SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, global blow-fill-seal (BFS) packaging services in healthcare market was valued at US$ 240.2 million in 2017 and is projected to exhibit a CAGR of 6.9% over the forecast period (2018–2026).
Key Trends and Analysis of the Global Blow-Fill-Seal (BFS) Packaging Services in Healthcare Market:
Mergers, acquisitions, and collaborations by key players in the blow fill seal packaging services market is expected to fuel the global blow-fill-seal (BFS) packaging services in healthcare market growth. For instance, in April 2016, Recipharm AB acquired two companies based in India and the U.S. The aim of acquisition of Indian company was to provide cost-effective development operation services and the U.S.-based company was acquired to obtain a strong customer base and geographic expansion.
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Moreover, key players are also focused on participating in conferences, events, and others related to blow fill seal packaging solutions, which is expected to accelerate the global blow-fill-seal (BFS) packaging services in healthcare market growth. For instance, in June 2015, Bosch Packaging Technology Gmbh participated in Achema, a world exhibition congress on chemical engineering, environmental protection, and biotechnology, which was held in Frankfurt, Germany. It showcased its service offerings such as exemplary lines for therapeutic uses, production, filling, and packaging of solid and liquid products and customized solutions according to the need of customers.
Also, introduction of new manufacturing facilities of blow fill seal packaging solutions is expected to augment the global blow-fill-seal (BFS) packaging services in healthcare market growth. For instance, in November 2016, Nephron Pharmaceutical Corporation opened a new manufacturing facility and relocated its headquarter in Lexington County, South Carolina. The aim of expansion was to develop and increase capacity of its 530B outsourcing medication and respiratory product portfolio. Hence, this factor is expected to drive the global blow-fill-seal (BFS) packaging services in healthcare market growth.
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Key Market Takeaways:
- The blow-fill-seal packaging services in healthcare market is expected to exhibit CAGR of 6.9% during the forecast period (2018–2026), owing to increasing introduction of products related to blow fill seal packaging solutions by key players
- Key players efforts to advance the technologies involved in blow fill seal packaging which is expected to fuel growth of blow-fill-seal packaging services in healthcare market
- North America region is expected to hold dominant position in the market over the forecast period, owing to presence of leading contract development and manufacturing organizations such as Automatic Liquid Packaging Solutions, LLC, Catalent, Inc., and others
- Some of the major players operating in the global blow-fill-seal (BFS) packaging services in healthcare market include Recipharm AB, Automatic Liquid Packaging Solutions, LLC, Nephron Pharmaceuticals Corporation, Robert Bosch Packaging Technology GmbH, Catalent, Inc, Horizon Pharmaceuticals, Inc., Unither, ApiJect Systems Corporation, LESVI, and Asept Pak, Inc.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.