Albany, New York, January 7, 2019: The parenteral packaging market has grown significantly in the last few years owing to the increase in per capita expenditure of consumers combined with the introduction of health insurance. In 2017, the parenteral packaging market was worth $9,864.8 million and is predicted to record an impressive CAGR of approximately 5% through 2028.
Demand for parenteral packaging is primarily driven by growing emphasis on immunization in the global healthcare sector. Several vaccination plans such as National Vaccine Plan (NVP) and Global Vaccine Action Plan (GVAP) initiated by the governments to get rid of health issues such as polio and hepatitis will further fuel the growth of the parenteral packaging market.
The aforementioned insights are taken from the report titled, “Parenteral Packaging Market: Prefilled Syringes and Bags to Collectively Account for More Than 55% of the Overall Market Value During the Forecast Period: Global Industry Analysis (2013-2017) & Opportunity Assessment (2018-2028),” included recently in the vast repository of Market Research Reports Search Engine’s (MRRSE).
On the basis of material, plastic has been deemed to be the preferred material for production of parenteral packaging, because of its relative durability, flexibility, and lightweight. Lifestyle changes have resulted in higher prevalence of communicable and non-communicable diseases worldwide, particularly in emerging countries with comparative less robust healthcare facilities and access. This coupled with increasing geriatric population has been driving the demand for various pharmaceutical drugs and medical devices, which in turn will underpin sales of parenteral packaging in the near future.
Parenteral Packaging Market: Report Content
The market research report starts with a detailed analysis of the product – parenteral packaging. Various factors that impact the market growth have been included in this report. Various micro and macroeconomic factors affecting growth of the parenteral packaging market have been covered in this report.
Furthermore, key segments identified in the parenteral packaging market have been represented with the help of a taxonomy table. It also offers insights on the adoption and demand trends affecting the parenteral packaging market across various regions and countries in the world.
A well-structured process was put in place to gather important insights that are covered in this market report. Segmentation of the market has been included in the report to give readers detailed information about the market.
Parenteral Packaging Market: Competitive Landscape
The competition landscape covered in the research study is aimed at offering detailed insights on the strategies of key players present in the parenteral packaging market. This will help the readers and buyers of the market report to understand the report in detail.
The report also covers key market participants that are involved in developing and selling parenteral packaging. Additionally, to help the readers, key information such as – market shares, SWOT analysis, and key growth strategies of the key participants are covered in the report.
New market players along with established players in the market will most likely benefit with the strategies of the key players included in the concluding section of the parenteral packaging market report.
There are several key players present in the market, some of them are, West Pharmaceutical Services, Inc., UFP Technologies, Inc., Nipro Corporation, Schott AG, Baxter International Inc., UDG Healthcare plc, Baxter International Inc., Gerresheimer AG, Stevanato Group S.p.A., Becton, Catalent, Inc., Dickinson and Company, and many others.
Browse Full Global Parenteral Packaging Market Report with TOC : https://www.mrrse.com/parenteral-packaging-market
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