Medical Packaging Market Size, Share & Industry Analysis -2028
The medical packaging market is projected to reach US$ 169,183.91 million by 2028 from US$ 109,238.35 million in 2021; it is expected to grow at a CAGR of 6.4% from 2021 to 2028.
Medical packaging is essential in sustaining product quality and encouraging safe and effective use. Packaging is done for the safety of medical products for storage, distribution, sale, and use. The material used for packaging is a sterile barrier system that safeguards the drugs, equipment, and other medical products. Also, the medical packaging requires a high quality of sterility to ensure that the product is free from contamination. These medical packaging systems increase patient safety and enhance packaging performance. Factors such as increased emphasis on convenience and environmental issues and rise in demand for counterfeit prevention mechanisms are driving the medical packaging market. However, fluctuations in prices of raw materials are expected to restrict the market growth to a certain extent during the forecast period.
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Medical Packaging Market: Strategic Insights
Market Size Value in US$ 109,238.35 Million in 2021 Market Size Value by US$ 169,183.91 Million by 2028 Growth rate CAGR of 6.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Medical Packaging Market: Strategic Insights
| Market Size Value in | US$ 109,238.35 Million in 2021 |
| Market Size Value by | US$ 169,183.91 Million by 2028 |
| Growth rate | CAGR of 6.4% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Insights
Rise in Demand for Counterfeit Prevention Mechanisms
Counterfeit medical products have been detected in most member states and all regions. Examples involved widely-used medicines such as atorvastatin or paracetamol; limited-use medicines such as growth hormone, paclitaxel, and filgastrim; and other kind of drugs such as sildenafil and tadalafil, as well as medical devices such as contact lenses, condoms, surgical mesh, and strips used by diabetic patients to monitor their blood glucose concentrations. Counterfeiting has affected both expensive and cheap products and generic and branded ones. Counterfeit products appear in community pharmacies, hospitals, and other less-regulated settings.
It is often assumed that high-income countries with solid regulatory systems can effectively exclude substandard and falsified medical products from their markets. However, the World Health Organization (WHO) analysis shows that this is not necessarily the case, as reports on these products have been submitted by countries in Western Europe and North America as well as other high-income settings. For example, a recent UK survey, carried out by Sapio Research and commissioned by a private company INCOPRO, concludes that almost one-third (32%) of those who have bought one or more counterfeit medicines have suffered a health issue as a result (INCOPRO, 2020). Numerous other documented cases in which patients have died or suffered harm due to an online purchase. As just one example, in 2013, people died after taking a counterfeit diet pill bought through an online drug seller. The pill, sold as a weight loss aid through many illicit online pharmacies, was actually a pesticide with lethal consequences for humans.
The threat that counterfeit medicines pose to the global pharmaceutical sector is immense. From fake formulations to issues in the manufacturing process, some industry figures believe we could be looking at revenue losses up to EUR 27 billion in Europe alone. The International Hologram Manufacturers Association (IHMA) is a good source of expertise in this field and highlights an industry report that indicates continued growth for anti-counterfeiting packaging technologies. According to the IHMA, the “Anti-counterfeiting, Authentication and Verification Technologies” report signals the added expertise holography brings to the authentication of packaging products. Technological innovation within the anti-counterfeiting, authentication, and verification technologies is a significant factor contributing to the market's growth.
The increasing demand for anti-counterfeiting techniques to protect the interests of patients has further strengthened the medical packaging's growth.
Type-Based Insights
Based on type, the medical packaging market is categorized into containers, pouches, trays, blister packets, vials, and others. In 2021, the containers segment held the largest share of the market, by type. The blister packets segment is estimated to grow at significant CAGR during the forecast period due to increasing product developments and product launches.
Material-Based Insights
Based on material, the medical packaging market has been segmented into polymer, foam, molded-fiber, non-woven fabric, films, paper & paperboard, and others. In 2021, the polymer segment held the largest share of the market, by material. Also, similar segment is expected to grow at the fastest rate during the coming years.
Application-Based Insights
Based on application, the medical packaging market has been segmented into medical devices, pharmaceutical and biotechnology, medical equipment & tools, and others. In 2021, the pharmaceutical and biotechnology segment held the largest share of the market. The same segment is estimated to grow at a significant CAGR during the forecast period due to the growing production of pharmaceutical and biotechnology product in the global markets because of the increasing prevalence of chronic diseases.
Various companies operating in the medical packaging market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain brand name, and meet the growing demand from end users.
Medical Packaging Market Report Scope
Medical Packaging Market – by Type
- Containers
- Pouches
- Trays
- Blister Packets
- Vials
- Others
Medical Packaging Market – by Material
- Polymer
- Foam
- Molded-Fiber
- Non-Woven Fabric
- Films
- Paper & Paperboard
- Others
Medical Packaging Market – by Application
- Medical Devices
- Pharmaceutical and Biotechnology
- Medical Equipment & Tools
- Others
Medical Packaging Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
South America (SAM)
- Brazil
- Argentina
- Rest of South and Central America
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material: Polymer , Type , Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Key factors that are driving the growth of this market include increased emphasis on convenience and environmental issues, rise in demand for counterfeit prevention mechanisms drive the growth of the medical packaging market.
Global medical packaging market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the U.S. is the largest market for medical packaging. The US is estimated to hold the largest share in the medical packaging market during the forecast period. The projected growth of the medical packaging market in the US is attributed to the rise in demand for counterfeit prevention mechanisms, increased emphasis on convenience and environmental issues. The Asia Pacific region is expected to account for the fastest growth in the medical packaging market. Rapid development of healthcare infrastructure along with pharmaceutical production hub is expected to impact the growth of the market in the region.
Medical packaging is essential in sustaining product quality and encourage safe and effective use. Packaging is done for the safety of medical products for storage, distribution, sale, and use. The material used for packaging is sterile barrier systems that safeguard the drugs, equipment, and other medical products. Also, the medical packaging requires a high quality of sterility to ensure that the product is free from contamination. These medical packaging systems increase patient safety and enhance packaging performance.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Medical Packaging Market – By Type
1.3.2 Global Medical Packaging Market – By Material
1.3.3 Global Medical Packaging Market – By Application
1.3.4 Global Medical Packaging Market – By Geography
2. Medical Packaging Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Medical Packaging Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South and Central America (SCAM) – PEST Analysis
4.3 Expert Opinions
5. Medical Packaging Market – Key Market Dynamics
5.1 Drivers
5.1.1 Rise in Demand for Counterfeit Prevention Mechanisms
5.1.2 Increased Emphasis on Convenience and Environmental Issues
5.2 Market Restraints
5.2.1 Fluctuations in Prices of Raw Materials
5.3 Market Opportunities
5.3.1 Growth in Demand for Sustainable Packaging Solutions
5.4 Future Trends
5.4.1 Integration of Internet of Things
5.5 Impact Analysis
6. Medical Packaging Market – Global Analysis
6.1 Global Medical Packaging Market Revenue Forecast and Analysis
6.2 Global Medical Packaging Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Medical Packaging Market Analysis – By Type
7.1 Overview
7.2 Medical Packaging Market Revenue Share, by Type (2021 and 2028)
7.3 Containers
7.3.1 Overview
7.3.2 Containers: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Pouches
7.4.1 Overview
7.4.2 Pouches: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Trays
7.5.1 Overview
7.5.2 Trays: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Blister Packets
7.6.1 Overview
7.6.2 Blister Packets: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Vials
7.7.1 Overview
7.7.2 Vials: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8. Medical Packaging Market Analysis – By Material
8.1 Overview
8.2 Medical Packaging Market Revenue Share, by Material (2021 and 2028)
8.3 Polymer
8.3.1 Overview
8.3.2 Polymer: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Foam
8.4.1 Overview
8.4.2 Foam: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Molded -Fiber
8.5.1 Overview
8.5.2 Molded Fiber: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Non-woven Fabric
8.6.1 Overview
8.6.2 Non-woven Fabric: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Films
8.7.1 Overview
8.7.2 Films: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8.8 Paper & Paperboard
8.8.1 Overview
8.8.2 Paper & Paperboard: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
9. Medical Packaging Market Analysis – By Application
9.1 Overview
9.2 Medical Packaging Market Revenue Share, by Application (2021 and 2028)
9.3 Medical devices
9.3.1 Overview
9.3.2 Medical Devices: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmaceutical and Biotechnology
9.4.1 Overview
9.4.2 Pharmaceutical and Biotechnology: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Medical Equipment & Tools
9.5.1 Overview
9.5.2 Medical Equipment & Tools: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
10. Medical Packaging Market – Geographical Analysis
10.1 North America Medical Packaging Market, Revenue and Forecast to 2028
10.1.1 Overview
10.1.2 North America Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
10.1.3 North America Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
10.1.4 North America Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
10.1.5 North America Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
10.1.6 North America Medical Packaging Market, Revenue and Forecast to 2028, By Country (%)
10.1.7 US: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.1.7.1 Overview
10.1.7.2 US Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
10.1.7.3 US Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
10.1.7.4 US Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
10.1.7.5 US Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
10.1.8 Canada: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.1.8.1 Overview
10.1.8.2 Canada Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
10.1.8.3 Canada Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
10.1.8.4 Canada Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
10.1.8.5 Canada Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
10.1.9 Mexico: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.1.9.1 Overview
10.1.9.2 Mexico Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
10.1.9.3 Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
10.1.9.4 Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
10.1.9.5 Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
10.2 Europe: Medical Packaging Market Revenue and Forecasts to 2028
10.2.1 Europe: Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.2 Europe Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
10.2.3 Europe Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.4 Europe Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.2.5 Europe Medical Packaging Market Revenue and Forecasts to 2028, By Country (%)
10.2.6 UK Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.1 UK Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.6.2 UK Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
10.2.6.3 UK Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.6.4 UK Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.2.7 Germany Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.7.1 Germany Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.7.2 Germany Medical Packaging Market Revenue and Forecasts to 2028, By Application (US$ Mn)
10.2.7.3 Germany Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.7.4 Germany Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.2.8 France Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.8.1 France Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.8.2 France Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
10.2.8.3 France Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.8.4 France Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.2.9 Italy Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.9.1 Italy Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.9.2 Italy Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
10.2.9.3 Italy Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.9.4 Italy Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.2.10 Spain Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.10.1 Spain Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.10.2 Spain Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
10.2.10.3 Spain Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.10.4 Spain Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.2.11 Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.11.1 Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.11.2 Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
10.2.11.3 Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
10.2.11.4 Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
10.3 Asia Pacific: Medical Packaging Market
10.3.1 Overview
10.3.2 Asia Pacific: Medical Packaging Market - Revenue and Forecast to 2028 (USD Million)
10.3.3 Asia Pacific: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.4 Asia Pacific: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.5 Asia Pacific: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.3.6 Asia Pacific: Medical Packaging Market, by Country, 2021 & 2028 (%)
10.3.7 China: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.7.1 China: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.7.2 China: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.7.3 China: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.7.4 China: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.3.8 Japan: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.8.1 Japan: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.8.2 Japan: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.8.3 Japan: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.8.4 Japan: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.3.9 India: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.9.1 India: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.9.2 India: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.9.3 India: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.9.4 India: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.3.10 Australia: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.10.1 Australia: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.10.2 Australia: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.10.3 Australia: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.10.4 Australia: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.3.11 South Korea: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.11.1 South Korea: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.11.2 South Korea: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.11.3 South Korea: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.11.4 South Korea: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.3.12 Rest of Asia Pacific: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.12.1 Rest of Asia Pacific: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.3.12.2 Rest of Asia Pacific: Medical Packaging Market, By Material, 2019–2028 (USD Million)
10.3.12.3 Rest of Asia Pacific: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.3.12.4 Rest of Asia Pacific: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.4 Middle East & Africa: Medical Packaging Market Revenue and Forecast to 2028
10.4.1 Overview
10.4.2 Middle East & Africa: Medical Packaging Market - Revenue and Forecast to 2028 (US$ Million)
10.4.3 Middle East & Africa Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
10.4.4 Middle East & Africa: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.4.5 Middle East & Africa: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.4.6 Middle East & Africa: Medical Packaging Market, by Country, 2021 & 2028 (%)
10.4.7 Saudi Arabia: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.7.1 Saudi Arabia: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.7.2 Saudi Arabia Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
10.4.7.3 Saudi Arabia: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.4.7.4 Saudi Arabia: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.4.8 UAE: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.8.1 UAE: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.8.2 UAE Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
10.4.8.3 UAE: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.4.8.4 UAE: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.4.9 South Africa: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.9.1 South Africa: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.9.2 South Africa Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
10.4.9.3 South Africa: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.4.9.4 South Africa: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.4.10 Rest of Middle East and Africa: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.10.1 Rest of Middle East and Africa: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.4.10.2 Rest of Middle East and Africa Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
10.4.10.3 Rest of Middle East and Africa: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.4.10.4 Rest of Middle East and Africa: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.5 South and Central America: Medical Packaging Market Revenue and Forecast to 2028
10.5.1 Overview
10.5.2 South and Central America: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.3 South and Central America: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.5.4 South and Central America: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
10.5.5 South and Central America: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.5.6 South and Central America: Medical Packaging Market, by Country, 2021 & 2028 (%)
10.5.7 Brazil: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.7.1 Overview
10.5.7.2 Brazil: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.7.3 Brazil: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.5.7.4 Brazil: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
10.5.7.5 Brazil: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.5.8 Argentina: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.8.1 Overview
10.5.8.2 Argentina: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.8.3 Argentina: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.5.8.4 Argentina: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
10.5.8.5 Argentina: Medical Packaging Market, by Application, 2019–2028 (USD Million)
10.5.9 Rest of South and Central America: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.9.1 Overview
10.5.9.2 Rest of South and Central America: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
10.5.9.3 Rest of South and Central America: Medical Packaging Market, by Type, 2019–2028 (USD Million)
10.5.9.4 Rest of South and Central America: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
10.5.9.5 Rest of South and Central America: Medical Packaging Market, by Application, 2019–2028 (USD Million)
11. Impact of COVID-19 Pandemic on Global Medical Packaging Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment Of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
11.6 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Amcor plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 DuPont de Nemours, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Mitsubishi Chemical Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SGD Pharma
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 3M
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 West Pharmaceutical Services, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Avery Dennison Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sonoco Products Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 CCL Industries Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 WestRock Company
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
Table 2. North America Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
Table 3. North America Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
Table 4. US Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
Table 5. US Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
Table 6. US Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
Table 7. Canada Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
Table 8. Canada Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
Table 9. Canada Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
Table 10. Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Type (US$ Mn)
Table 11. Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Material (US$ Mn)
Table 12. Mexico Medical Packaging Market, Revenue and Forecast to 2028, By Application (US$ Mn)
Table 13. Europe and Middle East and Africa Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn).
Table 14. Europe Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
Table 15. Europe Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 16. UK Medical Packaging Market Revenue and Forecasts to 2028, By Material US$ Mn)
Table 17. UK Medical Packaging Market Revenue and Forecasts to 2028, by Type US$ Mn)
Table 18. UK Medical Packaging Market Revenue and Forecasts to 2028, by Application US$ Mn)
Table 19. Germany Medical Packaging Market Revenue and Forecasts to 2028, By Application (US$ Mn)
Table 20. Germany Medical Packaging Market Revenue and Forecasts to 2028, by Type US$ Mn)
Table 21. Germany Medical Packaging Market Revenue and Forecasts to 2028, by Application US$ Mn)
Table 22. France Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
Table 23. France Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
Table 24. France Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 25. Italy Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
Table 26. Italy Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
Table 27. Italy Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 28. Spain Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
Table 29. Spain Medical Packaging Market, by Type – Revenue and Forecast to 2028 by Type (USD Million)
Table 30. Spain Medical Packaging Market, by Application – Revenue and Forecast to 2028 by Application (USD Million)
Table 31. Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028, By Material (US$ Mn)
Table 32. Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028, by Type (US$ Mn)
Table 33. Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028, by Application (US$ Mn)
Table 34. Asia Pacific: Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 35. Asia Pacific Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific Medical Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 37. China: Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 38. China: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 39. China: Medical Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 40. Japan: Medical Packaging Market, By Material– Revenue and Forecast to 2028 (USD Million)
Table 41. Japan: Medical Packaging Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 42. Japan: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 43. India: Medical Packaging Market, By Material– Revenue and Forecast to 2028 (USD Million)
Table 44. India: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 45. India: Medical Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 46. Australia: Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 47. Australia: Medical Packaging Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 48. Australia: Medical Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 49. South Korea: Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 50. South Korea: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 51. South Korea: Medical Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 52. Rest of Asia Pacific: Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of Asia Pacific: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of Asia Pacific: Medical Packaging Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 55. Middle East & Africa Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 56. Middle East & Africa: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 57. Middle East & Africa: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 58. Saudi Arabia Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 59. Saudi Arabia: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 60. Saudi Arabia: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 61. UAE Medical Packaging Market, By Material – Revenue and Forecast to 2028(USD Million)
Table 62. UAE: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 63. UAE: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 64. South Africa Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 65. South Africa: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 66. South Africa: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 67. Rest of Middle East and Africa Medical Packaging Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 68. Rest of Middle East and Africa: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 69. Rest of Middle East and Africa: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 70. South and Central America: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 71. South and Central America: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
Table 72. South and Central America: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 73. Brazil: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 74. Brazil: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
Table 75. Brazil: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 76. Argentina: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 77. Argentina: Medical Packaging Market, by Material– Revenue and Forecast to 2028 (USD Million)
Table 78. Argentina: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 79. Rest of South and Central America: Medical Packaging Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 80. Rest of South and Central America: Medical Packaging Market , by Material– Revenue and Forecast to 2028 (USD Million)
Table 81. Rest of South and Central America: Medical Packaging Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 1. Glossary of Terms, Medical Packaging Market
LIST OF FIGURES
Figure 1. Medical Packaging Market Segmentation
Figure 2. Medical Packaging Market Segmentation, By Region
Figure 3. Medical Packaging Market Overview
Figure 4. Containers Segment Held Largest Share of Medical Packaging Market
Figure 5. APAC to Show Significant Growth During Forecast Period
Figure 6. Medical Packaging Market, by Geography (US$ Million)
Figure 7. Global Medical Packaging Market – Leading Country Markets (US$ Million)
Figure 8. Global Medical Packaging Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East and Africa (MEA) PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Global Medical Packaging Market – Revenue Forecast and Analysis – 2021- 2028
Figure 15. Global Medical Packaging Market – By Geography Forecast and Analysis – 2020- 2028
Figure 16. Market Positioning of Key Players in Global Medical Packaging Market
Figure 17. Medical Packaging Market Revenue Share, by Type (2021 and 2028)
Figure 18. Containers: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Pouches: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Trays: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Blister Packets: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. Vials: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Medical Packaging Market Revenue Share, by Material (2021 and 2028)
Figure 25. Polymer: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. Foam: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Molded-Fiber: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. Non-woven Fabric: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 29. Films: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 30. Paper & Paperboard: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 32. Medical Packaging Market Revenue Share, by Application (2021 and 2028)
Figure 33. Medical Devices: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 34. Pharmaceutical and Biotechnology: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 35. Medical Equipment & Tools: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 36. Others: Medical Packaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America Medical Packaging Market Overview, By Country — 2021 (US$ Mn)
Figure 38. North America Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 39. North America Medical Packaging Market, Revenue and Forecast to 2028, By Country (%)
Figure 40. US Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 41. Canada Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 42. Mexico Medical Packaging Market, Revenue and Forecast to 2028 (US$ Mn)
Figure 43. Europe: Medical Packaging Market Revenue Overview, by Country, 2021 (US$ MN)
Figure 44. Europe Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 45. Europe Medical Packaging Market Revenue and Forecasts to 2028, By Country (%)
Figure 46. UK Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 47. Germany Medical Packaging Products Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 48. France Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 49. Italy Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 50. Spain Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 51. Rest of Europe Medical Packaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 52. Asia Pacific: Medical Packaging Market, by Key Country – Revenue (2021) (USD Million)
Figure 53. Asia Pacific Medical Packaging Market Revenue and Forecast to 2028 (USD Million)
Figure 54. Asia Pacific: Medical Packaging Market, by Country, 2021 & 2028 (%)
Figure 55. China: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 56. Japan: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 57. India: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 58. Australia: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 59. South Korea: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 60. Rest of Asia Pacific: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 61. Middle East and Africa: Medical Packaging Market, by Key Country – Revenue (2021) (USD Million)
Figure 62. Middle East & Africa Medical Packaging Market Revenue and Forecast to 2028 (USD Million)
Figure 63. Middle East & Africa: Medical Packaging Treatment Market, by Country, 2021 & 2028 (%)
Figure 64. Saudi Arabia: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 65. UAE: Medical Packaging Treatment Market – Revenue and Forecast to 2028 (USD Million)
Figure 66. South Africa: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 67. Rest of Middle East and Africa: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 68. South and Central America: Medical Packaging Market, by Key Country – Revenue (2021) (USD Million)
Figure 69. South and Central America Medical Packaging Market Revenue and Forecast to 2028 (USD Million)
Figure 70. South and Central America: Medical Packaging Market, by Country, 2021 & 2028 (%)
Figure 71. Brazil: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 72. Argentina: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 73. Rest of South and Central America: Medical Packaging Market – Revenue and Forecast to 2028 (USD Million)
Figure 74. Impact of COVID-19 Pandemic in North American Country Markets
Figure 75. Impact of COVID-19 Pandemic in European Country Markets
Figure 76. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
Figure 77. Impact of COVID-19 Pandemic on Medical Packaging Market in Rest of the World
Figure 78. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets
The List of Companies - Medical Packaging Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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