Market Research Future (MRFR) has published a “Global Pharmaceutical Cartridges Market”
The global pharmaceutical cartridges market is accounted to register a CAGR of 3.60% during the forecast period and is estimated to reach USD 2.06 billion by 2032.
Pharmaceutical cartridges are glass cylinders containing either liquid or solid dosage forms. Primarily, they are designed for prefilled syringes and autoinjectors. Insulin, other allergy emergency medications, and dental anesthetics are some examples of drugs that can be placed in pharmaceutical cartridges. Consequently, the rising incidence of chronic diseases such as diabetes is one of the primary factors propelling market expansion. Due to the rising demand for packaging solutions that prevent medication contamination, the pharmaceutical packaging cartridge market is expected to expand during the forecast period. In addition, the ever-increasing elderly population and diseases associated with aging are driving demand.
An increase in the incidence of chronic diseases such as diabetes is one of the primary factors driving the expansion of the market for pharmaceutical cartridges. In addition, a growing elderly population and rising healthcare expenditures in developed nations will contribute to the demand for pharmaceutical cartridges over the forecast period.
MRFR recognizes the following companies as the key players in the global Pharmaceutical Cartridges market— Ambica Pharma Machines Pvt. Ltd., AptarGroup Inc., Baxter International Inc., Camfil AB, Datwyler Holding Inc., Gerresheimer AG, Groninger, and co. gmbh, Hubena, Kalbag Filters Pvt. Ltd., KEL INDIA FILTERS, Maquinaria Industrial Dara SL, Merck KGaA, Nipro Corp., SCHOTT AG, and SGD S.A.
The global Pharmaceutical Cartridges market has been segmented based on Material and Capacity.
Based on Material, the market is segmented into Glass and Plastic. The glass segment was attributed to holding the largest market share in 2022.
Based on Capacity, the global Pharmaceutical Cartridges market has been segmented into Below 5 ml, 5-50 ml, 51-250 ml, and Above 250 ml. The 5-50 ml segment was expected to hold the largest market share in 2022.
The global Pharmaceutical Cartridges market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Pharmaceutical Cartridges market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Pharmaceutical Cartridges market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Pharmaceutical Cartridges market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific market for Pharmaceutical Cartridges will dominate this market. Developing countries such as China and India account for approximately 60% of the pharmaceutical cartridge market in the Asia-Pacific region. The market in Asia-Pacific is expanding due to the increasing demand for pharmaceutical products and the influx of numerous local and international pharmaceutical companies.
Europe holds the second-highest market share for Pharmaceutical Cartridges. Insulin is frequently administered via pharmaceutical cartridges due to its advantages, which include long-term storage and accurate dosing. In addition, the increased focus that European businesses are placing on the production of glass cartridges due to their increasing use in pharmaceutical packaging will benefit the region's economic growth.
From 2023 to 2032, the Pharmaceutical Cartridges Market in North America is anticipated to grow at the highest CAGR. An increase in the prevalence of chronic conditions, such as diabetes and arthritis, is driving the demand for pharmaceutical cartridges in North American nations. The developed healthcare and pharmaceutical industries and high expenditure in countries such as the United States and Canada contribute to the growth of the regional market.
Latin American and African governments are assisting international pharmaceutical corporations in establishing production facilities in the region. In African nations, imports of pharmaceuticals from around the globe are restricted. This has transformed the Middle East and African pharmaceutical manufacturing landscape.
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Key Findings of the Study