U.S. Medical Device Packaging Market Size & Outlook
U.S. medical device packaging market, 2017-2028 (US$M)
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U.S. medical device packaging market highlights
- The U.S. medical device packaging market generated a revenue of USD 7,504.8 million in 2020 and is expected to reach USD 11,640.7 million by 2028.
- The U.S. market is expected to grow at a CAGR of 5.6% 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 7,504.8 million |
| Market revenue in 2028 | USD 11,640.7 million |
| Growth rate | 5.6% (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, U.S. accounted for 33.9% 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 |
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U.S. 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 65.79% in 2020. Horizon Databook has segmented the U.S. medical device packaging market based on plastic, paper & paperboard, metal covering the revenue growth of each sub-segment from 2017 to 2028.
The U.S. has emerged as the largest market for medical device packaging on account of the robust medical sector and the presence of numerous entities catering to the healthcare domain. The country holds a competitive advantage in terms of instrumentation, technology, software development, and high investments in the R&D field, resulting in high production volumes of medical devices.
The collaborations by the medical device manufacturing companies with the technology and software developers have helped the market players produce the most advanced medical devices in the country. As innovation plays a vital role in the treatment and diagnostics of medical conditions, such initiatives by medical device makers are expected to fuel the growth of the industry even further.
The U.S. has the highest per-capita healthcare expenditure in the world, which stood at USD 10,966 in 2019. The national health expenditure in the year 2019 was 17.7% of its GDP. The country’s demography is changing with an increasingly aging population.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. medical device packaging market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical device packaging market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. medical device packaging market size, by material, 2017-2028 (US$M)
U.S. Medical Device Packaging Market Outlook Share, 2020 & 2028 (US$M)
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