Japan Medical Device Packaging Market Size & Outlook
Japan medical device packaging market, 2017-2028 (US$M)
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Japan medical device packaging market highlights
- The Japan medical device packaging market generated a revenue of USD 2,170.2 million in 2020 and is expected to reach USD 3,283.3 million by 2028.
- The Japan market is expected to grow at a CAGR of 5.3% 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 2,170.2 million |
| Market revenue in 2028 | USD 3,283.3 million |
| Growth rate | 5.3% (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, Japan accounted for 9.8% 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 |
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Japan 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 65.53% in 2020. Horizon Databook has segmented the Japan medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
Japan is one of the leading economies in the world and is an established market for medical devices. The domestic medical device manufacturers are capable of producing the most recent and high-tech medical devices. However, at present, the country also relies on imports.
The large aging demographic of the country coupled with the government’s initiatives to promote healthcare sector is expected to boost the growth of medical device industry in the country, thereby, impacting the medical device packaging market positively.
The increasing number of patients with chronic and lifestyle diseases is expected to fuel the demand for medical devices. Lucrative opportunities are available for medical device manufacturers in Japan to excel in sophisticated and new medical devices as the county’s healthcare system emphasizes improved treatments and health maintenance.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Japan medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into Japan medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Japan medical device packaging market size, by material, 2017-2028 (US$M)
Japan Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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