Asia Pacific Medical Devices Packaging Market - Growth, Trends, COVID-19 Impact, and Forecast(2022 - 2027)

Market Overview

The Asia Pacific Medical Device Packaging Market is expected to grow by registering a CAGR of 7.4% during the forecast period (2021-2026). The growing demand for medical devices owing to increased healthcare expenditure both in the public and private sector along with the stricter regulations are driving the growth of the market studied.

• Medical Device Packaging is an important factor to keep the device the device safe during distribution and throughout its shelf life. Hence, the design of packaging material and packaging type is an important step in the development of medical products.
• The packaging for medical devices is broadly categorized into Sterile Packaging and Non-Sterile Packaging. Sterile packaging is the type of packaging wherein the devices must also protect against contamination, in addition to protection against physical damage. Sterilization packaging must conform to standards and must guarantee sterility throughout the whole supply chain from production through to the operation room.
• Some medical devices such as CT scanners, X-ray machines, surgical robots, cardiovascular equipment, and ultrasound devices are sensitive and costly, hence requiring appropriate packaging for proper distribution. The growth of the medical devices packaging market is driven directly by its end-use industry, i.e., the medical devices industry. More innovations are coming up in the packaging of these devices so as to be tamper-evident and child-resistant. The industry is highly susceptible to government regulations, which in turn vary with the country.
• Furthermore, Asia-Pacific is home to some of the world's most populous countries and home to approximately 60% of the world's total population, according to United Nations. Furthermore, the region is among the prime locations for the manufacturing and sourcing of medical devices. The presence of some of the leading medical device manufacturers such as Olympus, Sonic Healthcare, Nipro, among others, are driving the demand for medical device packaging solutions in the region.
• The COVID-19 pandemic had a significant impact on most parts of the APAC region during the early month of 2020. Although the demand for medical devices increased during the period, the supply was hit hard by several restrictions imposed across the region.
• However, with the condition moving towards normalcy owing to widespread vaccinations happening across the region, the medical device packaging industry is anticipated to gain traction during the forecast period.

Scope of the report

Medical devices play a crucial role in the diagnosis and treatment of diseases as well as improving the quality of life for people suffering from disabilities. The packaging of these devices is equally important as poor packaging can cause a host of problems for both the medical device manufacturers as well as to the hospital or healthcare centers. The report provides a holistic evaluation of the market segmented by packaging type and country.

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Key Market Trends

Plastic to hold Significant Market Share

• Medical device packaging requires control over moisture, light barriers, and childproofing. The growth of polymers in medical devices has brought a considerable transformation to the medical device packaging industry, with plastic medical devices are steadily replacing other materials such as glass, ceramics, and metals owing to the benefits such as greater flexibility and affordable price.
• Additionally, Plastic has a long life and can be used for a wide range of applications, and the cost of material used to make plastic products is less, thereby reducing the cost of manufacturing. Furthermore, plastics are resistant to corrosion and shattering, and medical-grade plastics can be designed to handle repeated sterilizations. All these advantages allow the medical device manufacturers to significantly reduce their overhead costs, benefiting both the operations and the patients by offering services at a lower cost.
• PET, HDPE, PP, and vinyl are the most common plastics used in the medical device packaging industry.
• Furthermore, the medical device packaging providers are increasing investments in developing sustainable packaging solutions owing to the growing demand and stringent regulations. For instance, in October 2021, Avient announced two additions to its MEVOPUR line of medical-grade materials. Its new Pharmapack is color and additive masterbatches based on a polyethylene (PE) carrier that is manufactured using non-fossil feedstocks. The resins have bio-based content up to 95%, as calculated to ASTM D6866 standard.
• A similar approach is expected to be adopted by major packaging providers operating in the region to fulfill the growing demand for sustainable packaging solutions for medical devices.

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