Market Trends of MEA Ampoules Packaging Industry
This section covers the major market trends shaping the MEA Ampoules Packaging Market according to our research experts:
Glass Ampoules are Expected to Show Significant Adoption
- Glass ampoules are widely adopted as a type of primary packaging in the pharmaceutical industry packaging for injection drugs due to its various benefits. In the glass ampoules, the drugs come in contact with the glass, and the packaging is 100% tamper-proof. Also, ampoules are a popular choice for primary packaging for injectables and hence are widely adopted in the cost-sensitive market or the emerging markets like Middle East & Africa.
- The region is also witnessing an increase in the government initiatives and support to foster the adoption of generic products, coupled with the move to start a generic medical store. Also, a high prevalence of infectious diseases in the region is expected to drive the adoption of injectibles in the region, increasing the adoption of glass ampoules in the region during the forecast period.
- Also, in the case of diseases like HIV/AIDS treatment, the need for sterile drug injection equipment for injecting drugs increases, as the disease can easily be transmitted through the use of the same equipment to inject the drug. Hence, ampoules may be used for drug storage and transport. This is expected to increase the adoption of ampoules in the region, as the risk for HIV/AIDS positive is high in the region.
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South Africa Expected to Hold a Significant Share in the Region
- South Africa’s economy is booming due to a relatively stable political scenario in the country and the enormous investments made by companies from around the world. Also, the country has seen significant growth in the pharmaceutical industry.
- The rapid growth in the pharmaceutical industry in South Africa can be attributed to rapid urbanization, increased healthcare spending, and investments by leading pharmaceutical companies. Emerging economies across the globe have encouraged international players to expand their pharmaceutical companies in South Africa.
- However, with the rapid growth in the pharmaceutical industry in South Africa, the need for proper packaging solutions also increases. This is because during the various processes in the supply chain of a pharmaceutical product, starting from manufacture to consumption, the pharmaceutical products and drugs need to be handled carefully. This is primarily due to the sensitive nature of drugs, which, when exposed to any exterior environment, lose their therapeutic or medicinal properties. Hence, it is mandatory for pharmaceutical companies to follow stringent regulations regarding consumer safety and environmental regulations.
- Due to the growing instances of diseases and the growing need to keep the medical solutions safe from the external environment, the pharmaceutical companies are ensuring the quality of pharmaceuticals throughout the manufacturing, storing, and packaging processes. Also, pharmaceutical companies are launching drugs to treat major diseases prevalent in the country, which will further boost the demand for ampoules in South Africa.
- For instance, in November 2018, South African drug maker Aspen Pharmacare launched a triple-combination tablet for the treatment of HIV in the country where the virus is most prevalent. The company’s new Emdolten drug is an antiretroviral medication that counters the drug resistance that often develops with older HIV treatments.
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