Pharmaceutical industry is always coming up with contemporary inventions and cutting edge diagnosis to provide exact medication for healthy life. If we take a look on pharmaceutical packaging market there are various types are available such as
- Plastic Bottles.
- Blisters Packs.
- Labels & Accessories.
- Caps & Closures.
- Medical Specialty Bags.
- Pre-Fillable Syringes.
- Temperature Controlled Vaccines/Medicines Packaging.
- Pouches & Strip Packs.
The packaging types are changing day by day according to the change in technology, its specifications, customer requirements, and to increase market size of that particular medicine or drug. The global Healthcare and Packaging EXPO show held in North America in 2018 delivers the latest packaging techniques among 300 exhibitors serving to pharmaceutical, medical device, biologics and nutraceuticals industries.
The smart packaging ideas are also coming into picture which contains digitization of packaging. The technologies used to provide special packaging features are sensors, radio frequency identification (RFID), electronic anti-tamper safeguards and tracking systems; programmable alerts etc. are executing the fastest growth in pharma industry.
Digital revolution continues to disrupt business and routine life, and the measure of acceptance is accelerating because of increased rate of using smartphones and internet of things. According to the survey by 2020 it is projected that there will 50 billion connected devices globally and 80 percent of pharmaceutical companies are awaited to have a digitized supply chain.
Pharmaceutical packaging plays a vital role in ensuring the quality and sterility of a medicine. Hence the global pharmaceutical packaging offers latest market trends, growth factors, lucrative career opportunities and significant revenues and technological advancements are the key directions to shape the future market.
Pharmaceutical packaging plays a key role in ensuring the sterility and quality of a drug product, while providing information related to its identity and, in certain cases, dosing instructions as well. Primary packaging, owing to the fact that it is in direct contact with the drug / therapy, is considered to be critical to the preservation of the product's stability, efficacy and safety. Further, given the growing complexity of modern pharmacological interventions, especially biologics, it has become imperative for drug / therapy packaging considerations to be reevaluated, taking into consideration the evident shift from large batches of one remedy for everyone to smaller batches of more personalized treatment options. In addition to optimizing drug-packaging compatibility, stakeholders in the pharmaceutical packaging industry have adopted a number of other flexible solutions to reduce overall cost and expedite time to market.