Medical Device Packaging Market 2017: Global Industry Research and Latest Growth Scenario 2024
Global Medical Device Packaging Market is expected to reach USD 37,719.7 million by 2024 from USD 23,400.0 million in 2016, growing at a CAGR of 6.2% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. The major factors driving the growth of this market are the increased demand of flexible packaging, growing medical device market, increasing importance of packaging for medical device, increase in demand for innovative products such as child resistant and tamper evident packaging are fuelling the growth of the medical device packaging market. On the other hand, stringent government regulations may hinder the growth of the market. Get Free Sample Research Report: http://databridgemarketresearch.com/request-a-
sample/?dbmr=global-medical-device-packaging-market Market Segmentation: Global Medical Device Packaging Market The global medical device packaging market is segmented on the basis of drug delivery device packaging, container type, raw material, end user, distribution channel and geography. In 2017, the injectable packaging segment is expected to dominate the market with a share of ~31.0% and is expected to continue this trend till 2024. On the basis of container type, the global medical device packaging market is segmented into Pouches, bags, blister packaging, clamshells, boxes and others. By raw material, the market is segmented into plastics, paper & paper board, glass and others. Plastic is further sub-segmented into polyethylene, polypropylene and others. Polyethylene is sub-segmented into high-density polyethylene and low-density polyethylene. On the basis of end users, the market is classified into medical manufacturing, contract packaging, retail packaging and others. In 2017, the medical manufacturing segment is expected to dominate the market and contract packaging is expected to grow with the highest CAGR in the forecast period. On the basis of distribution channel, the market is classified into direct tenders and retail. In 2017, the direct tenders segment is expected to dominate the market and is expected to continue this trend till 2024. Key Drivers: Global Medical Device Packaging Market Some of the major factors driving the market for medical device packaging market are growing medical device market, increase in demand of flexible packaging, and increasing demand of innovative packaging materials. 
Stringent government regulations may hinder the growth of this market.