Packaging plays an important role in not only product safety but also in marketing and overall sales. In today’s fiercely competitive landscape, leading players are investing heavily in next-generation packaging technologies to ensure customer satisfaction with the product. The regulations laid down by the U.S. FDA have also played an important role in influencing packaging companies to focus on offering innovative solutions that have a multitude of benefits, including increased shelf life, resistance to wear and tear during transportation, and solid structural integrity. To ensure patients are administered the right amount of medication, unit-dose drug delivery systems are a credible alternative to standardized packaging. The unit-dose drug delivery systems market is anticipated to witness steady growth during the forecast period 2016-2024, owing to increasing emphasis on health and well-being.
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Unit Dose Drug Delivery Systems Market- Market Segmentation:
Unit dose drug delivery systems market is segmented on the basis of packaging type, product and delivery type, and material.
On the basis of packaging type, unit dose drug delivery systems market can be segmented into,
- Blister packs
- Pre-fillable syringes
- Others (vials, pre fillable inhalers, cartridges)
On the basis of material type, unit dose drug delivery systems market can be segmented into,
- Oral drugs
- Others (IV, ocular)
On the basis of material type, the key segments include,
- Plastic and polymers
- Glass and aluminum foil
Plastic and polymers and glass are expected to maintain the highest market share in unit dose drug delivery systems market due to its wide adoption in blister packs, pre fillable injections, vials and inhalers.
Unit Dose Drug Delivery Systems Market – Market Dynamics:
With the significant growth in the healthcare and pharmaceutical industry, unit dose drug delivery systems are expected to witness exponential growth. Established players have expanded their production capabilities as well as their geographical reach to consolidate their position. The sobering of government regulations, and provision of subsidies has had a positive impact on the growth of the pharmaceutical market. However, fluctuations in the prices of raw materials and the ever-evolving health regulations can hinder the growth of the market during the forecast period.
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Unit Dose Drug Delivery Systems Market – Regional Outlook:
Geographically, the global unit dose drug delivery systems market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global unit dose drug delivery systems market is expected to witness a stable CAGR over the forecast period of 2016-2024. Moreover, North America is expected to remain the largest unit dose drug delivery systems packaging market owing to high awareness among healthcare professionals and availability of funds. Also, increasing emphasis on improving healthcare facilities in developing regions of India & China is anticipated to boost the market for unit dose drug delivery systems in Asia Pacific.
Unit Dose Drug Delivery Systems Market – Major Players:
The key players identified across the globe in the unit dose drug delivery systems market are Amcor Flexibles India Private Limited, Wipak Group, Rexam Inc., Schott Glass India Pvt. Ltd., IntraPac International Corporation, Clondalkin Group and others.