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Pharma and Med Device Infographic Shows Industry Growth

PMMI examined the latest trends impacting the pharmaceutical and medical device markets.

The Age Shift / Image: PMMI
The Age Shift / Image: PMMI

PACK EXPO East, Feb. 27–March 1 at the Pennsylvania Convention Center in Philadelphia, is quickly approaching. The show organizer PMMI, The Association for Packaging and Processing Technologies, has examined the global expansion of the pharmaceutical and medical device markets, including the impact of mergers and acquisitions in the association's latestinfographic, “Pharmaceutical and Medical Device Market Trends.”

A rapidly aging population, longer life expectancy, and general increase in rare or chronic diseases is impacting healthcare worldwide. The infographic shows that global medicine use is expected to reach 4.5 trillion doses by 2020, up 24% from 2015. For more detailed information on pharmaceutical and medical device industry trends in technology, equipment procurement, regulations and standards and the impact of manufacturing, check out PMMI’s 2016 Pharmaceutical and Medical Device Report.

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