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Posted by Barbara on January 2, 2025 at 10:42am 0 Comments 0 Likes
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The global Pharmaceutical Cartridges Market size is expected to reach USD 2.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is estimated to grow at a CAGR of 8.05% during the forecast period. Increasing awareness of pharmaceutical cartridges in the packaging industry and increasing demand for long-term storage of drugs for travel purpose are propelling the market’s demand over the forecast period.
The demand for drug delivery devices is anticipated to drive the need for pharmaceutical cartridges. Drug delivery devices, such as pens, injectors, and inhalers, are increasingly popular among patients and healthcare professionals due to their ease of use & ability to improve medication adherence. Many of these drug delivery devices require prefilled cartridges to administer medications safely and accurately. For instance, a patient using an autoinjector to deliver a life-saving medication like epinephrine would typically use a prefilled cartridge containing the medication.
Insulin therapy plays an important role in the treatment of diabetes. Thus, increasing prevalence of diabetes may increase the demand for insulin therapy. Previously, for insulin delivery, traditional packaging such as blister packs and bottles were preferred but owing to several advantages, pharmaceutical cartridges are preferred in recent times. It offers benefits such as accurate and safe dosage, break-resistance and low residual volumes of drugs. Furthermore, it also ensures on-time and safe delivery of medicines to the patients. Therefore, such notable advantages offered by pharmaceutical cartridges are expected to boost the market growth.
List of Key Players in the Pharmaceutical Cartridges Market
Related Press Release@ Pharmaceutical Cartridges Market Report
Pharmaceutical Cartridges Market Report Highlights
Report Attribute |
Details |
Market size value in 2023 |
USD 1.4 billion |
Revenue forecast in 2030 |
USD 2.4 billion |
Growth rate |
CAGR of 8.05% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2018 - 2021 |
Forecast period |
2023 - 2030 |
Pharmaceutical Cartridges Market Segmentation
Grand View Research has segmented the pharmaceutical cartridges market report on the basis of material type, application, chamber type, size, therapeutic area, end-use, and region:
Pharmaceutical Cartridges Material Type Outlook (Revenue USD Million; 2018 - 2030)
Pharmaceutical Cartridges Application Outlook (Revenue USD Million; 2018 - 2030)
Pharmaceutical Cartridges Chamber Type Outlook (Revenue USD Million; 2018 - 2030)
Pharmaceutical Cartridges Size Outlook (Revenue USD Million; 2018 - 2030)
Pharmaceutical Cartridges Therapeutic Area Outlook (Revenue USD Million; 2018 - 2030)
Pharmaceutical Cartridges End-use Outlook (Revenue USD Million; 2018 - 2030)
Pharmaceutical Cartridges Regional Outlook (Revenue, USD Million; 2018 - 2030)
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