Parenteral Packaging Market

Parenteral Packaging
Market to Surpass US$
20.1 Billion Threshold by
2025
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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.
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.
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.
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 anti-inflammatory medications and antibiotics and are administered
through intramuscular injection or IV.
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.
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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 packaging type segment, the small volume parenteral packaging type is expected to expand at a significant
CAGR of 12.2%, followed by large volume parenteral packaging during the forecast period
The global parenteral packaging market is characterized by market expansion in Asia Pacific, North America, and Europe
could generate higher market revenue due to the high incidence rate of lifestyle disease such as diabetes and increase in
number of surgical procedures
Some of the major companies in the area of parenteral packaging are 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.
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Parenteral Packaging Market to Surpass US$ 20.1 Billion Threshold by 2025, with North America positioned as Growth Engine