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The Global Pharmaceutical Packaging Equipment Market is expected to grow at a CAGR of 7.20% during the forecast period of 2017 to 2024.Global Pharmaceutical Packaging Equipment Market By Product Type (Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Pre-Filled Syringes, Medical Specialty Bags, Temperature Controlled Packaging, Pouches & Strip Packs, Pre-filled Inhalers, Vials, Ampoules, Medication Tubes, Jars & Canisters, Cartridges, Others),Application {(Veterinary Vaccines (Livestock Vaccines, Porcine Vaccines, Poultry Vaccines, Canine Vaccines, feline Vaccines, Equine Vaccines, Aquaculture Vaccines, Others), Drug Delivery (Oral Drugs, Pulmonary, Transdermal, Injectables, Topical, Nasal, Ophthalmic, IV Drugs, Others)},Raw Material (High Density Polyethylene, Polyester, Polypropylene, Low Density Polyethylene, Polyvinyl Chloride, Other Plastics/Polymers, Total Plastics, Paper & Paperboard, Glass, Aluminum Foil, Others), Purchase Organization (Manufacturer, Packaging Companies, Government Agencies), Geography.
Pharmaceutical packaging equipment refers to the packaging process for all the pharmaceutical preparations which involves operations from production through distribution. Packing involves everything such as dispensing, dosing and all the pharmaceutical products in use.
Rapid growth in the pharmaceutical industry and high research and development expenditure is driving the growth of this market.
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Major Market Drivers and Restraints:
• Expansion in generics market
• Government initiatives to decrease the healthcare expenditure
• Low labor costs
• Increase in number of drug manufactures in Europe and North America region
• High costs on equipments
• Increase in regulatory norms
• Increasing cost pressure
• Implementation of revamped packaging techniques
Market Segmentation:
The Global Pharmaceutical Packaging Equipment Market is segmented based on product type, application, raw material, purchase organization and geography.
Based on product type, the global pharmaceutical packaging equipment market is segmented into plastic bottles, blister packs, labels & accessories, caps & closures, pre-filled syringes, medical specialty bags, temperature controlled packaging, pouches & strip packs, pre-filled inhalers, vials, ampoules, medication tubes, jars & canisters, cartridges and others.
Global Pharmaceutical Packaging Equipment Market
On the basis of application the global pharmaceutical packaging equipment market is classified into veterinary vaccines and drug delivery.
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On The Basis of raw material, the global pharmaceutical packaging equipment market is segmented intohigh density polyethylene, polyester, polypropylene, low density polyethylene, polyvinyl chloride, other plastics/polymers, total plastics, paper & paperboard, glass, aluminum foil and others.
On The Basis of purchase organization, the global pharmaceutical packaging equipment market is segmented intomanufacturer, packaging companies, and government agencies.
Based on geography, the market is segmented into five geographical regions:
• North America
• South America
• Europe
• Asia-Pacific(APAC)
• Middle East and Africa(MEA)
Some of the major players operating in this market are
• I.M.A.
• IndustriaMacchineAutomaticheS.p.A
• Bausch andStröbelMaschinenfabrikIlshofen GmbHCo. KG
• Robert Bosch GmbH, Körber AG
• Marchesini Group S.p.A
• MULTIVAC, Uhlmann
• OPTIMA Packaging Group GmbH
• Romaco Group, Mg2 s.r.l
• Accutek Packaging Equipment Companies, Inc
• ACG World
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst callor can drop down your enquiry.
Demand Side Primary Contributors : Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
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