Quality and safety are in focus as industry advancements force a change, writes chief pharma expert at Bosch Packaging Technology, Johannes Rauschnable, PhD.
Key changes
The market for pharmaceuticals is growing at an astonishingly rapid pace. According to a market report by the QuintilesIMS Institute, expenses for drugs will amount to $1.5 trillion globally in 2021. The reasons are obvious: global population is increasing (by 1.24% per year until 2030) and ageing at the same time. Increasing urbanization and a growing middle class are making drugs available and affordable for more people, while leading to a higher demand for medication.