Global Temperature Controlled Pharmaceutical Containers Market to Exceed Value of More than US$7 Bn by 2026 End

Published on : Jul 30, 2018

Albany, New York, July 30, 2018: A comprehensive study, titled “Temperature Controlled Pharmaceutical Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)” has been publicized to the vast repository of Market Research Hub (MRH), which talks about the global and regional markets for the forecast period until 2026. Vital facets such as market drivers, opportunities and restraints are part of this study which helps in understanding the actual market scenario in the coming years.

With an extensive forecast till 2026, the study analyzes and predicts the market for temperature controlled pharmaceutical containers at the regional level. To be precise, the market status in the coming years has been estimated on the basis of revenue (US$ Mn) from 2017 to 2026, whereas 2016 as the base year. It has been analyzed that several developments in temperature controlled pharmaceutical containers industry are taking place, the analysis of which is included in this research report.

Key Highlights from the Study

•             Temperature controlled pharmaceutical containers are used for packing OF pharmaceutical products that are highly reactive to temperature. According to the study findings, there are several features that are driving the use of temperature controlled pharmaceutical products, such as, growing focus on reducing wastage of pharma products and useful biologics, rising demand for temperature controlled packaging solutions in pharmaceuticals and increasing focus on new drug development along with increasing clinical trials for treatment of chronic diseases.

•             Considering the above facts, analysts find that the global market is expected to expand at a stellar CAGR during the forecast period. Additionally, the global market for temperature controlled pharmaceutical containers is estimated to touch an estimate of more than US$ 7 Bn by the end of the year of assessment from a value of around US$ 3 Bn in 2017.

•             Moreover, key trends that are powering the demand and adoption of temperature controlled pharmaceutical containers are also included in this extensive market research study. For a better understanding, the research includes a geographical analysis which highlights key regions where the market stands to gain. Key regions outlined in the study include Europe, APEJ, North America, Japan, Latin America and MEA. Amongst, the temperature controlled pharmaceutical containers market in the Asia Pacific excluding Japan region is expected to expand at the highest rate until the end of 2026.

•             Apart from geographical segregation, the research has been segmented on the basis of control type, form type, application and content type. By content type, the study covers vaccines/drugs (IV), reagents, samples and genetic materials. Application-wise segmentation includes frozen, ambient and chilled. By control type, the study includes active and passive. Major form type includes chest style and upright style.

The research study also offers a detailed competitive assessment of the key market participants in the temperature controlled container market. Some of the major companies in the market are Sonoco Products Company, va-Q-tec AG, American Aerogel Corporation, Pelican Biothermal, Sofrigam SA Ltd., Cryopak, ACH Foam Technologies LLC, Toshiba Medical Systems Corporation, Cold Chain Technologies, Envirotainer Ltd., Inmark Packaging, Sciencesoft USA Corporation, Siemens Healthineers, and Xinapse Systems Ltd.

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