US Leads Medical Device Packaging Market to 2017 Forecasts a New Research Report at RnRMarketResearch.com

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RnRMarketResearch.com adds latest report on “World Medical Device Packaging to 2017” to its store. World demand for medical device packaging market expected to grow at 5.9% annually through 2017.

World medical device packaging product demand will increase 5.9 percent yearly to $25.7 billion in 2017. Reflecting the operation of advanced and diverse medical product industries, Western Europe, the US and Japan will divide almost 60 percent of the total amount. However, these markets will expand measurably slower than the global average as health care cost containment pressures and intensifying multiple supplier competition increase the pricing sensitivity of medical device producers to packaging costs. The fastest growth in medical device packaging demand will occur in India, Mexico, China, and various Africa/Mideast countries where the expansion, diversification, and stricter regulation of medical product industries are raising the quality requirements of containers and related accessories.

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US to Remain Largest Market
Among individual countries, the US will remain the largest market for medical device packaging products as its advanced medical product industries introduce new sophisticated items with specialized packaging needs. Gains in West European and Japanese demand will evolve mostly from upgraded government standards requiring the greater barrier and security protection of medical supplies and devices. In the developing world, China will provide the largest and most diverse sales opportunities for medical device packaging due to burgeoning domestic and export markets for nationally produced medical products.

Pouches & Trays to Continue As Sales Leaders
Containers will make up about 80 percent of medical device packaging demand through 2017 and beyond. Based on adaptability to cost effective infection prevention and security enhanced formats, pouches and trays will continue to lead sales. Growth in pouch demand will reflect improved strength, puncture resistance, and barrier properties, which will lead to expanding applications in the packaging of small- to medium-sized supplies and devices. Multiple compartment trays will build sales as they virtually eliminate the risk of staff errors and infection spreading during the collection and organization of products required for various patient procedures. Clamshell packs will also fare well in the global marketplace as they match or exceed all the advantages of multiple compartment trays while offering greater protection against product damage during transport and storage.

Blister Packs, Vials to Grow Fastest Among Other Types
Among other medical device containers, blister packs and glass vials will account for the fastest expanding demand: the former from applications in the packaging of contact lenses; the latter from applications in the packaging of diagnostic reagents and related substances. By contrast, bags — which are used primarily for the packaging of large and odd-sized products — will decelerate based on the downsizing and miniaturization of many medical supplies and devices. Demand for boxes will also slow as cost considerations erode some secondary packaging. The fastest gains among medical device packaging accessories will be seen in high visibility labels and tamper-evident and other security accessories. Demand for these products will benefit from more strict government regulations and industry standards covering the safety, security, and functional features of medical device containers.

Company Profiles
Profiles 26 global players such as Amcor, Bemis, Clondalkin Group, Constantia Flexibles, MeadWestvaco and SealedAir

Additional Information
This comprehensive study analyzes the world market for medical device packaging covering containers and related accessories. Containers examined include pouches, trays, clamshell packs, bags, boxes, and other types such as blister packs and glass vials. Labels, lidding and various support materials such as shrink wrap, security components, and desiccants are among the packaging accessories detailed in the study.

The study presents historical demand data (2002, 2007, and 2012) and demand forecasts for 2017 and 2022 for the above mentioned products in millions of US dollars by type, application, geographical region, and selected countries. The term “demand” refers to apparent consumption and is defined as shipments (also referred to variously as “production,” “output,” or “supply”) plus imports minus exports. It is used interchangeably with the terms “market,” “sales,” and “consumption.”

For purposes of this study, medical device packaging demand is defined as the value of finished containers and related accessories sold by merchant companies on the open market and also includes the value of packaging products produced or assembled internally by end-use product manufacturers and contract packaging firms. In 2012, captive and contract production made up approximately one-third of total world demand.

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Browse more reports on Pharmaceutical Packaging Market @ http://www.rnrmarketresearch.com/reports/life-sciences/pharmaceuticals/pharmaceutical-packaging.

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