GCC Medical Packaging Market

GCC Medical Packaging Market Overview

Medical packaging refers to the type of packaging that includes blister packaging, wraps, multi-compartment pouches, cartons, and others to protect medical products including medicines, vaccines, surgical equipment, medical devices, and others. The medical packaging helps in minimising the risk of contamination involved in device transportation, storage and use.

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Major GCC Medical Packaging Market Drivers

Rising healthcare awareness among population, growing prevalence of chronic diseases, the recent outbreak of COVID 19 pandemic, and increasing demand for sustainable packaging solutions in the healthcare industry are some of the major factors expected to drive the growth of the medical packaging market in GCC. In addition, growing medical tourism industry, healthcare infrastructure developments, and expanding health insurance is further expected to contribute to the market growth.

Moreover, according to the Dubai Health Authority, 12 new private hospitals will be opened in Dubai by the year 2020 totalling the number of private hospitals in Dubai to 38. Major healthcare projects including Sultan Qaboos Medical City Complex in Barka, King Faisal Medical City in Asir, King Abdullah Medical City in Bahrain and others are expected to promote the growth of the market. Furthermore, rise in the adoption of digital technologies including IoT in the medical industry, adoption of smart packaging equipped with near-field communication (NFC), radio-frequency identity tags (RFID), sensors, Bluetooth and smartphones is expected to provide growth opportunities to the market.

Restraint in the GCC Medical Packaging Market

However, fluctuations in the raw material prices is expected to restraint the growth of the medical packaging market. Moreover, the complex process of designing, sterilizing, testing, validation processes, and inspection to ensure the appropriate standards including ISO9000: Quality Management Standard; PSO9000: Pharmaceutical Packaging Materials Standard; ISO 11607 standard, and others may further hamper the market growth.

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Material – Segment Analysis

Based on the material, plastic and polymer is projected to hold a notable market share. This can be attributed to their utilization for protecting healthcare products from damage; keep ingredients safe; and guarding against contamination. There has been a rising demand for plastic packaging, including thermoformed blister packs and trays, caps, bottles, vials, pouches, bags, and overwrap, IV bags and syringes owing to their compatibility with sterilization methods, ability to withstand the elevated temperatures, protective properties, and cost-effectiveness.

Application – Segment Analysis

Based on the application, devices is expected to hold a prominent share in the market owing to increasing demand for safe and sterile barrier intact packaging  that includes bags, overwraps, pouches, trays, and clamshells for the storage and shipping of medical devices including ventilators, ultrasound and MRI machines, PET and CT scanners, and x-ray machines, and others.

Packaging Type – Segment Analysis

Based on packaging type, trays is expected to grow at a high CAGR over the forecast period primarily due to their benefits of easy loading, sealing, and sterilizing for the packaging of medical products. Additionally, growing preference of thermoformed trays for packaging a medical device owing to their benefit of preventing the device from being damaged during transportation is further promoting the market growth.

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Country – Segment Analysis:

Based on country, UAE is expected to grow at a high CAGR over the forecast period primarily due to the increasing population, together with high levels of income, rising demand for better quality healthcare, and increasing government focus towards the growth of healthcare infrastructure. According to the International Trade Administration U.S., the UAE’s health expenditure reached a value of $15.5 billion in 2019 and it is projected to reach $20.5 billion by 2024. This is expected to support the market growth over the forecast period. 

Key Developments: 

• • In 2020, GlaxoSmithKline Plc (GSK) partnered with Neopharma for producing the first line of medicines packaged in the UAE. With this partnership, Neopharma is established as GSK’s third-party manufacturer for handling the Secondary Packaging process.

Segments covered in the Report:

The GCC Medical Packaging market has been segmented on the basis of material, application, packaging type, and country. Based on material, the market is segmented into plastic & polymer, paper and paperboard, nonwoven material, and others. Based on the Applications, the market is segmented into equipment & tools, devices, IVD, implants, and others. Based on Packaging type, the market is segmented into bags and pouches, trays, boxes, and others. Based on country, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait and Rest of GCC. 

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