PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515557
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515557
Pharmaceutical Cartridges Market size was valued at USD 1,564.2 Million in 2023, expanding at a CAGR of 8.80% from 2024 to 2032.
Pharmaceutical cartridges are specially constructed containers for storing and dispensing pharmaceutical medications. These cartridges are frequently used in conjunction with equipment like autoinjectors, insulin pens, and other drug delivery systems. They assist keep the drug stable and sterile until it is provided to the patient. The rising frequency of chronic conditions such as diabetes, arthritis, and multiple sclerosis needs frequent medicine delivery, which increases the demand for pharmaceutical cartridges.
Pharmaceutical Cartridges Market- Market Dynamics
Suitable for Multi-Dose Treatments
Pharmaceutical cartridges are a practical, convenient, and safe solution for multi-dose therapies, making them appealing to both patients and healthcare practitioners. This aspect has a substantial impact on market demand and growth. Cartridges that allow for multiple-dose treatments can lead to better resource utilization. Cartridges can be pre-filled with the appropriate amount of medication, lowering the possibility of dosage errors. These cartridges are designed to maintain proper dosing even after repeated uses, ensuring that patients receive the correct amount of medication each time it is administered. Thus, the applicability of multi-dose treatments is seen as a market driver.
Pharmaceutical Cartridges Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.80% over the forecast period (2024-2032)
Based on Material Type segmentation, The glass sector had the largest market share in 2023.
Based on Size segmentation, The 3ml category dominated the market in 2023.
Based on Application segmentation, pen injector was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Pharmaceutical Cartridges Market is segmented on the basis of Material Type, Size, Application, End-user, and Region.
The market is divided into two categories based on Material Type: Glass Cartridges and Plastic Cartridges. The glass sector held the greatest market share in 2023. The segment's rise is related to the increased resistance of glass material to the environment, temperature, and chemicals. The glass segment has the lowest degree of expansion and is more resistant to thermal stress. Because of its chemical resistance, the pharmaceutical business makes extensive use of glass. While alternatives such as plastic and metal cartridges have appeared in recent years, glass remains the most popular choice due to its superior ability to preserve pharmaceuticals.
The market is divided into six categories based on Size: 0.5 ml, 1.8 ml, 2 ml to 2.5 ml, 3 ml, 5 ml, and More than 10 ml. The 3ml category dominated the market in 2023. 3 mL cartridges are typically used for medications that require a larger dose of medication to be administered to the patient, such as hormone treatments, anticoagulants, and other biologics. One of the key benefits of 3 mL cartridges is that they can reduce the number of injections needed to administer a given dose of medication, which is especially useful for patients who require frequent injections. Pii's 3 mL cartridge kit enables a variety of therapies that require numerous injections with varied dosages, increasing patient compliance.
Pharmaceutical Cartridges Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America dominated the market with the greatest market size in 2023. The region's well-established pharmaceutical sector dominates the North American market. North America has a well-developed infrastructure, including efficient supply chains, advanced healthcare systems, and a robust regulatory environment. These qualities help the region meet pharmaceutical businesses' desire for safe and efficient cartridge solutions.
Asia Pacific is predicted to experience the quickest rate of growth during the forecast period. Factors such as rising healthcare spending, rising demand for biopharmaceuticals, and an aging population in a few nations all contribute to the growth of the pharmaceutical cartridges market in Asia Pacific. Furthermore, expanding pharmaceutical capabilities is expected to drive market growth. Furthermore, the region provides cost-effective production and a trained workforce, making it an appealing location for pharmaceutical companies seeking to streamline supply chains.
Stevanato Group, Nipro Corporation, Gerresheimer AG, and West Pharmaceutical Services, Inc. are major players in the pharmaceutical cartridge market. Leading market companies are investing extensively in R&D to broaden their product offerings. Companies are also adopting strategic steps to increase their global market share, such as product/service launches, geographic expansion, strategic alliances, partnerships, mergers, and acquisitions. To grow and compete in a more competitive market, the pharmaceutical cartridges business must offer cost-effective solutions.
In June 2023, Stevanato Group S.p.A. recently introduced Vertiva, the latest edition of its patented On-Body Delivery System (OBDS). This OBDS is designed to accommodate a wide range of subcutaneous therapies and can switch effortlessly between basal and bolus injections.
GLOBAL PHARMACEUTICAL CARTRIDGES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Stevanato Group
Nipro Corporation
Gerresheimer AG
West Pharmaceutical Services, Inc.
Schott AG
Transcoject GmbH
Shandong Medicinal Glass Co., Ltd.
Datwyler Holding Inc.
AptarGroup, Inc.
Sonata Rubber
Others