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mariacallous · 2 years ago

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A strange thing happened in the eurozone economy at the end of last year. Despite widespread forecasts that the common currency area would plunge into recession and register negative growth in the last quarter of 2022, it managed to eke out a small gain of 0.1 percent. What is remarkable is not that Europe beat expectations, but that it was one small country—Ireland—whose surging economy single-handedly prevented the eurozone from slipping into the red.

Almost unbelievably, little Ireland, with a population of only 5 million, now has the economic scale to shift the growth statistics of the entire eurozone and its 343 million inhabitants. In 2022, Irish GDP growth of 12.2 percent compared to 3.5 percent in the eurozone as a whole. In absolute numbers, only Germany, France, and Italy contributed more than Ireland to eurozone GDP growth in 2021 and 2022. Ireland’s economic boom has enabled the country’s government to post a budget surplus of 1.6 percent of GDP, even as eurozone countries struggled with an average deficit of more than 3 percent.

Honestly, who wouldn’t want this luck of the Irish?

Look closely, however, and Ireland’s so-called economic miracle looks more than a little odd. The country’s growth is simultaneously both real and artificial. Much of it is driven by a handful of U.S. multinationals, which continue to route global sales and profits through their Irish operations to take advantage of Dublin’s lower business taxes. Although difficult and complex to calculate, Apple’s shifting of intellectual property assets to Ireland is estimated to have contributed half of Ireland’s miraculous 26 percent GDP growth in 2016. That bizarre fact inspired New York Times columnist Paul Krugman to ridicule Ireland’s “leprechaun economics”—and the Irish statistics office to move away from using GDP as a measure of economic growth.

Yet the surge of U.S. investment in Ireland is also real. In particular, Ireland’s role as a pharmaceuticals manufacturing hub dramatically increased during the COVID-19 pandemic. Nine out of the world’s top 10 drug companies have significant production facilities in Ireland. The U.S. State Department thinks the corporate build-out in Ireland will continue, given Ireland’s status as the only remaining English-speaking European Union country following Britain’s departure. That makes it easy for international companies to operate and enjoy barrier-free access to the EU’s single market.

It’s hard to exaggerate Ireland’s dependence on U.S. tech and pharma companies for investment and taxes. Corporate tax receipts are now the second-largest source of tax revenue (after income tax) for the Irish state: 27 percent of all tax income in 2022. The average was just 9 percent in the 38 member countries of the Organisation for Economic Co-operation and Development (OECD) in 2020, the last year for which data is available. This, in turn, is fueling an unprecedented torrent of tax income for the Irish government. Corporate tax revenues were up nearly 50 percent in 2022 alone.

Just 10 multinationals—all of them U.S.-based tech and pharmaceutical companies—now pay nearly 60 percent of Ireland’s corporate tax. Directly and indirectly, U.S. multinationals employ more than 375,000 people in Ireland, approximately 15 percent of the country’s labor force. Driven by investment from the United States, foreign multinationals now account for 53 percent of all payroll taxes paid by corporate employers.

Driven by the windfall in corporate tax receipts, the Irish government’s budget surplus is expected to swell further, to 10 billion euros in 2023 and 16 billion euros in 2024. Relative to the size of the economy, this would be equivalent to a U.S. budget surplus of more than 1 trillion dollars in 2024.

The problem for Ireland is that this singular dependence exposes the country to growing risks. Take the tech sector: As multinationals like Google, Microsoft, Meta, and Amazon see their profits shrink and slash jobs worldwide, it will not only hurt the Irish economy, but deprive Dublin of tax income as well.

What’s more, the threat to Ireland’s stability from its overdependence on U.S. companies is about to be multiplied. In 2021, nearly 140 tax jurisdictions, including Ireland, agreed to a major reform of how multinationals companies will be taxed in the future. Pillar 2 of these reforms—a minimum corporate tax rate of 15 percent for large companies—is already coming into effect. In 2024, Ireland’s corporate tax rate is due to increase to 15 percent from its current level of 12.5 percent, reducing its attractiveness as a tax haven compared to other countries. The United States also approved the minimum tax plan in August 2022, despite significant private sector and political opposition.

However, it is Pillar 1 of the OECD’s reforms that will dramatically erode Ireland’s future income from corporate taxes. This reform will reallocate a share of company profits to where sales (or users) are actually located. Previously, tax liability was calculated on where the company or its subsidiary was legally based, no matter how many profits it rerouted from other parts of the world for tax-avoiding purposes. For Ireland, the consequences are obvious: U.S. multinationals operating in the EU will be forced to divide some of their sales by member state, thus significantly reducing the amount of sales and profits that can be “booked” through Ireland. This reform is due to come into force in 2024. The end of Ireland’s windfall is therefore only a matter of time.

The Irish Department of Finance estimated in January that around half of Ireland’s corporate tax receipts—$10 billion—are “transitionary” and will be lost as the new tax rules are implemented. That translates to more than 10 percent of total government spending in 2022—more than the entire Irish education budget. This is putting the Irish government on the precipice of another financial disaster, little more than a decade after it had to be bailed out of impending bankruptcy by the European Commission, European Central Bank, and the International Monetary Fund. That disaster left Ireland with one of the highest per capita public debt levels in the world.

Regardless of the impending financial train wreck, however, Dublin is unlikely to wake up from its American dream anytime soon. Diversifying its economy and revenue sources away from U.S. multinationals would require Ireland to shift its economic and geopolitical orientation, downgrade (in Dublin’s eyes) its deep relationship with the United States, and seek greater integration into the EU economy and its myriad rules.

That’s because Ireland’s dependence on U.S. multinationals is just another expression of the country’s affinity with the United States—the “shared heritage” referenced by U.S. presidents from John F. Kennedy to Ronald Reagan to Joe Biden. These ties to the United States long precede Dublin’s embrace of European integration and make it unlikely that Ireland will ever have the same intensity of economic, cultural, and other ties to France, Germany, or the rest of the EU.

The approaching economic and fiscal train wreck resulting from the new tax rules requires a fundamental change of mindset from Irish policymakers. Squaring the circle—holding on to its deep U.S. ties while integrating more closely with the EU to diversify its economy—means Dublin must give a little (and lose a little) to both sides. Yet Ireland’s ability to navigate this conundrum is doubtful. Even though the coming changes have been plain for all to see, Dublin’s current Trade and Investment Strategy does not contain any concrete policies to mitigate the overdependence on U.S. investment flows. Although the document acknowledges that EU market opportunities are underutilized, it again recognizes the importance “markets such as the UK and the US, which offer familiarity with language and culture.”

If there is no short-term solution to Ireland’s financial vulnerabilities, a few longer-term needs stand out. Dublin should ensure that its current budget surplus is invested wisely to help diversify its drivers of growth. One such driver would be significant increases in public investment in housing and public transport infrastructure to bring the country closer to Western European standards. Ireland’s tax base should be widened to allow for a wider distribution of income sources. For example, In 2021, Ireland gained just 5 percent of its tax receipts from property taxes, compared to more than 11 percent in both Britain and the United States.

Most importantly, Ireland must deepen its trading relationships outside the English-speaking world. Notwithstanding the country’s 50-year membership of the EU, a dearth of foreign language teaching has created a monolingual business culture, which priorities existing links with the United States over the development of new markets, both within and outside the EU. This needs to change if Ireland is to build a sustainable economic model.

Biden—whose family, like so many in the United States, has Irish roots—said in 2021 that “everything between Ireland and the United States runs deep.” This is Ireland’s economic reality today. As the corporate tax boom ebbs, Ireland should ensure that its American dream doesn’t become a recurring economic and financial nightmare.

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medicinemanufacturing · 4 days ago

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WHO GMP & DCGI Compliance: Ensuring Pharmaceutical Excellence in India

India's pharmaceutical industry is a global powerhouse, renowned for its ability to produce high-quality medicines at competitive prices. At the heart of this success are stringent regulatory standards, including WHO Good Manufacturing Practices (WHO GMP) and Drug Controller General of India (DCGI) compliance. These standards ensure that pharmaceutical products meet international safety, efficacy, and quality benchmarks, positioning India as a trusted supplier in the global market.

What is WHO GMP Compliance?

WHO GMP (Good Manufacturing Practices) is a globally recognized set of standards designed to ensure that pharmaceutical products are consistently produced and controlled according to quality standards. These guidelines encompass every aspect of the manufacturing process, from raw material procurement to final packaging, and emphasize the importance of:

Hygiene and Cleanliness: Ensuring a contamination-free production environment.

Qualified Personnel: Employing skilled and trained staff.

Robust Processes: Standardized operating procedures (SOPs) for all stages of manufacturing.

Quality Control: Rigorous testing and documentation to maintain product integrity.

Traceability: Detailed records to track every batch produced.

What is DCGI Compliance?

The Drug Controller General of India (DCGI) is the regulatory authority responsible for approving and overseeing pharmaceutical products and clinical trials in India. DCGI compliance is mandatory for companies manufacturing or marketing drugs in India. Key aspects of DCGI compliance include:

Approval of New Drugs: Ensuring that new medicines undergo stringent evaluation for safety and efficacy before market entry.

Clinical Trial Regulation: Monitoring trials to protect participants and validate results.

Post-Marketing Surveillance: Tracking adverse drug reactions to maintain public safety.

Licensing and Inspection: Verifying that manufacturing facilities meet regulatory standards.

The Importance of WHO GMP & DCGI Compliance in India

Global Trust and Recognition: Compliance with WHO GMP and DCGI standards builds trust among international buyers and regulatory bodies. Indian pharmaceutical companies with these certifications can export medicines to regulated markets, including the United States, Europe, and Japan.

Patient Safety: Adherence to these standards ensures that medicines are safe, effective, and free from contaminants, safeguarding patient health.

Encouraging Innovation: The rigorous approval processes under DCGI encourage companies to invest in research and development, fostering innovation in drug discovery and manufacturing.

Sustainability and Growth: Meeting global compliance standards strengthens India's reputation as the "Pharmacy of the World," driving sustainable growth and contributing significantly to the economy.

Challenges in Maintaining Compliance

High Initial Costs: Upgrading facilities and processes to meet WHO GMP standards can be expensive, especially for small and medium-sized enterprises (SMEs).

Continuous Monitoring: Ensuring ongoing compliance requires dedicated teams and robust systems for quality control and documentation.

Regulatory Updates: Keeping pace with changing regulations at both national and international levels can be challenging.

The Road Ahead for Indian Pharma

To remain competitive in the global market, Indian pharmaceutical companies must prioritize compliance with WHO GMP and DCGI standards. Investments in advanced technologies, workforce training, and robust quality management systems are critical. Furthermore, collaboration with global regulatory bodies can streamline approval processes and foster mutual recognition agreements, expanding India's footprint in international markets.

Conclusion

WHO GMP and DCGI compliance are not just regulatory requirements but essential pillars of pharmaceutical excellence in India. They ensure the production of safe and effective medicines, bolster India’s reputation on the global stage, and drive innovation within the industry. By upholding these standards, India continues to play a vital role in enhancing global healthcare outcomes.

#who #gmp

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insightsresearch · 17 days ago

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Pharmaceutical Contract Manufacturing and Research Services Market Report Analysis, Share, Revenue, Growth Rate With Forecast Overview

Analysis of Pharmaceutical Contract Manufacturing and Research Services Market Size by Research Nester Reveals the Market to Register with a CAGR of ~7.5% During 2025-2037 and Reach ~USD 632.9 billion by 2037

Research Nester assesses the growth and market size of the global pharmaceutical contract manufacturing and research services market which is anticipated to account for the rising generics demand, increased pharmaceutical R&D spending, and contract manufacturing and research services investments in sophisticated manufacturing technologies.

Research Nester’s recent market research analysis on “Pharmaceutical Contract Manufacturing and Research Services Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor analysis and an overview of the global pharmaceutical contract manufacturing and research servicesmarket in terms of market segmentation by service, end user and by region.

Growing Demand for Biological Therapies to Promote Global Market Share of Pharmaceutical Contract Manufacturing and Research Services

The pharmaceutical contract manufacturing and research services business is expanding due to the expiring patents of certain drugs. While the branded pharmaceutical sector has suffered huge revenue and volume losses due to patent expiration, numerous new, less expensive generic alternatives are now entering the pharmaceutical contract manufacturing and research services marketplaces. A promising indication for the expansion of the pharmaceutical contract manufacturing and research services market over the projection period is the fact that generic companies are outsourcing their production to these services.

Some of the major growth factors and challenges that are associated with the global pharmaceutical contract manufacturing and research servicesmarket are:

Growth Drivers:

SMEs' Budgetary Restrictions

Commercial Success of Biologicals For Clinical Applications

Challenges:

The primary hindrance to the growth of this market is the presence of sizable pharmaceutical corporations with in-house medication manufacturing capabilities. These companies develop their candidate drugs, conduct internal studies, and conduct clinical trials. Many companies are steadily inclined to boost their manufacturing capacity and no longer rely on outsourced services to meet the global demand for pharmaceuticals.

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By service, the global pharmaceutical contract manufacturing and research servicesmarket is segmented into manufacturing and research. The manufacturing segment is to register a significant CAGR during the forecast period. The increasing demand for vaccines and biosimilars is one of the main drivers of the segment's growth. The increase in companies opting to outsource the manufacturing of pharmaceutical finished goods, clinical trial materials, and active pharmaceutical ingredients (APIs) explains the profitable growth rate.

By region, the Europe pharmaceutical contract manufacturing and research services market is expected to register rapid revenue CAGR by the end of 2037. Increased funding for pharmaceutical R&D, strong intellectual property laws, shifting demographics, and a higher danger of epidemics are a few of the causes of this expansion. Furthermore, according to the European Commission, half of the pharmaceutical imports into the world's fastest-growing markets come from Europe.

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This report also provides the existing competitive scenario of some of the key players of the global pharmaceutical contract manufacturing and research services market which includes company profiling of AbbVie, Recipharm AB, Baxter BioPharma, Dalton Pharma Services, Thermo Fisher Scientific Inc., Piramal Pharma Solutions, Jubilant Pharmova Limited, Samsung Biologics and others.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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savibangar · 23 days ago

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Detailed Analysis of the RWE Oncology Market Report by Meticulous Research®

Meticulous Research®, recognized for its expertise in market analysis, has published a pivotal report titled, “RWE Oncology Market by Component (Datasets [EHR, Claims, Cancer Registries], Consulting & Analytics Services), Application (Drug Development, Approval, Market Access, Post-market Surveillance), End User (Pharma, Payer, Provider) - Global Forecast to 2029.” This report provides an extensive overview of the real-world evidence (RWE) oncology solutions market, highlighting significant growth prospects.

The report forecasts a robust CAGR of 14.2% from 2022 to 2029, predicting the market will reach $1.65 billion by the end of this period. This growth trajectory is attributed to the escalating incidence of cancer globally, the surge in healthcare big data, a transition toward value-based care models, and an increasing focus on personalized medicine. However, the report also notes that the absence of standardized methodologies for RWE development poses a considerable challenge to market expansion.

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The RWE oncology solutions market is categorized into components, applications, and end users, with a thorough analysis provided for each segment. In 2022, the real-world datasets component is expected to dominate the market. The proliferation of medical data generated in healthcare facilities, alongside the growing reliance on outcome-focused studies, underpins the importance of this segment. Additionally, there is an increasing demand for data that informs drug safety from various stakeholders, including payers and regulators.

In terms of applications, the drug development and approvals segment is projected to lead the market. The incorporation of quality-of-life metrics and Patient-Reported Outcome Measures (PROMs) into clinical trials reflects the shift toward patient-centered approaches in oncology. RWE plays a crucial role in elucidating disease trajectories and treatment pathways, which is especially critical given the rising cancer rates. The ability to leverage real-world data can significantly enhance drug discovery processes, streamline regulatory approvals, and provide insights into the effectiveness of new oncology treatments.

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When examining end users, pharmaceutical and medical device companies are anticipated to command the largest share of the market. This dominance is driven by the essential role of RWE in cancer drug development and the ongoing need to evaluate drugs' real-world performance. As the industry moves towards a value-based care paradigm, pharmaceutical companies are increasingly utilizing RWE to glean insights into clinical practices and health outcomes, thus improving cancer care delivery.

The report also conducts a geographical analysis, providing insights into key markets across North America (including the U.S. and Canada), Asia-Pacific (featuring Japan, China, and India), Europe (comprising Germany, France, the U.K., among others), Latin America, and the Middle East & Africa. This regional focus offers a comprehensive understanding of market dynamics and growth opportunities within the RWE oncology solutions landscape as it approaches 2029.

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Related Research Reports:

Real-world Evidence Solutions Market Size, Share, Forecast, & Trends Analysis >> https://www.meticulousresearch.com/product/Real-World-Evidence-Solutions-Market-4954

Synthetic Biology Market Size, Share, Forecast, & Trends Analysis>> https://www.meticulousresearch.com/product/synthetic-biology-market-5826

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Spatial Genomics Market >> https://www.meticulousresearch.com/product/spatial-genomics-market-5763

RWE Oncology Market >> https://www.meticulousresearch.com/product/rwe-oncology-market-5276

Negative Pressure Wound Therapy (NPWT) Market >> https://www.meticulousresearch.com/product/negative-pressure-wound-therapy-market-5535

U.S. Real-World Evidence (RWE) Solutions Market >> https://www.meticulousresearch.com/product/us-rwe-solutions-market-5243

#RWE Oncology Market

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amrutatbrc1 · 30 days ago

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AI-Based Clinical Trial Solution Providers Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The ai-based clinical trial solution providers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

AI-Based Clinical Trial Solution Providers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The ai-based clinical trial solution providers market size has grown exponentially in recent years. It will grow from $2 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 23.7%. The growth in the historic period can be attributed to increased complexity in clinical trials, growing volume of clinical trial data, regulatory compliance challenges, drug discovery and development demands, personalized medicine trends.

The ai-based clinical trial solution providers market size is expected to see exponential growth in the next few years. It will grow to $5.65 billion in 2028 at a compound annual growth rate (CAGR) of 23.0%. The growth in the forecast period can be attributed to integration with real-world evidence (rwe), advancements in natural language processing (nlp), decentralized clinical trials adoption, expansion of therapeutic areas, enhanced predictive analytics. Major trends in the forecast period include collaboration with biotech and pharma companies, patient-centric approaches, predictive analytics for trial design, real-world evidence integration, blockchain for data security.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing adoption of AI technology is expected to propel the growth of the AI-based clinical trial solution provider market going forward. Artificial intelligence (AI) refers to the development of computer systems or software that can perform tasks that typically require human intelligence. AI technology is being increasingly used by clinical trial solution providers to bring efficiency, accuracy, and innovation to various stages of the clinical trial lifecycle, ultimately contributing to improved patient outcomes and advancements in medical research. For instance, in May 2022, according to The International Business Machines Corporation (IBM), a US-based technology corporation, the adoption rate of AI globally increased significantly by 35%, up four points from the previous year. Further, in 2022, 13% more firms are projected to have used AI than in 2021, and around 35% of organizations reported adopting AI in their company, 42% are considering AI for adoption, and two-thirds of the companies (66%) are either presently executing or intending to utilize AI to meet their sustainability goals. Therefore, the increasing adoption of AI technology is driving the growth of the AI-based clinical trial solution provider market.

Market Trends - Major companies operating in the AI-based clinical trial solution providers market are developing innovative technological innovations in the market, such as the Saama AI-driven data platform, to accelerate clinical development and strengthen their position in the market. An AI-driven data platform is a software solution that leverages artificial intelligence (AI) and machine learning (ML) to automate and enhance various data management and analysis processes. For instance, In June 2023, Saama Technologies, Inc., a US-based software company, introduced an AI-driven data platform called Saama. An AI-driven data platform streamlines clinical trial processes by centralizing and standardizing data, offering real-time insights into trial operations, financials, and patient data. The platform utilizes AI and advanced analytics to automate tasks, enhance productivity, and provide deep insights into patient behaviors. With SaaS solutions like data hubs, operational insights, patient insights, S2S, and SDQ, Saama empowers AI-based clinical trial solution providers to optimize efficiency, accuracy, and effectiveness. Additionally, it aims to eliminate manual, resource-intensive activities and make clinical trials more efficient and effective.

The ai-based clinical trial solution providers market covered in this report is segmented –

1) By Clinical Trial Phase: Phase-I, Phase-II, Phase-III 2) By Therapeutic Application: Oncology, Cardiovascular Diseases, Neurological Diseases or Conditions, Metabolic Diseases, Infectious Diseases, Other Therapeutic Applications 3) By End-user : Pharmaceutical Companies, Academia, Other End-users

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Regional Insights - North America was the largest region in the AI-based clinical trial solution providers market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai-based clinical trial solution providers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the ai-based clinical trial solution providers market report are International Business Machines Corporation, AstraZeneca, Takeda Pharmaceutical Company Limited, IQVIA Holdings Inc., BenevolentAI, Charles River Laboratories, Flatiron Health, Saama Technologies Inc., CytoReason, Median Technologies SAS, Concentro Health AI. , AiCure, LLC, DEEP LENS AI Inc., GNS Healthcare, Inc., Ardigen, Koneksa Health Inc., Unlearn.AI Inc., PathAI Inc., Deep 6 AI Inc., Intelligencia Inc., Exscientia, Prometheus Biosciences, Inc., Renalytix AI plc, BioAge Labs Inc., Mendel Health Inc

Table of Contents 1. Executive Summary 2. AI-Based Clinical Trial Solution Providers Market Report Structure 3. AI-Based Clinical Trial Solution Providers Market Trends And Strategies 4. AI-Based Clinical Trial Solution Providers Market – Macro Economic Scenario 5. AI-Based Clinical Trial Solution Providers Market Size And Growth ….. 27. AI-Based Clinical Trial Solution Providers Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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trendsofmarket · 1 month ago

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Analysis of Pharmaceutical Contract Manufacturing and Research Services Market Outlook and Forecasts by Top Manufacturers, Production, Consumption, Trade Statistics, and Growth Analysis

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Growing Demand for Biological Therapies to Promote Global Market Share of Pharmaceutical Contract Manufacturing and Research Services

Access our detailed report at:

Some of the major growth factors and challenges that are associated with the global pharmaceutical contract manufacturing and research servicesmarket are:

Growth Drivers:

SMEs' Budgetary Restrictions

Commercial Success of Biologicals For Clinical Applications

Challenges:

Request for customization @

Contact for more Info:

AJ Daniel

Email: [email protected]

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

#pharmaceutical-contract-manufacturing-and-research-services-market-trends #pharmaceutical-contract-manufacturing-and-research-services-market-share

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marketsndata · 1 month ago

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Global Gastrointestinal Drugs Market Size, Share, Growth and Forecast 2031

Global gastrointestinal drugs market is projected to witness a CAGR of 4.23% during the forecast period 2024-2031, growing from USD 45.20 billion in 2023 to USD 62.96 billion in 2031. The market’s growth is boosted by the rising cases of gastrointestinal diseases, novel product launches by the market players, and increasing emphasis on ensuring the availability of gastrointestinal drugs in different regions across the globe.

Technological advancements in drug delivery mechanisms and formulations are enhancing the efficacy of gastrointestinal drugs. The advancements include the development of extended-release and delayed-release formulations that aid in improving the bioavailability and absorption of the drugs, resulting in improved patient outcomes. Such developments are revolutionizing the treatment of ulcerative colitis and Crohn’s disease, among others, providing lucrative growth opportunities for the market.

The rising prevalence of various gastrointestinal disorders, such as celiac disease, is also propelling the growth of the global gastrointestinal drugs market. According to an article published in the StatPearls journal of StatPearls Publishing LLC in August 2023, the prevalence of celiac disease is approximately 0.5% to 1% among the general population. Additionally, the number of cases of Crohn’s disease is also increasing at a rapid rate. According to the estimates of the National Institute of Diabetes and Digestive and Kidney Diseases, more than half a million people are suffering from Crohn’s disease in the United States. Thus, various pharmaceutical companies are investing in research activities to augment the development of novel therapies to combat the growing threat of Crohn’s disease. In October 2023, Eli Lilly and Company announced that the investigational interleukin-23p19 antagonist, mirikizumab met all major secondary and co-primary endpoints in a phase 3 study, evaluating its efficacy and safety for treating adults with severely to moderately active Crohn’s disease.

Increasing Cases of Gastrointestinal Diseases Boost Market Demand

The rising cases of gastrointestinal distress in various regions across the globe due to changes in lifestyle and eating habits of the population is one of the major factors bolstering the global gastrointestinal drugs market demand. Factors such as increased stress and the rising prevalence of obesity are also propelling the incidences of gastrointestinal diseases. According to the estimates of the World Health Organization (WHO), 1 in 8 people around the world were living with obesity in 2022. This increase is augmenting the incidences of diseases such as peptic ulcers, irritable bowel syndrome, and gastroesophageal reflux disease. Furthermore, the rapid expansion of the aging population is also boosting the demand for gastrointestinal drugs as the older population is more susceptible to gastrointestinal issues. The WHO estimates that approximately 1 in 6 people across the globe will be 60 or older by 2030. Due to the rising occurrences of such issues, pharmaceutical companies are also increasingly focusing on developing innovative therapies that address the underlying cause of the disease rather than alleviating symptoms.

Rising Efforts of Pharma Companies Supports Market Expansion

The rising efforts of the key players in the market to ensure the availability of novel gastrointestinal drugs through investments and partnerships is boosting the global gastrointestinal drugs market size. In June 2024, AbbVie Inc. secured its position in the gastrointestinal drugs market by paying USD 150 million to China-based FutureGen Biopharmaceutical (Beijing) Co., Ltd. in near-term fees for rights to antibody drug targeting TL1A molecule that has been linked with a heightened immune response in cases of inflammatory bowel disease.

Similarly, in June 2024, Akum Drugs and Pharmaceuticals Ltd. unveiled new formulations for gastrointestinal diseases for patients in India. The company’s Rabeprazole + Levosulpiride SR Capsules received approval from the Drug Controller General of India (DCGI). The drugs aim to provide relief to patients suffering from gastrointestinal tract disorders. Rabeprazole sodium, a potent antisecretory compound, has demonstrated efficacy in treating duodenal and gastric ulcers along with gastroesophageal reflux disease by selectively inhibiting the secretion of gastric acid. Such efforts are expected to aid patients suffering from gastrointestinal issues in effectively managing their conditions and provide lucrative growth opportunities to the gastrointestinal drug market.

Retail Pharmacies Hold Significant Market Share

The segment’s expansion can be attributed to the rising requirement for over-the-counter (OTC) gastrointestinal drugs over the past few years due to the rising cases of gastrointestinal distress and consumer preference for immediate relief from common digestive issues, including constipation, acid reflux, diarrhea, and heartburn. As per the American College of Gastroenterology (ACG) estimates, approximately 20% of the population of the United States suffers from gastroesophageal reflux disease. Due to the widespread presence of retail pharmacies and their convenient nature, patients suffering from gastrointestinal issues prefer them for purchasing medication, especially in semi-urban and urban locations.

Meanwhile, online pharmacies are expected to grow rapidly over the next few years due to the growing preference for online shopping, fast delivery, shipping, and the availability of lucrative discounts. Other advantages online pharmacies offer include increased consumer accessibility to a broad range of products. Additionally, the growing popularity of digital consultation and the rising availability of e-prescriptions have also made it easier for patients to avail themselves of the required medications through online pharmacies, bolstering the segment’s growth.

North America Holds Major Market Share

The growth of the North American gastrointestinal drugs market can be attributed to the increasing efforts of the leading market players based in the region to ensure novel product launches, rising cases of gastrointestinal diseases, and the presence of well-established healthcare and pharmaceutical sectors. Various gastrointestinal diseases, including ulcerative colitis, Crohn’s disease, and inflammatory bowel disease, are becoming increasingly prevalent in the United States, bolstering the market’s demand. As per the estimates of the US Centers for Disease Control and Prevention, the prevalence of inflammatory bowel disease is between 2.4 and 3.1 million in the United States, with differing burdens across groups. Additionally, the prominent presence of various research organizations that are increasingly focusing on investigating different gastrointestinal diseases is also expected to influence the market’s expansion positively. Moreover, the increasing availability of novel drugs due to the increasing provision of approvals by the regulatory bodies in the region is also supporting the market’s growth is the region. In 2023, the US Food and Drug Administration (FDA) provided approval to five new gastrointestinal targeted drugs, including colonoscopy prep, inflammatory bowel disease, and gastroesophageal reflux disease. Such approvals are expected to increase the influx of various gastrointestinal drugs in North America.

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Future Market Scenario (2024-2031F)

As per the global gastrointestinal drugs market analysis, the market is expected to witness significant growth in the coming years due to the growing burden of different gastrointestinal diseases and the increasing efforts of the market players towards novel product launches. According to an article published in January 2024 in the Dovepress of the Dove Medical Press Ltd, the prevalence of Crohn’s disease is expected to increase to 1% in 2030 in Western European countries and the United States. This increase will bolster the market’s demand to meet the growing drug requirement for effective management and treatment of the condition. The cases of gastrointestinal distress are also expected to increase in the coming years due to the increasing preference for fast foods and dining out as a fast food-filled diet lacks essential fiber intake, resulting in decreased adoption of water.

Additionally, the market is also expected to witness significant growth over the forecast period due to the rising investments by the leading pharmaceutical companies towards research and development activities and the emphasis on creating targeted therapies that provide minimal side effects along with long-term relief. Furthermore, the growing efforts of various countries to enhance their healthcare sectors and ensure the availability of necessary therapies and treatment solutions are further expected to propel the global gastrointestinal drugs market growth.

Report Scope

“Gastrointestinal Drugs Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global gastrointestinal drugs market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/gastrointestinal-drugs-market

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#Gastrointestinal Drugs Market #Global Market #Market Research Reports #Market News

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chemxpert · 2 months ago

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Unveiling India’s Pharma Global Market Insights | Chemxpert Database

Chemxpert Database offers an in-depth look into India's booming pharma global market size, highlighting a comprehensive list of pharmaceutical products exported from India. Explore top pharmaceutical export companies in India and understand the Paracetamol manufacturing process with detailed insights into leading paracetamol manufacturers in India. Discover how India’s paracetamol global market practices drive quality and competitiveness, positioning India as a vital player in the global pharmaceutical landscape.

#top chemical raw material manufacturers in India #top pharma raw material manufacturers in India #top listed pharma companies in India #top pharma companies in India by revenue #pharma clinical trial in India #world pharma market size

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voizmed · 2 months ago

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Advantages of Solan Pharma Third-Party Manufacturing

With the growing demand for pharmaceuticals, the third-party manufacturing model has emerged as a game-changer for companies seeking efficient, cost-effective production solutions.

Solan, a picturesque town in Himachal Pradesh, India, has positioned itself as a prominent hub for third party pharma manufacturing. Known for its world-class facilities, skilled workforce, and regulatory compliance, Solan offers a unique ecosystem that has drawn companies from across the country.

Let’s explore the advantages of choosing Solan for third-party pharma manufacturing:

1. Access to WHO-GMP Certified Facilities

One of the major advantages of opting for Solan as a third-party manufacturing destination is the access to WHO-GMP (Good Manufacturing Practice) certified facilities.

Pharmaceutical companies can rest assured that Solan-based manufacturers follow international standards in production, ensuring the highest quality and safety of pharmaceutical products.

2. Cost Efficiency and Resource Savings

Setting up an in-house manufacturing unit can be a heavy financial burden, especially for small and medium-sized companies. Solan’s third-party manufacturing services offer a cost-effective solution, allowing companies to save significantly on infrastructure, machinery, and labor costs.

By outsourcing manufacturing, pharma companies can allocate more resources toward R&D, marketing, and distribution, maximizing their budget in a highly competitive market.

3. Skilled and Experienced Workforce

Solan is home to a highly skilled workforce specializing in pharmaceutical manufacturing.

With trained technicians, quality control experts, and R&D professionals, the region boasts a talent pool that has been instrumental in maintaining the high standards that Solan-based manufacturers are known for.

4. Proximity to Raw Material Suppliers

Solan’s geographic location in Himachal Pradesh, close to several raw material suppliers and allied industries, is a logistical advantage. The easy availability of high-quality raw materials reduces delays and transportation costs, enabling manufacturers to deliver on time while keeping production costs low.

5. Regulatory Compliance and Quality Assurance

Solan’s third-party manufacturers are known for their strict adherence to regulatory requirements. They comply with DCGI (Drug Controller General of India) and other regulatory body guidelines, which guarantee the quality and efficacy of the products they produce.

6. Flexibility and Scalability in Production

One of the unique advantages of 3rd party pharma manufacturing in Solan is the flexibility it offers. Pharma companies can scale up or down their production volumes based on market demand, without the long-term commitments required for in-house production.

7. Focus on Innovation and New Product Development

With manufacturing in the hands of a reliable third-party provider, companies can focus more on innovation and new product development. Solan’s manufacturing ecosystem supports a range of pharmaceutical formulations, from tablets and capsules to specialized syrups and injectables, allowing pharma companies to expand their product portfolios with ease.

Conclusion

For pharmaceutical companies seeking a trusted, efficient, and scalable manufacturing solution, Solan’s third-party pharma manufacturing services offer a compelling array of advantages.

From cost savings and high-quality standards to scalability and market expansion, Solan’s manufacturers provide a strategic option for businesses aiming to grow while maintaining product quality.

#PharmaceuticalManufacturing #ThirdPartyManufacturing #SolanPharma #PharmaOutsourcing #Solan

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latestmarketresearchnews · 2 months ago

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Pharmaceutical Packaging Market 2030 Top Key Players, Trends, Share, Industry Size, Segmentation

The global pharmaceutical packaging market was valued at USD 139.37 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030. This growth is largely driven by the rapid expansion of the pharmaceutical industry, which has been advancing due to scientific and technological innovations. The ongoing growth is expected to continue, especially in developing regions such as China, India, Saudi Arabia, and Brazil, where healthcare infrastructure and demand for medicines are expanding significantly.

In 2023, the United States represented the largest pharmaceutical market globally. Several factors contribute to this, including a well-established healthcare system, high per capita income, and substantial investments in research and drug development. The increasing focus on generic drugs and the improvement in healthcare services are expected to provide promising opportunities for the pharmaceutical packaging market. Notably, the 21st Century Cures Act (Cures Act), signed in 2016, is aimed at accelerating medical product development in the U.S., thus fostering innovation in the pharmaceutical industry. This legislation is anticipated to boost demand for pharmaceutical packaging by supporting the launch of new and innovative drug formulations.

Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market

Europe’s pharmaceutical sector is one of its high-performing and technologically advanced industries, significantly contributing to the regional economy. The sector is evolving with an increased focus on developing biopharmaceutical drugs, which has grown over recent years. Many biotechnology-based drug therapies are sensitive to degradation and thus require specialized packaging, such as lyophilized or dry powder forms, to maintain stability. This demand for sophisticated packaging solutions is creating new growth opportunities for packaging manufacturers.

Pharmaceutical products are primarily available in forms such as tablets, capsules, liquids, and powders. They require various packaging solutions, including rigid bottles, stand-up pouches, flat pouches, sachets, and blister packs, each designed to meet specific needs. Packaging companies are now prioritizing features like dispensing aids, administration tools, eco-friendly materials, tamper-evident seals, and anti-counterfeiting measures to enhance product safety, accessibility, and sustainability.

End-use Segmentation Insights:

The pharma manufacturing segment was the largest end-use segment in 2023, accounting for a 49.9% market share, and is anticipated to see strong growth through to 2030. This trend is primarily due to the rising demand for medicines worldwide. According to the World Health Organization (WHO), the global population aged over 60 is expected to nearly double from 12% in 2015 to 22% by 2050, increasing the need for medicines and healthcare. The aging population requires more medical assistance, which is driving pharmaceutical production and, subsequently, the demand for pharmaceutical packaging.

To manage costs and increase efficiency, pharmaceutical companies are increasingly outsourcing packaging activities. By outsourcing, companies can avoid investing directly in packaging materials and equipment, instead working with specialized contractors who provide efficient packaging solutions. This shift is expected to fuel demand for contract manufacturing and pharmaceutical packaging equipment.

Retail pharmacies, especially in developing countries like India, China, and Brazil, are using branding on packaging materials such as polybags and paper pouches to differentiate their products. As retail penetration expands in these regions, the retail pharmacy segment is likely to see significant growth.

Institutional pharmacies, which operate within healthcare facilities like hospitals, nursing homes, and assisted living communities, are expected to grow as well. The increasing number of hospitals and healthcare facilities, along with rising healthcare expenditures, is likely to drive demand for pharmaceutical packaging in this segment. With a growing focus on healthcare accessibility and quality, the institutional pharmacy end-use sector is anticipated to contribute significantly to the overall growth of the pharmaceutical packaging market.

Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research.

#Pharmaceutical Packaging Market Forecast #Pharmaceutical Packaging Market Overview

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researchreportinsight · 2 months ago

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Pharmaceutical Packaging Market 2030 Driving Factors, Future Trends, Size & Key Vendors

Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market

End-use Segmentation Insights:

Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research.

#Pharmaceutical Packaging Market Forecast #Pharmaceutical Packaging Market Overview

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industrynewsupdates · 1 month ago

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Pharmaceutical Packaging Market Trends, Opportunities, and Challenges 2024 - 2030

The global pharmaceutical packaging market was valued at USD 139.37 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030. A key driver of this growth is the substantial expansion of the pharmaceutical sector itself. In recent years, the pharmaceutical industry has experienced rapid growth, fueled by continuous advancements in science and technology. This upward trend is expected to persist throughout the forecast period, especially in developing countries such as China, India, Saudi Arabia, and Brazil, where the healthcare infrastructure and pharmaceutical demand are expanding quickly.

The United States is the largest pharmaceutical market in the world. Several factors contribute to this dominance, including the size of the healthcare system, high per capita income, and substantial investments in drug development within the country. These elements collectively drive the growth of the pharmaceutical sector in the U.S. Additionally, the increasing importance of generic drugs and broader access to better healthcare services are expected to create further growth opportunities for pharmaceutical packaging in the coming years.

A significant piece of legislation, the 21st Century Cures Act, was signed into law in the U.S. on December 13, 2016. This act is designed to expedite the development of medical products, including pharmaceutical drugs, by enhancing the approval process and encouraging innovation in the industry. The implementation of the Cures Act is expected to spur new developments in pharmaceutical products, which will, in turn, drive the demand for pharmaceutical packaging in the U.S. market. These factors collectively indicate a continued growth trajectory for the pharmaceutical packaging industry, especially in key markets such as the U.S.

Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market

Regional Insights

North America

North America dominated the pharmaceutical packaging market with a revenue share of 35.9% in 2023. The largest end-use segment in the region was pharma manufacturing, which includes in-house production of pharmaceutical products. The presence of a substantial number of pharmaceutical plastic bottle manufacturers in the U.S., such as AptarGroup Inc., Gerresheimer AG, Amcor Ltd., and Berry Plastics Group, Inc., is expected to have a positive impact on the demand for pharmaceutical plastic bottles over the forecast period. These companies play a critical role in supplying the packaging materials required for pharmaceutical products, further driving market growth.

Asia Pacific

The Asia Pacific region is anticipated to register the fastest CAGR of over 12% from 2024 to 2030. This growth is driven by increasing health awareness among consumers, particularly in developing countries such as China and India, and rising disposable income levels. As a result, the demand for pharmaceuticals is expected to grow, which will in turn boost the need for pharmaceutical packaging solutions. In 2020, China led the Asia Pacific market and is expected to maintain this position due to government initiatives like Healthy China 2020, as well as a growing aging population and expanding contract-manufacturing activities. These factors contribute to the increasing demand for pharmaceutical packaging in the region.

Europe

In Europe, the pharmaceutical packaging market is expected to experience significant growth due to rising research and development (R&D) activities and the continuous introduction of new medicines aimed at improving patient health and quality of life. Companies such as BioNTech SE and CureVac in Europe have made notable achievements, particularly with their successful vaccine development in 2020. These successes have attracted further investments into the biotech industry in countries like Germany, Russia, and the U.K., propelling the growth of pharmaceutical packaging in the region.

The Saudi Arabian pharmaceutical packaging market is one of the major players in the Middle East & Africa region. International pharmaceutical companies are recognizing the potential of the Middle Eastern and North African (MENA) market. For example, Sanofi is a leading player in Morocco, and GlaxoSmithKline leads the market in Saudi Arabia. In addition, local pharmaceutical companies such as SPIMACO and Hikma from Jordan and Saudi Arabia are aiming to become regional leaders. These developments are expected to drive the demand for various pharmaceutical packaging materials in the region during the forecast period.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global flexible paper packaging market size was estimated at USD 50.35 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.

• The global seaweed packaging market size was valued at USD 699.23 million in 2023 and is expected to expand at a CAGR of 6.6% from 2024 to 2030.

Key Companies & Market Share Insights

The global pharmaceutical packaging market is highly competitive, with numerous players competing for market share. To strengthen their positions, key players are increasingly focusing on acquisitions, which is intensifying the competition within the market. These companies directly compete with each other to secure contracts from large pharmaceutical manufacturers. As a result, the level of competitive rivalry in the market is high.

To differentiate themselves in this competitive landscape, companies are focusing on offering value-added services to attract more clients. Common processes employed by packaging manufacturers to enhance their offerings include spray painting, ultraviolet (UV) coating, and metallization to color packaging containers. Additionally, packaging companies are incorporating various anti-counterfeit measures, such as barcodes, holograms, sealing tapes, and radio frequency identification (RFID) technologies to ensure product authenticity and security.

Notable developments in the market include:

• In November 2023, Amcor Plc, a leading global provider of packaging solutions, announced a Memorandum of Understanding (MOU) with NOVA Chemicals Corporate, a producer of sustainable polyethylene. Under the agreement, Amcor will procure mechanically recycled polyethylene resin (rPE) from NOVA Chemicals for use in the production of flexible packaging films. This partnership supports Amcor’s commitment to sustainable packaging by increasing the use of recycled materials, contributing to the circularity of packaging.

• In July 2023, Constantia Flexibles introduced a new pharmaceutical packaging solution called REGULA CIRC, which uses coldform foil. The packaging replaces conventional PVC with a PE sealing layer, resulting in reduced plastic content and a higher proportion of aluminum. This shift not only enhances the sustainability of the packaging but also improves material recovery during the recycling process.

• In April 2023, Südpack launched its PharmaGuard blister, a new polypropylene-based blister packaging. This product is designed to offer an exceptional water vapor barrier and effective resistance to UV light and oxygen, making it suitable for the packaging of sensitive pharmaceutical products that require enhanced protection.

Key Pharmaceutical Packaging Companies:

• Amcor plc

• Becton, Dickinson, and Company

• AptarGroup, Inc.

• Drug Plastics Group

• Gerresheimer AG

• Schott AG

• Owens Illinois, Inc.

• West Pharmaceutical Services, Inc.

• Berry Global, Inc.

• WestRock Company

• SGD Pharma

• International Paper

• Comar, LLC

• CCL Industries, Inc.

• Vetter Pharma International

Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research.

#Pharmaceutical Packaging Market #Pharmaceutical Packaging Market size #Pharmaceutical Packaging Market share #Pharmaceutical Packaging Market analysis #Pharmaceutical Packaging Industry

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global-research-report · 1 month ago

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Revolutionizing Medicine Delivery: The Role of Cutting-Edge Pharmaceutical Packaging

Pharmaceutical Packaging Industry Overview

The global pharmaceutical packaging market size is expected to reach USD 265.70 billion by 2030, registering a CAGR of 9.7% from 2024 to 2030, according to a new report by Grand View Research, Inc., The increasing prevalence of chronic diseases coupled with the growth of the pharmaceutical industry is anticipated to augment the consumption of pharmaceutical packaging products.

Ban on counterfeit products in North America and Europe is expected to be a major driver for the market as major companies are likely to invest heavily in anti-counterfeit packaging products. Blow-Fill-Seal (BFS) technology allows customized design for high-quality containers with tamper-evident closures in multiple shapes and sizes. Therefore, the growing demand for anti-counterfeiting packaging along with the advent of technology is likely to support the growth of tamper-evident pharmaceutical packaging.

Companies are focusing on using sustainable materials for packaging owing to the rising concerns about the generation of packaging waste that is difficult to degrade. Bioplastic is likely to gain traction in the market as it is derived from renewable plant-based sources and is biodegradable unlike plastics and polymers derived from fossil fuels. In May 2022, SGD Pharma has launched the industry’s first Ready-to-Use sterile 100 ml molded glass vials. It is manufactured with SG EZ-fill packaging technology. Such novel sustainable packaging solutions are expected to boost the growth of the market.

Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market

Pharmaceutical manufacturers are likely to prefer blister packaging for tablets and capsules as these are more sustainable with minimal usage of packaging material as compared to rigid bottles. In addition, the transparency of blister packs provides a clear product display and provides tamper-resistant features. The outbreak of COVID-19 has significantly increased the demand for various pharmaceutical drugs across the world, thereby propelling the demand for pharmaceutical manufacturing and packaging. Rapid development and production of the vaccine in the year 2020 are anticipated to increase pharmaceutical manufacturing considerably, primarily benefitting the manufacturers of packaging vials in the near future.

Market players have been trying to increase their production capabilities as well as expand their geographic reach. In addition, companies are introducing and investing in high-tech packaging solutions in the changing environment. For instance, In April 2021, Amcor plc announced the development of recyclable Polyethylene-based thermoform blister packaging under the brand name AmSky. The development is aimed at sustainable packaging that can reduce carbon footprint. The product is expected to reduce carbon footprint up to 70%. Companies are expected to invest significantly in such developments in the coming years to strengthen their market position.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

The global polytetrafluoroethylene market size was valued at USD 3.63 billion in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2030.

The global medical grade silicone market size was valued at USD 601.7 million in 2024 and is expected to register a CAGR of 7.4% from 2025 to 2030.

Pharmaceutical Packaging Market Segmentation

Grand View Research has segmented the pharmaceutical packaging market on the basis of on material, product, drug delivery mode, end-use, and region:

Pharmaceutical Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Plastics & Polymers

Polyvinyl Chloride (PVC)

Polypropylene (PP)

Homo

Random

Polyethylene Terephthalate (PET)

Polyethylene (PE)

HDPE

LDPE

LLDPE

Polystyrene (PS)

Others

Paper & Paperboard

Glass

Aluminium Foil

Others

Pharmaceutical Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)

Primary

Plastic Bottles

Caps & Closures

Parenteral Containers

Syringes

Vials & Ampoules

Others

Blister Packs

Prefillable Inhalers

Pouches

Medication Tubes

Others

Secondary

Prescription Containers

Pharmaceutical Packaging Accessories

Tertiary

Pharmaceutical Packaging Drug Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

Oral Drugs

Injectables

Topical

Ocular/ Ophthalmic

Nasal

Pulmonary

Transdermal

IV Drugs

Others

Pharmaceutical Packaging End-use Outlook (Revenue, USD Million, 2018 - 2030)

Pharma Manufacturing

Contract Packaging

Retail Pharmacy

Institutional Pharmacy

Pharmaceutical Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

France

Italy

Spain

Russia

Turkey

Asia Pacific

China

India

Japan

South Korea

Australia

Southeast Asia

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

South Africa

Egypt

Key Companies profiled:

Amcor plc

Becton, Dickinson, and Company

AptarGroup, Inc.

Drug Plastics Group

Gerresheimer AG

Schott AG

Owens Illinois, Inc.

West Pharmaceutical Services, Inc.

Berry Global, Inc.

WestRock Company

SGD Pharma

International Paper

Comar, LLC

Key Pharmaceutical Packaging Company Insights

The global market is highly competitive owing to the presence of numerous players across the globe. Moreover, key players are consolidating their market positions mainly by acquisitions, which is further intensifying the competition.

In November 2023, Amcor Plc, a renowned global company known for its development and production of environmentally conscious packaging solutions, revealed a Memorandum of Understanding (MOU) with NOVA Chemicals Corporate, a leading producer of sustainable polyethylene. The agreement includes the procurement of mechanically recycled polyethylene resin (rPE) from NOVA Chemicals Corporate, which will be utilized in the production of flexible packaging films. This initiative aligns with Amcor's dedication to promoting packaging circularity by increasing the utilization of rPE in flexible packaging applications.

In July 2023, Constantia Flexibles introduced a new pharmaceutical packaging solution called REGULA CIRC, which utilizes coldform foil. The packaging replaces conventional PVC with a PE sealing layer, resulting in a reduction in plastic content while increasing the proportion of aluminum. This optimization not only enhances the sustainability of the packaging but also improves material recovery during recycling processes.

In April 2023, Südpack introduced its PharmaGuard blister, a polypropylene-based blister packaging. This new product offers an outstanding water vapor barrier along with effective barrier resistance against UV and oxygen.

Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research.

#Pharmaceutical Packaging Market

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trendingrepots · 2 months ago

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Adalimumab Market - Forecast(2024 - 2030)

Adalimumab Market Overview

Adalimumab Market Size is forecast to reach $3245.8 Million by 2030, at a CAGR of 6.20% during forecast period 2024-2030. Adalimumab is a monoclonal antibody and disease-modifying antirheumatic medication that acts by inactivating tumor necrosis factor-alpha. It is marketed under the brand names Humira and Exemptia, among others. The original adalimumab drug is sold under the brand name Humira. New versions of adalimumab are known as adalimumab biosimilars. Biosimilars are similar versions of original biological medicines. Adalimumab is a drug used to treat rheumatoid arthritis and ankylosing spondylitis which affects the musculoskeletal system, Crohn’s disease, ulcerative colitis, psoriatic arthritis, hidradenitis suppurativa, and other diseases. It was first introduced in the United States by Abbvie and was approved by the FDA in 2002. It is used to alleviate inflammation by acting on the immune system. The growing prevalence of arthritis and skin disorders, adoption of a sedentary lifestyle, and growing obese population are some of the factors driving the Adalimumab Market growth during the forecast period 2024-2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage

The report: “Adalimumab Market Forecast (2024-2030)", by Industry ARC covers an in-depth analysis of the following segments of the Adalimumab Market.

By Disease- Crohn’s disease, Psoriatic arthritis, Rheumatoid arthritis, Ulcerative colitis, and others. By Type- Adalimumab, Adalimumab Biosimilar. By End-Users- Hospitals, Specialty Clinics, and Others. By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

Geographically, North America held a dominant market share in the year 2021 on account of the increasing prevalence of psoriasis arthritis, highly informed people knowing the benefits of adalimumab, and high healthcare expenditure. Asia-Pacific is expected to offer lucrative growth opportunities to the manufacturers owing to increasing prevalence of Crohn's disease and ulcerative colitis., demand for better healthcare facilities as well a boost in the investments done by government and private companies in pharma industry. The proliferation of Rheumatoid arthritis is predicted to augment the market growth during the forecast period of 2022-2027.

The growing prevalence of arthritis and skin disorders is estimated to drive the market growth of the Adalimumab Market. High cost as well as lack side effects of adalimumab poses threat to the market growth.

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Adalimumab Market Report.

#Adalimumab Market price #Adalimumab Market size #Adalimumab Market share

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mordorintelligencemarketresearch · 2 months ago

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India’s Pharma Boom: Trends and Challenges Shaping the Market Landscape

Market Size and Growth

The India Pharmaceutical Market is projected to reach USD 62.93 billion in 2024 and is anticipated to grow to USD 83.90 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.92% during the forecast period from 2024 to 2029.

Market Overview

The Indian pharmaceutical industry is one of the largest in the world, known for its vast generic drug manufacturing capabilities and a robust pipeline of research and development. With a growing demand for affordable healthcare and increasing investment in biotechnology, the sector is poised for substantial growth. The government’s initiatives and favorable policies further bolster the industry's expansion.

Key Trends

Digital Transformation: The integration of digital technologies in manufacturing and supply chain management is streamlining operations and improving efficiency.

Rise of Biologics: There is a noticeable shift towards biologics and biosimilars, driven by advancements in biotechnology and increased patient demand for specialized treatments.

Regulatory Reforms: Recent regulatory changes aimed at expediting drug approvals are enhancing market accessibility and encouraging innovation.

Focus on Sustainability: The industry is increasingly adopting sustainable practices, including green chemistry and waste reduction, to align with global environmental standards.

Telemedicine Growth: The surge in telemedicine usage, especially post-COVID-19, is reshaping pharmaceutical distribution and patient engagement strategies.

Challenges

While the Indian pharmaceutical industry is on a growth trajectory, it faces several challenges, including:

Intellectual Property Concerns: Navigating patent laws and protecting innovations remain significant hurdles.

Quality Control Issues: Ensuring consistent quality across manufacturing facilities is critical, particularly as international scrutiny increases.

Market Competition: Intense competition from both domestic and international players can impact pricing and profitability.

Supply Chain Disruptions: Global supply chain challenges can affect the availability of raw materials and timely delivery of products.

Regulatory Compliance: Keeping up with evolving regulatory requirements can be complex and costly for manufacturers.

Conclusion

The Indian pharmaceutical market stands at a pivotal point of growth, driven by innovation, digital transformation, and increasing healthcare demands. While challenges persist, the opportunities for expansion and diversification are vast. Stakeholders must remain agile and proactive in addressing these challenges to fully capitalize on the promising outlook of this dynamic industry.

#Indian pharmaceutical market #Indian pharmaceutical market size #Indian pharmaceutical market share #Indian pharmaceutical market trends #Indian pharmaceutical market growth #Indian pharmaceutical industry #Indian pharmaceutical industry overview

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