Market Trends of NA Medical Devices Packaging Industry
This section covers the major market trends shaping the North America Medical Devices Packaging Market according to our research experts:
The Use of Plastics for Packaging of Medical Devices to Report Sustained Growth
- Plastics play a significant role in healthcare packaging. Disposable plastic syringes, blood bags, heart valves, etc., are some of the key use cases wherein plastics have been used. Furthermore, plastics are the perfect materials for shipping and storing intricate devices, drugs, and other medical instruments.
- Additionally, plastics are highly safe, hygienic, durable, lightweight, and cost-friendly, which makes them a perfect choice for manufacturing medical device packaging. Moreover, the aesthetics offered by plastic materials, such as the ability to appear in the range from opaque to clear, increase their applicability in the market.
- Considering the growing number of use cases and increasing demand for plastic packaging within the North American medical device packaging sector, various vendors have started offering innovative products in the market. For instance, the Amcor Dual Chamber Pouch uses a high-strength foil laminate that protects from light, moisture, and oxygen ingress to support shelf life and drug efficacy.
- As medical device manufacturers and consumers alike are looking for sustainable alternatives to traditional plastic packaging, the increasing demand for sustainable packaging is driving the vendors to increase investment in developing innovative packaging solutions for medical devices. For instance, in 2021, TIPA started offering its high-performance certified compostable flexible packaging films and laminates in the North American Market. Tipa's films are a sustainable alternative to traditional polyethylene (PE) and polypropylene (PP) flexibles.
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United States to Hold Significant Market Share
- The United States is expected to continue to be the largest market for medical device packaging as its advanced medical product producers commercialize new high value-added supplies, instruments, and equipment with specialized packaging needs.
- In addition to this, increasing demand for hygiene devices, personal diagnostic equipment, and rehabilitation products are also helping to push the development of the medical device packaging market in the United States.
- According to the New England Journal of Medicine, the United States has 4% of the world's population but, as of July 2020, approximately 26% of its Covid-19 cases and 24% of its Covid-19 deaths. The pandemic may open the way to meaningful incremental changes in healthcare spending, which is anticipated to drive the demand for medical devices in the country.
- Furthermore, the United States is home to some of the largest medical device packaging companies such as Sonoco, West Pharmaceuticals, DuPont, and Amcor, among others. The presence of these companies is further expected to drive the growth of the medical device packaging industry in the country.
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