Pharmaceutical Cartridges Market – By Component (Plungers, Vials [Glass, Plastic], Seals), Type (Dual Chamber, Large-volume), Capacity, Usage Device (Pen Injectors, Autoinjectors, Wearable Injectors), Application, End-user – Global Forecast 2024 2032
Report ID: GMI9223
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Published Date: April 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 349
Countries covered: 19
Pages: 200
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Pharmaceutical Cartridges Market Size
Pharmaceutical Cartridges Market size was valued at USD 2 billion in 2023 and is expected to reach USD 3.8 billion by 2032 growing at a CAGR of 7.3% over the analysis period. The market is propelled by various factors including the increasing demand for pharmaceutical drug delivery devices, the rising prevalence of chronic conditions such as diabetes, arthritis, and many other applications, and the introduction of new products.
According to reports released by the World Health Organization (WHO) in 2023, approximately 422 million people worldwide are affected by diabetes, with a higher concentration in low- and middle-income countries. Therefore, with the global incidence of diabetes on the rise, there is a corresponding increase in the demand for pharmaceutical products for insulin and consequently, the demand for cartridges. Additionally, advancements in insulin delivery devices further contribute to the demand for compatible cartridges, as patients and healthcare providers seek more convenient and efficient methods of insulin administration. Therefore, the increasing need for insulin directly influences the demand for cartridges in the pharmaceutical market.
A pharmaceutical cartridge refers to a specialized drug delivery device consisting of a cartridge, typically made of glass or plastic, designed to contain a specific medication. These systems often include components such as plungers, seals, and vials. They play a vital role in accurately measuring and dispensing drugs, ensuring patient safety, and enhancing treatment efficacy.
Pharmaceutical Cartridges Market Trends
Pharmaceutical Cartridges Market Analysis
Based on the components, the global market is classified into plungers, vials, and seals. The vials segment has asserted its dominance in the global market by securing a significant share and experiencing growth of 7.2% between 2024 - 2032.
Based on the type, the pharmaceutical cartridges market is classified into dual chamber cartridges and large-volume cartridges. The dual chamber cartridges segment held the largest market share of 64.3% in 2023.
Based on the capacity, the pharmaceutical cartridges market is classified into 0.5 ml, 1.8 ml, 2 ml to 2.5 ml, 3 ml, 5 ml, and more than 10 ml. The 3 ml segment is expected to reach USD 1.2 billion by 2032.
Based on the usage device, the pharmaceutical cartridges market is classified into pen injectors, autoinjectors, wearable injectors, and other usage devices. The pen injectors segment leads the market accounting for the largest revenue of USD 905.7 million and is projecting its dominance throughout the forecast period.
Based on the application, the pharmaceutical cartridges market is classified into dental care, diabetes care, neurology, cardiology, oncology, and other applications. The diabetes care segment is poised to dominate the global market, with an anticipated growth of 7.4% during the analysis period.
Based on the end-user, the pharmaceutical cartridges market is categorized into hospitals, specialty clinics, ambulatory surgical centers, and other end-users. The hospitals segment accounted for 33.1% market share in 2023 and is expected to reach USD 1.3 billion by the end of 2032.
North America is projected to maintain its lead in the global pharmaceutical cartridges market, anticipated to reach USD 1.3 billion by 2032.
Pharmaceutical Cartridges Market Share
In the competitive pharmaceutical cartridge industry, numerous key players are engaged in fierce competition to secure market share. The companies are focusing on product innovation, strategic collaborations, and mergers to maintain their competitive edge. Also, emerging players are gaining traction by offering advanced solutions and expanding their geographic presence to sustain in the competitive market.
Pharmaceutical Cartridges Market Companies
Prominent players operating in the pharmaceutical cartridges industry are as mentioned below:
Pharmaceutical Cartridges Industry News:
The pharmaceutical cartridges market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Component
Market, By Type
Market, By Capacity
Market, By Usage Device
Market, By Application
Market, By End-user
The above information is provided for the following regions and countries: