(PharmaNewsWire.Com, May 31, 2019 ) The report entitled “Global Injectable Packaging and Component Market: Size, Trends & Forecasts (2019-2023)” provides an in-depth analysis of the global injectable packaging market with description of market size and growth. The analysis include market by value, and market share by segments. A brief segment analysis with their actual and forecasted value is also provided in the report.
Furthermore, the report also assesses the key opportunities available in the market and outline the market dynamics that are and will be accountable for growth of the industry. Growth of the global injectable packaging and components market has also been forecasted for the period 2019-2023, taking into consideration previous growth outlines, growth drivers and the existing and forthcoming trends.
West Pharmaceutical Services, Inc., Gerresheimer AG, Ypsomed Group, and Datwyler Holding Inc. are some of the key players operating in the global injectable packaging and component market, whose company profiling has been done in the report. This segment summarizes business overview, financial overview and the business strategies of the companies.
Company Coverage: 1. West Pharmaceutical Services, Inc. 2. Gerresheimer AG 3. Ypsomed Group 4. Datwyler Holding Inc.
Packaging can be defined as all those activities associated with designing, assessing, and creating the container for a product. The main purpose of packaging any product is to protect it rom any physical damage and its reaction with external environment. The primary advantages of packaging include: protection, identification, information against the physical damage, and interruption of undesirable component of the environment.
Pharmaceutical packaging is the cost-effective means of presentation, identification protection, information, compliance, and product stability. As pharmaceutical products are more prone to environmental factors, hence they are packaged into three stages: the primary packaging, secondary packaging, and tertiary packaging. Every packaging has its own importance in pharmaceutical packaging line. Pharmaceutical packaging can be segregated into two: injectable drug packaging and non-injectable drug packaging.
Injectable drugs are more complex than non-injectable drugs and can be easily interfere with environmental factors. Therefore, any container that comes in contact with the active ingredient must be proved to not impact the drug in any way. Packaging of injectable drugs should be done in such a way that its components should not be interfere with outside environmental factors. Injectable packaging and components products include ampules, vials, cartridges & prefilled syringe, seals etc.
The global injectable packaging and components market has increased over the years and is expected to grow in the next four years i.e. 2019 to 2023, particularly due to rising drug consumption. The global injectable packaging and components market is supported by various growth drivers such as merging middle class in developing economies, rising share of injectables in drug pipeline, increase in cancer incidence etc. Yet the stringent rules and regulations associated with drug packaging is obstructing the growth of the market.
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