Navigation Links
Pharmaceuticals Packing and Labeling Services the US Industry Market Research Report Now Available from IBISWorld
Date:8/8/2014

New York, NY (PRWEB) August 09, 2014

The role of the Pharmaceuticals Packing and Labeling Services industry has expanded significantly over the past five years in response to stringent government regulations that have increased pharmaceutical manufacturers' outsourcing of packaging and labeling services. Increasingly pressured to more quickly deliver innovative drugs to market, many pharmaceutical manufacturers are outsourcing their noncentral components (e.g. packing and labeling) to third parties to focus on their core competencies. Additionally, growing use of drug therapies, an aging American population and expanded access to healthcare have stimulated demand for pharmaceuticals during the past five years, bolstering demand for industry services. As a result of these trends, Pharmaceuticals Packing and Labeling Services industry revenue is expected to rise an annualized 3.3% during the five years to 2014, to $1.6 billion, including an increase of 3.8% in 2014.

According to IBISWorld Industry Analyst Lucas Isakowitz, “The Patient Protection and Affordable Care Act of 2010 (PPACA) has spurred industry growth during the past five years. According to the Congressional Budget Office (CBO), since its singing in 2010, the PPACA has increased the number of Medicaid insured individuals by 8.0 million. Similarly, due to the PPACA, coupled with the improving economy, the number of Americans with private health insurance has grown at an annualized 1.3% during the past five years. As individuals with health insurance have a 75.0% higher drug use rate and tend to spend more on prescription drugs than uninsured individuals (according to US government statistics) healthcare reform has stimulated downstream demand for pharmaceutical manufacturers, which ultimately increases demand for packaging and labeling services.

“Expanded access to health insurance and healthy demand for pharmaceuticals will continue to underpin industry performance over the five years through 2019,” says Isakowitz. According to the CBO, the initiatives that the 2010 healthcare reform have pushed are expected to provide 26.0 million previously uninsured individuals with coverage by 2024. This will stimulate demand for pharmaceuticals, ultimately translating into high demand for packaging and labeling services. Additionally, growing importance of tamper-proof, anticounterfeiting packaging will keep demand high for industry services.

For more information, visit IBISWorld’s Pharmaceuticals Packing and Labeling Services in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

The Pharmaceuticals Packing and Labeling Services industry provides packing and labeling services for prescription and over-the-counter pharmaceuticals, biologics, consumer health and veterinary products. Packing and labeling may be provided for finished drug products or active pharmaceutical ingredients. Industry services may include packaging into blisters, bottles, pouches and unit doses, specialty vial or syringe labeling and kitting for injectables.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12083649.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Pharmaceuticals Wholesaling in Australia Industry Market Research Report Now Updated by IBISWorld
2. New UT Arlington research could improve pharmaceuticals testing
3. Actos Bladder Cancer Allegations Attorney Help: Resource4thePeople Comments on Progress of Federal Litigation Involving Cancer Claims Filed against Takeda Pharmaceuticals
4. Global Pharmaceuticals & Medicine Manufacturing Industry Market Research Report from IBISWorld has Been Updated
5. Database tracks toxic side effects of pharmaceuticals
6. Fem Med Formulas Announces an Exclusive License Agreement with NewBridge Pharmaceuticals
7. Actos Bladder Cancer Allegation Lawyer: Resource4thePeople Reports New Cases Involving Cancer Claims Filed against Takeda Pharmaceuticals
8. OTC Pharmaceuticals - Global Group of Eight (G8) Industry Guide
9. Biopharmaceuticals - A Global Market Overview
10. FDA Issues Letter to Sunovion Pharmaceuticals, Claims Patient Brochures Made by Company to Support Its Respiratory Drug Brovana Mislead, Parker Waichman LLP Notes
11. Partnerships, Licensing, Investments and M&A Deals and Trends in Pharmaceuticals - Q2 2013
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/23/2017)... ... 23, 2017 , ... Better education to coaches and parents ... work today at the American Orthopaedic Society for Sports Medicine’ s ... to prospectively document the association between sports specialization and lower extremity injuries in ...
(Date:7/23/2017)... ... July 23, 2017 , ... “Squiggy’s Outdoor Adventure”: a turtle’s backyard ... the creation of published author, Paula Christian, a wife and mother to three amazing, ... family, who center their lives on God. She loves to tell stories to ...
(Date:7/21/2017)... ... , ... "As a doctor of lung medicine managing chest diseases for more ... said an inventor from Center Valley, Pa. "My idea is to improve the device ... the patent-pending PLEURAL SAFE-t-STAT CATHETER KIT to offer an efficient means of draining pleural ...
(Date:7/21/2017)... ... July 21, 2017 , ... The Karen Miller Agency, a ... in the greater Birmingham area, is joining the Chris Hammond Youth Foundation in ... the region. , The Chris Hammond Youth Foundation maintains athletic facilities in rural ...
(Date:7/21/2017)... ... July 21, 2017 , ... Bernard R. Bach, Jr., MD, orthopaedic surgeon at ... Orthopaedic Society of Sports Medicine (AOSSM) , received the 2017 Robert E. Leach Sports ... Toronto, Canada. This prestigious award is given annually to honor those who have made ...
Breaking Medicine News(10 mins):
(Date:7/14/2017)... 13, 2017 It should come as no surprise ... is in the midst of a crippling opioid epidemic. According ... the number of overdose deaths from opiate-based medications has quadrupled, ... a million dead from 2001 to 2015". During this time, ... has similarly quadrupled, drawing a compelling link between prescription and ...
(Date:7/13/2017)... 2017 RK Logistics Group, Inc. was awarded ... its Fremont, CA headquarters facility where ... and San Jose for hi-tech, pharmaceutical ... , with its Fremont Innovation District, is excited to ... powerful resource to the hundreds of biotech, pharma and biomed ...
(Date:7/12/2017)... -- CarpalAID is a revolutionary new product that relieves painful carpal ... tunnel syndrome affects more than 8 million people a year. Women ... The common methods of treating CTS are painful surgery, the use ... gloves. ... CarpalAID is a clear patch worn on the palm of the ...
Breaking Medicine Technology: