Allied Development says the medical device and equipment industry garnered revenues of US$225 billion in 2004, with medical device revenues accounting for US$75 billion. The category, in total, is currently achieving 8.5% annual growth. The growth rate in medical devices is a little higher, at 9.4% AGR, due to high growth in such segments as orthopedics and stents.
The custom nature of the medical device industry results in many permutations of medical devices, which carries through to packaging requirements. Packaging designs, structure and graphics must accommodate the many device variations, says Allied Development.
Also, the report maintains that packaging materials, structures, and processes must come together to generate packaging in formats that packaging suppliers can sell and distribute. The most popular packaging formats for the medical device industry are pouches/bags, header bags, lidding material, forming web, and rigid trays.
Quantitative data are provided on the current and projected consumption for each of these packaging formats in the report. For more information, e-mail Steve Mogensen at [email protected].
--By Jim Chrzan, Publisher
The custom nature of the medical device industry results in many permutations of medical devices, which carries through to packaging requirements. Packaging designs, structure and graphics must accommodate the many device variations, says Allied Development.
Also, the report maintains that packaging materials, structures, and processes must come together to generate packaging in formats that packaging suppliers can sell and distribute. The most popular packaging formats for the medical device industry are pouches/bags, header bags, lidding material, forming web, and rigid trays.
Quantitative data are provided on the current and projected consumption for each of these packaging formats in the report. For more information, e-mail Steve Mogensen at [email protected].
--By Jim Chrzan, Publisher
