Medical Device Packaging Demand Soaring in Emerging Markets

The United States combined with Europe and Japan make up nearly 60% of the overall medical device packaging market. Of those countries, the United States represents the single-largest market for medical device packaging, but growth is relatively flat there. In addition, growth in Europe and Japan is expected to be slower than the global average. The markets that are growing the most quickly include India, Mexico, China, and relatively well-heeled nations in the Middle East and Africa, according to research from the Freedonia Group. Perhaps not surprisingly, China represents the market whose demand for medical device packaging is expanding the most quickly. Global demand for medical device packaging is ticking up at the estimated rate of 5.9% annually. The global market is predicted to be worth $25.7 billion by 2017.