Medical Device Packaging Market in North America to grow by USD 4280 mn through 2023-2027  

The North American medical device packaging market size is estimated to grow at a CAGR of 9.84% forecasted to grow up to USD 4,280 million by 2023 to 2027. Determinants of this market growth include the medical device market expansion in North America, high healthcare expenditure on medical technologies, and an increasing shift toward the smart packaging of medical devices. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking in our report. 

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Navigating what exactly is driving the Medical Device Packaging Market in North America

Intelligent packaging has the potential to increase sales by introducing packaging differentiation through printing methods, types and sizes, practicality, and visual features. Some of the determinants of the market expansion are explained.

• The North American market is revolutionizing with the introduction of smart packaging for medical equipment, enabled with QR codes on the packaging of medical devices that can be scanned to access instructional videos for using the product, thus fueling the market demand for more such packaging.
• Increasing shift toward smart packaging of medical devices is notably driving the market growth.
• Technological advancement has improved customer logistics and supply chain management by developing radiofrequency devices, digital (barcode) reader technologies, temperature and humidity sensors, and customized packaging thus driving market growth for Medical Device Packaging Market.

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Medical Device Packaging Market In North America: Vendor Analysis

Market vendors are capitalizing on growth opportunities through various strategic measures. Prominent market players are constantly upgrading themselves to enhance their market presence with more focus on growth prospects.

Market Players worth mentioning in this industry are 3M Co., Amcor Plc, Aphena Pharma Solutions, AptarGroup Inc., Berry Global Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, DuPont de Nemours Inc., Glenroy Inc., KP Holding GmbH and Co. KG,

For example, Printpack Inc. - The company specializes in the food, beverage, pharmaceutical, and agricultural industries their offerings of the company include medical device packaging solutions such as Center Strip Bag.

Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem as well as the strengths and weaknesses of key market players Order a free sample report today.