Market Overview:
The global flexible medical device packaging market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for prefilled syringes, cartridges, vials, pharmaceutical unit dose packaging, ampoules and blisters in the pharmaceutical and biologics industries. In addition, the growth of the ophthalmic segment is also contributing to the growth of this market. However, factors such as stringent regulatory norms and high costs associated with R&D are restraining its growth. On basis of type, prefilled syringes are expected to account for a major share of the global flexible medical device packaging market during 2018-2030 owing to their growing demand in various applications such as orals and respiratory therapy.
Product Definition:
Flexible medical device packaging is a type of packaging that is used to protect and store medical devices. It is made from flexible materials, such as plastics or films, which allows it to be easily shaped to fit the contours of the device. This type of packaging is important because it helps protect the device from damage and keeps it clean and sterile.
Prefilled Syringes Cartridges:
The global prefilled syringes cartridges, it's usage and growth factor in the market for flexible medical device packaging are expected to grow at a significant rate over the forecast period. The factors that propel their demand include ease of use, time-saving and cost-effectiveness. Also, they help in reducing errors during injection which is further anticipated to boost its adoption rate over the forecast period.
Vials Pharmaceutical Unit Dose Packaging:
Vials pharmaceutical unit dose packaging and it's usage in flexible medical device packaging market is expected to grow at a significant rate over the forecast period. The growth of this market can be attributed to factors such as increasing demand for accurate drug delivery systems, rising expenditure on healthcare, growing R&D activities by many pharmaceutical companies and biopharmaceutical companies coupled with technological advancements.
Application Insights:
Based on application, the market is segmented into orals, injectable, respiratory therapy, wound care & biologics and others. The wound care & biologics segment held the largest share in 2017 owing to increasing cases of chronic diseases such as diabetes and cancer across the globe. According to a study published by NCBI in 2018, it was estimated that around 1 in 6 people globally are suffering from chronic wounds. This is expected to increase further due to rising cases of obesity and diabetes mellitus across the globe during forecast period (2018-2030).
The oral application segment is also anticipated to witness significant growth over forecast period owing to growing demand for generic drugs coupled with surging healthcare expenditure by countries such as India and China. These factors are likely drive flexible packaging solutions for orofacial applications which include syringes & injections among others over next few years.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving the regional growth. Moreover, increasing demand for prefilled syringes cartridges and vials to minimize needle stick injuries is expected to propel the market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income coupled with growing awareness about flexible packaging devices among patients & physicians in this region. In addition, improving healthcare facilities due to government initiatives such as “Hospital Building Program†by China’s Ministry of Health (MoH) will boost product penetration rates in this region over next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global flexible medical device packaging market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for minimally invasive surgeries. Flexible medical device packaging helps in reducing surgical trauma and also aids in faster patient recovery.
- Rising prevalence of chronic diseases: The rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders is expected to drive the growth of the flexible medical device packaging market during the forecast period. Flexible medical device packaging helps in protecting sensitive devices from damage and also prevents cross-contamination between patients.
- Technological advancements: The technological advancements in flexible medical device packaging are expected to drive the growth of this market during the forecast period. Newer technologies such as laser cutting and heat sealing are being adopted by manufacturers owing to their ability to provide superior quality products with enhanced performance characteristics..
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Medical Device Packaging Market Research Report
By Type
Prefilled Syringes Cartridges, Vials Pharmaceutical Unit Dose Packaging, Ampoules Pharmaceutical Unit Dose Packaging, Blisters Pharmaceutical Unit Dose Packaging, Others
By Application
Orals, Respiratory Therapy, Wound Care, Biologics, Injectable, Ophthalmic, Others
By Companies
Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Bristol-Myers Squibb Company, AbbVie Inc., UDG Healthcare plc, Comar LLC, Berry Global, Gerresheimer AG, Amcor plc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Medical Device Packaging Market Report Segments:
The global Flexible Medical Device Packaging market is segmented on the basis of:
Types
Prefilled Syringes Cartridges, Vials Pharmaceutical Unit Dose Packaging, Ampoules Pharmaceutical Unit Dose Packaging, Blisters Pharmaceutical Unit Dose Packaging, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Orals, Respiratory Therapy, Wound Care, Biologics, Injectable, Ophthalmic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pfizer Inc.
- Johnson & Johnson
- Merck & Co. Inc.
- Bristol-Myers Squibb Company
- AbbVie Inc.
- UDG Healthcare plc
- Comar LLC
- Berry Global
- Gerresheimer AG
- Amcor plc
Highlights of The Flexible Medical Device Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Prefilled Syringes Cartridges
- Vials Pharmaceutical Unit Dose Packaging
- Ampoules Pharmaceutical Unit Dose Packaging
- Blisters Pharmaceutical Unit Dose Packaging
- Others
- By Application:
- Orals
- Respiratory Therapy
- Wound Care
- Biologics
- Injectable
- Ophthalmic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible Medical Device Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flexible medical device packaging is a type of packaging that allows for the safe and effective storage, transport, and use of medical devices. This type of packaging can be made from a variety of materials, including plastic, paperboard, or metal. Flexible medical device packaging typically includes features such as stretchy panels or straps that allow it to conform to different shapes and sizes. This type of packaging also often includes ventilation slots or openings so that air can flow freely around the device.
Some of the key players operating in the flexible medical device packaging market are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Bristol-Myers Squibb Company, AbbVie Inc., UDG Healthcare plc, Comar LLC, Berry Global, Gerresheimer AG, Amcor plc.
The flexible medical device packaging market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible Medical Device Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flexible Medical Device Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible Medical Device Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flexible Medical Device Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flexible Medical Device Packaging Market Size & Forecast, 2020-2028
4.5.1 Flexible Medical Device Packaging Market Size and Y-o-Y Growth
4.5.2 Flexible Medical Device Packaging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Prefilled Syringes Cartridges
5.2.2 Vials Pharmaceutical Unit Dose Packaging
5.2.3 Ampoules Pharmaceutical Unit Dose Packaging
5.2.4 Blisters Pharmaceutical Unit Dose Packaging
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Orals
6.2.2 Respiratory Therapy
6.2.3 Wound Care
6.2.4 Biologics
6.2.5 Injectable
6.2.6 Ophthalmic
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible Medical Device Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flexible Medical Device Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Prefilled Syringes Cartridges
9.6.2 Vials Pharmaceutical Unit Dose Packaging
9.6.3 Ampoules Pharmaceutical Unit Dose Packaging
9.6.4 Blisters Pharmaceutical Unit Dose Packaging
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Orals
9.10.2 Respiratory Therapy
9.10.3 Wound Care
9.10.4 Biologics
9.10.5 Injectable
9.10.6 Ophthalmic
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Prefilled Syringes Cartridges
10.6.2 Vials Pharmaceutical Unit Dose Packaging
10.6.3 Ampoules Pharmaceutical Unit Dose Packaging
10.6.4 Blisters Pharmaceutical Unit Dose Packaging
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Orals
10.10.2 Respiratory Therapy
10.10.3 Wound Care
10.10.4 Biologics
10.10.5 Injectable
10.10.6 Ophthalmic
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Prefilled Syringes Cartridges
11.6.2 Vials Pharmaceutical Unit Dose Packaging
11.6.3 Ampoules Pharmaceutical Unit Dose Packaging
11.6.4 Blisters Pharmaceutical Unit Dose Packaging
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Orals
11.10.2 Respiratory Therapy
11.10.3 Wound Care
11.10.4 Biologics
11.10.5 Injectable
11.10.6 Ophthalmic
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Prefilled Syringes Cartridges
12.6.2 Vials Pharmaceutical Unit Dose Packaging
12.6.3 Ampoules Pharmaceutical Unit Dose Packaging
12.6.4 Blisters Pharmaceutical Unit Dose Packaging
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Orals
12.10.2 Respiratory Therapy
12.10.3 Wound Care
12.10.4 Biologics
12.10.5 Injectable
12.10.6 Ophthalmic
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Prefilled Syringes Cartridges
13.6.2 Vials Pharmaceutical Unit Dose Packaging
13.6.3 Ampoules Pharmaceutical Unit Dose Packaging
13.6.4 Blisters Pharmaceutical Unit Dose Packaging
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Orals
13.10.2 Respiratory Therapy
13.10.3 Wound Care
13.10.4 Biologics
13.10.5 Injectable
13.10.6 Ophthalmic
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flexible Medical Device Packaging Market: Competitive Dashboard
14.2 Global Flexible Medical Device Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pfizer Inc.
14.3.2 Johnson & Johnson
14.3.3 Merck & Co. Inc.
14.3.4 Bristol-Myers Squibb Company
14.3.5 AbbVie Inc.
14.3.6 UDG Healthcare plc
14.3.7 Comar LLC
14.3.8 Berry Global
14.3.9 Gerresheimer AG
14.3.10 Amcor plc
