Saudi Arabia Medical Device Packaging Market Size & Outlook
Saudi Arabia medical device packaging market, 2017-2028 (US$M)
Related Markets
Saudi Arabia medical device packaging market highlights
- The Saudi Arabia medical device packaging market generated a revenue of USD 187.4 million in 2020 and is expected to reach USD 336.5 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 7.6% 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 187.4 million |
| Market revenue in 2028 | USD 336.5 million |
| Growth rate | 7.6% (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, Saudi Arabia accounted for 0.8% 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 Middle East & Africa, Saudi Arabia medical device packaging market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 336.5 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Device Packaging Market Scope
Medical Device Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 66.6% in 2020. Horizon Databook has segmented the Saudi Arabia medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
Saudi Arabia is one of the largest consumers of medical devices in the Middle East & Africa due to robust healthcare infrastructure in the country coupled with a substantial population with high disposable income, which enables them to opt for expensive therapeutic and other medical treatments.
However, the country is largely import-driven, wherein it imports over 90% of medical devices from other countries such as the U.S., Mexico, China, and Germany. The country has a limited presence of medical device packaging manufacturers due to inadequate domestic production of medical devices.
Saudi Arabia has launched VISION 2030, which aims to diversify the economy and promote industries other than crude oil by establishing partnerships with international and domestic players.
Reasons to subscribe to Saudi Arabia medical device packaging market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia medical device packaging market databook
-
Our clientele includes a mix of medical device packaging market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Saudi Arabia medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia medical device packaging market size, by material, 2017-2028 (US$M)
Saudi Arabia Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
