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Unit Dose Manufacturing Market Insights, Overview, Share And Forecast To 2033
Unit Dose Manufacturing Market Insights
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Unit Dose Manufacturing Market 2024 Key Insights:
• 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%.
• Increased Healthcare Spending Fuels Growth In The Unit Dose Manufacturing Market
• Cutting-Edge Unit-Dose Syringe Product Innovations
• North America was the largest region in the unit dose manufacturing market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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