Pharmaceutical Cartridges Market Analysis and Forthcoming Strategies For Business 2019 to 2028
Cartridges are the container that holds the substance present in it. Pharmaceutical cartridges are safe, with tight dimensional tolerances, that are suitable for high-viscosity drugs and various storage conditions. Pharmaceutical cartridges are available in different sizes and capacities. Cartridges use for packing pharmaceutical drugs are fully automated cleaning, siliconization, sterilization, filling, stoppering, and sealed. Cartridges are available for pen injection systems, for anti-diabetes therapy such as modern and human insulin or GLP-1 formulations, as well as for other biotech applications.
The global pharmaceutical cartridges market is expected to register significant growth in the forecoming years. Major factors driving growth of the global pharmaceutical cartridges markets are, rising demand for safe and contamination free drug packaging across the globe. In addition, growing aging population, rising incidence of chronic diseases are the factors boosting the demand for pharmaceutical cartridges.
The global pharmaceutical cartridges market report has been segmented on the basis of material type, capacity type, and region.
On the basis of material type, the global pharmaceutical cartridges market has been segmented into glass and plastic. The glass is expected to dominate the global pharmaceutical market, owing to property to withstand the high temperature. The glass segment is further sub-segmented into Type I, Type II, and Type III glass type.
On the basis of capacity type, the global pharmaceutical cartridges market has been segmented into below 5 ml, 50-250 ml, and above 250 ml
Segmentation by material type:
- Type I
- Type II
- Type III
- cyclic olefin copolymer (COC)
- cyclic olefin polymer (COP)
- polyethylene (PE)
- polypropylene (PP)
Segmentation by capacity type:
- Below 5 ml
- 50-250 ml
- Above 250 ml
On the basis of region, the global pharmaceutical cartridges markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In 2018, North America pharmaceutical cartridges market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to increasing incidence of chronic disease the country in the region. However, Asia Pacific pharmaceutical cartridges market is projected to register highest CAGR in the next five years, due to in the developing medical infrastructures in the region.
Key players operating in the global pharmaceutical cartridges market includes Schott AG, Gerresheimer AG, West Pharmaceutical Services, Inc., Stevanato Group, SGD Pharma, Baxter Healthcare Corporation, Sigma-Aldrich Corporation, Pierrel group, Transcoject GmbH, and Maquinaria Industrial Dara, Sl.