Australia Medical Device Packaging Market Size & Outlook
Australia medical device packaging market, 2017-2028 (US$M)
Related Markets
Australia medical device packaging market highlights
- The Australia medical device packaging market generated a revenue of USD 305.8 million in 2020 and is expected to reach USD 491.6 million by 2028.
- The Australia market is expected to grow at a CAGR of 6.1% from 2021 to 2028.
- In terms of segment, plastic was the largest revenue generating material in 2020.
- Metal is the most lucrative material segment registering the fastest growth during the forecast period.
Medical device packaging market data book summary
| Market revenue in 2020 | USD 305.8 million |
| Market revenue in 2028 | USD 491.6 million |
| Growth rate | 6.1% (CAGR from 2020 to 2028) |
| Largest segment | Plastic |
| Fastest growing segment | Metal |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic, Paper & Paperboard, Metal |
| Key market players worldwide | Amcor PLC, Sonoco Products Co, Mondi PLC, CCL Industries Inc Registered Shs -B- Non Vtg, Constantia Flexibles, WestRock Co, Berry Global Group Inc, Glenroy, Inc., SteriPack Contract Manufacturing |
Other key industry trends
- In terms of revenue, Australia accounted for 1.4% of the global medical device packaging market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China medical device packaging market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,338.3 million by 2028.
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Medical Device Packaging Market Scope
Medical Device Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia medical device packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device packaging market will help companies and investors design strategic landscapes.
Plastic was the largest segment with a revenue share of 65.47% in 2020. Horizon Databook has segmented the Australia medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
Medical device industry in Australia has developed at a rapid rate with strong growth in digital health devices and technologies using advanced materials, designs, robotics, IT, imaging, and adaptive diagnostic technology platforms.
In addition, the industry is evolving with the help of technology and skills from aligned innovations and advanced materials. Healthcare sector in Australia is supported by a robust regulatory system that includes competitive R&D and a world-class healthcare system that creates a highly favorable environment for medical devices.
These factors are expected to contribute to the substantial growth of medical device packaging market. Medical device industry in Australia is characterized by several small- and medium-sized companies and a smaller but sizable proportion of global multinational companies or their subsidiaries.
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Target buyers of Australia medical device packaging market databook
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Our clientele includes a mix of medical device packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Australia medical device packaging market size, by material, 2017-2028 (US$M)
Australia Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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