Dallas, TX -- (SBWIRE) -- 07/16/2014 -- The “Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (ROW).
Browse 174 market data tables and 26 figures spread through 367 pages and in-depth TOC on “Pharmaceutical Packaging Equipment Market”
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The global equipment for pharmaceutical packaging market is segmented by package type, product, geography, and country. It also discusses the key market drivers, restraints, and opportunities of this market and its sub-markets. The market was valued at $4,525 million in 2013 and is expected to grow at a healthy CAGR from 2013 to 2018.
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A number of factors such as the presence of favorable government regulations for top markets and the growing demand for standard based storage, disaster recovery, and lifecycle management solutions are propelling the growth of the market for VNAs. Consolidation of patient information by integrating VNAs with electronic health records (EHR) is one of the important trends witnessed in this market. The major factors restricting the growth of this market are data breach incidences, misinterpretation of the VNA concept, and long VNA lifecycles that impact the buying decisions of users.
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The equipment for pharmaceutical packaging market has experienced extensive growth in the past few years, mainly due to the various advancements in the pharmaceutical industry related to drug delivery technologies. Factors that are expected to boost the market growth include a majority of the drugs going off-patent in the forecast period leading to an increase in demand for packaging equipment for pharmaceutical products and the shift in use of conventional packaging lines in response to the rising demand for flexible, automated, and integrated packaging lines from the pharmaceutical industry. However, the increasing cost of raw materials, use of refurbished packaging equipment for cost-cutting activities preferred among smaller pharmaceutical manufacturers in the emerging markets across APAC and the Latin American region, and the increasingly competitive environment are factors that inhibit the growth of the market to a certain extent.
The major players in the equipment for pharmaceutical packaging market are IMA S.p.A. (Italy), Robert Bosch GmbH (Germany), Marchesini Group S.p.A. (Italy), Körber AG (Germany), and Uhlmann Group (Germany). Some of the other leading players in the industry include Bausch & Ströbel Maschinenfabrik Ilshofen GmbH Co. KG (Germany), CAM (Italy), Romaco Pharmatechnik GmbH (Germany), Multivac Group (Germany), MG2 s.r.l. (Italy), and Optima Packaging Group GmbH (Germany).
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