pharma packaging

According to the National Institute for Occupational Safety and Health (NIOSH), a closed-system transfer device is defined for use in compounding and administering sterile doses of chemotherapy and other hazardous drugs, as a drug transfer device that mechanically prohibits the transfer of environmental contaminants into the system and the escape of hazardous drugs or vapor concentrations outside the system.

Along with the global medical device market, the Indian medical device market has also observed steady growth. GlobalData’s research reveals that India’s medical devices market accounted for around 25 percent of the Asia-Pacific market in 2021.

India is a key market for medical device outsourcing. This industry has seen tremendous growth over the last few years. Several joint ventures, agreements, and loan licensing procedures have influenced the market and caught the eye of foreign manufacturers.

Key Growth Drivers of the Market

The packaging industry, while might appear to be concentrated and operational in a small niche, caters to a wide variety of manufacturers and suppliers. In this blog, we will list the major Indian packaging companies that support the pharmaceutical industry.

The growth of the e-commerce industry has made cross-border shopping as easy as the click of a button. While this changing market trend has many pros, it also has some cons and risks associated with it. Viewing images of the product you are going to purchase on a screen only makes it harder to validate the authenticity of the seller and the product itself.