Medical Supplies Packaging - Overview

The packaging of medical instruments, supplies, appliances and drugs has been widely used for medical supplies packaging. Rising income rates, the growing understanding of healthcare and rising incidences of chronic and curable conditions will drive the medical supplies packaging industry. Accordingly, the right selection of medical supplies packaging is a critical but complicated decision to make different supplies require different formats of packaging like Thermoformed Trays for surgical procedure kits and are ideal for high-pro?le, irregularly shaped devices. Pouches used for single-use disposable items such as gloves, catheters, tubing, adhesive bandages. Bags and Vented Flexible Packaging for medical supplies packaging especially paper bags that are used regularly as they are porosity needed for gas and steam sterilization.

Medical Supplies Packaging - Dynamics

IoT growth in the education and medical sectors

Internet of things in the healthcare industry is prominently used for monitoring every medication kit, record the drug movement of every capsule tablet and present all patient-related prescription details. Such as Rise of Intelligent and Interactive Packaging (I2Pack) is an apt format for smart medical supplies packaging. The I2Pack is the future for medical supplies packaging that can communicate with consumers through the application of radio frequency identification, sensors, energy storage, contact and other functions over conventional packaging channels. This technology advancement will increase the market demand for medical supplies packaging.

The strong rise in demand for implantable devices

Bags segment of the market size of the medical supplies packaging is expected to rise significantly over the forecast period. Growth is due to factors such as extensive use of medical bags for large quantities particularly in low-cost packaging. The most important objective is product protection, and ease of transport is achieved through bags. Besides, bags are used in medical supplies or medications storage, and first aid kit; & pouches are used in the storage of devices or liquid medications. These factors are boosting the segmental growth of medical supplies packaging.

Demand for bi-axially focused films is on the rise due to its associated benefits including exceptional heat resistance and strong impact strength. It is often known as the most special film that can be used in medical supplies packaging by end-users and converters. These factors have a positive impact on the market growth for medical supplies packaging.

Additionally, it is ideal for manufacturing packs for pharmaceutical and medical products, and its regular use in the manufacture of packs will benefit the growth of the medical supplies packaging.

Medical Supplies Packaging - Segmentation

The global medical supplies packaging market is segmented as follows –

By Product Type, the global medical supplies packaging market is segmented into –

  • Bags and Pouches
  • Trays
  • Boxes
  • Others

By Application, the global medical supplies packaging market is segmented into –

  • Hospital
  • Clinic
  • Nursing Home

Medical Supplies Packaging - Regional Outlook

The market size of Asia Pacific medical supplies packaging accounted for a substantial share of revenue in 2018 and is expected to rise over the study period with a robust CAGR. This development is due primarily to increase awareness about the effects of environmental hazards coupled with the promotion of sustainable packaging. Besides, improving health-care services and growing demand for bioplastic material will boost regional growth during the timeframe of the forecast period.

Medical Supplies Packaging - Key Players

  • Avery Dennison Corporation 
  • 3M Company 
  • E.I. du Pont de Nemours and Company  
  • CCL Industries Inc.  
  • Amcor Limited 
  • Constantia Flexibles Group GmbH 
  • Ranpak
  • Sonoco Company 
  • WestRock Company 
  • Pharma Packaging Solutions
  • Henry Schei

COVID-19 impact on the Medical Supplies Packaging Market

The due severe shortage of medical supplies in the front line of this pandemic is a very crucial part for the growth of the market in the coming forecast period. The pathogenic mechanism for this virus hasn’t identified as no specific treatment and drug is available for the cure. 

The key medical supplies for clinical care are respiratory support equipment such as life-support system, atomizer, oxygen generator, and monitor. Thus, from diagnosis to cure, the need for temperature control devices, a testing kit for nucleic acid, antiviral medical products and a life-support system has continued to increase. To restore the balance between supply and demand, the Chinese government has introduced the emergency approval procedure for the registration and use of medical supplies that are urgently required to prevent and monitor epidemics. The lack of key materials has however limited the manufacture of medical devices.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Medical Supplies Packaging Market

Pre Book