New York, NY -- (SBWire) -- 09/25/2014 --Packaging of pharmaceutical products and drug delivery systems is an essential step in the pharmaceutical industry. Pharmaceutical packaging equipment provides safety and quality of packaging for pharmaceutical products. Unlike traditional packaging systems, pharmaceutical packaging equipment used now a days are modern, flexible, automated and are integrated to meet pharmaceutical products requirements. Pharmaceutical packaging equipment includes primary packaging equipment, secondary packaging equipment and equipment for labeling and serialization. Pharmaceutical packaging equipment may be used for packing of solids, semi-solids, liquids and others. Pharmaceutical packaging equipment helps in reducing time for packaging of pharmaceutical products which helps to increase production and innovations in drug delivery systems and personalized drugs.
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North America has the largest market for pharmaceutical packaging equipment followed by Asia and Europe. This is due to increasing investment in novel drug delivery techniques, increasing awareness about healthcare sector and high healthcare spending in the region. Asia is expected to experience high growth rate in the next few years due to increasing contract manufacturing activities, rising aging population, government initiatives and growth in pharmaceutical sector.
Increasing demand for flexible and integrated packaging, rising incidence of diseases, innovations in drug delivery techniques and rapid growth of pharmaceutical industry are some of the key factors driving the growth for global pharmaceutical packaging equipment market. In addition, increasing generic and contract manufacturing activities are expected to drive the market for pharmaceutical packaging equipment in Asian countries, especially in India and China. However, high packaging cost, strict environmental and political norms and high competition between the market players are some of the major factors restraining the growth for global pharmaceutical packaging equipment market.
Growing demographics and economies in the developing countries such as India and China would lead to growth in pharmaceutical packaging equipment market in Asia. In addition, growing demand for primary pharmaceutical containers would develop opportunity for global pharmaceutical packaging equipment market. However, changing health regulations and availability and price volatility of raw material could lead a challenge for global pharmaceutical packaging equipment market. Companies involved in pharmaceutical packaging have been involved in saving operational cost. In addition, rising number of mergers and acquisitions, new product launches and increasing number of collaborations and partnerships are some of the trends that have been observed in global pharmaceutical packaging equipment market.
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Some of the major companies operating in the global pharmaceutical packaging equipment market are 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.
Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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Pharmaceutical Packaging Equipment Market - Global Industry Analysis and Forecast to 2020 by Persistence Market Research
Persistence Market Research Released New Market Report on “Pharmaceutical Packaging Equipment Market: Global Industry Analysis and Forecast to 2020” in the category "Healthcare"