- The key vendors in the Global Medical Device Packaging Market 2014-2018 are Amcor Ltd., Bemis Co. Inc., Berry Plastics Corp., DuPont Co., MeadWestvaco Corp., Mitsubishi Chemical Holdings Corp. and Sealed Air Corp.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Medical Device Packaging Market 2014-2018. The increased adoption of technology in packaging is a major trend in this market. Different packaging techniques are being developed along with the incorporation of automating the manufacturing processes of these products. The Global Medical Device Packaging market is expected to grow at a CAGR of 5.92 percent during the forecast period of 2013-2018.
The market is characterized by application products such as containers, pouches, multiple compartment trays, clamshell packs, blister packs, and glass vials. These application products are used to package large medical devices, contact lenses, diagnostic reagents, and syringes. Strict regulations apply to medical device packaging as the devices are often sterilized inside the packaging materials.
“Different packaging techniques are becoming increasingly popular such as liquid injection molding, compression molding, mill-able injection molding, insert molding, and transfer molding,” says Faisal Ghaus, Vice President of TechNavio Research.
“Automation plays a key role in the quality assurance of the final product with automatic handling processes, in-process vision systems, and automatic packaging to package products.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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