Focus on Sustainability to Drive Innovation and Growth in Medical Devices Packaging Market
The medical devices packaging market is growing as the healthcare industry witnesses rapid changes due to the outbreak of new diseases, increasing regulatory norms, and growth in advanced healthcare systems.
The medical devices packaging market was valued at $29.3 billion in 2019 and is expected to reach a value of $41.9 billion by 2025, growing at a CAGR of 6.1% from 2020-2025, according to a report from Mordor Intelligence. Companies are focusing on reducing the materials and energy required in packaging. This ongoing trend is where “green packaging designs” come into play. By involving a medical device packaging partner in the initial stages of product development, companies can create packaging that is innovative and sustainable.
Packaging products with longer shelf lives are driving the market. A series of tests are carried out to assess package integrity and the physical properties of the packaging materials, as well as their opening feature. The Sterilization Packaging Manufacturers Council (SPMC) of the Flexible Packaging Association has become involved in providing guidance on the role of humidity in the accelerated ageing of sterilizable medical packaging, which will increase product life.