North America Medical Devices Packaging - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The NA Medical Devices Packaging Market size is estimated at USD 15.5 billion in 2024, and is expected to reach USD 19.36 billion by 2029, growing at a CAGR of 4.54% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 1.47 million tonnes in 2024 to 1.82 million tonnes by 2029, at a CAGR of 4.34% during the forecast period (2024-2029).

The medical technology sector stands out as a beacon of success in United States manufacturing, blending swift innovation with precise product development and global distribution. Offerings span cutting-edge tools like nanotechnology and advanced imaging to everyday essentials like bandages and thermometers.

The rising prevalence of eye conditions like cataracts, glaucoma, and age-related macular degeneration fuels the demand for ophthalmic products. Consequently, there is a growing need for specialized packaging to ensure the safety and efficacy of these products.

Additionally, the increase in cosmetic surgical procedures in the United States contributes to the rising demand for medical device packaging. As more individuals opt for cosmetic enhancements, the need for packaging solutions that cater to these specialized devices grows.

Key Highlights

• The rising number of surgeries in North America is driving a significant increase in the demand for medical device packaging products. As the volume of elective and non-elective procedures increases, there is a corresponding need for high-quality packaging solutions to ensure the sterility and safety of surgical instruments. This trend is particularly noticeable among older adults, who are not catching up on elective procedures like hip and knee replacements that were postponed during the pandemic. The pent-up demand for elective procedures will likely continue fueling growth for medical device manufacturers, especially those producing automated equipment.
• The medical device packaging sector is experiencing a surge in growth, primarily fueled by the escalating demand for single-use medical devices. This heightened demand directly responds to the growing emphasis on infection control, with single-use devices significantly mitigating the risk of cross-contamination among patients. As healthcare institutions increasingly prioritize patient safety, the necessity for dependable, sterile packaging solutions has risen sharply, catalyzing a pronounced expansion within the packaging industry.
• The cost of packaging materials is a significant component of overall expenses. Opting for the right materials is paramount to safeguarding the integrity of medical devices. Common options range from plastics, glass, and aluminum to Tyvek and paper-based materials, each with distinct pros and cons based on the product's requirements. Technological advancements have ushered in diverse packaging solutions, including blister packs, ready-to-use packaging, and trays. While these innovations promise enhanced safety, they often necessitate specialized equipment or processes, potentially elevating costs.

North America Medical Devices Packaging Market Trends

Ophthalmic Goods Segment Holds Major Market Share

• Ophthalmic equipment is a specialized segment of the medical device industry. It focuses on developing, distributing, and marketing devices for diagnosing, treating, and monitoring various eye-related conditions. North American Native individuals exhibit a higher prevalence of ophthalmic conditions than the rest of the world White individuals. These findings point to poorer eye health and a greater unmet need for eye care.
• As per the United States Centers for Disease Control and Prevention, Age-related macular degeneration (AMD) affects approximately 1.8 million Americans aged 40 and above. Notably, AMD stands as the primary contributor to sustained reading and vision challenges in the 65 and older demographic.
• With a surge in eye diseases, expanding ophthalmic product exports, increased R&D investments, and stringent packaging regulations, North America has cemented its position as the leading player in the global ophthalmic packaging market. The market is witnessing solid growth with constant launches by key global players.
• Moreover, Canada is witnessing a robust surge in ophthalmic interventions. According to the Conference Board of Canada, not only is the frequency of these interventions on the rise but the number of individuals undergoing at least one ophthalmic procedure is set to double in the upcoming decades.

Mexico is Expected to Witness Major Growth

• Mexico's medical device market prioritizes innovative, high-quality technologies that offer robust healthcare outcomes. Products that strike a balance between advancement and cost-effectiveness are poised for success. Demand is particularly high for medical devices in preventative care, diagnostic imaging, dental products, patient aids, orthopedics, and prosthetics. Bolstered by rising health expenditures and a penchant for adopting new technologies, Mexico stands out as a key player in the America’s medical device market.
• According to the International Trade Administration, US Department of Commerce, November 2023 publication, Mexico's production and export of medical devices, equipment, and instruments have been increasing in the past year since the 2020 post-pandemic period. As per the report, domestic production increased from USD 16.80 billion in 2020 to USD 17.31 billion in 2023. On the other hand, the export of medical instruments surged to USD 7.33 billion, up from USD 5.93 billion in 2020.
• Therefore, this constant increase in the medical device production and export trend is expected to be witnessed in the forecast period, positively impacting the demand for medical device packaging production across the country at the time of production and transport.
• The aging population has created a dependent market for the medical devices industry, as there is a growing demand for home care solutions among the elderly. Advances in medical device packaging have significantly broadened the scope of treatable conditions in a home care environment.
• According to World Bank data published in May 2024, the share of the 65+aged population in Mexico rose from 7.42% in 2017 to 8.32% in 2022. This growth depicts a constant dependency on medical devices across the market.

North America Medical Devices Packaging Industry Overview

North America’s Medical Devices packaging market is Semiconsloidated; Established brands are typically associated with strong performance, giving them a competitive edge. Furthermore, significant investments raise the exit barriers for current players, driving the industry toward heightened competition. Vendors are also bolstering their technological capacities, further intensifying market rivalry. Some of the major players operating in the region include Sonoco TEQ (Sonoco Products Company), Berry Global Inc., Brentwood Industries Inc., Spectrum Plastics Group (a DuPont business), and 3M Company.

• May 2024: 3M Company unveiled a USD 67 million expansion at its Nebraska safety protective gear plant. This installation of new production lines and process equipment will generate 40 job opportunities. Additionally, it disclosed plans to erect a 50,000-square-foot warehouse, currently under construction and slated for completion next year, as per an email to Manufacturing Dive.
• February 2024: Spectrum Plastics Group announced the expansion of its Costa Rica manufacturing site. Spectrum, operating from its manufacturing hub in Heredia, Costa Rica, specializes in supplying medical packaging tubing and assemblies to its Latin American clientele. To bolster its capabilities and enhance service efficiency, Spectrum is set to enlarge its Heredia facility from 36,000 to 52,000 square feet.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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