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What are the healthcare packaging market opportunities and threats faced by the key vendors?

Tuesday, October 18, 2016 2:15
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(Before It's News)

The healthcare industry has observed a shift in preference from hospital care to home healthcare over the last decade. This is expected to lead to a significant growth in the demand for healthcare products during the forecast period. In addition, increased healthcare spending will drive the market. According to the Centre for Disease Control and Prevention (CDC), healthcare expenditure in the US increased from 2.9% of the GDP in 2013 to 5.3% of the GDP in 2014 to reach $3 trillion or around $9,523 per person.

The analysts forecast global healthcare packaging market to grow at a CAGR of 6.32% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global healthcare packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sale of all forms of primary and secondary packaging to healthcare companies for delivery of medicines, healthcare products, medical devices, and medicated food supplements have been taken into account.

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Key players in the global healthcare packaging market: Amcor, Baxter, BD, Bemis, Gerresheimer AG, and Schott. Other prominent vendors in the market are: Alexander, American Health Packaging, AptarGroup, Barger Packaging, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Steripack, Vitro, and Winpak.

Commenting on the report, an analyst said: “Increase in demand for blister packs will be one of the major trends in the market”.

According to the report, the increased demand for pre-fillable syringes will be one of the major factors that will drive the growth of the market.

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This report, Global Healthcare Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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