According to Future Market Insights’ latest analysis, the global Graduated Measuring Cup market size is set to expand from US$ 2.3 billion in 2023 to US$ 3.7 billion by 2033. Overall dosage cup sales are likely to surge at 5.0% CAGR throughout the forecast period (2023 to 2033).
Rising adoption of accurate drug measuring instruments across hospitals, clinical labs, medical institutes, and households to reduce errors during drug dosage is a key factor expected to drive Graduated Measuring Cup market over the projection period.
Graduated Measuring Cup are simple cost-effective drug measurement devices used to measure out the right amount of medicine. Adoption of these devices significantly reduces errors during drug dosage. Rising demand for dose measurement tools and increasing popularity of over-the-counter drugs are expected to facilitate development of dosage cups market during the forecast period.
The sale of over-the-counter drugs is rising across the world, as a result, it will fuel the demand for dosage cups. Disposable cups are offered in both disposable and reusable types. Currently, reusable dosage cups segment dominates the global market. However, FMI predicts sales of disposable dosage cups to pick up pace due to their ability to lower the risk of contamination.
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Reusable dosage cups can be used several times while taking medications and are highly accurate in their measurements, which helps to increase demand for medicine measuring cups among different end-users. The disposable dosage cups on the other hand are single-use cups and can be thrown away after use, which is not harmful to the environment.
Dosage cups are created to ensure safe individual dosages and ease of use for elderly children who have difficulty swallowing tablets and capsules. Hence, surge in geriatric population will continue to boost dosage cup sales over the next ten years.
Similarly, increasing need for convenience during medicine intake and growing awareness among people of the benefits of taking a fixed dose of medication using dosage cups will drive the market swiftly during the assessment period.
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Key Takeaways from Dosage Cups Market
- Based on capacity, the above 35ml segment is estimated to hold around 43.8% value share of the global dosage cups market in 2023.
- By product type, the reusable dosage cups segment is anticipated to expand 2.7 times the current market value during the projection period.
- In terms of end users, the pharmaceutical segment is projected to expand at 5.7% CAGR during the forecast period.
- North America is expected to remain the most dominant market for dosage cups during the forecast period.
- The USA is forecast to hold around 12.7% share of the global dosage cups industry in 2033.
- China is set to hold a prominent share of 10.6% in the global dosage cups market by the end of 2033.
“Increasing popularity of dosage cups as reliable medicine measuring tools along with innovation in packaging designs is expected to boost the global dosage cups market. Besides this, introduction of new eco-friendly dosage cups will create lucrative opportunities for manufacturers,” says an FMI analyst.
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Rising Presence of Clinical Labs across the World to Fuel Market Expansion
The growing cases of infectious diseases and other health issues across the world will support the expansion of dosage cups in the clinical laboratory. People are more aware of regular blood check-ups and concerned about their health which is a key factor driving the global dosage cups market forward.
Dosage cups provide error-free measurement which is beneficial for taking blood and other samples. As a result, dosage cups are preferred by clinical laboratories, ultimately increasing demand in the market.
Expansion of diagnostics labs and rising geriatric population across the world will supplement sales of dosage cups as these cups are more functional for the geriatric population and clinical labs.
The dosage cups also have the benefit of having undergone comprehensive stability testing before being delivered to the end user as the final package. The patient is then handed the packaged product in its final form, unaltered by a pharmacist or anybody else. This guarantees that the product’s integrity—unaltered from production to patient is maintained.
Who is Winning?
Key players operating in the dosage cups market are Sonoco Products Company, Origin Pharma Packaging, Comar LLC, Adelphi Healthcare Packaging, SGH Healthcaring, Gerresheimer AG, Hammarplast Medical AB, Plastic Bubbles, Hiwalt (Pty) Ltd, H&T Presspart Manufacturing Ltd., LLC Farmmash and others.
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Dosage Cups Market Report
Future Market Insights, in its new report, offers an unbiased and thorough analysis of the global dosage cups market, analyzing historical demand from 2015 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections for dosage cups based on the capacity (Up to 15ml, 16ml to 35ml, above 35ml), product type (reusable, disposable), printing (printed, non-printed, embossed), and end users (hospitals, clinical labs, medical institutes, households, pharmaceuticals, others) and across seven regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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