Press release
Multiple dose container Market: Massive Investment in Research & Development by the Drug Manufacturers to drive demand
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Multiple dose container Market: Market Dynamics
Growth in demand for multiple dose container is expected to be stable over the upcoming years, on the backdrop of pharmaceutical manufacturer’s inclination to adopt convenience packaging solutions to enhance the shelf life of drugs. Increasing prices of medicines is expected to enforce the hospitals and nursing home to use multiple dose container packaging solutions for minimizing the cost which in turn drives the multiple dose container market during the forecast period. The transportation cost through cold chain is increasing significantly, which in turn increases the preference towards the multiple dose container owing to its important properties such as single dose can be administered to the single patient and the multiple dose container can be used for the multiple patient. Multiple dose container requires economical storage cost that is expected to accelerate the overall demand of multiple dose container market during the forecast period. Multiple dose container can be used up to twenty eight days after administrating it to one patient which can positively influence the global multiple dose container market during the forecast period.
Multiple dose container: Market Segmentation
The global single dose container market is segmented on the basis of material type, product type and application
Based on the material type the global multiple dose container market is segmented into:
Glass
Plastic
PVC
Polyethylene
Polypropylene
PET
EVA
Based on the product type the global multiple dose container market is segmented into:
Bottles
Syringes
Ampoules
Others
Based on the application the global single dose container market is segmented into:
Antibiotics
Chemotherapy
Autonomic
Cardiovascular
Hormone
CNS
Others
Multiple dose container Market: Regional outlook
In terms of geography, the global multiple dose container market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America is expected to account maximum market proportion throughout the forecast period. Growing pharmaceutical sector in US is expected to be one of the prominent reason of the massive growth of multiple dose container in the North America. Europe is expected to be one of the lucrative region among the multiple dose container manufacturers. This is attributed by the massive investment in research & development by the drug manufacturers which in turn accelerates the sales of multiple dose container in the upcoming decade. Asia Pacific region is anticipated to register maximum CAGR during the forecast period. India and China are the beneficial country among the manufacturers of multiple dose container. China is anticipated to be the attractive country in the Asia Pacific region owing to the rising old age population. However, the Middle East & Africa region is expected to be sluggish throughout the forecast period.
Multiple dose container Market: Key players
Some of the key players in the global multiple dose container market are Schott AG, Gerresheimer AG, Becton Dickinson B.V., West Pharmaceutical Services, Inc., Nipro Corporation, Ypsomed Holding AG, SiO2 Medical Products, United Drug Plc., Catalent Inc. etc.
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