Dosage spoons are set to be extensively used by pharmaceutical companies, hospitals, and laboratories. These are considered to be the most convenient and practical product for the rising geriatric population across the world.
The global dosage spoon market is expected to reach a valuation of US$ 486.1 Mn by the end of 2033 from US$ 279.3 Mn in 2023. The market is anticipated to exhibit steady growth at a CAGR of 5.7% during the forecast period from 2023 to 2033. As per the new report by FMI, the top 5 companies providing dosage spoons are anticipated to hold nearly 15-20% of the global market share in 2022.
A dosage spoon is the means for measuring the dose of a drug by a patient or a healthcare professional. It is gaining immense popularity among end users due to its benefits such as availability in different sizes, accurate measurement, lightweight, reusable, disposable, and cost-effective nature.
Expanding healthcare services for the rising geriatric population is anticipated to fuel the demand for pharmaceutical packaging products, including dosage spoons. Considering the overall benefits of dosage spoons, they are gaining high popularity among end users, which will supplement their sales.
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Future Market Insights (FMI) anticipates that there are ample opportunities for manufacturers of dosage spoons in the next ten years due to the rising usage of this measurement device in various hospitals, labs, and pharmaceutical facilities. Growth of dosage spoons in terms of sales seems to be lucrative across various regions, says FMI.
Key Takeaways from the Dosage Spoon Market
- By material, the plastic segment is projected to register a CAGR of 5.5% during the forecast period.
- In terms of capacity, the up to 5 ml segment is estimated to hold around 46% of the market value share by the end of 2023.
- Based on end use, the commercial segment is projected to grow 1.7 times the current market value during 2023-2033.
- Demand for dosage spoons in India is projected to expand at a CAGR of 6.4% during 2023-2033.
- The dosage spoon market is likely to create an incremental growth opportunity of US$ 221.4 Mn during the evaluation period.
Growing Need for Precision: Boosting Sales of Dosage Spoons to Prevent Over-Dosing or Under-Dosing Errors
Pharmaceutical companies are set to provide dosage spoons or dosage cups along with medication bottles to reduce accidental medication errors. Rising awareness among patients and parents about the proper usage of a measurement tool to measure the medicine is anticipated to augment sales of dosage spoons among end users.
Parents while taking or providing medicines to their children sometimes make an error due to improper measurement. This error may cause harm to patients due to the intake of over or under-dose of the medicine.
Proper measurement tools such as dosage spoons can help to prevent medication errors, which would fuel the demand for these spoons among end users. Traditionally used utensil spoons for measuring medicines at home cause medication error, which increases the preference for dosage spoons among users.
Dosage spoons are convenient to use due to the measurement printed or embossed on the cups. These measurement tools would make it easy for the person to measure the medicine without the fear of error. Increasing adverse impact of over or under-dose of medication among patients will propel the demand for dosage spoons.
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Market Key Players
Key players operating in the global dosage spoon market are HEINLEIN PLASTIK-TECHNIK GMBH, Comar LLC, Medicaplastic, Origin Pharma Packaging, Sampling Systems Ltd., Rx Systems, Inc., Ntinos Poupas LTD, VWR International, LLC, and Farmmash. Also, some of the other noticeable players in the market include Fox Lile Sciences, Space Age Plastic Industries, Shako Plastick, PureBulk Inc., Slipce Cast Limited, and Suretx Instruments Limited.
Dosage Spoon Market Outlook by Category
By Material:
- Plastic
- Metal
- Glass
By Capacity:
- Up to 5 ml
- 6 ml to 10 ml
- 11 ml to 15 ml
- Above 15 ml
By End Use:
- Commercial
-
- Laboratories
- Hospitals & Medical Facilities
- Pharmaceutical Companies
- Research Institutes
- Institutional
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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