Bharat Book

Worldwide Demand and Growth of the Medical Device Packaging Market

Press Release   •   Aug 20, 2013 09:53 IST

August 19,2013 : Bharat Book Bureau presents the new report, on 'World Medical Device Packaging' World demand to rise 5.9% annually through 2017
 World medical device packaging product demand will increase 5.9 percent yearly to $25.7 billion in 2017. Reflecting the operation of advanced and diverse medical product industries, Western Europe, the US and Japan will divide almost 60 percent of the total amount. However, these markets will expand measurably slower than the global average as health care cost containment pressures and intensifying multiple supplier competition increase the pricing sensitivity of medical device producers to packaging costs. The fastest growth in medical device packaging demand will occur in India, Mexico, China, and various Africa/Mideast countries where the expansion, diversification, and stricter regulation of medical product industries are raising the quality requirements of containers and related accessories.
 
 US to remain largest market
 Among individual countries, the US will remain the largest market for medical device packaging products as its advanced medical product industries introduce new sophisticated items with specialized packaging needs. Gains in West European and Japanese demand will evolve mostly from upgraded government standards requiring the greater barrier and security protection of medical supplies and devices. In the developing world, China will provide the largest and most diverse sales opportunities for medical device packaging due to burgeoning domestic and export markets for nationally produced medical products.
 
 Pouches & trays to continue as sales leaders
 Containers will make up about 80 percent of medical device packaging demand through 2017 and beyond. Based on adaptability to cost effective infection prevention and security enhanced formats, pouches and trays will continue to lead sales. Growth in pouch demand will reflect improved strength, puncture resistance, and barrier properties, which will lead to expanding applications in the packaging of small- to medium-sized supplies and devices. Multiple compartment trays will build sales as they virtually eliminate the risk of staff errors and infection spreading during the collection and organization of products required for various patient procedures. Clamshell packs will also fare well in the global marketplace as they match or exceed all the advantages of multiple compartment trays while offering greater protection against product damage during transport and storage.
 
 For more information kindly visit : http://www.bharatbook.com/medical-devices-market-research-reports/world-medical-device-packaging.html          
 
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