World medical device packaging product demand is expected to rise by 5.9% annually to reach $25.7bn in 2017, according to a new report.
The report titled "World Medical Device Packaging to 2017" noted that Western Europe, the US and Japan will divide almost 60% of the total amount.
As health care cost containment pressures and growing multiple supplier competition increase, the pricing sensitivity of medical device producers to packaging costs, these markets are set to expand slower compared to the global average.
The fastest growth in medical device packaging demand, according to the report, is expected to occur in India, Mexico, China, and various Africa/Mideast countries.
Through 2017 and beyond, containers will make up about 80% of medical device packaging and among other medical device containers, blister packs and glass vials are said to account for the fastest expanding demand.
The study, which analyzes the world market for medical device packaging covering containers and related accessories, presents historical demand data (2002, 2007, and 2012) and demand forecasts for 2017 and 2022.