According to Future Market Insight, Japan medical device packaging market is expected to rise at 4.8% to 5.2% CAGR. Japan will hold a prominent share of East Asia medical device packaging market by 2033.
High adoption of advanced medical technologies is driving Japan medical device packaging market. Increasing need for protecting medical devices from external factors will boost Japan market. This includes protection from contamination, mechanical damage, and ESD during storage and transportation.
In recent years, Japan has seen high demand for minimally invasive surgical procedures. This has led to a steady increase in the use of novel medical devices. As medical device packaging plays an important role in protecting and preserving medical devices, rise in their sales will elevate medical device packaging across Japan.
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Surgical procedures, especially minimally invasive ones, need specialized equipment. This in turn creates demand for appropriate medical devices secondary packaging.
Medical device packaging protects medical devices from damage and contamination. It eliminates the risk of disease transmission by maintaining package integrity.
Technological advancements in packaging materials will also boost Japan market. Advanced materials such as polyolefin foams and co-extruded films are being developed specifically for medical device packaging applications. These materials offer improved protection and great flexibility. This makes them ideal for medical device packaging.
One key strategy adopted by manufacturers is to focus on designing and developing packaging specifically tailored to the needs of individual surgeries.
Another key strategy adopted by manufacturers is to use light and durable materials for medical device packaging. This includes using materials such as PE and PLA. Such materials provide better protection and safety for medical devices and help reduce their cost.
Key Takeaways from the Medical Device Packaging Market
- The global medical device packaging market is set to expand at 3% CAGR between 2022 and 2037.
- Total market size for medical device packaging will reach 1 billion by 2027.
- Japan will hold a significant share of East Asia medical device packaging market by 2027
- Rising demand for minimally invasive surgeries will boost Japan medical device packaging market
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“Growing popularity of minimally invasive surgeries is generating high demand for compact advanced medical devices. Driven by this, sales of appropriate packaging such as secondary packaging will rise rapidly across Japan.” Says an FMI Analyst.
Competition Landscape in the Medical Device Packaging Market
Key manufacturers are focusing on introducing eco-friendly medical device packaging solutions. This includes using recyclable and biodegradable materials.
Takeda Pharmaceutical Company, Catalent, and Astellas Pharma are key companies in Japan medical device packaging market.
Recent Developments:
- In January 2023, by exchanging information on packaging technologies to reduce environmental burden, Astellas Pharma, Eisai, and Takeda Pharmaceutical Company hope to encourage the use of ecologically friendly packaging for pharmaceutical goods.
- In July 2020, Teva-Takeda Pharmaceuticals’ packaging factory located in Japan was purchased by Catalent.
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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