Global Unit Dose Manufacturing Market sales was held at around US$ 22 Billion in 2022. The report also forecasts a significant market growth of 22.4% between 2022 and 2032 to reach a valuation US$ 164 Billion. During the projected period from 2022 to 2032, Outsourcing is expected to generate the largest revenue, while Solid Unit Dose is expected to be the highest revenue-generating Filament, with a CAGR of 19.8% and 22.8%, respectively.
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The market growth is expected to be driven by the benefits of unit dose manufacturing, such as complete drug identification and preservation of the dosage form’s integrity until the time of administration. The FDA regulates unit dose-packed oral solid pharmaceuticals, and unit dosage repackaging has gained popularity, as unit dosages must be placed in containers for continuous use in hospitals. However, questions about their stability, formulation contamination, and product expiration have arisen as their popularity has grown.
Unit doses have also raised patient and staff safety standards by eliminating the possibility of erroneous dosing. They use electronic papers to facilitate speedy and effective monitoring, and it is easy to spot any broken containers when using liquid unit doses. Unit doses can also save consumers money on medications they do not need. The projected double-digit growth during the period of projection is expected to further increase the market size.
Key Takeaways from the Market Study
- Global Unit Dose Manufacturing market is estimated to reach a market size of around US$ 22 Billion by 2022
- Top Type being Outsourcing expected to grow at a CAGR of 19.8%.
- Top Filament being Solid Unit Dose expected to grow at a CAGR of 22.8%.
- With over 25% projected growth rate, Unit Dose Manufacturing revenue is expected to grow at fastest pace in Asia Pacific, during 2022 to 2032.
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. Catalent Inc, Patheon, Unither, Mikart, Tapemark, Renaissance, Medical packaging Inc, Corden pharma, and American health packaging are the prominent providers of Unit Dose Manufacturing services.
- 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.
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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
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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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