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Analysis on New Product Launches in COVID-19 Related Markets – Pharmaceutical Contract Packaging Market 2020-2024 | Rising R&D Spending in the Pharmaceutical Industry to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalPharmaceuticalContractPackagingMarket–The pharmaceutical contract packaging market is expected to grow by USD 7.07 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the pharmaceutical contract packaging market in optimistic, probable, and pessimistic forecast scenarios.

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The pharmaceutical contract packaging market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

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Key Considerations for Market Forecast:

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Major Three Pharmaceutical Contract Packaging Market Participants:

AmerisourceBergen Corp.

AmerisourceBergen Corp. operates its business under two segments, which include pharmaceutical distribution services and others. The company offers packaging solutions to institutional and retail healthcare providers.

Becton, Dickinson and Co.

Becton, Dickinson and Co. operate its business under various segments such as BD medical, BD life sciences, and BD interventional. The company offers patient-specific medication packaging in pharmacies, hospitals, and pouch packaging centers.

Berlin Packaging

Berlin Packaging operates its business under a unified segment. The company offers packaging solutions for pharmaceutical, nutraceutical, and healthcare.

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Pharmaceutical Contract Packaging Market 2020-2024: Segmentation

Pharmaceutical contract packaging market is segmented as below:

The pharmaceutical contract packaging market is driven by rising R&D spending in the pharmaceutical industry. In addition, other factors such as opportunities due to patent expiration of drugs is expected to trigger the pharmaceutical contract packaging market toward witnessing a CAGR of almost 17% during the forecast period.

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