The global pharmaceutical cartridges market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing prevalence of chronic diseases such as diabetes and arthritis. These cartridges offer several advantages such as improved damage resistance, chemical durability, and precise drug delivery.
Cartridges are small types of containers that normally fill chemical drugs or medicines that is stored within them and used for treatment of several chronic illness. Pharmaceutical cartridges are safe and suited for long-term storage without changing the chemical formulation of the medications as they have tight dimensional tolerances. Furthermore, it ensures a more efficient line of operations by lowering the risk of damage while transporting and delivering drugs. Different sizes and capacities of pharmaceutical cartridges are available as per the nature of the medications and requirement of different treatment types. With the advancement of several innovative techniques, the key tasks such as cleaning, siliconization, sterilization, filling, stoppering, and sealing of cartridges are all completely converted into automated processes. Cartridges are generally offered for pen injection systems widely adopted in anti-diabetes therapy including contemporary and human insulin or GLP-1 formulations and other biotech applications.
In order to sustain a steady growth rate in the coming years, major players in the pharmaceutical cartridges market are employing various methods such as innovation, market collaboration, research, and development. Several pharmaceutical companies are constantly working with packaging service providers to improve their products. Moreover, many key players have spent a large sum of money to conduct research and development with an aim to discover innovative and cost effective solutions of their products portfolios. Merck and Pfizer teamed up with Corning, a glass manufacturer, in July 2017 to develop a solution for injectable pharmaceuticals in vials and cartridges. As a result, all of these factors are projected to have a favorable impact on the market over the forecast period.
The report on the global pharmaceutical cartridges market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Pharmaceutical Cartridges Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Material (Glasses [Type 1, Type 2, and Type 3] and Plastics [Polypropylene (PP), Cyclic Olefin Copolymer (COC), Cyclic Olefin Polymer (COP), and Polyethylene) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Gerresheimer AG; SCHOTT AG; West Pharmaceutical Services, Inc.; Merck KGaA; Stevanto Group; Transcoject GmbH; and Baxter International, Inc. |
Glass segment is projected to account for a key market share
Based on materials, the pharmaceutical cartridges market is bifurcated into glasses and plastics. The glasses segment is further divided into type 1, type 2, and type 3. The plastic segment is further classified as polypropylene (PP), cyclic olefin copolymer (COC), cyclic olefin polymer (COP), and polyethylene. The glass segment is expected to account for a key share of the market during the forecast period owing to its fine dimensional tolerances, thermal shock resistance, dependable integration with injection devices, and cosmetic tolerances. Within the segment, the type 1 segment is anticipated to expand at a rapid pace during the forecast period owing to wide range of applications and factors such as high damage resistance. However, the plastics segment is projected to constitute a large market share in the coming years owing to wide demand for polyethylene materials for various applications.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the pharmaceutical cartridges market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market CAGR during the forecast period owing to rising awareness of advanced medications for disease treatments as well as the rising prevalence of chronic conditions in the region. According to a data published by the International Diabetes Federation, 82 million people in Southeast Asia were diagnosed with diabetes in 2017, with India alone accounting for 72,946,400 of those cases. Meanwhile, North America is expected to constitute a large market share in the coming years due to the rising cases of chronic disorders such as arthritis and obesity in the region. According to the Centers for Disease Control and Prevention (CDC), over 30.3 million people (9.4%) of all ages in the US had diabetes in 2017, and around 87.5% of adults had obesity in 2015. Such events are expected to increase demand for medication, particularly insulin, for the treatment of diabetes, thus boosting the regional market growth. Furthermore, the presence of key global players especially in the US acts as another major driver for the regional market growth.
Segments Covered in the Report
The global pharmaceutical cartridges market has been segmented on the basis of
Materials
Regions
Key Players
Key players competing in the pharmaceutical cartridges market include Gerresheimer AG; SCHOTT AG; West Pharmaceutical Services, Inc.; Merck KGaA; Stevanto Group; Transcoject GmbH; and Baxter International, Inc. To increase their market position, the majority of these organisations have implemented methods such as new product development, the formation of new manufacturing sites, and collaborations. Gerresheimer AG, for example, opened three specialist glassworks in China and two plants in India in August 2018 to address international and local demand for high-quality primary packaging for liquid and solid pharmaceuticals.
Segments Covered in the Report
The global pharmaceutical cartridges market has been segmented on the basis of
Materials
Regions
Key Players
Key players competing in the pharmaceutical cartridges market include Gerresheimer AG; SCHOTT AG; West Pharmaceutical Services, Inc.; Merck KGaA; Stevanto Group; Transcoject GmbH; and Baxter International, Inc. To increase their market position, the majority of these organisations have implemented methods such as new product development, the formation of new manufacturing sites, and collaborations. Gerresheimer AG, for example, opened three specialist glassworks in China and two plants in India in August 2018 to address international and local demand for high-quality primary packaging for liquid and solid pharmaceuticals.
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