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.
Developed Healthcare Sector to Drive the European Pen Needle Industry
Published: Oct 2020
The European pen needle market is anticipated to grow at a CAGR of 7.7% during the forecast period (2020-2026). The growth of the market is attributed to the easy availability of such devices owing to the strong presence of various global companies such as B. Braun Melsungen AG, Novo Nordisk A/S, Smiths Group Plc., and Vygon SA.
Increasing Prevalence of Diabetes will Foster the Asia-Pacific Pen Needle Market
Published: Oct 2020
The Asia-Pacific pen needle market is anticipated to grow at a CAGR of 9.4% during the forecast period (2020-2026). The rapidly increasing prevalence of diabetes is creating a substantial scope for the growth of the pen needle industry in the Asia-Pacific region over the forecast period. Highly populated countries such as India and China are experiencing a significant increase in the cases of diabetes where both, China and India hold 40.0% of the total world population share.
The Strong Performing End-User Industries to Drive the US High-Temperature Composite Resin Market
Published: Oct 2020
The US high-temperature composite resin market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period. The increasing applications of composite resins in well-established industries such as automotive, aerospace, electrical, defense among others in the country are anticipated to drive market growth.
The Strong Presence of Market Players will Drive the North American High-Temperature Composite Resin Market
Published: Oct 2020
The North American high-temperature composite resin market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). The growth of the market in the region can be attributed to the strong presence of various global aerospace & defense production companies. The manufacturing of aerospace and defense products has a significant application of high-temperature composite resin, therefore, the high production of aircraft engines and high manufacturing capital in aerospace & defense are aiding to the market growth.
The Aviation Industry to Create Opportunity for the Japan High-Temperature Composite Resin Market
Published: Oct 2020
The Japan high-temperature composite resin market is anticipated to grow at a CAGR of 8.7% during the forecast period. The major factor fueling the growth of the market is the presence of global companies such as Sumitomo Bakelite Co. Ltd., Mitsui Chemicals, Inc., Shikoku Chemicals Corp., Dupont De Nemours, Inc., and others in the country. In addition to this, the increasing R&D activities coupled with R&D facilities across the country that are engaged in the field of composite resins including various other materials will also aid in the expansion of the market.