As the home healthcare trends takes root worldwide, the healthcare industry will see a massive change in the products on offer. This will directly impact the dynamics of the global healthcare packaging market, says a new report that is now available on MarketResearchReports.biz. The report is titled, “Global Healthcare Packaging Market 2016-2020.” Home-based healthcare will generate fresh demand for more compact, easy to use, as well as easy to dispose products, creating a myriad of opportunities for companies in healthcare packaging.
The report also notes that an increase in healthcare spending will also aid the growth of the overall healthcare packaging market. In important markets such as the U.S., for instance, spending on healthcare has been rising steadily. The Centre for Disease Control and Prevention (CDC), for instance, has reported that healthcare expenditure in the United States stood at 2.9% of the GDP as of 2013. It spiked to touch 5.3% of the same in 2014, translating to an astounding US$3 trillion in all. That amounts to a person healthcare spend of around US$9,523.
With a conducive coming together of several factors, the global healthcare packaging market is expected to exhibit a CAGR of 6.32% between 2016 and 2020, says the report. The growing use of disposable medical products will help bring about a significant increase in their volume sales, necessitating an increased need for packaging materials and technologies as well. The report also spots emerging trends on the horizon. On this topic, it finds that the development of child-resistant and tamper-proof packaging materials is shaping up as a trend that cannot be ignored. Tamper-proof or tamper-evident packaging will play an even more central role because counterfeit products are increasingly infiltrating the market and are leading to substantial revenue erosion.
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The report, composed of 87 pages, provides a detailed account of the recent developments that have shaped the growth of the global healthcare packaging market and forecasts what course the market is expected to take in the coming years. The top companies studied in the report include Baxter, Schott, Bemis, Amcor, Gerresheimer AG, and BD. The geographical segments studied in the report are: North America, Europe, Asia Pacific, and Rest of the World.
The report shears the market down to the key product segments and studies each in great detail. By type of product, the analysis touches upon the following segments: blister packaging, caps and closures, pre-fillable inhalers, pre-fillable syringes, plastic bottles, tubes, trays, clamshells, pouches, and parenteral containers.
The economic indicators that will likely have an influence on the trajectory of the market are also detailed in the report. In order to arrive at the size of the market, the report takes into consideration sales of healthcare packaging (both primary and secondary).
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