Parenteral Packaging Market to Surpass US$ 20.1 Billion Threshold by 2025, with North America positioned as Growth Engine

PARENTERAL PACKAGING MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017–2025
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REPORT DESCRIPTION
Parenteral Packaging Market Overview
The Global Parenteral Packaging Market was valued at US$ 7,845.7 million in 2016 and is
projected to expand at a CAGR of 11.1% during the forecast period (2017–2025), as
highlighted in a new report published by Coherent Market Insights. Increase in number of
surgical procedures and chronic disease cases such as diabetes and cancer, is expected to
support growth of parenteral packaging market over the forecast period.
As the parenteral administration route is most effective and common form of drug delivery
into body for active drug substances, the preference for parenteral drugs is increased in last
few years. Also technological advancements in drug delivery systems, such as development
of sophisticated system which allows drug targeting and controlled release of parenteral
drugs is supporting the growth of parenteral drugs packaging market.
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The parenteral medicines plays major role in treatment of many disease such as
cardiovascular disease, ulcerative colitis, rheumatoid arthritis and many more and increase
in prevalence of this disease is expected to support the growth of parenteral drug packaging
market. As per Centers for Disease Control and Prevention (CDC), in 2014, around 29.1
million people were suffering from diabetes in the U.S., furthermore, among this cases 1 out
of 4 people were found unaware about that they were suffering from diabetes. Expected
increase in lifestyle disease cases and number of surgical procedures will support the
increase in use of parenteral drugs which in turn expected to lead the growth of parenteral
packaging market in the near future.
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REPORT DESCRIPTION
Parenteral drugs are used to enhance the healing of surgical procedure, also to reduce pain
or risk of infection during surgical procedure. In this medication may include steroids or antiinflammatory medications and antibiotics and are administered through intramuscular
injection or IV.
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The increase in surgical procedures for the treatment of many disease such as cancer,
coronary artery disease expected to fuel the demand of parenteral drugs which in turn
support the growth of parenteral packaging market in the near future. According to World
Health Organization (WHO), around 312.9 million surgical procedures performed around the
globe in 2012 and this number is increased by 38.2% from 226.4 million in 2004. Spurt in
number of surgical procedures is expected to support the growth of parenteral packaging
market in the near future.
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REPORT DESCRIPTION
Key takeaways of the market:
• The global parenteral packaging market is expected to expand at a CAGR of 11.1% during
the forecast period (2017–2025). Due to rising number of surgical procedures and
increase in cardiovascular disease cases from around the globe is expected to favor the
market of parenteral packaging over the forecast period.
• The North America region in the global parenteral packaging market is expected to show
high growth rate during the forecast period in terms of value
• In terms of technique segment, the prefilled syringes and cartridges packaging technique
type is expected to expand at a significant CAGR of 13.1%, followed by ampoules
packaging technique during the forecast period
• In terms of material segment, the polyolefin material parenteral packaging type is
expected to expand at a significant CAGR of 12.4%, followed by plastic and polymer
material parenteral packaging during the forecast period
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The Global Parenteral Packaging Market was valued at US$ 7,845.7 million in 2016 and is projected to expand at a CAGR of 11.1% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Increase in number of surgical procedures and chronic disease cases such as diabetes and cancer, is expected to support growth of parenteral packaging market over the forecast period. Request Sample Copy of the Business Report: https://www.coherentmarketinsights.com/insight/request-sample/565