Report ID: UCMIG35D2016
Report ID:
UCMIG35D2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The parenteral packaging market is expected to grow at a CAGR of more than 6% from 2023 to 2032 due to the increased demand for medical treatments among the growing elderly population. The average life expectancy in European countries is expected to rise to over 80 years in the next decade, which is attributed to advancements in medical practices. This will result in a higher need for the diagnosis and management of geriatric medical problems, driving demand for parenteral products such as cartridges and ampoules. The market was valued at over USD 30 billion in 2022.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35D2016