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Medical Device Packaging Pouches Market size is expected to cross USD 30 Billion at CAGR of approximately 6% by 2022 and is expected to grow over the CAGR of around 6%.
The key drivers for the growth of the Medical Device Packaging Pouches market are the growing healthcare industry. There is an increased demand for such packaging by the medical device manufacturers on a large scale. The packaging industry on the other hand is seen investing heavily on various technological advancements. On the basis of product type, Pouches contributes the largest to the market, majorly due to its cost-effectiveness and infection resistant specification.
Key Players
North-America is the largest market
The region contributes largest to the market share. The reason is attributed to the advancements of medical devices and developed healthcare infrastructure. However, Asia-Pacific region is expected to grow over the forecasted period.
Scope of the Report
This study provides an overview of the global Medical Device Packaging Pouches market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Medical Device Packaging Pouches market as material and product type. On the basis of material it is segmented as Plastic, Paper & Paperboard and others. On the basis of product type it is segmented as trays, pouches, bags, clamshell packs and others.
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