DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Pharmaceutical Packaging Equipment Market - Global Forecast to 2022" report to their offering.
The global pharmaceutical packaging equipment market is projected to reach approximately USD 8.24 Billion by 2022 at an approximate CAGR of 6.8% during the forecast period.
The factors expected to drive the growth of the market are cost containment in pharmaceutical R&D, increasing funding for biopharmaceutical and generics research, and technological advancements in labeling and serialization solutions. The rapid growth in developing countries across APAC is also expected to provide an opportunity for revenue generation in the market. However, growing preference for refurbished packaging equipment as a viable alternative to new packaging equipment with high costs is expected to restrain the market growth to a certain extent.
North America is the largest market for pharmaceutical packaging equipment, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. High R&D expenditure, well-established pharmaceutical market, and increasing government support are some of the factors contributing to the large share of North America in the market. However, the Asia-Pacific market is expected to register the highest growth during the forecast period owing to the expanding generics market, government initiatives to curtail the rising healthcare expenditure, increasing number of North American and European pharmaceutical drug manufacturers outsourcing their manufacturing processes to Asian manufacturers, and low labor costs.
- Accutek Packaging Equipment Companies, Inc.
- ACG Worldwide
- Bausch + Ströbel Maschinenfabrik Ilshofen Gmbh+Co. Kg
- IMA S.P.A.
- Körber Ag
- Marchesini Group S.P.A.
- Mg2 S.R.L
- Multivac Group
- Optima Packaging Group Gmbh
- Robert Bosch Gmbh
- Romaco Pharmatechnik Gmbh
- Uhlmann Group
Vanguard Pharmaceutical Machinery, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Pharmaceutical Packaging Equipment Market, By Type
8 Global Pharmaceutical Packaging Equipment Market, By Product Type
9 Global Pharmaceutical Packaging Equipment Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/7zrp6f/pharmaceutical