Kenneth Research has recently added a report titled Pharmaceutical Packaging Equipment Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2024 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Global Pharmaceutical Packaging Equipment Market Analysis
According to Verified Market Research, the global Pharmaceutical Packaging Equipment Market was valued at USD 5.95 billion in 2017 and is projected to reach USD 9.98 billion by 2025, growing at a CAGR of 6.7% from 2018 to 2025.
What is Pharmaceutical Packaging Equipment?
Pharmaceutical packaging, also known as drug packaging is defined as the packages and packaging processes used for pharmaceutical preparations. Packaging of pharmaceutical products and drug delivery systems is an important step in the pharmaceutical industry. Pharmaceutical packaging equipment is used for providing safety and quality of packaging for pharmaceutical products. It comprises of primary packaging equipment, secondary packaging equipment, and equipment for labeling and serialization. These equipment are modern, flexible, automated and are integrated to meet pharmaceutical products necessities. With the expansion of pharmaceutical industries, the pharmaceutical packaging equipment market is expected to grow simultaneously.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Pharmaceutical Packaging Equipment Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing geriatric population, increasing demand for efficient packaging method, growing offshore manufacturing in the pharmaceutical market and regulatory compliance have been driving global pharmaceutical packaging equipment market. On the other hand, growing preference for refurbished packaging equipment might act as a restraint for the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Pharmaceutical Packaging Equipment Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Pharmaceutical Packaging Equipment Market Competitive Landscape
The “Global Pharmaceutical Packaging Equipment Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Romaco Pharmatechnik GmbH, MULTIVAC, Marchesini Group S.p.A., Korber Ag, Robert Bosch Gmbh, MG2 s.r.l., Uhlmann-Group, OPTIMA packaging group GmbH, I.M.A. Industria Macchine Automatiche S.p.A. and Bausch & Strobel Maschinenfabrik llshofen Gmbh Co. Kg.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Pharmaceutical Packaging Equipment Market Segmentation, by Product
• Liquids Packaging Equipment
o Aseptic Liquids Packaging Equipment
o Aerosol Packaging Equipment
o Syrup Packaging Equipment
o Eye/Ear Drop Packaging Equipment
o Others
• Solids Packaging Equipment
o Tablet Packaging Equipment
o Granule Packaging Equipment
o Capsule Packaging Equipment
o Powder Packaging Equipment
o Others
• Semi-Solids Packaging Equipment
o Suppository Packaging Equipment
o Ointment Packaging Equipment
o Cream Packaging Equipment
o Others
• Others
Global Pharmaceutical Packaging Equipment Market Segmentation, by Package
• Primary Packaging Equipment
o Aseptic Filling and Sealing Equipment
o Sachet Packaging Equipment
o Counting Machines
o Strip Packaging Equipment
o Bottle Filling and Capping Equipment
o Blister Packaging Machinery
o Others
• Secondary Packaging
o Cartoning Equipment
o Tray Packing Equipment
o Case Packaging Equipment
o Wrapping Equipment
o Palletizing and Depalletizing Equipment
• Labeling and Serialization Equipment
o Bottle & Ampoules Labeling & Serialization Equipment
o Datamatrix Labeling & Serialization Equipment
o Carton Labeling & Serialization Equipment
Global Pharmaceutical Packaging Equipment Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
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