(PharmaNewsWire.Com, August 22, 2018 ) North America Pharmaceutical Packaging Equipment Market was worth USD 1.78 billion in 2018 and estimated to be growing at a CAGR of 6.9%, to reach USD 2.48 billion by 2023. The market is expected to have high CAGR in the given forecasting period. It is estimated to continue expanding with the developments in Pharmaceutical sector.
Pharmaceutical packaging equipment is the equipment that is used to pack pharmaceutical products for protection against harmful toxins and rays. The packaging also maintains the quality of products, shielding them against bacterial growth and thus increases their life. Pharmaceutical packaging mainly covers primary packaging system, secondary packaging system, and labeling system.
The North America Pharmaceutical Packaging Equipment market is driven by factors high spending on R&D activities, the presence of major pharmaceutical market players, and increasing government support. Increasing awareness in the healthcare sector also plays a key role in the growth of this market. However, adverse political environment and high competition are constraining the market growth in some regions.
The North America Pharmaceutical Packaging Equipment market is broadly categorized into Primary Packaging Equipment, Secondary Packaging Equipment and Labelling & Serialization Equipment on the basis of Packaging. The primary packaging equipment includes Aseptic Filling and Sealing Equipment, Bottles Filling and Capping Equipment, Blister Packaging Equipment, Soft-Tube Filling and Sealing Machines, Sachet Packaging Equipment, Strip Packaging Equipment, Counting Equipment and Others. The secondary packaging equipment includes Cartoning Equipment, Case Packaging Equipment, Wrapping Equipment, Tray Packaging Equipment, Palletizing and De-palletizing Equipment and Others. The labeling and serialization equipment includes Bottles and Ampoules, Cartons and Data-matrix. Further, the market is segmented on the basis of Product into Liquid Packaging Market, Solid packaging Market, and Semi-solid Packaging Market. Liquid packaging market covers equipment for Aseptic Liquids, Syrups, Ear/Eye drops, Aerosols and others while solid packaging market covers equipment for Tablets, Capsules, Powders, and Granules. The semi-solids packaging covers Ointments, creams, and Suppositories.
The North America region is geographically segmented into U.S.A and Canada. This region is leading the global market for Pharmaceutical Packaging Equipment as of 2016 and is expected to grow significantly over the forecast period. The high disposable income of people in U.S.A and Canada is also contributing to the market growth.
The Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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