Pharmaceutical Cartridges Market to Showcase Decent Growth in the Coming Years

Transparency Market Research examines the global pharmaceutical cartridges market during the forecast period 2018-2026. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global pharmaceutical cartridges market.

The report begins with an overview of the global pharmaceutical cartridges market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers and restraints witnessed in the pharmaceutical cartridges market. Weighted average pricing analysis of pharmaceutical cartridges, based on capacity type, is also included in the report.

To compute the market size, in-depth secondary research is done. Data points such as regional splits and market split by material type and capacity type have been assimilated to arrive at the market estimates. The report comprises the forecast of the global revenue generated by sales of pharmaceutical cartridges across the industry.

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TMR triangulates the data via different analysis based on supply side, demand side, as well as dynamics of pharmaceutical cartridges market.

TMR not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well as the scope of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into three key sections on the basis of material type, capacity type and region. The report analyzes the global pharmaceutical cartridges packaging market in terms of value (US$ Mn) and volume (Units).

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Pharmaceutical Cartridges Market – Influential Factors Determining the Trajectory of the Market

Transparency Market Research (TMR) delivers key insights on the global pharmaceutical cartridges market in its published report, titled “Global Pharmaceutical Cartridges: Global Industry Opportunity Assessment, 2018 – 2026”. In terms of revenue, the global pharmaceutical cartridges market is estimated to expand at a CAGR of 3.2% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.

The global market for pharmaceutical cartridges is segmented by material type and capacity type. On the basis of material type, the global pharmaceutical cartridges market is segmented into glass and plastic.  The glass segment is further segmented into Type I, Type II, and Type III glass type. The plastic segment is segmented into cyclic olefin copolymer (COC), cyclic olefin polymer (COP), polyethylene (PE) and polypropylene (PP).

This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that could prove substantially useful for value chain business partners looking to enter the Pharmaceutical Glass Packaging market.

The North America pharmaceutical cartridges market includes country-level analysis for the U.S. and Canada. The U.S. pharmaceutical cartridges market is projected to witness a growth of 1.2x over the forecast period.

The Latin America pharmaceutical cartridges market includes country-level analysis for Brazil, Mexico, Argentina, and Rest of Latin America. The Brazil pharmaceutical cartridges market is expected to expand at a CAGR of 4.3% by the 2026 end. The Mexico pharmaceutical cartridges market is anticipated to represent highest incremental $ increase during the forecast period.

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The Middle East and Africa (MEA) pharmaceutical cartridges market includes country-level analysis for GCC, South Africa, North Africa and Rest of MEA pharmaceutical cartridges market. The growth of the MEA region is particularly expected to be driven due to increasing number of pharmaceutical companies in the region. The government in various the African nation are majorly focusing on pharmaceutical industry.

They have imposed various norms that restricts the import of pharmaceutical drugs from other region of world. This factor encourages global pharmaceutical drug manufacturers to expand their footprints and establish their plant in the region and also results in creating demand for the pharmaceutical packaging products. The pharmaceutical industry in the Africa region is expected to be more than US$ 35 billion in the year 2019, and is expected to create demand for the pharmaceutical packaging products in the region.

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Pharmaceutical Cartridges Market To Hold a High Potential for Growth by 2026

There is high demand for pharmaceuticals drug packaging products that are safer and protects pharmaceutical drugs from contamination. Earlier, prefilled syringes were the popular and preferred solution of the drug practitioners but the users often met with accidents due to the breaking of the needle sticks. Thus, there is requirement for packaging products that are safer and user friendly. Since, cartridges do not contain any needle, they eliminate every possibility of any injury. Furthermore, cartridges are highly suitable for the temperature sensitive drugs due to their preservative properties. Thus, they are a safe pharmaceutical packaging solution for the users.

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The glass is the most prominently used material for the manufacturing of the pharmaceutical cartridges. The segment holds the major share among the material type segment. This is due to the chemical resistivity of the glass, as glass is highly resistive to pharmaceutical drugs for longer period of time. Type 1 borosilicate glass holds higher market share from its counterparts.

The key trend in the pharmaceutical cartridges market is that the manufacturers are shifting their preference from glass to plastics pharmaceutical cartridges. This is due to the structural issues which occur with the usage of glass for a long period of time. The glass starts degrading from the edges and mixes with the drug solution. Further, glass pharmaceutical cartridges requires higher protection while shipping and usage, due to high chances of breakage f material. Thus, to overcome these issues the global manufacturers started using COC and COP material for manufacturing of pharmaceutical cartridges.

The global market for pharmaceutical cartridges is segmented into material type and capacity type. On the basis of material type, the global pharmaceutical cartridges market is segmented into glass and plastic.  The glass segment is further segmented into Type I, Type II, and Type III glass type. The plastic segmented is segmented into cyclic olefin copolymer (COC), cyclic olefin polymer (COP), polyethylene (PE) and polypropylene (PP).

The key restating factor for the growth of the pharmaceutical cartridges market is consumers focus towards alternative drugs such as Homeopathy and Ayurveda. Increasing incidence of chronic diseases is attributed to sedentary lifestyle and significant increase in geriatric population. However, over the last few years, there has been an increase in healthcare awareness. As such, complementary and alternative medicines is gaining wide prominence among users. From past few years, alternative treatment such as Homeopathy and Ayurveda captured greater share of overall healthcare treatment market. The major reason for increase in the preference for the Ayurveda drug is due to its zero side effects.

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