Global healthcare sector continues to
develop at an impressive rate. As a result, packaging marketplace is
undergoing huge changes with specialized focus on offering innovative
packaging tools/products to pharmaceutical industry. One such core
product that offers lucrative market opportunities for packaging
companies is intravenous products. Intravenous product such as catheters
and IV fluid bags are mainly used to prevent and treat various chronic
illness such as cancer and ophthalmic diseases. Increased sales of
intravenous products has boosted overall demand for innovative packaging
products. As a result, many packaging companies are trying to
capitalize on the intravenous product market. Most packaging companies
have done everything from product innovation to that of streamlining
their distribution networks to strengthen their market presence in
healthcare sector.
Get Brochure for Latest Advancements and Research Insights @
Intravenous Product Packaging: Market Dynamics
Growth in demand for intravenous product
packaging is expected to remain strong for several reasons. First,
chronic illness is proliferating rapidly owing to changing lifestyle and
increased geriatrics population. As a result, demand for sterilized
intravenous product has increased. This in turn is propelling overall
sales of packaging material for intravenous products. Second, many
packaging companies has set up direct distribution channel to facilitate
easy flow of business and thereby minimize overall run cost.
Rising investment in product innovation,
rapidly evolving regulatory compliances, increasing medical supplies
market, and focus on distribution network has altogether driven the
intravenous product packaging market. Despite the momentum and growth
intravenous product packaging industry has witnessed over the past few
years, availability of alternative product is a major challenge to
overall growth of the industry.
Download Toc@
Intravenous Product Packaging Market: Regional outlook
Intravenous product packaging market has
been segmented into North America, Europe, Asia Pacific, Middle East
& Africa (MEA), and Latin America. Among these region, North America
and Europe are expected to collectively dominate the market throughout
the forecast period. However, many multinational packaging companies are
ramping up their investments in Asia Pacific to tap the growing unmet
needs of intravenous product manufacturers in the region and government
support towards boosting manufacturing ecosystem.
Furthermore, Asia Pacific rise in
prominence has resulted in organizational changes – many new packaging
entrants has emerged over the last few years and many leading companies
has set up their manufacturing capabilities in the region. Asia Pacific
is expected to be primarily driven by China, Japan and India. Latin
America and Middle East & Africa are expected to witness slow and
steady growth over the forecast period. In Latin America, Brazil and
Mexico are expected to create market opportunities for companies
involved in intravenous product packaging.
Intravenous Product Packaging Market: Key players
Some of the key players in the global Intravenous Product Packaging market
are Baxter, Renoilt, Nipro, Sippex, Wipax, Amcor, MRK Healthcare, etc.
A majority of intravenous product packaging companies are largely
headquartered in Europe and North America. However, there is growing
influence of regional and China based players in the market especially
in Asia Pacific region. Given their limited investment capabilities,
most of their investments are focused on short term gains. Multinational
players are either entering into partnership or into acquisition of
these regional players to gain greater control over the market.
0 comments:
Post a Comment