Healthcare Packaging Market to Reach USD 117.2 Bn to 2018, States GMR Data in Its Report Published at MarketPublishers.com03 Jan 2018 • by Natalie Aster
LONDON – The healthcare packaging market is poised to generate USD 117.2 billion in revenue in 2018.
The value of the global pharmaceutical and medical devices market stands at USD 1.2 trillion, with the packaging being the prime requisite in transport and delivery of pharmaceuticals or medical devices. Packaging accounts for 6% to 10% of the overall sales of the healthcare marketplace. The healthcare packaging market is anticipated to grow from a value of USD 110 billion as of 2017 to generate USD 117.2 billion in revenue by 2018-end. The rate of growth of the sector is projected to post a CAGR of 8% during 2018 - 2028, which signifies the economic importance of the healthcare packaging market.
With the commercialisation of biologic/biosimilar drugs, with changes in disease pattern worldwide from virulent to noncontagious diseases, and the hike in self-administered drugs (SADs), particularly in the home-healthcare management of such noncontagious diseases as diabetes, autoimmune abnormalities, deep-vein thrombosis, vaccinations and biologics - packaging like prefilled syringes, inhalers, vials, and ampoules are seeing greater demand. Trends like telemedicine and POC diagnostics, generates a need for the suitable transport and distribution of such diagnostic agents - the POC diagnostics (alongside other medical devices like implants) are suitably packaged and transported in thermoformed containers.
In-demand research report “The Healthcare Packaging Market to 2028” created by GMR Data provides exclusive, unbiased insights into the market on a global level.
The study offers a definition of the marketplace, and gives a regulatory overview of healthcare packaging. It provides market segmentation by type, and country-wise. The report provides an assessment of the market growth drivers, restraints and challenges; keeps track of the trends prevalent in the industry. The report gives an exhaustive assessment of the competitive scene, and provides a granular analysis of top 8 market players. The study pinpoints the most lucrative areas in the industry and speculates on the market’s future prospects. The opinions of the experts are also available in the publication.
To find more comprehensive market research reports by GMR Data, visit its catalogue at MarketPublishers.com.