Parenteral Packaging Market To Receive Overwhelming Hike In Revenues By 2025

Parenteral Packaging Market Size, Share,
Trend, Outlook, Future Growth Analysis
And Synthesis By 2025
Parenteral packaging is the process of packaging drugs or other fluids to keep its potency and
therapeutic effectiveness intact throughout the time till the drug is administered. Parental packaging is
required to protect drugs from contamination and from the aseptic administration to the patient. On the
basis of materials parenteral packaging market is segmented into plastic & polymer and glass segments.
The plastic and polymer are more durably then glasses used for parenteral packaging. The
pharmaceuticals sector has witnessed significant technological advancements in the recent past. As a
result, recent advancement in routes of drug administration is shaping the market demand for parenteral
packaging.
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Continuous rise in chronic disease cases is expected to support the demand of parenteral drugs which in
turn support the growth of parenteral packaging market in the near future. Asthma is one of the major
chronic disease of air passages of the lungs. According to the World Health Organization (WHO) around
235 million people are suffering currently from asthma, it was estimated around 383,000 deaths occurred
due to asthma in 2015 and the strong risk factor for asthma are inhaled substances and particles that
causes allergic reaction which are exposed in environment. The fundamental causes of asthma can be
tobacco smoke, chemical irritants at the workplace and air pollution.
The global parenteral packaging market was valued at US$ 7,845.7 million in 2016 and is expected to
witness a robust CAGR of 11.1% during the forecast period (2017 – 2025)
Market Dynamics:
Increase in the prevalence of Alzheimer’s disease (AD) and aging population around the globe is
expected to favor the growth in parenteral packaging market. According to the World Health
Organization (WHO), the AD cases worldwide was estimated to be around 47 million and it will increase
around 75 million by 2030 and the number of cases is expected to triple by 2050, due to the high
prevalence rate and lack of healthcare services in rural areas. Also, increase in aging population and rise
in demand for medication in the treatment of lifestyle diseases such as diabetes, are the other factors
leading to the increase in use of parenteral drugs in developed and emerging economies. As per the
SeniorCare the U.S. aging population was estimated to be around 50,683,620 in 2016 and is expected to
be around 71,453,471 by the year 2030. And according to the National Institute on Aging (NIA)
population worldwide is around 8.5% and it will rise around 17% by the year 2050.
Increase in incidence of cancer around the globe expected to support the growth of parenteral packaging
market over the forecast period
North America holds the major market share, followed by Europe in the global parenteral
packaging market. This is mainly due to rise in cancer case is projected to favor the growth of
parenteral packaging market. According to the American Cancer Society (ACS) in the U.S. it
was estimated that in 2016 around 1,685,210 cases of cancer was diagnosed and around
595,690 cancer deaths occurred this is due to the high risk factors such as smoking of
cigarettes, consumption of alcohol and obesity rate this will led to the high proportion of
chronic diseases in the U.S.
Report includes chapters which deeply display the following deliverable about industry :
• Parenteral Packaging Market Research Objective and Assumption
• Parenteral Packaging Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Parenteral Packaging Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Parenteral Packaging Market, By Regions
• Parenteral Packaging Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Parenteral Packaging Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Parenteral Packaging Market Manufacturing Cost Analysis including Key Raw Materials and
Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Parenteral Packaging Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Market Top Key Players:
Key players in the parenteral packaging market include Gerresheimer AG, Schott AG, Becton, Unilife
Corporation, Inc, Dickinson and Company, Ypsomed Holding AG, West Pharmaceutical Services, Inc.,
SiO2 Medical Products, Terumo Corporation, Ompi, Stevanato Group and Nipro Corporation, Berry
Plastics Corporation, Becton Dickinson and Company, MeadWestvaco Corporation, Owens-Illinois, RPC
Group, Schott Pharmaceuticals Services Inc., and Graphic Packaging Group.
Detailed Segmentation:
Parenteral Packaging Market, By Technique:
•
Bags and bottles
•
Ampoules
•
Vials
•
Prefilled syringes & cartridges
•
Ready-to-mix-systems
Parenteral Packaging Market, By Material:
•
Glass
•
Plastic and polymer
•
PVC
•
polyolefin
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The global parenteral packaging market was valued at US$ 7,845.7 million in 2016 and is expected to witness a robust CAGR of 11.1% during the forecast period (2017 – 2025)