NORTH AMERICA MEDICAL GRADE PAPER MARKET FORECAST 2023-2032

The North America medical grade paper market growth evaluation entails the assessment of the United States and Canada. As per the National Health Expenditure Accounts (NHEA), the United States’ healthcare expenditure grew 9.7% in the year 2020, equating to $4.1 trillion or $12,530 per person. Furthermore, health spending accounted for 19.7% of the country’s gross domestic product (GDP). The medical grade paper market growth in the United States is mainly credited to an increase in technical improvements, the well-established pharmaceutical industry, as well as the product’s rising usage in medical device packaging. According to the Congressional Budget Office’s (CBO) 2021 estimates, the United States pharmaceutical sector spent nearly $83 billion on research and development in the year 2019. Besides, from 2010 to 2019, the number of new medications licensed for sale increased by around 60% over the previous decade.

On the other hand, Canada has a significant economy along with one of the largest medical equipment markets across the globe. The country’s medical device sector is also advanced and mature, characterized by a notable demand for high-quality medical innovations. Moreover, imported medical equipment in Canada accounts for the vast bulk of those utilized in the nation’s healthcare system, thus further facilitating the demand for medical grade paper. As a result, these factors are expected to contribute to the growth of the medical grade paper market in North America during the forecast years.

The North America medical grade paper market is segmented into type, material, end-user, and application. The type segment includes coated paper and uncoated paper. Coated papers entail paper packaging with a silky, glossy, or matte finish, with a secondary layer. Moreover, they are coated by plastic, Teflon, polymers or other materials, which acts as an additional safety barrier while providing added rigidity. 

Conversely, owing to its dependability, coated paper is the dominating as well as the fastest-growing medical grade paper type in the market. It supports major sterilizing processes, as well. Furthermore, while coated paper stock is highly resistant to wear and tear, it also acts as an anti-bacterial coating, thus making the paper suitable for medical equipment.

Leading companies operating in the North America medical grade paper market are Nelipak Corporation, Amcor PLC, Cheever Specialty Paper & Film, etc.

Amcor PLC, headquartered in Switzerland, is a leading provider of packaging solutions. The company offers fiber, plastic, metal, and glass packaging products, including pet bottles, capsules and closures, specialty folding cartons, plastic bottles and jars, free films, wrappers, rigid containers, bags and pouches, laminates and flow packs. Their applications span various industries, such as food, healthcare, beverages, home care, specialty cartons, personal care, pet care, and other technical applications.