Medical Device Films Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2017 - 2027
- Transparency Market Research
Medical Device Films Market: Market Introduction
The medical device requires a packaging materials that perfectly secures it from moisture and damage. Medical device films give solution to this, by protecting devices physically, mechanically and environmentally. Medical device films provide aseptic packaging solution to devices. Medical device films are engineered to maintain sterility of the product by E-beam, steam, gamma rays and EtO. Medical device films have high deep drawing thermoformed capabilities, and have high yielding properties which ease work of a manufacturers, to form the desired shape. Medical device films are used for protecting surgical instruments, sterile barrier system etc. Medical device films are resistant to ultra-high moisture and oxygen. Medical device films are easily formed require less knife wear, this reduces cost and increases the efficiency of forming, sealing and filling machines.
Medical device films market: Market Dynamics
Medical devices films market is uplifted due to high moisture and tamper resisting properties. Medical device films are widely used in pharmaceutical industry, they are thermoformed into desired shapes to form, blisters, clamshell, and trays. Medical devices films are providing lightweight solutions and provide ease of opening to the packed product. They are manufactured from the variety of materials like PVC, PETG, APET etc. With advancement in technology, medical device films manufacturers are using composite materials that enhance performance of a packed product. Company named UFP Technologies, Inc. is using thermoplastic polyurethane (TPU) as a material that provides excellent resistance from fungus, water and abrasion. TPU resins are mixed with foams and specialty materials, to form composites that can be easily thermoformed and heat sealed. These features increase applicability and further fuels medical device films market. Another manufacturing company Tekni Films has provided ultra-high barrier PVDC coating film that replaces PETG, this provided a cost-effective solution. Medical device film has high gloss, surface finish, they are transparent in nature which helps consumers to check the condition of content, and this factor drives the medical device film market. Nowadays, consumers are in search of convenient packaging solutions which are chemical resistant, easy to carry, tamper resistant and medical device films provides solution to this. One of the restraining factor for medical device films market is that as medical device film manufacturers are looking towards cheaper solution that hampers the quality, and enters the food chain and further leads to other medical issues.
Medical device films market: market Segmentation
The global medical device market is segmented on the basis of material type
On the basis of material medical device films market is segmented as:
- Poly vinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
Medical device films market: Market Regional Overview
Global medical device films market is segmented into seven regions including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. In North America, manufacturers are working hard for developing machines and devices that ease work for healthcare sector these devices require efficient packaging solution, which drives medical films market over the region. Europe manufacturers are looking towards innovative solution like child resistant and tamper resistance features these factors further fuel medical films market. In Asia Pacific region, in countries like India and China per person spending in healthcare sector has increased, which creates opportunities for development manufacturing sites of medical device films.
Some of the key players of medical device films market are Klöckner Pentaplas, Tekni-Plex, UFP Technologies, Inc.,Berry Global Inc, RENOLIT.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
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