Global Pharmaceutical Packaging Testing Equipment Market , 2017 - 2024- Industry Trends, Market Size, Segments, Growth Prospects: Data Bridge Market Research
Global Pharmaceutical
Packaging Testing Equipment Market is expected to reach USD 46.73 billion by 2024 from USD
20.87 billion in 2016, at a CAGR of 10.6% in the forecast period 2017 to
2024. The new market report contains data for historic years 2015, the base
year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the
growth of this market are the criticality of packaging for pharmaceutical
drugs, technological advancements. These factors increase the demand for
pharmaceutical packaging testing equipment products. On the other hand,
shortage of skilled professionals and high cost may hinder the growth of the
market.
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Market Segmentation: Global Pharmaceutical Packaging Testing Equipment
Market
§ The
global pharmaceutical packaging testing equipment market is segmented on the
basis of equipment, services, and geography. The global pharmaceutical
packaging testing equipment market is segmented into 6 types- permeability
analyser, package vibration tester, moisture meter, package drop tester, creasing and stiffness
tester and texture analyser. In 2017, the permeability analyzer segment is
expected to dominate the market with a share of 39.3% and is expected to
continue this trend till 2024.
§
Geography
- North America,
- Europe,
- Asia-Pacific,
- South America,
- Middle East Africa
Key Drivers: Global Pharmaceutical Packaging Testing Equipment Market
Some of the major factors driving
the market for Pharmaceutical Packaging
Testing Equipment Market are critical of packaging for
pharmaceutical drugs and mandatory guidelines. These factors increase the
demand for pharmaceutical packaging testing equipment market. Rising demand for
pharmaceutical packaging testing equipment, and technological advancements are
the major factors driving the growth of the pharmaceutical packaging testing
equipment market.
Shortage of skilled professionals
and high cost are the factors which may hinder the growth of this market.
Many companies are increasingly
focusing on extractables testing and vacuum and pressure decay testing in order
to strengthen their product portfolios in the pharmaceutical packaging testing
equipment market.
Increasing demand for
permeability analysers, and extractables testing will drive the market in
future.
Key Points: Global Pharmaceutical Packaging Testing Equipment Market
Labthink is going to dominate the
pharmaceutical packaging testing equipment market following with TM
Electronics, Inc.
- West Pharmaceutical Services, Inc.
- Qualitest International Inc,
- AMETEK Inc.,
- TEN-E Packaging Services Inc,
- PTI packaging technologies and
- inspection,
- Albany Molecular Research Inc. (AMRI),
- Westpak, Inc.
§ Permeability
analysers market is growing with the highest CAGR.
§ Globally
extractables testing are driving the market with highest market share.
§ Container
closure integrity testing is dominating the pharmaceutical packaging testing
services market.
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