Packaging Digest

Healthcare packaging market expected to hit $93.9 billion

The global healthcare packaging  market is a complex and large market. The varied factors affecting the drug demand and consumption as well the development of medical practices will determine the growth of this market in future. Also, being a vital industry, the healthcare packaging market is directly linked to economic development. As emerging economies grow, demand for healthcare packaging will increase, further strengthening the market. Visiongain calculates that the global healthcare packaging market will reach $93.9bn in 2012.

The global healthcare packaging market is constantly challenged with evolving trends such as the increased use of disposable medical products, ageing population, rising cost of raw materials, transportation and energy, cost pressures on suppliers, influence of regulations, outsourcing/ contract packaging, child-resistant/senior-friendly and tamper-evident packaging. Countries continue to invest in healthcare development and corresponding strong demand is expected for healthcare packaging, allowing for robust market growth. Furthermore, innovations driven by consumer preferences and environmental concerns will create new and exciting opportunities in the healthcare packaging market.

As the global healthcare packaging market adapts to regional shifts on the demand and supply side, the future of the industry will look different, allowing for growth opportunities. Globally, changing attitudes towards climate change, together with recent developments in medical technology, will provide new sources of demand growth. In the Asia-Pacific region, increased drug production and infrastructure development will dominate growth. Outsourcing and medical tourism will support further growth opportunities.