subject: World Medical Packaging Market Set To Be Worth $93bn In 2012 [print this page] A cutting edge research report has revealed that the value of the world pharmaceutical packaging market is to set to be worth $93.9 billion in 2012, which has been largely driven by developing economies and evolving technologies.
The study undertaken by Visiongain, sought the views from leading figures in the medical packaging market to try and discover the markets key drivers and areas where growth could be expected in the future.
Medical packaging is a crucial element of the medical transfer process and pharma companies have to comply with strict guidelines to make sure that they are fully compliant with the anti-tamper regulations.
In terms of material, health care packaging is formed of plastic, paper, metal and glass, and some of the sub-products produced include blister packs,caps and closures and prefillable syringes.
Furthermore, the leading research report reveals figures and projections for the current market outlook for the medical packaging market in ten leading national pharma markets, these come to include the UK, US, Brazil and China, as well as other world countries, and further debates developments in the healthcare packaging market between 2012 and 2022.
Moreover, the research suggests that drug demand and consumption will play pivot roles in helping shape the future of the world healthcare packaging market, along with the development of medical techniques that will help to fuel its growth.
"The global healthcare packaging market is a complex and large market," it declares.
"Also, being a vital industry, the healthcare packaging market is directly linked to economic development. As emerging economies grow, demand for healthcare packaging will increase, further strengthening the market."
However, there are likely to be many challenges:
Visiongain's study shows a number of developing trends and contemporary standards that will require medical packaging manufacturers to keep on their toes.
Some of the challenges include the increased usage of disposable medical products, ageing population, the ever increasing costs of raw materials, cost pressure on supplier and the impact of regulations.
"Countries continue to invest in healthcare development and corresponding strong demand is expected for healthcare packaging, allowing for robust market growth," the report adds.
"Furthermore, innovations driven by consumer preferences and environmental concerns will create new and exciting opportunities in the healthcare packaging market."
