Medical packaging growing globally

World demand for medical device packaging is projected to increase 5.9 per cent annually to US$25.7bn in 2017, according a new report by Freedonia.

It says that Western Europe, the US and Japan will continue to account for almost 60 per cent of the total market.However, demand in these countries will expand below the average global pace as intensifying health care cost containment pressures and fierce multiple supplier competition weaken growth.

The report predicts the fastest expanding medical device packaging markets will emerge in India, Mexico, China, and the more prosperous Africa and Middle-East countries, where diversification, expansion, and stricter regulation of medical product industries are raising the quality and functional requirements of containers and related accessories.

Freedonia believes that pouches and trays will continue to lead sales among container types based on adaptability to cost effective infection-resistant and security-enhanced formats.

It says that multiple compartment trays will build sales as they virtually eliminate the risk of staff errors and the spread of infectious agents during the preparation of products for surgery and various other patient procedures, adding that clamshell packs will also fare well in the global marketplace as they match or exceed all the advantages of rigid trays while offering greater protection against product damage during transport and storage.

Bags and boxes will realise below average gains in demand. The report says that increasing use in contact lens packaging will boost the market for blister packs.

Source: http://www.i-grafix.com/packaging/medical-packaging-growing-globally/