Press release
Unit Dose Manufacturing Market 2024 - Global Driving Factors, Top Manufacturers, Growth Opportunities And Forecast To 2033
Unit Dose Manufacturing Market
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.
Market Overview -
Unit dosage manufacturing refers to creating individual pre-packaged doses of drugs or other products that hold a drug quantity intended for single-dose administration, usually in an easy-to-use form like tablets, capsules, or vials, for patient dispensing.
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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
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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