Global Insulated Packaging Market Growth Factors
Published: Oct 2020
The global insulated packaging market is projected to grow at a CAGR of 4.7% during the forecast period. The key factors that drive the growth of the market include the wide range of properties it offers for preserving the product.
US Pharmaceutical Glass Packaging Market Growth Factors
Published: Oct 2020
The US pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.0% over the forecast period (2020-2026). The US is among one of the promising markets for the pharmaceutical glass packaging market growth. The country is considered among one of the most developed markets for the pharmaceutical industry, as there are numerous companies and research institutes focused on the R&D regarding drug development and the manufacturing of a variety of drugs.
Thriving Pharmaceutical Industry to Upsurge the North American Pharmaceutical Glass Packaging Market
Published: Oct 2020
The North American pharmaceutical glass packaging market is anticipated to grow at a CAGR of 4.8% over the forecast period (2020-2026). The key factors that drive the growth of the market include the presence of numerous players along with the wide availability of innovative specialty products in the region. Besides, the rise in the branded product sales and high sales of low-cost generic drugs particularly in the US further drives the market growth over the forecast period.
Increased Glass Vials Demand to Upsurge the Indian Pharmaceutical Glass Packaging Market
Published: Oct 2020
The Indian pharmaceutical glass packaging market is anticipated to grow significantly at a CAGR of 7.7% over the forecast period (2020-2026). The pivotal factors that drive the growth of the market include the increased demand for generic drugs in the untapped areas of the country, increased prevalence of several chronic diseases such as diabetes, and the key contributions by the players operating in the country.
Key Players to Substantially Contribute to the European Pharmaceutical Glass Packaging Market Growth
Published: Oct 2020
The European pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.3% over the forecast period (2020-2026). The major countries of Europe considered in the market include the UK, France, Germany, Italy, Spain, and the Rest of Europe. Europe serves as one of the lucrative markets for pharmaceutical glass packaging, owing to the presence of key players such as Agrado S.A., Ardagh Group S.A., Beatson Clark Ltd., Corning Inc., DWK Life Sciences GmbH, Gerresheimer AG, Schott AG, SGD S.A, and Stolzle-Oberglas GmBH among others.
Asia-Pacific Pharmaceutical Glass Packaging Market Growth Factors
Published: Oct 2020
The Asia-Pacific pharmaceutical glass packaging market is anticipated to grow at a CAGR of 6.1% over the forecast period (2020-2026). The market is driven by a large number of local and multinational players operating in the region. The increased demand for advanced healthcare facilities in emerging economies of the region along with the increasing focus of major market players towards the development of innovative products are the prominent factors that are significantly contributing to market growth.
Vials Segment to Significantly Contribute to Global Pharmaceutical Glass Packaging Market
Published: Oct 2020
The global pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.4% over the forecast period (2020-2026). The market has been segmented on the basis of product type into bottles, vials, cartridges & syringes, and others. The glass vials segment is likely to hold a substantial share in the market over the forecast period.
Increasing Demand Among Diabetes Patients to Drive the US Pen Needle Market
Published: Oct 2020
The US pen needle market is anticipated to grow at a CAGR of 7.4% during the forecast period (2020-2026). The growth of the market is mainly influenced by the high prevalence of diabetes across the country. According to the International Diabetes Federation (IDF), the number of adults with diabetes in the US is expected to increase to up to 36.0 million people by 2045 which (estimated) stoodat 31.0 million in 2019.
Developed Healthcare Sector Coupled with High Awareness Drives the North American Pen Needle Market
Published: Oct 2020
The North American Pen Needle market is anticipated to grow at a CAGR of 7.5% during the forecast period (2020-2026). North America has a vast potential for the treatment of diabetes owing to the presence of numerous companies and research institutes focused on the R&D regarding drug development and manufacturing. The pen needle industry growth is mainly influenced by factors such as a rise in the number of diabetic patients coupled with the awareness of diabetes care.
Increasing Affordability of Domestic Manufactured Products will Foster the India Pen Needle Market
Published: Oct 2020
The Indian pen needle market is anticipated to grow at a CAGR of 10.1% during the forecast period (2020-2026). The market growth will be majorly influenced by the increasing number of diabetes patients. As per the IDF, India has the second-largest number of adults with diabetes globally with a total of 77 million adults (20-79 years) suffering from diabetes in 2019.