Global Healthcare Vacuum Packaging Market Size (2024 - 2030)

The Global Healthcare Vacuum Packaging Market was valued at USD 11.82 Billion and is projected to reach a market size of USD 16.19 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4.6 %.The primary drivers projected to propel the market forward are the need for vacuum sealed products in the healthcare market to prevent contamination and the overall development of the healthcare and pharmaceutical markets in terms of technology and more.

Industry Overview:

Different types of microbes, organisms, germs and more grow and flourish in the presence of oxygen. Once any environment is cut-off from its oxygen supply the pre-existing microbes die and no new organisms can grow there. Vacuum packaging is the process that performs this task. Vacuum in any environment refers to the absence of oxygen. Vacuum packaging any object requires to put it in a special sealing machine and using different technologies to remove the air from it. The healthcare vacuum packaging finds its usage across several different areas like packaging drugs, instruments, machinery and more. Because the products are vacuum they are at the minimum risk of being contaminated and can thus be used on or for different patients. Healthcare vacuum packaging prevents contamination, risk of infection, spoiling of drugs, and various different potential hazards.

COVID-19 impact on the Healthcare Vacuum Packaging Market:

The COVID-19 pandemic that hit the world in 2020 took up everything by storm and left industries and lifestyles in disarray. A virus like this had never been dealt with at least not at such a massive scale. Because of this, governments established lockdowns across national and international borders aiming to stop the spread of virus as much as possible. It was an extremely contagious virus and thus severe precautions were necessary. The healthcare vacuum packaging market was hampered by this as all non-essential items were shut off and industries were shut down. The raw materials were difficult to obtain leading in supply chain issues and more. But the market is seeing a rise again as it has become a necessary to ensure the products obtained are seal more so than ever before so that they are not at the risk of further becoming virus carriers. Therefore, the market took a hit but it is estimated to recover well in the forecast period of 2023-2030.

Market Drivers:

The need for vacuum sealed products in the healthcare market to prevent contamination and the overall development is poised to drive the market growth for Healthcare Vacuum Packaging:

Healthcare products are extremely sensitive and they need to be dealt with extreme care. The products are being used on patients who generally are suffering with a weaker immune capacity because of their illness. It is important that the drugs they are given and the products used on them are completely sterile, which implies that the products have never been used before and are at the least risk of contamination. Vacuum sealing a product achieves similar result as sterility ensuring it’s not contaminated or doesn’t have any other infections. Also, vacuum sealing a product shrinks its size due to the loss of air which makes it easier for the product to travel and remain stable in harsh environmental and temperature conditions which is necessary for healthcare products. Thus the need for products to be free from contamination and easily storable and portable is driving the healthcare vacuum market.

The overall development of the healthcare and pharmaceutical markets in terms of technology help to drive market growth:

The healthcare and pharmaceutical markets have observed an all-time high in the recent past. The markets have also been able to witness some of the greatest technological advancements of all time. The hospital industry has seen the rise of new machines, technologies and more just to ensure their patient’s safety and prioritize their health. The discovery of various new drugs and the methods to package seal and transport them has immensely helped the pharmaceutical industry. Due to this the healthcare vacuum packaging is estimated to be indirectly affected and see a major rise during the forecast period of 2023-2030.

Market Restraints:

The Healthcare Vacuum Packaging Market's growth is being stifled by the high costs for the introduction of the technology and environmental effects of the by-products:

Healthcare products that require being vacuum sealed involve intensive processes and the use of large machineries and innovative technologies. Those machines need to handle a bulk of product in a certain amount of time. This makes it extremely expensive for smaller or medium sized companies. Beyond that the majority of materials being used in this process are polymers and plastics of some kind. They are not bio-degradable. Therefore once they are discarded they pose the risk of environmental damage and pollution. Because of this the vacuum packaging market’s growth is being hampered.

HEALTHCARE VACUUM PACKAGING MARKET REPORT COVERAGE:

This research report on the global Healthcare Vacuum Packaging Market has been segmented based on material Type, Machinery, Process, Packaging, and Region.

Healthcare Vacuum Packaging Market- By Material Type

• Polyethylene

•  Polypropylene

•  Polyamide

•  Ethylene Vinyl Alcohol

• Others

Polyethylene has held the largest market share for the market based on the material type. They are easy to access, very cheap and have low softening points. Because of this they can be readily available and soften early so less energy is required.

Healthcare Vacuum Packaging Market- By Machinery

• Thermoformers

• External Vacuum Sealers

•  Tray Sealing Machines

•  Others

External vacuum sealers, as the name suggests, undergoes the process outside the machine. The product is put into a vacuum sealed bag which is then sealed without putting it completely into the machine. Thermoformers or thermoforming machines are used to vacuum seal a product by inserting it into a machine and letting the machine work. The color, size, transparency can all be customized as required. Tray sealing machines helps to put a vacuum sealed lid directly over a tray of products so that they can be sealed together and individual process is not required.

Healthcare Vacuum Packaging Market- By Process

• Skin Vacuum Packaging

• Shrink Vacuum Packaging

• Others

Skin vacuum packaging is done by loading any particular product into the desired container. It is double the protection as a softened film is applied directly over the product and a lower film is applied in the vacuum chamber. Shrink vacuum packaging uses relatively thinner films so that they can be vacuum sealed and the size of the product can be decreased making it easy to carry.

Healthcare Vacuum Packaging Market- By Packaging

• Rigid Packaging

• Flexible Packaging

• Semi-Rigid Packaging

Flexible packaging has held the largest market share in terms of packaging for the healthcare vacuum packaging market and will continue to do so in the future. It is extremely popular because of its versatility to be used for dry as well as liquid products and mold according to requirements.

Healthcare Vacuum Packaging Market- By Region

• North America

• Europe

• Asia-Pacific

• Rest of the World

North America held the largest market share in the healthcare vacuum packaging market as it amounted to over 1/3^rd of the total market value. This can be attributed to the increase in developments of the healthcare sector in USA and Canada primarily.

Owing to development of healthcare industry in countries like China, India, South Korea and Japan, Asia-Pacific is estimated to grow at the fastest rate during the forecast period of 2023-2030.

Major Key Players in the Market

1. Amcor Limited
2.  Bemis Company, Inc.
3.  Berry Plastics Corporation
4.  Sealed Air Corporation
5.  Coveris Holdings S.A.
6.  CVP Systems, Inc.
7.  Linpac Packaging Limited
8. Multisorb Technologies, Inc.
9.  ULMA Packaging
10.  Sealer Sales, Inc.

Market Insights and Developments

• In May 2020, IDVAC Ltd. developed a new technique to deposit a vacuumed layer of polymer on top of existing polyester and fabric. This has been tested by a famous UK agency and has shown considerable anti-microbial properties.
• In March 2023, TransMed7 LLC, developed clinical uses for the VacuPac which can now be used to perform breast biopsies. It used the SIMC method which translates to Single Insertion Multiple Collection, which helps reduce the patient’s discomfort.