Healthcare Packaging Market Insights, Growing Demand and Manufacturing Analysis 2019 to 2024

Healthcare Packaging Market

The healthcare industry has evolved from its erstwhile traditional form of practices to the current position. High-tech equipment and instruments are being deployed to improve efficiency, in addition to the increasing demand for sustainable packaging and processing operations. Increasing awareness regarding environmental issues and government regulations are pressurizing the pharmaceutical companies to move toward sustainable processes. These developments by the medical device and pharmaceutical vendors are providing scope for expansion to the healthcare packaging market.

The healthcare packaging market was valued at USD 110.36 billion in 2018, recording a CAGR of 6.35% over the forecast period (2019-2024).

Click the link to get a Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/08071391165/healthcare-packaging-market-growth-trends-and-forecast-2019-2024/inquiry?source=MW&Mode=SD48

Top Companies in the Global Healthcare Packaging Market:

WestRock Company, Sonoco Products Company, Avery Dennison Corporation, Gerresheimer AG, DowDuPont, Amcor Limited, Bemis Co. Inc., BASF SE, Sonoco Products Company, Industrial Development Company (INDEVCO) SAL, West Pharmaceuticals Services Inc., Becton, Dickinson & Co., Owens-Illinois Inc.

Market Overview:

Increasing geriatric population, as a result of increased life expectancy rates globally, is creating a scope for medical device manufacturers and pharmaceuticals. The advent of novel products, owing to advancements in the fields of biopharmaceutical and biology, supported by the requirements for better compliance, is expected to drive the growth of the market further.
Governments across regions, globally, are making affordable healthcare mandatory, considering the need for healthcare access across all age groups, especially the aging population. For instance, the Affordable Care Act in the United States has allowed for almost 30 million more US citizens to obtain insurance.

(Special Offer: Get flat 30% discount on this report)

Inquire for Discount:

https://www.marketinsightsreports.com/reports/08071391165/healthcare-packaging-market-growth-trends-and-forecast-2019-2024/discount?source=MW&Mode=SD48

Key Market Trends:

Blister Packages are Expected to have the Highest Growth

Blister packages are one of the most popular and convenient dosing formats. The major companies that operate in the healthcare packaging industry provide non-PVC barrier blister packaging. This assists medical and pharmaceutical companies to meet sustainability objectives and shelf-life requirements, besides providing an economical alternative, in comparison to traditional market offerings.
Blister packs are used for medical instruments or devices, such as catheters and injection syringes. However, applications of blister packs in medical device packaging are lesser than their applications in pharmaceutical product packaging.
Blister packaging provides seal integrity and a high degree of the microbial barrier, to help keep the contents of the package sterilized, until use. Tyvek forms a strong seal bond with the thermoformed film, thus reducing the risk of contamination and package compromise, in case of impact to the lidding during shipping or storage.
Blister packaging has gained popularity to protect medication from moisture. Aligning to these trends, companies, like Burgopak and Ecobliss, have developed ingenious blister packaging that is child-proof. The rising compliances by the FDA, such as the CPG Sec. 450.500 (which requires providing visible evidence to consumers that tampering has occurred) have been driving the need for tamper-evident packaging. This has enabled security throughout the products lifecycle, including after purchase by a consumer. Blister packaging is the most used form of TEP, and has thus found an increased demand across the healthcare industry.

Buy this Report: 

https://www.marketinsightsreports.com/report/purchase/08071391165?mode=su?source=MW&Mode=SD48

Customization of the Report: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com

irfan@marketinsightsreports.com

Leave a Reply

Your email address will not be published. Required fields are marked *