medical device packaging design Archives - Business Intelligence

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medical packaging

Preparing Medical Packaging for the Circular Economy

Healthcare facilities usually generate about one million tons of clean, non-infectious healthcare plastics every year. This necessitates healthcare providers to find a way to minimize the waste stream and their consequent impact on the environment. Although challenging, a comparatively easy way for healthcare companies to achieve this is through design innovation, process improvement, and material optimization for medical packaging. Furthermore, increasing number of OEMs are expecting their partners to become environmentally responsible. Medical OEMs bidding for contracts must support responsible sourcing decisions, medical packaging recyclability, and identify the use of recycled materials in primary packaging. Some of the top medical device packaging companies are already aligning their operations to this agenda by increasing the emphasis on sustainability of their products. In this article, we have listed out some ways in which companies in the medical packaging industry can drive sustainability in their operations.

In the medical device packaging sector, the ability to innovate proactively with the changing demands is vital. Request a free proposal to know how we help companies in the sector to monitor market changes and undertake agile packaging decision-making.

Collaboration to develop circular economy products

Collaborating with a packaging partner at the earlier stages of the production process itself will help create innovative packaging that is both sustainable as well as serves the purpose of medical packaging. Designers in the medical packaging industry have already started working on ‘green designs’ that aims to reduce the energy use and materials required for production. Tools like design and package integrity simulation allows medical packaging companies to decide in the concept stage itself about the choice of design and how it will impact the performance of the package. This gives more confidence to medical packaging companies to go ahead with the prototyping and manufacturing stages.

Cost-saving transportation and logistics

Waste minimization in the medical packaging industry can not only be achieved by rethinking the packaging materials but also through planning the transportation costs and controlling CO2 emissions. Simulation tools can help medical packaging companies to lower their transportation and logistics costs.  By adopting strategies such as bulk freight shipment, medical packaging companies can reduce the impact of packaging on the environment and thereby reduces the transportation or inventory cost incurred by the company.

Want to know how your business can engage in sustainable practices while not hampering your profit margins? Get in touch with an expert for detailed insights.

Education and training on recycling programs

With the increased awareness around sustainability in medical packaging, there is a need for education and training programs to create awareness on reusing and recycling. Several medical packaging manufacturers are working with medical device OEMs to recover more plastic and divert it back into the circular economy. The rising concern over the environment necessitates medical packaging manufacturers to perform detailed assessments of healthcare plastics use through pilot programs and establish an appropriate recycling process for clinical settings.

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smart packaging

Smart Packaging: The Next Big Thing in the Pharma Industry

The growth in the global pharmaceutical industry will be driven by safety concerns and the ability of products to fit in the loop of connectivity and communication. Smart labels, QR scanning, brand protection, and identification are some of the aspects that indicate that smart packaging industry needs to evolve constantly to serve all product-shipping business verticals, including pharmaceuticals.

One of the key challenges faced by pharma companies today involves the increasing cost of bringing new formulas into the market. In the case of generic medicines, competition is becoming fierce. Furthermore, companies in the sector are increasingly experiencing pharmaceutical logistics challenges such as shortcoming relating to drug expiry date management, counterfeiting issues that jeopardize quality of care, and product degradation and recalls. A lot of effort is being put in by players in the sector to re-design pharma value chain and turning these roadblocks in opportunities. Among the several advanced techniques used by pharma companies for enhancing performance, smart packaging has been a breakthrough. Smart packaging is an advanced packaging system that can monitor changes in a product or its environment and help pharma companies to act upon these changes. Sensor-equipped smart packaging in the pharma industry can help track a product along the supply chain to the end-user.

There is no doubt these are exciting times in the pharmaceutical industry with advanced techniques such as smart packaging underway. But is your business prepared to accommodate these trends? Request a free proposal to know how our experts can help you best prepare for the changing market trends.

Benefits of smart packaging in the pharma industry

smart packagingTemperature control

If medicines are not stored at the right temperature, it can not only lead to product damage but can also prove to be dangerous for consumption. With smart packaging solutions for the pharmaceutical industry, it is now possible to create labels informing about a product’s temperature during the shipping process and storage. This helps doctors, pharmacists or patients to determine whether the drugs are safe to take or not.

Adhering to medication

Smart packaging for pharma products is a great way of reminding patients about adhering to the prescription. NFC tags used in smart packaging provide patients with enough information so that they know they are using the drug as intended. The information is often delivered in an interactive way on the patient’s smartphones, for instance via video.

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Stock control

Smart packaging will be beneficial for pharma companies to keep tabs on their stock and manage their inventory levels better. The sensors in smart packaging allows companies to check the stock level available with them and adjust the production and supply accordingly to prevent situations of understocking or overstocking.

Enhances clinical trials

Smart packaging solutions for clinical trials are largely focused on patient compliance and engagement. Sometimes, during a clinical trial, enrolled patients typically need to maintain records that document their drug administration. Many don’t take the time to do that real-time and, as a result, their data is subject to error. Smart packaging aims to avoid such errors by notifying the patients to take the medicine on time and recording the exact time that the medicine was consumed.

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Medical device packaging

Exceeding Sales Expectation and Realizing Savings of Over $2.7 Million for a Medical Device Packaging Company – Market Intelligence Solution

Medical Device Packaging Market Overview

As packaging plays a pivotal role in maintaining the quality of products in the medical device industry, an effective and safe packaging technique should be implemented to protect medical devices against external factors. However, following the packaging guidelines and strict regulatory standards of the FDA (Food and Drug Administration) is a major hurdle facing companies in the medical device packaging industry. Also, companies are under the need to stay abreast of market changes and create packaging materials that retain the quality of products and ensure durability in the long-run.

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Business Challenge

The client is a medical device packaging company based out of Europe.

The client wanted to understand the prevailing market dynamics in the US medical device packaging industry to create an informed expansion strategy. They wanted to examine critical factors including investment environment, industry development, and regional market changes. However, they needed a research partner to provide them with effective market assessment and industry research to guide their way forward. As such, they approached the experts at Infiniti Research to leverage their expertise in offering market intelligence solution.

Medical device packaging company challenge #1: Balancing industry compliance and innovation

Stricter FDA medical device packaging regulations in the United States necessitated companies to find new ways to meet industry standards while offering unique and user-friendly packaging. The client, therefore, wanted to understand the policies and regulations of the United States to successfully launch their medical devices in the market.

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Medical device packaging company challenge #2: Withstanding transportation challenges

As medical device packaging design must be sufficiently robust to withstand shipping through all types of climates and a variety of physical hazards, the client wanted to analyze medical device packaging materials gaining popularity in the US. In addition, the client wanted to understand how the top companies in the US medical device packaging industry tackled the rising transportation challenges and ensured products arrives at the hospital free of wear and tear.

Medical device packaging company challenge #3: Rising need for user-centric design

User-friendly packaging was also becoming a major focus of companies in the US medical device industry. The client, therefore, wanted to analyze the demand for different packaging materials the US. By doing so, they wanted to focus on building packaging materials that follow industry standards and meet the healthcare standards and requirements.

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Solutions Offered

The experts at Infiniti Research conducted US medical device packaging industry analysis. This phase of the engagement helped the client to gain a better understanding of the current and future market potential for their medical device packaging products in the US. Based on our insights, the client also gained an understanding of the market demographics and competitive scenario.

The next phase of the engagement involved market opportunity assessment. The insights obtained from Infiniti’s market opportunity assessment helped the client to review potential barriers to market entry, identify supply chain risks, and understand regulatory requirements in the US. In addition, the client was also able to identify medical device packaging trends and alternatives that need to be focused on in the coming years.

Infiniti’s market intelligence engagement also involved a competitive intelligence analysis. The insights obtained from this phase of the engagement helped the client to analyze top companies in the US medical device packaging market and understand their business strategies and plans. 

Also, by conducting a customer survey of healthcare companies in the US, the experts helped the client to understand the needs and demands of healthcare companies regarding packaging design.

“Infiniti Research is a trusted market intelligence provider. They helped us in developing action plans and marketing strategies to successfully establish our operations in the United States.” – The client

Results Obtained

The insights obtained from Infiniti’s market intelligence solution helped the client to analyze factors such as industry development, investment environment, US medical device packaging market size, and market opportunities. By understanding the policies and regulations of the United States, the client was able to clear the medical package testing procedures faster.

In addition, by identifying the supply chain risks in the market, they focused on designing products that are robust to withstand shipping through all types of climates and a variety of physical hazards. Within two years of entering the US medical device packaging market, the client was able to exceed their sales expectation and realize savings of over $2.7 million.

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