17-Mar-2021 | Zion Market Research
The global medical packaging market is predicted to cross USD 67 billion by 2025 from USD 42 billion in 2019 with a CAGR of 7.1%, as per Zion Market Research. Medical packaging has been used widely for the packaging of medical equipment, devices, medicines, and implants. Development in healthcare awareness, increase in revenue levels, and rise in cases of chronic conditions will power the medical packaging market.
The medical packaging market includes a series of firms comprised in the product development and research; component manufacturing; raw material supply; post-sales services; and distribution and sale. Major players in the market include Sonoco Company, Avery Dennison Corporation, E.I. du Pont de Nemours and Company, 3M Company, Amcor Limited, CCL Industries Inc., Bemis Company, Inc. Constantia Flexibles Group GmbH, and WestRock Company.
Presence Of IoT In Healthcare Systems To Power The Growth Of The Market In The Years To Come
The existence of IoT in healthcare systems can trace record the medicine activity of every capsule of the tablet, each package of medicine, and show all prescription data associated to users. Advent of I2Pack (Intelligent and Interactive Packaging) is an appropriate format for smart machines for this reason. The I2Pack is the next gen of medical packaging which can communicate with users by adding sensing, RFID, communicating, energy harvesting, and other features over conventional packaging forms. The data carried and fetched by the packaging will transfer from static to dynamic and the flow of data will transfer to dual-directional from single-directional. Hence, the I2Pack can be given more duties apart from the protecting and containing of goods.
Asia Pacific Medical Packaging Market Predicted To Develop At The Max CAGR In The Years To Come
The Asia Pacific medical packaging market is predicted to develop at the maximum CAGR in the years to come. Asia Pacific is predicted to develop quicker as compared to any other regional market, as it is the most broadly populated area in the globe. Nations such as China and India are predicted to observe high development in the global market owing to the rapid economic expansion and increasing developmental activities. Apart from this, the increasing population in these nations shows a huge user base for the elderly population and is predicted to power the development of the global market.
Browse the full “Medical Packaging Market - By Packaging Type (Trays, Bags & Pouches, And Boxes), By Material (Non-Woven Fabric, Polymer, And Paper & Paperboard), By Packing Type (Primary, Secondary, And Tertiary), By Application (Medical Devices, Medical Equipment & Tools, IVDs, And Implants), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/medical-packaging-market
The global medical packaging market is segmented as follows:
By Packaging type:
By Packing type:
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