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Unit Dose Manufacturing Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Unit Dose Manufacturing Market
The Business Research Company offers in-depth market insights through Unit Dose Manufacturing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The unit dose manufacturing market size has grown exponentially in recent years. It will grow from $27.36 billion in 2023 to $33.16 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to traditional pharmaceutical manufacturing practices, regulatory developments in drug packaging, rise in demand for personalized medicine, growth of the aging population, increased prevalence of chronic diseases.
The unit dose manufacturing market size is expected to see exponential growth in the next few years. It will grow to $71.83 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to adoption of industry 4.0 in pharmaceutical manufacturing, emphasis on personalized and precision medicine, regulatory focus on drug safety and efficacy, expansion of pharmaceutical outsourcing, growing demand for patient-centric drug delivery. Major trends in the forecast period include implementation of advanced automation in unit dose manufacturing, integration of iot in pharmaceutical packaging, customization of unit dose packaging for specific drugs, adoption of sustainable and eco-friendly packaging materials, growth of 3d printing in personalized drug manufacturing.
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Market Segmentation:
The unit dose manufacturing market covered in this report is segmented -
1) By Product: Liquid Unit Dose, Solid Unit Dose, Other Products
2) By Sourcing: In-House, Outsourcing
3) By End-User: Independent Pharmacies, Long Term Care Facility, Hospitals, Other End-Users
Major Driver - Increased Healthcare Spending Fuels Growth In The Unit Dose Manufacturing Market
The rise in healthcare spending is expected to propel the growth of the unit dose manufacturing market going forward. Health spending refers to all costs associated with providing health services, family planning activities, nutrition programs, and emergency help focusing on health. Increasing healthcare expenditure would help advance and develop various health-related services, including unit dose manufacturing, which will support the growth of the unit dose manufacturing market. For instance, in February 2023, according to the Centers for Medicare & Medicaid Services, a US-based federal agency, healthcare spending in the United States increased 2.7 % to $12,914 per person in 2021, or $4.3 trillion. Further, spending on healthcare accounted for 18.3 % of the country's GDP. Therefore, the rise in healthcare spending is driving the growth of the unit dose manufacturing market.
Competitive Landscape:
Major companies operating in the unit dose manufacturing market report are Nipro Corporation, Thermo Fisher Scientific Inc., Amcor plc, Berry Global, CCL Industries, Sealed Air Corporation, Huhtamäki Oyj, Catalent Inc., AptarGroup, Schott AG, West Pharmaceuticals Services Inc., Constantia Flexibles Group GmbH, Gerresheimer AG, RPC Group, Klöckner Pentaplast Group, Stevanato Group, Bemis Company, Corden Pharma GmbH, LTS Lohmann Therapie-Systeme AG, PCI Pharma Services, Comar LLC, Renaissance Lakewood LLC, Mikart LLC, Tapemark Company Inc., Bilcare Research, Medical Packaging Inc, American Health Packaging, Aphena Pharma Solutions
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Top Trend - Cutting-Edge Unit-Dose Syringe Product Innovations
Product innovations are a key trend gaining popularity in the unit-dose manufacturing market. Major companies operating in the unit dose manufacturing market are developing innovative products to sustain their position in the market. For instance, in March 2021, Ritedose Corporation, a US-based contract pharmaceutical manufacturer, launched Succinylcholine Chloride Injection 200 mg/10 mL (20 mg/mL), a new unit-dose syringe product. It is already diluted, labeled with warnings, color-coded to ASTM drug class standards, and prepared for administration in acute care settings. It can be stored at room temperature. Prefilled syringes' predetermined concentration eliminates the need for in-hospital compounding and lessens the possibility that patients will get dosages below or above therapeutic levels.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Unit Dose Manufacturing Market Characteristics
3. Unit Dose Manufacturing Market Trends And Strategies
4. Unit Dose Manufacturing Market - Macro Economic Scenario
5. Unit Dose Manufacturing Market Size And Growth
…..
27. Unit Dose Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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