Market Overview and Dynamics
The North American medical packaging market is projected to grow from US$ 34,268.07 million in 2021 to US$ 51,905.62 million by 2028, reflecting a CAGR of 6.1% over the forecast period.
The Internet of Things (IoT) is transforming the healthcare packaging industry by enabling real-time tracking of shipments, monitoring medication adherence, and enhancing overall clinical workflows. By integrating IoT technology, medical packaging can now feature bi-directional communication, tracking capabilities, and status displays—offering unprecedented functionality.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00023862
One of the most critical applications of IoT-enabled packaging is ensuring proper medication adherence. Smart pharmaceutical containers can connect to cloud-based applications, allowing patients and doctors to input dosage schedules and receive audio-visual reminders. This innovation has the potential to revolutionize in-home healthcare, ensuring that medications are taken at the correct times and dosages for maximum efficacy.
Beyond patient care, IoT-driven smart packaging enhances security and traceability within healthcare environments. By incorporating electronic circuits or printed electronic elements that provide a unique digital signature, IoT packaging can help prevent counterfeiting and illegal recycling. This is particularly valuable in emerging markets, where counterfeit drugs and unsafe practices—such as the reuse of syringes and medical waste—pose significant health risks.
As the healthcare industry continues to embrace digital transformation, IoT-powered smart packaging is set to play a crucial role in improving patient outcomes, strengthening supply chain security, and reducing healthcare fraud.
Market Introduction
The North America medical packaging market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Manufacturing giant Siemens has also adopted a substance transparency policy as part of their broader “Product Eco Excellence” program. These declarations allow one to see not just the elements in these products but also their quantity. Further, Roche Diabetes Care offers services to help recycle their product packaging. The Swiss company’s insulin pump tubing comes in Tyvek plastic, which needs specialists to recycle correctly. By providing customers the means to send their packaging to a recycling center, they can make sure that the packaging does not end up in a landfill. In addition, medical device manufacturers are fostering eco-friendly consumers by promoting sustainable practices. Conferences like CleanMed showcase the ways healthcare companies are going green, inspiring other businesses and individuals to take similar steps in their work and lives. Rising awareness about environmental issues and increasing government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical devices and pharmaceutical vendors provide scope for the expansion of the medical packaging market.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of medical packaging manufacturing activities. Downfall of other healthcare products manufacturing sectors has negatively impacted the demand for medical packaging during the early months of 2020. Moreover, decline in the overall packaging materials manufacturing activities has led to discontinuation of medical packaging manufacturing projects, thereby reducing the demand for medical packaging. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
North America Medical Packaging: Strategic Insights
Strategic insights into the North America medical packaging industry provide a data-driven analysis of the market landscape, covering key trends, major players, and regional dynamics. These insights offer actionable recommendations, helping businesses identify untapped opportunities and develop unique value propositions to gain a competitive edge.
By leveraging data analytics, industry stakeholders—including investors, manufacturers, and suppliers—can anticipate market shifts and adapt accordingly. A forward-thinking approach is crucial for long-term success in this evolving sector. Ultimately, these strategic insights enable informed decision-making, driving profitability and business growth within the North American medical packaging market.
North America Medical Packaging Market Segmentation
| Category | Subcategories |
| By Material | Polymer, Foam, Molded-Fiber, Non-Woven Fabric, Plastic, Films, Paper & Paperboard, Others |
| By Type | Containers, Pouches, Trays, Blister Packets, Vials, Others |
| By Application | Medical Devices, Pharmaceutical & Biotechnology, Medical Equipment & Tools, Others |
| By Country | US, Canada, Mexico |
| Company Profiles | Amcor plc., DuPont de Nemours, Inc., Mitsubishi Chemical Corporation, SGD Pharma, 3M, West Pharmaceutical Services, Inc., Avery Dennison Corporation, Sonoco Products Company, CCL Industries Inc., WestRock Company |
North America Medical Packaging Regional Insights
The geographic scope of the North America Medical Packaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
In 2021, the polymer segment dominated the North America medical packaging market by material, holding the largest share. By type, the containers segment led the market in the same year. Meanwhile, the pharmaceutical & biotechnology segment was the largest by application in 2020.
Major Sources and Companies
This report on the North America medical packaging market leverages key primary and secondary sources, including:
- Company websites
- Annual and financial reports
- Government publications
- Statistical databases
Prominent companies featured in the report:
- Amcor Plc.
- DuPont de Nemours, Inc.
- Mitsubishi Chemical Corporation
- SGD Pharma
- 3M
- West Pharmaceutical Services, Inc.
- Avery Dennison Corporation
- Sonoco Products Company
- CCL Industries Inc.
- WestRock Company
Why Purchase This Report?
- Gain insights into the North America medical packaging market and pinpoint high-growth segments for strong returns.
- Stay competitive by understanding evolving market dynamics and key players.
- Strategize M&A and partnerships by identifying the most lucrative market segments.
- Make informed decisions with detailed analysis of market performance across segments.
- Access revenue forecasts for various market segments from 2019 to 2028 in North America.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
