The global healthcare packaging market will reach a value of $101.3 billion in 2015 and will grow at a Compound Annual Growth Rate of 6.3% between now and 2025, says a new report from visiongain, a London-based business intelligence provider.
“Healthcare Packaging Market Forecast 2015-2025,” notes that strong growth in the healthcare sectors around the world and increasing functional requirements for healthcare packaging products are some of the key growth factors in the global healthcare packaging market. A global ageing population, changing lifestyles, and the increasing prevalence of chronic diseases will strengthen the demand for healthcare products and services, stimulating growth in the healthcare packaging market.
Plastics will hold the greatest market share in the materials healthcare packaging market, mainly due to their cost effectiveness and high adaptability.
In healthcare packaging market, prefillable syringes submarket will see the strongest growth, predicts visiongain. Meanwhile, the parenteral vials and ampules submarket will continue to be the second-fastest growing market. The booming biologics market, says visiongain, where injection is normally the delivery method of choice, is the main growth driver of these two markets.
