According to Future Market Insights’ newly released Unit Dose Manufacturing industry analysis report, global sales of Unit Dose Manufacturing in 2021 will be US$ 18.3 Billion. The estimated market growth of 22.4% between 2022 and 2032 is expected to be much higher than the previous trend. During the projected period 2022 to 2032, Outsourcing is expected to be the largest revenue generating Type, 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 benefits associated with unit dose manufacturing including complete drug identification and the preservation of dosage form’s integrity until the time of administration is projected to enable the market loom further in double digit growth during the period of projection. If the drug has not been used and the container is still intact, it can be retrieved without jeopardizing the drug’s formulations. In addition, the FDA regulates unit dose-packed oral solid pharmaceuticals. Another method that has gained popularity is unit dosage repackaging, as unit dosages must be placed in containers for continuous use in hospitals. Questions about their stability, formulation contamination, and product expiration have arisen as their popularity has grown.
Besides, unit dosages have raised patient and staff safety standards. They aid in the elimination of the possibility of erroneous dosing. To facilitate speedy and effective monitoring, they use electronic papers. It is easy to spot any broken containers when using liquid unit doses. Unit doses also save consumers’ money on medications they do not need.
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
About Future Market Insights (FMI)
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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