Commenting on the report, an analyst from the research team said: Growth in contract manufacturing process will be a key trend for market growth. Outsourcing of packaging for medical products by drug manufacturers is a growing trend in the market, which has proved to be advantageous for pharmaceutical product companies.
Not only does it reduce the time required for the new product to hit the market, but it also enables the firm to focus on its core competencies, reducing in-house regulatory burdens, and off-loading packaging at peak production periods. In addition, factors such as increased flexibility and reduced overhead costs for packaging are contributing to an increase in contract manufacturing of packaging products.
According to the report, replacement of old packaging machinery will be a key driver for market growth. The global pharmaceutical packaging equipment market will record considerable growth owing to the replacement of old packaging equipment during the forecast period. The need for replacement arises mainly because of the rising cost of energy and production inefficiency.
Vendors are focused on automation, including automated inspection and packaging, is becoming an increasingly important part of pharmaceutical manufacturing. Pharmaceutical equipment manufacturers are focusing on developing high-end, energy-efficient, all-in-one machines capable of packaging pharmaceutical products. Such innovative machines will reduce the cost of operation to a great extent, helping end-users to meet their desired profitability margins.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- MULTIVAC Sepp Haggenmuller
- Bausch + Ströbel Maschinenfabrik Ilshofen
- Busch Machinery
- Dara Pharmaceutical Packaging
- Inline Filling Systems
- NKP Pharma
- Trustar Pharmaceutical and Packing Equipment
- Vanguard Pharmaceutical Machinery
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by packaging type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/msf2df/global
Laura Wood, Senior Manager
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SOURCE Research and Markets