Stratview Research, a global market research firm announces the release of the report titled – Healthcare Packaging Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
Stratview Research has segmented the market By End-Use Type (Pharmaceutical, Medical Devices), by Product Type (Bottles and Containers, Vials and Ampoules, Cartridges and Syringes, Pouch and Bags, Blister Packs, Tubes, Paper Board Boxes, Caps and Closures, Labels, and Others), by Material Type (Glass, Plastic, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to this report, the healthcare packaging market is likely to witness a CAGR of 6.4% during the forecast period. Healthcare packaging involves the packaging of pharmaceutical products and medical devices. Based on the product type, the market can be segmented as bottles and containers, vials ampoules, cartridges and syringes, pouches and bags, blister packs, tubes, paper board boxes, caps and closures, labels, and others. Based on material type, it can be classified as glass, plastic, and others.
Market Dynamics
The prime factors that are driving the healthcare packaging market are-
- An increasing number of hospitals, therapeutic equipment manufacturers, and diagnostic centers,
- Increasing demand for microbial packaging
- Stringent regulations; and a growing aging population
- Expanding application range, technological advancements, and surge in demand from the Asia-Pacific region.
Key Players
- Gerresheimer AG
- Corning Incorporated
- Nipro Corporation
- SGD SA
- Stölzle-Oberglas GmbH
- Bormioli Pharma SRL
- Schott AG
- Shandong Medicinal Glass Co. Ltd.
- Beatson Clark PLC
- Arab Pharmaceutical Glass Co.
- Piramal Glass Pvt Ltd.
- Sisecam Group
Segment Analysis
Based on the product type, the market is segmented as bottles and containers, vials ampoules, cartridges and syringes, pouch and bags, blister packs, tubes, paper board boxes, caps and closures, labels, and others. Blister pack is expected to witness the fastest growth in the market owing to its excellent properties such as protection from moisture and a wide range of applications.
Based on the end-use type, the healthcare packaging market is segmented as pharmaceuticals and medical devices. The pharmaceuticals segment is expected to remain the larger end-use type of market owing to the increasing product range, rapidly growing healthcare infrastructure, and stringent regulations from governing bodies.
In terms of regions, North America is estimated to be the largest market for healthcare packaging during the forecast period. The USA is the largest market for healthcare packaging in the region. Established healthcare infrastructure, the presence of a large number of players, significant investment towards RD, and an aging population are some of the major factors driving the growth of the market in the USA. Europe and Asia-Pacific are also expected to witness a healthy demand for healthcare packaging owing to the rising elderly population, economic development in the region, increasing per capita income in emerging economies, and improving healthcare infrastructure.
Customize this report –
- Which are the factors impacting the Healthcare Packaging Market?
- How can any business develop revenue streams?
- What should be the growth strategy and strategy to make top customers shift towards your brand?
- Which noteworthy steps can one take to stay ahead of competitors?
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