Market Trends of Medical Devices Packaging Industry
This section covers the major market trends shaping the Medical Devices Packaging Market according to our research experts:
Pouches is Expected to Hold Major Share
- Pouches are widely used containers for small- to medium-sized soft and semi-soft medical goods sold in unit quantities and are not vulnerable to damage during shipment and storage. Pouches' specific applications include intravenous (IV) catheters, IV administration sets, dialysis disconnect caps, wound dressings, small surgical instruments, diagnostic test packs, sutures, and dental supplies. Many films are used in medical device packaging applications. These materials offer a high degree of versatility and are available in a variety of forms in mono films, laminations, and coextrusions.
- Pouches have been manufactured from laminated paper with polyolefin layers. Uncoated nonwoven polyolefin materials for use in the manufacture of heat-sealable pouches are highly being used. Applications, such as the sterilization method (e.g., the material must tolerate high temperature) and protection requirements (e.g., high puncture resistance), are some features that cater to the demand. Further, selecting the appropriate pouch size prevents the overloading of instruments and allows penetration of the sterilant with adequate air removal and less puncture or tearing.
- Also, the partnerships and contracts to improve the product quality of pouches significantly cater to market growth. In July 2019, Diener Implants GmbH, a contract manufacturer for medical devices, announced its strategic partnership with 3dpac by Steripac, a German specialist for medical device packaging, to offer implants sterile packed to its customers. The 3dpac is a proprietary blister system developed by Steripac that ensures the optimal position fixation of sensitive products like 3 D printed implants within the sterile barrier. This provides flexibility and solves the typical problems of standard blister and pouch packaging of different geometries and sizes, like spinal fusion cages.
- Moreover, growth in the demand for pouches is expected to result from expanding applications in the unit -of -use packaging of small - to medium-sized medical instruments, appliances, and supplies. The expanding use in the secondary packaging of diagnostic test packs, prefilled inhalers and syringes, and surgical and dental trays are also expected to influence the demand for pouches. However, competition from lower-cost boxes will hold down the overall demand for pouches. Moreover, poor adaptability to rigid devices vulnerable to breakage and large multiple item kits will preclude medical device pouches from penetrating a number of the high value-added applications.
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North America is Expected to Hold Significant Share
- The United States and Canada are developed countries, with prosperous economies, aging population segments, and advanced medical delivery systems. Still, the countries vary measurably in population size, healthcare spending intensities, aggregate gross domestic product (GDP) levels, and the structure of health insurance plans. With advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries, the United States accounts for one of the world's largest geographical markets for medical devices and related packaging products.
- In May 2020, Packaging Compliance Labs LLC announced to invest USD 2.57 million for the expansion of its headquarters in the greater Grand Rapids area. The medical device packaging, engineering, and testing firm were awarded a USD 135,000 Jobs Ready Michigan grant from the Michigan Strategic Fund. The expansion of the packaging company significantly contributes to the overall market growth. Further, the US Food and Drug Administration (FDA) regulates sterilization packaging intended for use in healthcare under CFR Title 21 880.6850 and classifies it as a class II medical device.
- In May 2020, MedAccred announced to continue its expansion and support for the medical device industry. The company has added new plastics mechanical assembly and sterile device packaging audit processes and accredited a lot of new suppliers within the last year. The program also entered its second year of partnering with the United States Department of Commerce through the Medical Manufacturers MedAccred Accreditation Pathway for manufacturers and suppliers seeking accreditation.
- Further, anticipated strong growth in the Canadian diagnostic product industry is expected to broaden applications for parenteral vials and specialty multiple-well trays, thus driving the country's market. Moreover, in Canada, the Federal Minister of Health approved the interim order respecting the import and sale of medical devices for use concerning COVID -19 in March 2020. Under the temporary measure, Health Canada will allow certain products to be sold in Canada, where the requirement of packaging should be fully compliant with Health Canada requirements.
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