Medical Device Packaging Market is expected to expand at a CAGR of 6.4% from 2020 to 2028
Medical Device Packaging Industry Overview The global medical device packaging market size was valued at USD 29.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2020 to 2028. The increasing demand for medical devices such as surgical implants and instruments, medical supplies, electro-medical equipment, in-vitro diagnostic equipment and reagents, irradiation apparatuses, and dental goods has been driving the demand for medical device packaging products. Unhealthy lifestyles of people have been resulting in the high prevalence of chronic diseases, such as heart disease, cancer, diabetes, stroke, and arthritis, in recent years, especially in developed economies. These above-mentioned diseases require various medical equipment for diagnosing and treatment and have been contributing to the growth of the medical device market over the past five years. Gather more insights about the market drivers, restrains and growth...