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Development of cost-effective new products, the increasing demand for sustainable packaging, stringent government regulations, moderately improvement in technology and the treatment facilities are some of the factors to lead market growth
JERSEY CITY, N.J. , March 9, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Healthcare Packaging Market" By Type (Primary Packaging, Secondary Packaging), By Application (Medical Apparatus, Medical Drugs), and By Geography. According to Verified Market Research, the Global Healthcare Packaging Market size was valued at USD 41.3 Billion in 2020 and is projected to reach USD 64.1 Billion by 2028, growing at a CAGR of 5.65% from 2021 to 2028.
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Global Healthcare Packaging Market Overview
Healthcare packaging has a number of significant features, but its primary function is to safeguard a packaged medical device or pharmaceutical product. As healthcare products can have distinctive requirements and often involve sterilization before packaging, the packaging of healthcare products is intended to both maintain the highest medical guidelines and norms, while protecting the integrity of the healthcare product. The package should keep the product stable throughout its shelf life. An increase in certain chronic cases like cancer, diabetes is some of the major factors driving up the Healthcare Packaging Market growth.
The rise in concern regarding the use of improved devices among the customers and the use of government initiatives raises the global Healthcare Packaging Market size. Some of the major key players are opting for the use of sustainable solutions thus enhancing the use of better packaging and reducing the use of waste. The healthcare industry is growing due to the increasing number of hospitals, therapeutic equipment manufacturers, and diagnostic centers. Rising environmental concerns and increasing demand for microbial packing are anticipated to boost the sales of sterile therapeutic packing. The growing aging population, due to increased life expectancy rates across regions, is creating a scope for medical device manufacturers and pharmaceutical.
The major players in the market are American Packaging Corporation, AMGRAPH Packaging Inc., Beacon Converters, DuPont, SCHOTT AG , Berry Global Inc., Bilcare Limited, Amcor Plc, Aldelphi Group, West Pharmaceuticals, and among others.
Verified Market Research has segmented the Global Healthcare Packaging Market On the basis of Packaging Type, Application, and Geography.
Sterile Medical Packaging Market By Type (Thermoform Trays, Sterile bottles & Containers, Vials & Ampoules, Pre-fillable Inhalers), By Application (Pharmaceutical & Biological, Surgical, In-Vitro Diagnostic Products, Medical Implants), By Material (Plastics, Metals, Glass, Paper & paperboard), By Geography, Forecast, 2021-2028
Medical Devices Packaging Market By Packaging Type (Bags and Pouches, Trays, Boxes), By Application (Equipment and Tools, Devices, IVD, Implants), By Geography, Forecast, 2021-2028
Pharmaceutical Packaging Equipment Market By Product (Liquids Packaging Equipment, Solids Packaging Equipment, Semi-Solids Packaging Equipment, and Others), By Package (Primary Packaging Equipment, Secondary Packaging, And Labeling And Serialization Equipment), By Geography, Forecast, 2021-2028
Medical Packaging Films Market By Material (Polyamide (PA), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Others), By Application (Bags, Tubes, and Others), By Geography, Forecast, 2021-2028
Top 10 Pharmaceutical Packaging Companies: Salvation of global medical industry
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