The pharmaceutical unit dose packaging market is expected to experience a change in its operations, as manufacturers are focusing towards increasing productivity through integration of automation systems, as per a study by Future Market Insights (FMI). According to the report, the market will surpass US$ 26.10 Bn by 2021, registering a double-digit year-on-year (Y-o-Y) growth between 2020 and 2021.
Unit dose packaging is a type of primary packaging, which constitutes the first level of containers used for packaging of pharmaceutical products. These include blisters, vials, ampoules, and prefilled syringes cartridges.
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The increasing use of medications as a part of treatment prescribed for various ailments and for large vaccination programs undertaken by leading international organizations such as UNISEF, the World Health Organization (WHO), and others have been significantly fuelling the demand for pharmaceutical unit dose packaging solutions. Sales have been skyrocketing amid vaccination drives and treatment offered to contain COVID-19.
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Multi-dose packaging must ensure fewer “touchpoints” for the processing of a patient’s prescriptions during the COVID-19 outbreak, while avoiding the uncertainty that occurs with self-medicating. In addition to the regular illnesses’ precautions and treatments, the need for pharmaceutical unit dose packaging is forecast to rise with the global roll-out of COVID-19 treatment programs. Over the COVID-19 era, the demand for pharmaceuticals and medical items has increased, leading in an increase in blister packaging demand.
New hospitals and COVID-19 centers are springing up all around the world as the number of COVID-19 patients rises, increasing the demand for medical treatment. Unit dosage packaging helps existing and post-COVID healthcare delivery operations by minimizing the risk of handling and pouring liquid doses from the same bottle. Furthermore, a surge in demand for unit dose packing in vials has occurred from the increased demand for the COVID-19 vaccine, as well as the government’s large number of immunizations programs.
Sound Pharmaceutical Base Supports Growth in U.S.
According to the report, the United States is likely to exhibit consistent demand for pharmaceutical unit dose packaging products over the next five years. One of the key aspects supporting market growth is that, the U.S. is the place for most of the top pharmaceutical drugs & medications research and development and manufacturing facilities who specifically deal with new product developments for various diseases.
Johnson & Johnson, Pfizer Inc., AbbVie Inc., Eli Lilly and Company, and many others have their R&D and manufacturing facilities in the U.S. which plays an important role in fuelling sales of pharmaceutical unit dose packaging solutions.
On the other hand, the top suppliers of pharmaceutical unit dose packaging products such as West Pharmaceutical Services, Inc., Berry Global, Inc., Aptar Group, Inc., Becton, Dickinson & Company, and Catalent, Inc. are tirelessly supplying their services to the customers in the U.S.
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Key Takeaways from Pharmaceutical Unit Dose Packaging Market
Pharmaceutical unit dose packaging Market by Category
Table of Content
1. Executive Summary
1.1. Global Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Market Taxonomy
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Pharmaceutical Unit Dose Packaging Market Demand Analysis 2015-2020 and Forecast, 2021-2031
5.1. Historical Market Volume (Tons) and Value (US$ Mn) Analysis, 2015-2020
5.2. Current and Future Market Volume (Tons) and Value (US$ Mn) Projections, 2021-2031
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
Future Market Insights (ESOMAR certified 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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