Market Research Report Store Pharmaceutical Packaging Equipment

"Pharmaceutical Packaging Equipment Market expecting to reach approximately USD 8.24 billion by 2022 at a CAGR of 6.8% during the forecast period– Market Research Report Store" published in May 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Pharmaceutical Packaging Equipment Market＂added to its database.The global pharmaceutical packaging equipment market is projected to reach approximately USD 8.24 billion by 2022 at a CAGR of 6.8% approximately during the forecast period. The factors expected to drive the growth of the market are cost containment in pharmaceutical R&D, increasing funding for biopharmaceutical and generics research, and technological advancements in labeling and serialization solutions. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/shop/pharmaceutical-packaging-equipment-market -by-package-blister-strip-bottle-tube-aseptic-packaging-wrapping-labeling-serialization-product- tablet-powder-cream-syrup-aseptic-liquid-aeros Ask a sample, click here [email protected] The pharmaceutical packaging equipment market in this report is segmented on the basis of package, product, and region. Based on package, the market is segmented into primary packaging equipment, secondary packaging equipment, and labeling & serialization equipment. In 2016, the primary packaging equipment segment dominated the market. This can be attributed to the ease of handling and shelving of pharmaceuticals after primary packaging, development of novel forms of drug delivery and biopharmaceuticals stimulating the need for innovation in primary packaging, and the increasing regulatory norms and quality control criteria. On the other hand, the labeling and serialization equipment segment is expected to register the highest growth during the forecast period. The growth of this market is attributed to the rising concerns regarding patient safety and anti-counterfeiting of pharmaceutical products. North America is the largest market for pharmaceutical packaging equipment, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. High R&D expenditure, well-established pharmaceutical market, and increasing government support are some of the factors contributing to the large share of North America in the market. However, the Asia-Pacific market is expected to register the highest growth during the forecast period owing to the expanding generics market, government initiatives to curtail the rising healthcare expenditure, increasing number of North American and European pharmaceutical drug manufacturers outsourcing their manufacturing processes to Asian manufacturers, and low labor costs. The major players in the pharmaceutical packaging equipment market are IMA S.p.A. (Italy), Bausch + Ströbel Maschinenfabrik Ilshofen GmbH+Co. KG (Germany), Robert Bosch GmbH (Germany),