Pharmaceuticals Packing & Labeling Services
Growing use of drug therapies, an aging American population and expanded access to healthcare have stimulated demand for pharmaceuticals over the five years to 2018, bolstering demand for industry services. As a result of these trends, industry revenue is expected to rise an annualized 3.1% to $746.0 million over the five years to 2018, including an increase of 4.2% projected in 2018 alone. High demand for pharmaceuticals will likely sustain industry growth over the five years to 2023. The medical needs of an aging population will continue to raise demand from pharmaceutical manufacturers. In addition, over the next five years, there will be growing demand from generic pharmaceutical companies as a result of the patent cliff that caused several blockbuster brand name drugs to lose patent protection.
This industry provides packing and labeling services for prescription and over-the-counter pharmaceuticals, biologics, consumer health and veterinary products. Industry services may include packaging into blisters, bottles, pouches and unit doses, specialty vial or syringe labeling and kitting for injectables. Secondary packaging services (e.g. putting a bottle of tablets into a box, putting blister packs into a carton) are also included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook