In 2022, the global Unit Dose Manufacturing market size was expected to be worth roughly US$ 22 billion. The survey also predicts that the market would increase by 22.4% between 2022 and 2032, reaching a value of US$ 164 billion. With a CAGR of 19.8% and 22.8%, respectively, from 2022 to 2032, Outsourcing is forecast to earn the most income, while Solid Unit Dose is expected to be the highest revenue-generating Filament.
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The benefits of unit dose production, such as complete drug identification and the preservation of the dosage form’s integrity until the moment of administration, are projected to fuel market expansion. Unit dose-packed oral solid medications are regulated by the FDA, and unit dosage repackaging has gained popularity since unit dosages must be stored in containers for continuous use in hospitals. However, as their popularity has grown, concerns concerning their stability, formulation contamination, and product expiration have arisen.
Unit dosages have also improved patient and staff safety by reducing the chance of incorrect administration. They use electronic papers to assist quick and effective monitoring, and broken containers are easily identified when utilising liquid unit doses. Unit doses can also help consumers save money on medications they don’t require. The forecast double-digit growth during the projection period is expected to expand market size even further.
Key Takeaways from the Market Study
- The global Unit Dose Manufacturing market is expected to reach approximately US$ 22 billion by 2022.
- Outsourcing is predicted to increase at a CAGR of 19.8%.
- Solid Unit Dose, the top filament, is predicted to increase at a CAGR of 22.8%.
- Unit Dose Manufacturing revenue is likely to expand at the fastest rate in Asia Pacific from 2022 to 2032, with a forecast growth rate of more than 25%.
Benefits associated with manufacturing unit doses over packaging, and flourishing pharmaceutical industry, are expected to shape the overall Unit Dose Manufacturing market, comments a Future Market Insights analyst.
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Competitive Landscape
A large number of regional and global players operate in the Unit Dose Manufacturing market. A variety of strategies are being employed by companies to remain competitive. According to the market research analysis, partnerships and expansion have been the prominent development in Unit Dose Manufacturing market in recent year.
- In August 2020, Nanjing Ruinian Best Pharmaceutical Co. Ltd. was acquired by Unither Pharmaceuticals August 2020. This acquisition was reported to be focused on aiding Unither Pharmaceuticals expand in China through offering experience regarding medication research and single-dose sterile drugs without preservatives.
Key Companies Profiled:
- Catalent Inc.
- Patheon (Thermo fisher)
- Unither
- Tapemark
- Mikart
- Renaissance Lakewood, LLC
- Medical packaging, Inc.
- CordenPharma
- American Health Packaging
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Market Segments Covered in Unit Dose Manufacturing Industry Analysis
By Type:
- In-House
- Outsourcing
By Filament:
- Solid Unit Dose
- Liquid Unit Dose
- Other Filaments
By Application:
- Independent Pharmacies
- Long Term Care Facility
- Hospitals
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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