The pharmaceutical cartridges global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pharmaceutical Cartridges Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The pharmaceutical cartridges market size has grown strongly in recent years. It will grow from $2.05 billion in 2023 to $2.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to government initiatives for immunization programs, demand for safe and convenient drug delivery systems, expansion of the biopharmaceutical industry, growth in pharmaceutical contract manufacturing, and the emergence of biologics and biosimilars.
The pharmaceutical cartridges market size is expected to see strong growth in the next few years. It will grow to $3.29 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to an increase in injectable drug therapies, a growth in the self-administration of drugs, an increasing demand for customized drug delivery solutions, a rising prevalence of chronic diseases, and an increasing focus on patient compliance. Major trends in the forecast period include novel product launches, investments in new medication delivery technologies, strategic partnerships and acquisitions, technological advancements, and the development of wearable cartridges.
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Scope Of Pharmaceutical Cartridges Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pharmaceutical Cartridges Market Overview
Market Drivers –
The increasing incidence of diabetes is expected to propel the growth of the pharmaceutical cartridges market going forward. Diabetes refers to a chronic medical condition in which the body cannot properly regulate blood sugar (glucose) levels due to insufficient insulin production or ineffective insulin use. The rising incidence of diabetes is driven by factors such as rising obesity rates, sedentary lifestyles, unhealthy diets, aging populations, and genetic predispositions. Pharmaceutical cartridges are used in diabetes management to deliver precise doses of insulin for efficient and controlled blood sugar regulation. For instance, in June 2024, according to the National Health Service (NHS), a UK-based government department, among individuals under 40, there has been nearly a 25% surge in cases of non-diabetic hyperglycemia, or pre-diabetes, during the same period, rising from 173,166 in 2022 to 216,440 in 2023. Therefore, the increasing incidence of diabetes is driving the growth of the pharmaceutical cartridges market.
Market Trends —
Major companies in the pharmaceutical cartridges market are focusing on developing innovative products, such as advanced self-administration systems, to facilitate patient administration of large volumes of biologics at home, improving convenience while reducing healthcare costs. Self-administration systems enable patients to administer medications, especially injectables, without professional assistance using advanced technologies such as prefilled and preloaded cartridges. For instance, in July 2024, SCHOTT Pharma AG & Co. KGaA, a Germany-based healthcare company, introduced cartriQ RTU cartridges, 10-ml ready-to-use cartridges designed for storing and administering highly sensitive biologics used to treat various conditions, including cancer and cardiovascular diseases. This prefilled and pre-loaded system simplifies self-administration for patients, enhancing convenience and reducing healthcare costs. This large-format solution is specifically tailored to protect biologics, which are revolutionizing the treatment of multiple serious diseases.
The pharmaceutical cartridges market covered in this report is segmented —
1) By Type: Dual Chamber Cartridges, Large-Volume Cartridges
2) By Material Type: Glass Cartridges, Plastic Cartridges, Rubber
3) By Application: Dental Anesthesia, Pen Injectors, Autoinjectors, Wearable Injectors
4) By End Use: Pharmaceuticals, Biotechnology, Research Organizations, Other End Uses
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Regional Insights —
North America was the largest region in the pharmaceutical cartridges market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical cartridges market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies —
Major companies operating in the pharmaceutical cartridges market are Merck KGaA, Becton Dickinson and Company (BD), Baxter Healthcare Corporation, Clariant AG, Terumo Corporation, Catalent Inc., Sigma-Aldrich Corporation, Nipro Corporation, Schott AG, West Pharmaceutical Services Inc., Gerresheimer AG, Vetter Pharma International GmbH, Dätwyler Holding Inc., Camfil AB, Stevanato Group S.p.A., groninger and Co. GmbH, Shandong Medicinal Glass Co. Ltd., Ypsomed AG, SGD Pharma, Consort Medical plc
Table of Contents
1. Executive Summary
2. Pharmaceutical Cartridges Market Report Structure
3. Pharmaceutical Cartridges Market Trends And Strategies
4. Pharmaceutical Cartridges Market — Macro Economic Scenario
5. Pharmaceutical Cartridges Market Size And Growth
…..
27. Pharmaceutical Cartridges Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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