Quick Summary:
In an ever-evolving industry such as healthcare, the importance of reliable and innovative packaging solutions cannot be overstated. Ensuring the integrity and sterility of medical products is critical. This is where the significance of the global healthcare packaging market comes into play. Offering invaluable insights, this comprehensive report provides an in-depth understanding of the key trends and crucial factors influencing the market and its growth prospects.
Protecting healthcare products from chemical deterioration and reducing contamination potential are only some of the vital roles of healthcare packaging. This report also elaborates on how leading players now advocate sustainable practices, thereby enhancing the recyclability of products and packaging. Additionally, the rising prevalence of lifestyle diseases and an increasing geriatric population facilitate the growth of the market. With efficient packaging as critical to maintaining the sterility of medical devices, and with increasing healthcare spending globally, the future shines bright for the healthcare packaging market.
The global healthcare packaging market size reached US$ 136.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 202.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
Healthcare packaging aids in protecting healthcare products from chemical deterioration by preventing exposure to oxygen, moisture, light and temperature fluctuations. It adheres to medical guidelines and standards and safeguards the integrity of these products to cater to their unique specifications and sterilization requirements. It provides visual information about the packaged products and ensures that they remain stable throughout their shelf life. This, in turn, is positively influencing the requirement for healthcare packaging around the world.
Leading players are focusing on sustainable practices and seeking to improve the recyclability of products and packaging. This, in confluence with the thriving packaging sector, represents one of the key factors propelling the growth of the market. Moreover, there is a widespread prevalence of lifestyle diseases, such as diabetes, obesity, metabolic syndrome, cardiovascular diseases (CVD), chronic obstructive pulmonary diseases (COPD), and various types of cancer due to unhealthy diets, physical inactivity, and excessive tobacco consumption among individuals. This, coupled with the rising geriatric population, is facilitating the growth of the market. Apart from this, efficient packaging of medical devices is critical in maintaining sterility and reducing contamination, which may otherwise be harmful to the patients. It also protects medical devices from physical damage and sustains their functionality. Other factors, including increasing healthcare spending and significant growth in the pharmaceutical sector, are projected to create a positive outlook for the market.
2. What is the expected growth rate of the global healthcare packaging market during 2023-2028?
3. What are the key factors driving the global healthcare packaging market?
4. What has been the impact of COVID-19 on the global healthcare packaging market?
5. What is the breakup of the global healthcare packaging market based on the industry?
6. What are the key regions in the global healthcare packaging market?
Healthcare packaging aids in protecting healthcare products from chemical deterioration by preventing exposure to oxygen, moisture, light and temperature fluctuations. It adheres to medical guidelines and standards and safeguards the integrity of these products to cater to their unique specifications and sterilization requirements. It provides visual information about the packaged products and ensures that they remain stable throughout their shelf life. This, in turn, is positively influencing the requirement for healthcare packaging around the world.
Leading players are focusing on sustainable practices and seeking to improve the recyclability of products and packaging. This, in confluence with the thriving packaging sector, represents one of the key factors propelling the growth of the market. Moreover, there is a widespread prevalence of lifestyle diseases, such as diabetes, obesity, metabolic syndrome, cardiovascular diseases (CVD), chronic obstructive pulmonary diseases (COPD), and various types of cancer due to unhealthy diets, physical inactivity, and excessive tobacco consumption among individuals. This, coupled with the rising geriatric population, is facilitating the growth of the market. Apart from this, efficient packaging of medical devices is critical in maintaining sterility and reducing contamination, which may otherwise be harmful to the patients. It also protects medical devices from physical damage and sustains their functionality. Other factors, including increasing healthcare spending and significant growth in the pharmaceutical sector, are projected to create a positive outlook for the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global healthcare packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, material, packaging, drug delivery mode and application.Pharmaceutical Packaging:
Breakup by Product:
- Plastic Bottles
- Caps and Closures
- Blister Packs
- Pre-Fillable Syringes
- Parenteral Containers
- Pre-Fillable Inhalers
- Pouches
- Medication Tubes
- Others
Breakup by Material:
- Plastics and Polymers
- Paper and Paperboard
- Glass
- Aluminum Foil
- Others
Breakup by Packaging:
- Primary Packaging
- Secondary Packaging
Breakup by Drug Delivery Mode:
- Oral
- Injectable
- Dermal/Topical
- Inhalable
- Others
Medical Device Packaging:
Breakup by Product Type:
- Trays
- Pouches
- Clamshell Packs
- Others
Breakup by Material:
- Plastic
- Paper
- Aluminum
- Tyvek
- Others
Breakup by Application:
- Sterile Packaging
- Non-Sterile Packaging
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Arica
- Latin America
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.Report Coverage:
Key Questions Answered in This Report
1. What was the size of the global healthcare packaging market in 2022?2. What is the expected growth rate of the global healthcare packaging market during 2023-2028?
3. What are the key factors driving the global healthcare packaging market?
4. What has been the impact of COVID-19 on the global healthcare packaging market?
5. What is the breakup of the global healthcare packaging market based on the industry?
6. What are the key regions in the global healthcare packaging market?
Frequently Asked Questions about the Global Healthcare Packaging Market
What is the estimated value of the Global Healthcare Packaging Market?
What is the growth rate of the Global Healthcare Packaging Market?
What is the forecasted size of the Global Healthcare Packaging Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 136.6 Billion |
| Forecasted Market Value ( USD | $ 202.7 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Healthcare Packaging Market
6 Global Pharmaceutical Packaging Market
7 Global Medical Device Packaging Market
8 SWOT Analysis
9 Value Chain Analysis
10 Porters Five Forces Analysis
11 Competitive Landscape
List of Figures
List of Tables
Methodology
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