Canada Medical Device Packaging Market Size & Outlook
Canada medical device packaging market, 2017-2028 (US$M)
Related Markets
Canada medical device packaging market highlights
- The Canada medical device packaging market generated a revenue of USD 493.5 million in 2020 and is expected to reach USD 798.2 million by 2028.
- The Canada market is expected to grow at a CAGR of 6.2% 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 493.5 million |
| Market revenue in 2028 | USD 798.2 million |
| Growth rate | 6.2% (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, Canada accounted for 2.2% 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 North America, U.S. medical device packaging market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,604.2 million by 2028.
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Medical Device Packaging Market Scope
Medical Device Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 65.09% in 2020. Horizon Databook has segmented the Canada medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
Canada is one of the most prominent emerging markets for medical device packaging on account of its robust and continuously evolving healthcare sector. The government is focused on improvising healthcare services by implementing initiatives such as healthcare promotions, and it also conducts health surveillance to manage the epidemic response.
Increasing efforts by the Canadian medical device manufacturers for product export are expected to have a positive impact on the medical device packaging market. Diagnostic devices are important tools required for the diagnosis of a wide range of medical conditions.
Medical device manufacturers in the country are continuously working on innovations and technology, which is expected to benefit healthcare industry. This is backed by the fact that Canada is known for its emerging startup companies, particularly in medical device manufacturing, which is creating lucrative opportunities for the country in the global medical device packaging market.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada medical device packaging market size, by material, 2017-2028 (US$M)
Canada Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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