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In-vitro Diagnostics (IVD) Packaging Market Analysis, Status and Global Outlook 2021 to 2025 -Amcor Limited, - Aptargroup Incorporated, - Corning Incorporated, - Greiner Holding AG
Market Insights Reports released a new study on 2021-2025 In-vitro Diagnostics (IVD) Packaging Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.The Global In-vitro Diagnostics (IVD) Packaging Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the In-vitro Diagnostics (IVD) Packaging market and its market dynamics for the period 2021-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The In-vitro Diagnostics (IVD) Packaging market was valued at USD 7.22 billion in 2019 and is expected to reach USD 9.52 billion by 2025, at a CAGR of 4.5% over the forecast period 2020- 2025.
Covid-19 Impact and Recovery Analysis:
The global In-vitro Diagnostics (IVD) Packaging market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.
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Top Key Players in the Global In-vitro Diagnostics (IVD) Packaging Market: Amcor Limited, - Aptargroup Incorporated, - Corning Incorporated, - Greiner Holding AG, - Thermo Fisher Scientific Incorporated, - COMAR, LLC., - WS Packaging Group, - DWK Life Sciences
- June 2019 - Amcor announced the successful completion of its acquisition of Bemis Company Inc. The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis brings additional scale, capabilities, and footprint that will strengthen Amcors industry-leading value proposition
Key Market Trends
Laboratories Segment to Witness High Growth
- As the hospitals and laboratories are some of the major consumers of in vitro diagnostic devices, the increasing revenues of these sectors are also expected to develop the market for IVD packaging across the globe.
- With the shift from the legacy systems to the commercial solutions favored by the laboratories, the market is expected to grow further as they provide a flexible and reliable method to manage data, resources, and workflows.
- Many governments across the globe are also regulating policies for laboratories having IVDs. For instance, in May 2018, Australias Therapeutic Goods Administration (TGA) unveiled guidance for laboratories to meet in vitro diagnostics (IVD) regulatory requirements.
- Moreover, the ongoing shift towards personalized medical devices is expected to create a demand for IVD devices. Also, the innovations in IVD devices are likely to accelerate the demand for IVD packaging during the forecast period.
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Asia-Pacific to Witness High Growth
- The Chinese government is increasing there healthcare expenditure primarily to focus on public health. With the increasing number of hospitals in China, it is justifying their investment in public health initiative, which is driving the market in this region.
- Moreover, Japan has faced the challenges of shrinking and aging population for several years. The latest population estimate by the Health, Labor, and Welfare Ministry, released in December 2018, points to the rapid decline of Japans population with fewer births. The number of babies born in the country, in 2018, is estimated at 921,000, which is 25,000 less than the previous year and falling short of 1 million for the third year in a row. These circumstances in the country have accelerated healthcare spending in the region.
- India is also considered as a lucrative market for generic R&D activities and manufacturing of pharmaceuticals, owing to its strong capabilities across the value chain. Moreover, India's competitive advantage also resides in the magnified success rate of Indian companies in getting the Abbreviated New Drug Application (ANDA) approvals, which is boosting the market growth.
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Significant Features and Key Highlights of the Reports:
– Detailed overview of In-vitro Diagnostics (IVD) Packaging Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of In-vitro Diagnostics (IVD) Packaging Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global In-vitro Diagnostics (IVD) Packaging market?
- What are the key concerns of the five forces analysis of the Global In-vitro Diagnostics (IVD) Packaging market?
- What are different prospects and threats faced by the dealers in the Global In-vitro Diagnostics (IVD) Packaging market?
- What are the strengths and weaknesses of the key vendors?
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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