Dosage Cups Market Is Expected To See a growth of 5 % | Future Market Insights

Global dosage cups market registered steady growth with worldwide revenues up by 4.6% year-over-year in 2021. As per Future Market Insights (FMI), the sales of dosage cups between 2021 and 2031 will total US$ 3.3 Bn. The market has been forecast to exhibit growth at 5.0% CAGR over the course of the assessment period.

As per FMI, the global consumption of dosage cups is forecast to increase by year-on-year (YoY) growth of 4.4% in 2021, totaling 45.2 billion units.  Demand in the U.S. market is estimated to increase by 3.7% year on year, surpassing sales of US$ 429.5 Mn in 2021.

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2016-2020 Dosage Cups Market Outlook Compared to 2021-2031 Forecast

Rising demand for accurate measuring devices among the end users is driving the dosage cups market. The global market is projected to register growth at 5.0% CAGR between 2021 and 2031 in comparison to the 3.8% CAGR registered during 2015 to 2020.

Dosage Cups Market by Category

By Capacity:

Upto 15ml
16ml to 35ml
Above 35ml

By Product Type:

Reusable
Disposable

By Printing:

Printed
Non-printed
Embossed

By End-Users:

Hospitals
Clinical Labs
Medical Institutions
Households
Pharmaceuticals
Others

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What Is the Impact of COVID-19 on the Global Market for Dosage Cups?

The global market for dosage cups witnessed high demand during the COVID-19 with the expansion of healthcare and pharmaceutical industry. As the demand for medicines increased following the outbreak, adoption of dosage cups surged within pharmaceutical industry, hospitals, and clinical labs.

Key manufacturers operating in dosage cups market are focusing on increasing their production capacity to meet the rising demand for measurement devices among the end users.

Expanding healthcare services to cure the patient suffering from COVID-19 are augmenting the sales of dosage cups across the globe. The focus on providing the accurate dose of medication will fuel the adoption of dosage cups.

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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.