Global Unit Drug Dose Delivery System Market Estimated to Grow at a CAGR of Over 5% from 2019 to 2026

  • 20 Jun 2019

Global Unit Drug Dose Delivery System Market is poised to register a CAGR of over 5% during the forecast period of 2019 to 2026.

Patients have to receive accurate dosing of drugs which will improve the recovery rate of the patient hence unit drug delivery system is implemented by hospitals and clinics. This system is also efficient in maintaining drug storage and its disposal. These are some of the primary factors that drive the global unit drug delivery systems market. Other than these factors, a rise in the demand for pre-filled syringes among patients has also been the driving force for the growth of the market worldwide. Additionally, healthcare and pharmaceutical industries are booming currently which will certainly aid in drug delivery market growth during the forecast period. Key market players are taking big strides in this market by expanding their production capabilities along with a good geographical reach so that they can cement their brand position.

Insights on Global Unit Drug Delivery Systems market:
1.    By Region

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Rest of the World
North America dominates the global market due to high drug awareness amongst the general population resulting in deeper market penetration. Due to supportive regulatory conditions for healthcare, Europe is the second most dominating region in this market and this trend will continue throughout the entire forecast period. Asia Pacific is a fast-growing region and is expected to witness a higher market growth rate during the forecast period. One of the major reasons for this rise is due to a high prevalence of chronic diseases and a large number of the patient population. Latin America and Rest of the World account for a small global market share but are expected to witness a rise in the growth rate during the forecast period due to rising drug dosage awareness amongst general population leading to a rise in adoption of newer and innovative techniques. 

2.    By Material Type
•    Plastic
o    Polyethylene (PE)
•    High Density Polyethylene (HDPE)
•    Low Density Polyethylene (LDPE)
o    Poly Vinyl Chloride (PVC)
o    Polystyrene
o    Polycarbonate
o    Polypropylene
o    Polyethylene Terephthalate (PET)
•    Glass
o    Type 1
o    Type 2
o    Type 3
•    Others
Plastic is poised to have a market share of around 60% by 2026 end which shows that it is expected that plastic will dominate the global market during the forecast period. Glass segment is also expected to see a steady rise during the forecast period.

3.    By Product Type
•    Solid
•    Liquid
•    Powder
The solid market segment accounted for a share of around 40% in 2017 and it is expected to witness a consistent growth of the market during the forecast period.  Powder segment is also expected to experience a market growth during the forecast period considering it had a market share of around 35% in 2017.

4.    By End User
•    Hospitals
•    Clinics
•    Outpatient Centres
Hospital segment dominates the global market due to the advanced facilities provided by them and also the inception of multi-speciality hospitals has given them more traction in the market and will continue to do so during the forecast period. Clinics, on the other hand, are expected to maintain a significant market share during the forecast period as average population from emerging economies prefer clinics more than hospitals due to affordable costs. 

Competitive Landscape:
•    Amcor Ltd.
•    Wipak Group
•    R-Pharm
•    Catalent Inc.
•    Piramal Glass Ltd.

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global unit drug dose delivery system market by region, by material type, by product type, by end user
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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