Pharmaceutical Cartridges Market estimated to be driven by increasing demand for safer pharmaceutical drug packaging
MarketResearch.biz delivers in-depth insights on the global pharmaceutical cartridges market in its upcoming report titled, “Global Pharmaceutical Cartridges Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
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, increasing incidence of chronic disease, growing geriatric population, increase in healthcare awareness, focus towards eliminating contaminations are the factors boosting the growth of the global pharmaceutical cartridges market. However, changing consumer’s preference towards alternative drugs such as Homeopathy and Ayurveda may hinder the growth of global pharmaceutical cartridges market during the forecasted years to certain extent.
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The global pharmaceutical cartridges market report has been segmented on the basis of material type, capacity type, and region.
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 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
On the basis of region, the global pharmaceutical cartridges markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Geographically, the pharmaceutical cartridges market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in North America is expected to dominate the global pharmaceutical cartridges market, owing to increasing awareness regarding healthcare coupled with reimbursement policy by health authority. In contrast, the market in Asia Pacific is expected to be an emerging market for pharmaceutical cartridges and is expected to register highest CAGR in during the forecasted period, owing to increasing incidence of disease and rising health care expenditure in the region.
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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.