Published on : Jun 13, 2017
Albany, New York, June 13, 2017: The pharmaceuticals industry has experienced significant technological advancements over the last few years. When it comes to parenteral, there has been an explosion in packaging formats developed over the past 10 years. As a result, recent advancement in routes of drug administration is shaping the market demand for parenteral products. Considering this element, Market Research Hub (MRH) has recently broadcasted a study titled “Global Parenteral Packaging Market Research Report 2017” to its vast repository. This study encompasses valuable details on the current scenario global market of parenteral packaging, along with future growth predictions and examines the growth rate of the market for the period 2017-2022. The prime objective of this report is to offer insights into developments in the Parenteral Packaging market that are gradually helping transform global businesses.
Initially, the report begins with the executive summary and defining various categories and their usage in parenteral packaging. Packaging in parenteral is a process that allows the drug or other fluid to keep its potency and therapeutic effectiveness intact throughout the shelf life or until the time the drug is administered. As per the findings, growth of the global parenteral packaging market is specifically driven by the expansion of global pharmaceuticals industry. Shifting trend of primary packaging material from glass to plastic and polymer is an exclusive factor, which is anticipated to drive the parenteral packaging market in the near future.
Geographically, the market size and CAGR are compared with major geographical segments including North America, Southeast Asia, Europe, China, Japan and India. For each region, the report carried out details with production, consumption, Revenue (million USD), market share and growth rate of Parenteral Packaging. The study further reveals the market trends and market dynamics in all seven regions that are expected to positively affect the current market environment and future scenario over the forecast period of 2017 to 2022.
Moreover, the report has been analyzed on the basis of product type which mainly includes Glass, PVC, Plastic & Polymer; and Polyolefin. Among all the above-stated segments, it has been analyzed that the plastic & polymer segment is expected to witness the highest growth in the coming years. Based on end-users, the market has been categorized into Medical, Industrial and others.
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In the next section, the report highlights competitive landscape of the market, by profiling major players operating globally. They are Schott AG, Ypsomed Holding AG, Dickinson and Company, SiO2 Medical Products, Unilife Corporation, Gerresheimer AG, Terumo Corporation, Becton, Stevanato Group, West Pharmaceutical Services and Nipro Corporation.
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