Market Size of Global Medical & Pharmaceutical Pouch Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical & Pharmaceutical Pouch Market Analysis
The Global Medical & Pharmaceutical Pouch Market is expected to register a CAGR of 5.4% during the forecast period (2022-2027). An increase in the consumption of medical and pharmaceutical pouches was predicted due to an increase in the occurrence of infections and a rise in the sales of drugs to treat various respiratory disorders. The rise in overall medicine sales was also a major factor, as lockdown limitations imposed by several governments worldwide
- Pharmaceutical sector technological advancements are rapidly changing the drug delivery mechanism and chemical ingredients. A higher and more modern packaging is required to ensure the appropriate working and protection of the new medication delivery technology.
- Further, Pharmaceutical pouches are one type of packaging widely utilized in modern medication delivery systems. Pharmaceutical pouches are available in child-resistant and senior citizen-friendly forms and mechanisms, in addition to barrier qualities against the external environment.
- Pouches are commonly used containers for small-to-medium-sized soft, semi-soft sterile medical goods sold and are not vulnerable to damage during shipment and storage. The applications include intravenous (IV) catheters, IV administration sets, dialysis disconnect caps, wound dressings, small surgical instruments, diagnostic test packs, sutures, and dental supplies
- The pharmaceutical sector plays a vital role in the market, moving from manufacturing generics to new drug development. The Healthy China 2030 initiative underlines this shift. Hence, the growth of the pharmaceutical industry is expected to create opportunities, thereby driving the medical & pharmaceutical pouch market's growth positively.
