Harrisburg, NC -- (SBWIRE) -- 10/05/2020 -- The Medical Device Packaging market report recognizes the importance of investing in policies and processes to use trade as a tool for inclusive growth. Underlying this approach is a strategy to strengthen its export sectors and broaden the scope of the goods and services produced given the report's traditionally strong dependence on a narrow set of revenue-generating investment in the Medical Device Packaging Market. This report is a roadmap for Medical Device Packaging market exporters and policymakers to identify higher value-added products and markets with growth potential, as well as giving guidance to realize the opportunities and overcoming production challenges
The medical devices packaging market was valued at USD 29.32 billion in 2019 and is expected to reach a value of USD 41.91 billion by 2025, rising at a CAGR of 6.13 % over the forecast period 2020-2025.
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Top Key Market Competitors Covered in the report:
DowDuPont, Constantia Flexibles, 3M, Amcor, Berry Plastics, Mitsubishi Chemical, Texchem-pack, TAKO, Klockner Pentaplast, Amcor, Technipaq, Beacon Converters, Plastic Ingenuity, Rollprint, Barger (Placon)
The medical device industry comprises a large number of products ranging from surgical tools to imaging equipment that are used for the treatment of a wide range of illnesses and diseases. Apart from standard medical devices that are compatible with a number of patients, increasing the development of patient-specific medical devices is further likely to have a positive impact on the medical device packaging market growth over the forecast period.
The U.S. Food and Drugs Administration (FDA) developed some standard test methods to ensure safe medical device packaging includes determination of leaks, performance testing of shipping containers, seal strength of flexible barrier materials, integrity testing of porous barrier medical packages and the list goes on.
Industry News:
April 2020 - April 2020, Amcor's ULTRA pouches were certified for vaporized hydrogen peroxide sterilization as well as steam sterilization at 134°C. This means that the pouches can provide a solution for the sterilization of all reusable medical devices. The new accreditation assures that ULTRA pouches are compliant with the latest international and European EN 868 and ISO 11607 standards, including the Sterile Barrier System (SBS) requirement.
Segment by Types:
Trays
Pouches
Clamshell
Others
Segment by Application:
Sterile Packaging
Non-sterile Packaging
The findings show that the country has a wealth of untapped export potential, particularly within North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, and Other), and that realizing this potential can build competitiveness for future growth.
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The Medical Device Packaging market also presents new analysis on opportunities for upgrading to transformed products, taking into account the existing export structure and available inputs. It analysis the current trade challenges that the market faces and provides guidance on targeted avenues for enhancing export growth, diversification, and product upgrading by moving towards higher value-added products within a value chain.
Highlights of the report:
-Medical Device Packaging Market reveals the importance of investing in policies and processes to use trade as a tool for inclusive growth.
-Underlying this approach is a strategy to strengthen its significant information and broaden the scope of the services produced giving it strong dependence on a narrow set of revenue-generation.
-Developing a competitiveness strategy that focuses on diversifying its market and shifting to greater value addition in its products and services could place the market onto a more stable and sustainable development path with widespread benefits.
-Trade and Medical Device Packaging market access data are key in guiding and re-orienting policies towards the opportunities that promise the greatest benefits
-It ensures the widespread access to finance for global Medical Device Packaging market manufacturers, with improved connectivity to regional markets, and implementing an attractive and effective taxation system are overarching policies that will have a positive impact on the general business environment.
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This research presents an example of how relevant data – complemented by information from local stakeholders – can inform the trade-related decision-making of policymakers and the private sector; by transforming raw data to trade and Medical Device Packaging market intelligence. It gives a balance between policies that promote the current market effect and an innovative approach that invests in new tradable products with higher value-added and impact.
The Medical Device Packaging market report provides design and implements an informed trade and development strategy. Enhancing trade competitiveness is not always straightforward. Accordingly, this report provides a customized analysis for product upgrading focused on export diversification.
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