NA Medical Devices Packaging Market Size

North America Medical Devices Packaging Market Analysis

The North American Medical Device Packaging Market is expected to grow by registering a CAGR of about 5.8% during the forecast period (2021-2026). Strict governmental regulations, growing demand for sterile and more robust packaging, coupled with increasing awareness about the safety of medical devices, are among the key factors driving the growth of the market in the North American region.

• Packaging for medical devices is used to protect the device from any form of physical damage and keep it free of any type of contamination. The medical device packaging plays an important role as it provides a protective layer and further offers convenient handling options.
• The growth of the Medical devices packaging market in North America 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. As such, most of the country's/region needs are met by domestic production while generic are shipped.
• The growing incidence of chronic diseases in the region is driving the demand for medical drugs and devices, which creates a favorable environment for sterile medical packaging. For instance, according to CDC, Six in ten Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes. These and other chronic diseases are the leading causes of death and disability in America, and they are also a leading driver of health care costs.
• The global outbreak of COVID-19 has created deep underlying problems in the health care system of the North American region. However, the pandemic has led to positive growth in demand for medical devices such as respirators, oximeters, ventilators, and other medical devices. Although the condition is moving towards normalcy, the demand is expected to sustain during the forecast period, which in turn is expected to augment the demand for medical device packaging.
• Furthermore, owing to rising technological advancements in the healthcare industry, there has been an increase in the demand for sustainable medical packaging. In addition to this, the growing environmental concerns have fueled the demand for efficient and biodegradable healthcare packaging in the region.