Market Research Report Store Pharmaceutical Packaging Equipment | Page 4

5 MARKET OVERVIEW 39 5.2.1 MARKET DRIVERS 41 5.2.1.1 High growth in the generic and biopharmaceutical markets 41 5.2.1.2 Growing need for novel and flexible packaging equipment 42 5.2.1.3 Increase in offshore pharmaceutical manufacturing 43 5.2.1.4 Growing contract manufacturing of pharmaceutical products 43 5.2.1.5 Need for achieving regulatory compliance and validation driving the replacement of older equipment 44 5.2.2 KEY MARKET RESTRAINTS 45 5.2.2.1 Growing preference for refurbished equipment 45 5.2.3 KEY MARKET OPPORTUNITIES 45 5.2.3.1 Growth of pharmaceutical manufacturing in emerging economies 45 5.2.3.2 Rising demand for automated packaging 46 Contact: Ann Sales Manager Market Research Report Store Tel: [phone] - U.S Email: [email protected] Email: [email protected] Web: http://www.marketresearchreportstore.com/ About Us Since the establishment, Market Research Report Store has determined to take the online market research reports platform to the next level. With our passion and profession, we are designed to be the best among the bests. Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers