As people continue to become more and more health conscious, they are adopting healthier lifestyles, which helps to increase life expectancy. In turn, this has led to a greater demand for pharmaceutical products required for the growing number of elderly people. Couple that with the current patent cliff — the expiration of patents for a number of blockbuster drugs — and the demand for pharmaceutical packaging machinery remains high. Meeting the demand for machinery will not tax the industry, but the increased regulation of pharmaceuticals does make it more challenging, according to the 2016 Global Trends Impacting the Market for Packaging Machinery, from PMMI, the Association for Packaging and Processing Technologies.
Throughout the world, there is legislation either in place or coming down the pike to ensure a strong internal risk framework. The report addresses the largest laws and offers specifics on remaining compliant.