PARENTERAL PACKAGING MARKET ANALYSIS

Regional Analysis

Global Parenteral packaging Market – Regional Analysis

On the basis of region, the global parenteral packaging market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America holds a major market share, followed by Europe, in the global parenteral packaging market. This is mainly due to rise in prevalence of cancer, which is projected to favor the growth of the parenteral packaging market. According to the American Cancer Society (ACS) 2019, in  the U.S. an estimated 870,970 males and 891,480 females of all ages suffered from four major types of cancer such as lungs and bronchus, colon and rectum, breast, and prostate.

Also, Asia Pacific is expected to witness significant growth in the parenteral packaging market due to the continually increasing aging population and lifestyle changes which have led to an increase in the prevalence of chronic diseases such as diabetes. According to International Diabetes Federation 2017, around 425 million people have diabetes in the world, and the number is expected to increase to 151 million. Moreover, among 425 million diabetes cases, around 72,946,400 cases of diabetes are reported in India.

Figure 2: Global Parenteral Packaging Market Share (%), By Region, (2019 & 2027)

Source: Coherent Market Insights Analysis (2020)