Parenteral
packaging is the process of packaging drugs or other fluids to keep
its potency and therapeutic effectiveness intact throughout the time
till the drug is administered. Parental packaging is required to
protect drugs from contamination and from the aseptic administration
to the patient. On the basis of materials parenteral packaging market
is segmented into plastic & polymer and glass segments. The
plastic and polymer are more durably then glasses used for parenteral
packaging. The pharmaceuticals sector has witnessed significant
technological advancements in the recent past. As a result, recent
advancement in routes of drug administration is shaping the market
demand for parenteral packaging.
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Continuous
rise in chronic disease cases is expected to support the demand of
parenteral drugs which in turn support the growth of parenteral
packaging market in the near future. Asthma is one of the major
chronic disease of air passages of the lungs. According to the World
Health Organization (WHO) around 235 million people are suffering
currently from asthma, it was estimated around 383,000 deaths
occurred due to asthma in 2015 and the strong risk factor for asthma
are inhaled substances and particles that causes allergic reaction
which are exposed in environment. The fundamental causes of asthma
can be tobacco smoke, chemical irritants at the workplace and air
pollution.
The
global parenteral packaging market was valued at US$ 7,845.7 million
in 2016 and is expected to witness a robust CAGR of 11.1% during the
forecast period (2017 – 2025)
Market
Dynamics:
Increase
in the prevalence of Alzheimer’s disease (AD) and aging population
around the globe is expected to favor the growth in parenteral
packaging market. According to the World Health Organization (WHO),
the AD cases worldwide was estimated to be around 47 million and it
will increase around 75 million by 2030 and the number of cases is
expected to triple by 2050, due to the high prevalence rate and lack
of healthcare services in rural areas. Also, increase in aging
population and rise in demand for medication in the treatment of
lifestyle diseases such as diabetes, are the other factors leading to
the increase in use of parenteral drugs in developed and emerging
economies. As per the SeniorCare the U.S. aging population was
estimated to be around 50,683,620 in 2016 and is expected to be
around 71,453,471 by the year 2030. And according to the National
Institute on Aging (NIA) population worldwide is around 8.5% and it
will rise around 17% by the year 2050.
Increase
in incidence of cancer around the globe expected to support the
growth of parenteral packaging market over the forecast period
North
America holds the major market share, followed by Europe in the
global parenteral packaging market. This is mainly due to rise in
cancer case is projected to favor the growth of parenteral packaging
market. According to the American Cancer Society (ACS) in the U.S. it
was estimated that in 2016 around 1,685,210 cases of cancer was
diagnosed and around 595,690 cancer deaths occurred this is due to
the high risk factors such as smoking of cigarettes, consumption of
alcohol and obesity rate this will led to the high proportion of
chronic diseases in the U.S.
Market
Top Key Players:
Key
players in the parenteral packaging market include Gerresheimer AG,
Schott AG, Becton, Unilife Corporation, Inc, Dickinson and Company,
Ypsomed Holding AG, West Pharmaceutical Services, Inc., SiO2 Medical
Products, Terumo Corporation, Ompi, Stevanato Group and Nipro
Corporation, Berry Plastics Corporation, Becton Dickinson and
Company, MeadWestvaco Corporation, Owens-Illinois, RPC Group, Schott
Pharmaceuticals Services Inc., and Graphic Packaging Group.
Detailed
Segmentation:
Parenteral
Packaging Market, By Technique:
-
Bags and bottles
-
Ampoules
-
Vials
-
Prefilled syringes & cartridges
-
Ready-to-mix-systems
Parenteral
Packaging Market, By Material:
-
Glass
-
Plastic and polymer
-
PVC
-
polyolefin
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