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SOURCE Research and Markets
DUBLIN, Feb. 20, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
The global market is segmented by package type, product type, and geography. Based on the type of packaging, pharmaceutical packaging equipment is classified into three types, namely, primary packaging, secondary packaging, and labeling and serialization. Based on product type, pharmaceutical packaging equipment is segmented into solids, semi-solids, and liquids.
Furthermore, primary packaging equipment is sub-divided into blister packaging, strip packaging, sachet packaging, bottle filling and capping, soft tube filling, aseptic filling and sealing, counting, and others. Blister packaging is further segmented into two types, namely, drug formulations packaging and medical devices packaging. Counting is further divided into tablet counting and capsule counting. Secondary packaging equipment is further classified into cartoning, tray packing, wrapping, case packaging, and others.
The overall market is further divided into four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are further analyzed at the country level. The global market was estimated to be worth $4,525 million in 2013. The market is mainly driven by advancements in the pharmaceutical industry, patent expirations of a number of blockbuster drugs in the coming years, novel packaging technologies to reduce the down time for packaging of pharmaceutical products in order to yield more production, innovations in drug delivery systems and personalized drugs, growth in offshoring of pharmaceutical manufacturing, and increase in demand for pharmaceutical packaging equipment from contract packagers.
North America contributed the largest share to the global market in 2013, followed by Asia-Pacific, Europe, and the Rest of the World. Developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to the Asia-Pacific market. The shift of focus of the pharmaceutical packaging equipment industries towards Asia and the increase in offshoring of pharmaceutical manufacturing are factors that are hindering the growth of these developed geographies.
China, India, and Japan are likely to drive the growth of the Asian market. A majority of the growth in these markets is driven by increase in outsourcing to these locations mainly due to low-labor costs. These are also some of the most lucrative markets for manufacturing of generic drugs and pharmaceutical packaging equipment for the global market.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Pharmaceutical Packaging Equipment Market, By Package Type
6 Global Pharmaceutical Packaging Equipment Market, By Product Type
7 Geographic Analysis
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/2rhx7f/pharmaceutical
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
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