The overall prescription bottles market is forecasted to expand at a value compound annual growth rate (CAGR) of ~6.0% from 2021-2031 and reach millions of units by 2031.
The growth of the market is attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for safe and convenient packaging of medicines. In addition, the growing adoption of advanced technologies in the healthcare industry is expected to fuel the growth of the market.
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The plastic segment is expected to dominate the market during the forecast period, owing to the advantages such as cost-effectiveness, durability, and easy availability. The glass segment is expected to grow at the highest CAGR during the forecast period, due to the increasing demand for glass bottles for high-value drugs.
The child-resistant segment is expected to dominate the market during the forecast period, owing to the stringent regulations and safety concerns for children. The senior-friendly segment is expected to grow at the highest CAGR during the forecast period, due to the increasing geriatric population and the need for easy-to-use packaging for the elderly.
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North America is expected to dominate the market during the forecast period, due to the presence of a large number of pharmaceutical and biotechnology companies, increasing healthcare expenditure, and the presence of a developed healthcare infrastructure in the region.
In conclusion, the growing demand for safe and convenient packaging of medicines, the increasing prevalence of chronic diseases, and the rising geriatric population are expected to drive the growth of the global prescription bottles market. Furthermore, the increasing adoption of advanced technologies in the healthcare industry is expected to provide significant opportunities for the market players in the future.
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Key Segments of Prescription Bottles Market Covered in the Report
Based on the Material:
- Glass
- Plastic
- Paper
Based on the Shape/design:
- Square
- Rectangular
- Oval
- Cylindrical
Based on the Capacity:
- Below 100 ml
- 100 ml to 250 ml
- Above 250 ml
Based on the Application:
- Tablets
- Capsules
- Powders/Granules
- Others (Semi-solid medications, etc.)
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