Medical device packaging to exceed $25.7 billion by 2017

PLASTICS & RUBBER WEEKLY

Published: August 12, 2013 9:24 am ET
Updated: August 12, 2013 9:26 am ET

Related to this story

Topics Packaging Medical
Companies & Associations

World demand for medical device packaging is projected to increase 5.9 percent annually to $25.7 billion in 2017, according to a new market study.

Western Europe, the United States and Japan will continue to account for almost 60 percent of the total market, according a new report by Cleveland-based Freedonia Group Inc.

However, demand in these countries will expand below the average global pace as intensifying health care cost containment pressures and fierce multiple supplier competition weaken growth.

The fastest expanding medical device packaging markets will emerge in India, Mexico, China, and the more prosperous Africa and Middle-East countries, where diversification, expansion, and stricter regulation of medical product industries are raising the quality and functional requirements of containers and related accessories.

Freedonia believes that pouches and trays will continue to lead sales among container types based on adaptability to cost effective infection-resistant and security-enhanced formats.

It added that multiple compartment trays will build sales as they virtually eliminate the risk of staff errors and the spread of infectious agents during the preparation of products for surgery and various other patient procedures.

Clamshell packs will also fare well in the global marketplace as they match or exceed all the advantages of rigid trays while offering greater protection against product damage during transport and storage.

Bags and boxes will realize below average gains in demand. The report says that increasing use in contact lens packaging will boost the market for blister packs.


Comments

Medical device packaging to exceed $25.7 billion by 2017

PLASTICS & RUBBER WEEKLY

Published: August 12, 2013 9:24 am ET
Updated: August 12, 2013 9:26 am ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical sees potential for PE growth in packaging

March 30, 2015 1:17 pm ET

The packaging market continues to provide growth for the polyethylene business of Dow Chemical Co. — which is a good thing, since the firm will ...    More

Image

Sipospack to build new flexible packaging plant in Hungary

March 30, 2015 9:38 am ET

Hungarian flexible packaging producer Sipospack Kft. is investing nearly 3 million euros ($3.2 million) in an expansion at a new site at Sóskút in...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Kautex showing off an extrusion blow molding machine at NPE

March 25, 2015 6:00 am ET

After 80 years in business, Kautex Maschinenbau GmbH officials know good old-fashioned word of mouth is often the best way to reach more customers.    More

Image

Fabri-Kal to expand its sustainable packaging with new Idaho plant

March 20, 2015 2:03 pm ET

Thermoformed packaging company Fabri-Kal Corp. plans to tap into Idaho's farming community to expand its sustainable packaging program.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events