Medical Device Packaging Market Size

Medical Device Packaging Market Size

The medical device packaging market was valued at USD 33.5 billion in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2032.

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The medical device packaging industry is experiencing notable shifts as the demand for advanced healthcare services and safe packaging solutions grows. Factors such as the increasing prevalence of chronic diseases and the expansion of home healthcare are pushing manufacturers to innovate packaging designs that ensure sterility and ease of use. New materials, including high-barrier plastics and tamper-evident technologies, are gaining traction as the industry focuses on both patient safety and regulatory compliance.
 

The market is undergoing significant transformations as the demand for recyclable packaging solutions intensifies. With the increasing focus on sustainability, manufacturers are innovating packaging designs that prioritize recyclability without compromising sterility and usability.
 

For instance, in October 2023 Coveris, a leading manufacturer in medical packaging, has announced the upcoming launch of its innovative Formpeel P, a recyclable thermoforming film designed specifically for medical device packaging. Combined with a sustainable lidding film, the thermoformable polyamide-free bottom films comprise a sustainable packaging alternative for medical products. The materials withstand ethylene oxide, plasma, and gamma sterilization.