Three Factors Set To Boost Consumption of Medicines and Incr
Packaging

21 Feb 2012, 4:43 Sinocorrugated

Three Factors Set To Boost Consumption of Medicines and Increase Demand for Drug Packaging

The future prospects of China’s medicine industry, which has experienced sustained rapid growth over the last few years, are highly positive. In the next two decades, the medicine manufacturing industry will undergo a period of rapid development due to three factors:

• new reforms in medicine;
• policy support from the 12th Five-Year Plan,
• greater consumption of medicine by an ageing population.

China’s Ageing Population
According to census data, China’s elderly population will reach 248 million in 2020, accounting for 17.17 percent of the population. By 2050, the number of elderly people in China will exceed 400 million – 30 percent of the population. Currently, the elderly account for half the medicine consumed in China. As the ageing population grows, medicine consumption will rise at a correspondingly rapid rate.

Rising Incomes Stimulate Higher Medical Expenditure
As incomes rise, so medicine consumption per capita is also increasing. Additionally, the demographic of people who consume drugs most frequently, the elderly, is growing. These two factors combined raise the level of China’s drug consumption.

Policy Effects Becoming Evident
Medical Reforms Boost Medicine Consumption
The establishment of a cooperative medical system in rural areas has enabled rural dwellers unable to afford pricy treatments and medicines to access healthcare. Increased government subsidies mean that residents are now reimbursed a greater percentage of their medical expenses. This has encouraged those in need of medical care to seek treatment in hospitals. Nevertheless, healthcare spending accounted for a low proportion of the Chinese government’s spending. This is to say that there remains room to increase medical expenditure and, as a consequence, boost access to, and consumption of, medicine.

Folding carton boxes are easy to carry, easily recyclable and environment friendly. For this reason, most medicines on the market are packaged with it. Today, the folding carton manufacturing industry is faced with fresh opportunities to package drugs.

The introduction of the drug electronic monitoring code policy has given the folding carton packaging industry the opportunity to expand into medicine packaging. In 2011, China’s FDA decreed that all basic medicines should have electronic monitoring codes by the end of February 2012. This requirement will then be extended to all medicines by 2015. At that time, even the smallest package of drugs produced by the country’s 2,152 drug and medicine manufacturers will have an electronic monitoring code.

Folding carton packaging for medicine is more refined than regular carton. This is why drug packaging manufacturers, in need of suitable processing equipment are keen to find of suppliers who can provide inkjet printing solutions in the form of rapid, precise inkjet printers.

SinoFoldingCarton 2012 will be a powerful showcase of the latest solutions in the printing market. It will also be the ideal channel through which to buy equipment. The exhibition will feature a dedicated Electronic Monitoring Code Zone where the latest advances for drug electronic monitoring codes will be displayed. The trade show will also feature the most popular solutions on the market and highlight emerging trends in the drug packaging and printing industry.

Visitors and folding carton manufacturers can get the information, expertise and equipment they need to enter a new field of drug box packaging at SinoFoldingCarton 2012.

Renowned companies like Kodak, Shanghai Dragon, Shengde, Jieming, Kangde Xin, Lixin, Tongde, Fullsource, Domino and Founder will exhibit at SinoFoldingCarton 2012. The show will take place from April 11 to 13 at Guangdong Modern International Exhibition Center in Dongguan. Visitors are invited to come and engage with key exhibitors and find solutions for the creation and application of electronic monitoring codes.


For more information, please visit www.sino-foldingcarton.com

About the Organiser
Reed Exhibitions is the world’s leading events organizer, with 500 events in 39 countries. In 2011 Reed brought together six million event participants from around the world, generating billions of dollars in business. Today Reed events, organized by 33 fully staffed offices, are held throughout the Americas, Europe, the Middle East and Asia-Pacific.

Reed organizes a wide range of events, including trade and consumer exhibitions, conferences and meetings. Its portfolio of 500 events serves 44 industry sectors, including: aerospace & aviation, automobiles, beauty & cosmetics, broadcasting, building & construction, electronics, energy, oil & gas, engineering & manufacturing, food service & hospitality, gifts, healthcare, interior design, IT & telecoms, jewellery, life sciences & pharmaceuticals, machinery, marketing, business services & training, medical education, printing & graphics, security & safety, sports, recreation and travel.

By working closely with professional bodies, trade associations and government departments, Reed ensures that each and every event is targeted and relevant to industry needs. As a result, many of Reed’s events are leaders in their field.

Reed Exhibitions is part of Reed Elsevier Group plc, a publisher and information provider. In 2010, Reed Elsevier made an adjusted pre-tax profit of £1, 279 million on turnover of £6,055 million.

For press information, please contact:
Sinsia Xing
Tel: +86 21 2231 7065
Fax: +86 21 2231 7183
Email: sinsia.xing@reedexpo.com.cn



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