Thursday, December 4, 2014
As 2014 comes to a close we’re looking ahead to what the new year will bring and, according to a new report,the North American pharmaceutical packaging market is set to expand. According to the report, the market is expected to reach more than $26 billion by 2019 due to several factors which are driving exponential growth in the pharmaceutical industry.
In 2012 North America accounted for more than 40% of pharmaceutical sales worldwide, and now there is a larger focus on healthcare by the government, as well as a changing lifestyles and screening technologies, leading to more diagnoses and self-medication.
As pharmaceuticals rise so too must the packaging industry. For pharmaceutical and medical device packaging there are a variety of regulations that packagers must meet including environmental, consumer safety, and labeling compliances. At Mark-10 our force and torque measurement products can help the pharmaceutical and medical device industries achieve quality control objectives through applications such as tablet crush force, needle penetration force, syringe plunger force, bottle cap torque testing, and more. To learn more about our products, visit us online. We are also active on Twitter, LinkedIn, and Facebook where we post more company updates and pharmaceutical news.