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Medical Packaging Market Research Report - Global Forecast Till 2023

Medical Packaging Market Research Report - Global Forecast Till 2023

Medical Packaging Market Information: By Material (Film, Fabric, Tyvek), Type (Container, Vial, Tray, and Pouches), Application (Medicals, Research, Diagnostics, Plastic Industries), End User (Hospitals, Clinics, and Forensic) - Global Forecast till 2023 Market Scenario Medical packaging plays an important role in sustaining product quality and encourage safe and effective use. The growing market for implantable devices, growth of healthcare market, increasing awareness of healthcare in different region, especially in developing countries such as India and China are adding fuel to the global medical packaging market growth. Moreover, rising disposable income in developing countries increasing the expenditure on healthcare facilities. The improvement in technology of sustainable packaging and innovation in pharmaceuticals and life science are key drivers of the market. Packaging is the technology for the safety of medical products for distribution, storage, sale, and use. These packaging materials are an essential part of medical packaging that act as safeguard for drugs, equipment and the health of millions patients. The rising healthcare cost is likely to restrict the growth of the global medical packaging market over the forecast period. According to FDA, packaging also refers to the procedure of designing, evaluating and producing packages. Moreover all packaging materials must be examined to maintain quality standard and all the operation for packaging should be separated to avoid the chances of confusion between similar products. FDA regulation covers medical packaging under two part, that includes K--Labeling and Packaging, According to them, all the manufacturers shall ensure that device or drugs packaging and shipping containers are designed and constructed to preserve the device from damage during the customary conditions of processing, storage, handling, and distribution. The global medical packaging market is expected to grow at a CAGR of 6.3% during forecasted period 2017-2023.

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Thermal Paper Market Research Report - Global Forecast to 2023

Thermal Paper Market Research Report - Global Forecast to 2023

On the basis of region, North America accounted for the largest market share of 37.27% in 2016, with a market value of USD 1,197.4 Million. The region has witnessed increased demand of thermal paper, from POS application, mainly due to the high internet penetration in countries such as U.S. and Canada. The POS applications demand thermal paper for receipts, acknowledgements, and bills. The U.S. is the major market in North America. The country houses one of the biggest international retail chains such as Walmart and Amazon. This makes it an important market for thermal paper. Europe was the second-largest market in 2016, valued at USD 883.8 Million in 2016. The region accounts for increasing sales of retail industry, from both brick and mortar and online stores. The retail industry is seen pacing significantly, especially in the countries of Netherlands, U.K., and Germany. Hence, Europe is projected to grow at a CAGR of 4.38%. Asia Pacific region is expected to grow at the highest CAGR of 5.12% during the forecast period. The region is regarded as one of the fastest growing regions, in terms of sales from both retail and online stores. With increasing disposable income and changing consumer preferences, there has been an inclination towards purchasing from online platforms, especially the international ones such as Amazon. China is the major market in Asia Pacific region, owing to the increasing population and increasing demand for consumer goods.

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