Tag: medical packaging market

IR34

Medical Packaging Client Improve Supply Relationship with the help of Supplier Identification Engagement

supplier identification

LONDON: Infiniti Research, a global market intelligence solutions provider, has announced the completion of their latest supplier identification and profiling engagement for a medical packaging client. Medical packaging plays a vital role in preserving the health-based outcomes. Therefore, companies operating in the medical packaging industry are focusing on using modern technologies to improve the quality and cost-effectiveness of their offerings.

“The regulatory requirements laid out by the FDA and the increasing need for best-in-class medical packaging facilities are propelling the growth of this industry. Supplier identification engagement helps medical packaging clients to carry out a robust supplier selection process based on factors such as pricing, service, reliability, quality, and identify potential suppliers that can match their business requirements., “says an expert at Infiniti Research.

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The solution offered helped the medical packaging client to profile the right suppliers based on their characteristics. The client was also able to prioritize the suppliers and focus more on high-risk suppliers while simultaneously monitoring second-tier suppliers.

Additional Benefits of The Market Segmentation Solution

  • Understand the supplier strength and weaknesses to enhance the supply chain visibility.
  • Devise a scorecard to prioritize the needs of the customers.

To know more about how our supplier identification engagement  helped the medical packaging clientAsk an analyst


supplement market

Medical Packaging Client Optimizes their Marketing Campaigns with the help of Market Intelligence solution

medical packaging

LONDON: Infiniti Research, a global market intelligence solutions provider, has announced the completion of their latest market intelligence analysis for a leading medical packaging client. Medical packaging plays a vital role in preserving the health-based outcomes. This is one of the main reasons why healthcare organizations are emphasizing the use of modern technologies to enhance the quality and cost-effectiveness of the products offered.

“The regulatory concerns laid out by the FDA and the rising need for promising medical facilities are contributing towards the rising demand for sophisticated packaging among the consumers. Market intelligence solutions help medical packaging companies to determine relevant market opportunities and make accurate and confident decisions, “says an expert at Infiniti Research.

 Request your FREE brochure today!

The solution offered helped the medical packaging client to identify the niche market segments and tailor their products and marketing efforts around the customer’s needs. With the help of the solution, the client was able to increase medical awareness and improve the demand for better healthcare and medical facilities.

Additional Benefits of The Market Segmentation Solution

  • Assess the preferences of the customers and offer products to suit their
  • Meet the growing medical demands by bringing about cost-effectiveness in their service offerings
  • To know more, request a free proposal

To know more about how our market intelligence solution helped the medical packaging clientAsk an analyst


Market Intelligence

Infiniti’s Supplier Identification and Profiling Helps a Medical Packaging Client Improve Supply Relationship

According to a recent research report, the medical packaging industry is expected to grow from 35.31 Billion USD in 2016 to 50.55 Billion USD by 2022.

Over the past few years, factors like increase in disposable income, changes in lifestyle, and relative advances in medical technology across the globe are fueling the demand for the medical packaging industry. Medical packaging plays a vital role in preserving the health-based outcomes. As a result, firms operating in the medical packaging space are emphasizing the use of modern technologies to improve the quality and cost-effectiveness of the products offered. Additionally, the regulatory concerns laid out by the FDA and the rising need for superior medical packaging facilities are contributing to the growth of this industry.

However, a few factors are expected to hinder the growth of the medical packaging industry in the coming years. These factors include:

  • Rising environmental issues: Today, companies within the medical packaging space need to ensure that the regulatory requirements are met before supplying the products to the end-users due to the stringent regulations by governments across the globe. Additionally, the rising environmental concerns are compelling medical packaging manufacturers to reduce pollution while managing the reduction of waste.
  • Fluctuating raw material prices: The medical packaging industry is facing constant pressures to maintain safety and stability in the products being offered even with fluctuations in the prices of these products. Additionally, the combination of economic uncertainty and price inflation is expected to pose a challenge on the medical packaging companies as it requires the use of several raw materials such as board, paper, and rigid plastics.

These factors are compelling firms across the medical packaging industry to leverage the use of robust supplier selection solutions. Supplier selection solutions help companies in profiling and shortlisting right suppliers from a pool of suppliers. IR_BrochureThese solutions also help firms carry out a robust selection process based on factors such as pricing, service, quality, reliability. Moreover, a reliable supplier selection engagement helps companies identify potential suppliers that can match their business requirements.

The Business Challenge

  • The Client: Medical packaging
  • Area of Engagement: Supplier identification and profiling

The client, a renowned company in the medical packaging space with business operations spread across the globe wanted to collect information from suppliers and set contract terms and negotiate with suppliers. Additionally, the client wanted to seek ways to define and measure the best value for the organization. With the help of supplier selection solution, they also wanted to understand the supplier characteristics and devise a scorecard to prioritize the needs of the customers.

Moreover, the primary objective of the client was to identify and profile potential suppliers and accordingly allocate resources to meet the business requirements.

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The Journey

Infiniti’s supplier selection specialists carried out extensive interviews and discussions with leading stakeholders within the medical packaging industry to identify the current suppliers. Additionally, the specialists also compiled information from a wide array of secondary sources such as paid industry database, company presentations, and industry forums to profile the competitor suppliers.

The Solution Benefits and the Business Impact

With the help of the supplier selection engagement, the medical packaging firm profiled the right suppliers based on their characteristics. Additionally, the engagement helped the client sought ways to improve the time-to-market for the products offering, drive customer demand, and build a strong brand reputation. The client was also able to prioritize the suppliers and increase their focus on high-risk suppliers while monitoring second-tier suppliers. This helped them measure supplier performance and understand the supplier strength and weaknesses to enhance supply chain visibility.

The Future

The medical packaging industry is expected to witness a gradual improvement in the raw materials used for the production of packaging materials. In the next few years, product offerings are expected to stronger, durable, and have a better design. Smart packaging, electronic tagging, and RFID technology are also likely to influence the growth of this industry.


A must-read case study for strategy specialists and decision makers looking to develop an understanding of the medical packaging industry

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IR14

Market Opportunity Study on Medical Packaging Films

Latest trends and stringent regulations in the healthcare industry are compelling market-leading companies to adopt new and advanced packaging solutions.

 

Healthcare is one of the top priorities for everyone, all around the world. It is also a buoyant packaging market whose needs and requirements are tied to crucial requirements for safe and effective medical packaging. An in-depth market entry analysis of the industry shows that recent healthcare improvements are dramatically increasing the life expectancy, and new treatments are increasing the quality of life. However, this progress is has created daunting economic challenges for companies looking to enter this dynamic market space.

For market-leading companies looking to establish themselves in this market space, it becomes imperative to meetcapture the vital requirements for safe and effective medical packaging. They must also challenge themselves to sharpen their competitive edge and associate with experts who have years of experience in offering solutions for the packaging of medical and dental products. With the growth of the healthcare industry across the globe, the demand for packaging solutions will subsequently increase. However, eminent factors such as healthcare cost reduction in the major markets coupled with cost sensitiveness due to rising completion in the market space may hamper the companies’ growth prospects.

At Infiniti, our “market entry strategy support” team understands that most companies looking to access this market lack insights on the crucial requirements for safe and effective medical packaging. With years of experience in offering effective market entry solutions for the healthcare sector, we understand that medical packaging requires attention to detail for everything ranging from temperature control to cost effectiveness. We also work closely with device engineers and medical manufacturers to understand the specific needs of their products. Our market entry strategy team also tracks recent developments and innovations in the market through secondary journals and reach out to relevant stakeholders to understand their views on the current and future market scenario.

The Business Challenge

With an aim to explore future growth opportunities and understand the market size for medical packaging films, the client – a global manufacturer of plastic packaging and protection products for healthcare, household, food, andcapture2 industrial applications – was looking to devise an effective market entry strategy for its medical packaging products. To help the client understand the potential for its medical products, an overview of the market, including an analysis of the key competitors, was offered. Furthermore, the market entry experts also analyzed end-user application segments such as forming films for syringes, feeding tubes, catheters, gauze, top webs (paper and film), pouches, header bags, films used in the surgical suite for back table covers, drapes and gowns, and IV pouches and over-wrap films trays for kits and suites.

The primary objective of this market opportunity study was to offer the client market potential assessment by sub-segments by analyzing the current size, CAGR, and market share assessment. Additionally, we also analyzed current gaps in the market and segments that are not served by existing vendors i.e. “market gap analysis.”

Infiniti’s market entry strategy support team also spoke to key stakeholders responsible for the sales and distribution of medical packaging films to understand how the market would grow in short and long term and also to validate the industry’s size and market opportunity study developed for this segment.

Why Infiniti Research is the preferred partner for more than 55 Fortune 500 Companies

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Solution offered and Business Impact

By assessing a wide array of published literature to develop an initial hypothesis, this market opportunity study offered the global manufacturer a market size assessment and share assessment by percentage and revenues for each competitor. Additionally, it also helped the business understand the market’s structure, price caps, regulatory compliances and their impact on product prices, and reimbursement figures for medical products across target regions.

In just five weeks, our market opportunity study helped the global manufacturer of plastic packaging and protection products understand the scope for their product’s marketability across regions such as the Americas, Europe, and Asia.

To assess the challenges specific to the medical packaging sector, Infiniti’s healthcare analysts have developed a comprehensive proprietary database consisting of information on more than two million industry experts, physicians, doctors,  key opinion leaders, payers, medical technicians, end-users, and patients.

What do the Clients Appreciate About our Approach?

In a relatively short period of time, just five weeks, the client – a global manufacturer of plastic packaging and protection products for healthcare, household, food, and industrial applications –  saw numerous benefits from our relationship. The benefit was not only in terms of understanding their products’ marketability across target regions but was also in terms of the experience we were staging for decision makers by exposing them to a new way of problem-solving.

Here are some of the key points appreciated by our clients

 

  • Dedicated Market Intelligence Portal. A centralized platform for the collection, storing, processing, reporting, and dissemination of information with the specific purpose of assisting the decision-making process and developing actionable insights. This portal includes comprehensive information on quantitative and qualitative aspects on target markets, competitors and end-users.
  • Collaborative learning. We leveraged experience of our healthcare team and our technical capabilities to enable report-sharing and other collaborative features appreciated by client teams.
  • Database Access. Access to a patient database containing information about 60+ medical diseases and conditions, such as patient undergoing treatment, untreated patients, and patients with chronic conditions.
  • Interactive Dashboard. Using our Portal based solution for healthcare professionals, we took a design-first approach to problem-solving and helped break through previously held assertions.
  • Value for Money. Infiniti’s dedicated client management team customizes reports to suit business requirements and offers the best insights for every dollar spent.

 

A must-read market opportunity study for strategy experts and decision makers looking for effective market entry strategy support for medical packaging films.

 

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Medical Films Packaging