MARKET OVERVIEW
When deciding on device containment, there are two roads medical device manufacturers can choose: a die-cut backer card or thermoform trays. The die-cut backer card typically takes less than half time as compared to the thermoformed tray. Additionally, they possess the capability to be customized with tabs and other features that hold the device to the backer and have the unique ability to offer 360-degree wrap-around protection that is not possible in a thermoformed tray. The demand for the die-cut backer card is best suited for a medical device to lock all components in one place. Furthermore, die-cut backer cards are composed of coil products, tubing, catheters, and devices containing sharp features that could puncture a pouch.
MARKET SCOPE
The "Global Die-Cut Backer Card Market Analysis to 2028" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on global market trend analysis. The purpose of this report is to provide an overview of the die-cut backer card market, as well as detailed market segmentation based on product and application. Additionally, the report offers key statistics on the market status of the leading die-cut backer card market players, as well as key market trends and opportunities.
MARKET SEGMENTATION
By type, the market is segmented as high-density polyethylene (HDPE) and solid bleached sulfate coated paperboard.
Based on application, the market is segregated as hospitals, clinics, ambulatory surgical centers, and others.
MARKET DYNAMICS
Drivers-
The die-cut backer card is the best option for packing all the components and devices to be locked in a single place and acting as the best recyclability option. Such factors have a positive influence on the overall growth of the global market.
The Healthcare industry has witnessed unprecedented growth in utilizing die-cut backer cards owing to impressive sustainability features resulting in the ultimate development of the global market.
Restraints-
Product recalls by the authorized bodies act as the most restraining factor responsible for the sluggish growth of the overall market.
REGIONAL FRAMEWORK
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates for five major regions, namely North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SACA), from 2019 to 2028. Each region's Die-Cut Backer Card market is further subdivided by respective countries and segments. The report analyses and forecasts 18 countries globally, as well as the current trend and opportunities in the region.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for each of the five regions, namely North America, Europe, APAC, MEA, and South and Central America after assessing the political, economic, social, and technological factors influencing the die-cut backer card market in these regions.
Impact of COVID-19 on Die-Cut Backer Card Market
According to the World Health Organization (WHO) report, the pandemic has resulted in a dramatic loss of human life globally, presenting unprecedented challenges such as disruption of the supply chain. Apart from that, the supply chain disruption had a severe impact on the die-cut backer card due to issues such as export and travel restrictions by some producing countries, and lockdowns forced suppliers to shut down temporarily. The die-cut backer card has been affected severely amid the COVID-19 pandemic due to the shortage of raw materials available for the manufacturers for producing end-products. Furthermore, accelerating prices related to raw material is responsible for the sluggish growth of the overall market.
KEY MARKET PLAYERS
The report covers key developments in the die-cut backer card market with focus on two main strategies such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies that includes new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities normally includes strategic acquisitions, and partnership & collaborations between the companies. These activities have paved way for the expansion of business and customer base of market players. The market payers from die-cut backer card market are anticipated to lucrative growth opportunities in the future with the rising demand for die-cut backer card in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the die-cut backer card market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- UFP Technologies, Inc.
- PMC Medical Packaging
- Nelipak Healthcare
- OLIVER
- Placon
- Beacon Converters
- The Carnegie Textile Co.
- Packaging Compliance Labs LLC
- Kokorosa
- WizardPins
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.