutical companies and hospitals. With a focus on sustainability, the market also offers sustainable packaging solutions. Additionally, contract packaging services are available to meet specific requirements, including retail packaging needs.

Market Dynamics and Customer Landscape

The market is witnessing significant growth, driven by advancements in surgical equipment and medical imaging technologies. Concerns regarding contamination have led to the development of innovative protective layers and eco-friendly packaging solutions. Specialized options like trays, clamshell packs, and wrap films cater to acute and chronic ailments while addressing environmental concerns. Materials ranging from glass to teak are utilized, ensuring sterile and non-sterile packaging for pharmaceutical companies and hospitals alike. Contract and retail packaging services further enhance the market, emphasizing sustainability and safety in the delivery of medical devices across North America. Our researchers analyzed the market research and growth data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing shift toward smart packaging of medical devices is notably driving market growth analysis. Vendors can increase their value-added growth by using smart packaging. Intelligent packaging has the potential to increase sales by introducing packaging differentiation through printing methods, types and sizes, practicality, and visual features. Another smart idea is to improve customer logistics and supply chain management by developing radiofrequency devices, digital (barcode) reader technologies, temperature and humidity sensors, and customized packaging.

The market in North America is undergoing a revolution due to the introduction of smart packaging for medical equipment. There are now QR codes on the packaging of medical devices that can be scanned to access instructional videos for using the product. The use of these facilitates communication between hardware, software, medical professionals, patients, and manufacturers. Some of the technologies used for these solutions also include radio-frequency identification (RFID) tags, near-field communication (NFC), Bluetooth, sensors, and smartphones. Additionally, many vendors have developed new, creative forms of intelligent medical packaging. Thus, such factors will boost the market in North America during the forecast period.

Significant Market Trends

The growing demand for flexible packaging solutions is an emerging trend in the market growth. Over the past five years, the medical disposable equipment or device market in North America has seen a rise in demand for solutions. This is largely because more hospitals and healthcare facilities are switching from reusable to disposable medical devices in order to prevent infection and cross-contamination. Additionally, flexible packaging materials can be quickly sterilized using a variety of techniques, such as ethylene oxide or gamma irradiation, guaranteeing that medical devices are free from contaminants.

Devices like gloves, catheters, syringes, injections, plasters, scalpels, and insulin pens are examples of medical disposables. These medical equipment and devices are packaged using flexible plastic packaging that is simple to open, like thin films or pouches. Flexible packaging is portable, lightweight, and takes up less space in the warehouse and on the road. Thus, such factors will boost the growth of the market in North America during the forecast period.

Major Market Restraints

Replacement of old equipment and sterilization challenges are the major issues impeding market growth. The requirement that the package be strong enough to prevent damage to an expensive medical device and be able to withstand the effects of sterilization without the package degrading is one that medical device manufacturers take very seriously. End-users prefer to view and examine the product through a clear rigid package before opening it in a hospital setting. Additionally, to guarantee sterility and extend the shelf life of the product, combination medical devices like a prefilled syringe, injector pen, insulin pump, or metered dose inhaler require high-performance packaging.

The stability and effectiveness of the active pharmaceutical ingredient (API) must be maintained by the packaging system, which must offer a barrier against moisture, light, and oxygen. Additionally, the pack must be sterilization-ready in order to deliver the device sterile at the point of use. Designing packaging to meet these two opposing but crucial requirements of barrier and breathability for sterilization is extremely difficult. As demand surges, the competition among pharmaceutical companies is intense, with competitors vying for dominance in the market. This has led to a growing emphasis on meeting customer needs, ensuring availability, and adhering to industry regulations to maintain a strong market position. The industry is continuously evolving, marked by strategic investments and a quest for innovative product types to cater to diverse applications and meet the evolving needs of customers.

Therefore, the main challenge here is to make sure that the meets manufacturers' expectations and is able to shield the finished product from any contamination or harm. Thus, the above-mentioned challenges are likely to hamper the growth of the market during the forecast period.

Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, market growth and forecasting also include key purchase criteria and drivers of price sensitivity and various data points to help companies evaluate and develop their growth strategies.

Customer Landscape

The pharmaceutical industry operates on a global scale, impacting economies, healthcare systems, and people's lives across various countries. In response to the ongoing pandemic outbreak, heightened awareness and increased investment in pharmaceuticals, including the manufacturing of essential drugs, have been witnessed worldwide, with countries like Mexico, Japan, Italy, Germany, Brazil, and France playing significant roles.

Key Players in the Market

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market analysis and report.

Printpack Inc. - The company specializes in the food, beverage, pharmaceutical, and agricultural industries. The key offerings of the company include solutions such as Center Strip Bag.

Technipaq Inc. is a notable player in the domain of pharmaceutical-packaging, offering specialized solutions such as medical flexible-packaging, sterile medical packaging, and customized-packaging for various pharmaceutical products. The company's focus on specialized pharmaceutical-packaging addresses critical threats such as product contamination or damage.

Companies like WestRock Company and Technipaq Inc. are investing in advanced-packaging solutions, emphasizing convenience, package compliance, and product quality. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• 3M Co.
• Amcor Plc
• Aphena Pharma Solutions
• AptarGroup Inc.
• Berry Global Inc.
• CCL Industries Inc.
• Constantia Flexibles Group GmbH
• Clamshell packs
• DuPont de Nemours Inc.
• Glenroy Inc.
• KP Holding GmbH and Co. KG
• Mitsubishi Chemical Group Corp.
• Oliver Healthcare-Packaging Co.
• Placon Corp.
• Plastic Ingenuity
• SCHOTT AG

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Segmentation

This market report extensively covers market segmentation by application (equipment and tools, in-vitro diagnostic, devices, and implants), and product (pouches, trays, clamshells, boxes, and others). The application segment of the market encompasses various critical areas, such as surgical equipment and medical imaging devices. With the demand for protective layers to safeguard sensitive medical instruments, the market is witnessing a surge in eco-friendly and specialized packaging solutions. These solutions include clamshell packs, wrap films, bags, boxes, cans, labels, and lidding materials made from aluminium and paperboard. Sterile packaging is imperative to maintain the integrity of medical devices, while contract packaging services offer tailored solutions to meet specific needs. As the healthcare industry continues to evolve, the demand for innovative and efficient packaging solutions in North America remains on the rise.

By Applications 

The market share growth by the equipment and tools segment will be significant during the forecast period. Medical tool packaging is crucial in ensuring the efficacy and safety of medical equipment and tools. It guards against damage to the equipment during handling, storage, and transportation. Additionally,  acts as a defense against contaminants, moisture, and other environmental elements that might impair the performance of medical tools and equipment.

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The equipment and tools segment was valued at USD 1.58 billion in 2017 and continued to grow until 2021. The rising need for medical tools and equipment, the requirement for thorough sterilization and infection control procedures, and the rules set by regulatory bodies are a few of the reasons behind the rising use. Furthermore, in North America, there is a rising need for medical supplies and tools as a result of the rise in the aging population. Additionally, rapid technological progress is enabling the development of more effective and efficient medical equipment, creating a demand for newer, more sophisticated models. For medical tools and equipment, vendors offer a wide range of options. In order to maintain sterility and provide high levels of protection while adhering to various industry standards and regulations, vendors are also offering a variety of solutions. Therefore, the above-mentioned factors will drive the growth of the market through the equipment and tools segment during the forecast period.

Market Analyst Overview

The market is experiencing significant growth, driven by the increasing demand for surgical equipment and medical imaging solutions to address acute and chronic ailments. Environmental concerns have led to a rising demand for eco-friendly packing solutions, including specialized options like wrap films, bags, cans, labels, and lidding materials made from glass, aluminium, paper, and paperboard. Teak is also emerging as a sustainable packaging material choice. Both sterile packaging and non-sterile packaging solutions are essential, catering to various needs in contract packaging, retail packaging, and Specialized packing solutions. As the market continues to evolve, sustainable packaging practices are becoming increasingly important for the industry's long-term viability and environmental impact mitigation.

The market is witnessing substantial growth, driven by the demand for protective layer solutions and specialized packaging materials in the healthcare sector. Plastic materials play a crucial role in medical manufacturing, providing flexibility and durability for various devices. Pharmaceutical vendors and therapeutic equipment manufacturers rely on smart packing solutions to ensure the integrity and safety of their products. Companies like CleanCut Technologies offer innovative options such as microbial packing and the Vault packaging system to maintain a sterile environment. Additionally, the market addresses challenges like counterfeiting and supply chain disruptions through continuous manufacturing capabilities and robust packaging for items like bottles, vials, and ampoules, ensuring product safety and efficacy in STAT situations.

The market is witnessing a surge in demand due to the rising prevalence of chronic diseases like heart disease, cancer, diabetes, stroke, and arthritis. This has led to increased adoption of In Vitro Diagnostic (IVD) devices and infectious illness tests for early detection and monitoring. Technology advancements in the sector have paved the way for innovative packaging solutions, including recyclable and reusable packaging, aligning with changing lifestyles and environmental concerns. With growing healthcare expenditure, there's a heightened focus on medical guidelines compliance and automation in packaging processes. The market caters to diverse needs, ranging from surgical implants to electro-medical equipment and dentistry items, addressing the impact of sedentary lifestyles on health.

Segment Overview

The market report in North America forecasts market growth by revenue and provides an analysis of the latest market growth and trends and growth opportunities from 2017 to 2027. 

• Application Outlook 
  • Equipment and tools
  • In-vitro diagnostic
  • Devices
  • Implants

• Product Outlook 
  • Pouches
  • Trays
  • Clamshells
  • Boxes
  • Others

Market Scope
Report Coverage	Details
Page number	164
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.84%
Market growth 2023-2027	USD 4.28 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	8.53
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	3M Co., Amcor Plc, Aphena Pharma Solutions, AptarGroup Inc., Berry Global Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Glenroy Inc., KP Holding GmbH and Co. KG, Mitsubishi Chemical Group Corp., Oliver healthcare Industry-Packaging Co., Placon Corp., Plastic Ingenuity, Printpack Inc., SCHOTT AG, Sonoco Products Co., Steripack Group Ltd., Tekni Plex Inc., and West Pharmaceutical Services Inc.
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 the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior, market definition and market value of the Report  
• Market growth analysis across North America
• Thorough analysis of the market’s competitive landscape and detailed information about vendors
• Market forecasting of factors that will challenge the growth of the North America market vendors

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