Pharmaceutical Industry to Account for Maximum Dosage Cups Sales through 2031
Dosage cups are extensively used for measuring the dose of a drug or medication administered to a patient. Driven by benefits such as accurate measurement, availability in different sizes, sustainability, lightweight, and cost-effectiveness, the sales of dosage cups will rise at an impressive pace through 2031, as per Future Market Insights (FMI).
Dosage Cups Market
A recent market report published by FMI on the dosage cups market provides global industry...
Increasing application of dosage cups within hospitals, pharmaceuticals, clinical labs, medical institutions, and households are spurring sales in the market. Innovation in dosage cups such as launch of child-resistant caps is helping the market gain traction.
Sustainability concerns among end users and consumers are improving the demand for reusable dosage cups. However the sales of disposable cups is poised to surge following the outbreak of COVID-19. These cups are preferred more to prevent the risk of spreading infection.
Based on the aforementioned factors, demand for dosage cups is expected to rise at over 5% CAGR, surpassing US$ 3.31 Bn during the forecast period.
Key Takeaways from Dosage Cups Market
- By capacity, up to 15ml segment is estimated to be the leading segment among the other segment. It is anticipated to expand at a CAGR of 6.8% during 2021-2031.
- By product type, the disposable segment is forecast to increase at a higher pace during the assessment period. Demand in this segment is estimated to increase 2.1x times the current market value during next ten years.
- By printing, printed segment is anticipated to hold around half of the market share, creating an incremental opportunity of US$ ~817.7 Mn.
By end users, the pharmaceutical segment followed by the hospital segment is anticipated to lead the market.
- India is expected to spearhead the growth of South Asia Market
- China and the U.S. are anticipated to emerge as highly lucrative markets for dosage cups
“Backed by the expansion of healthcare and pharmaceutical industries, demand for dosage cups is expected to multiply over the coming years. Following the outbreak of COVID-19, healthcare professionals are encouraging the use of disposable cups to avoid the risk of disease transmission. Some of the key market players are therefore using recycled plastic to manufacture disposable dosage cups, while strengthening their footprint globally.” says a lead FMI analyst.
Demand for Proper Tools to Prevent Risk of Error in Administering Medicines will Push Sales of Dosage Cups
Error in dosage of medicine, while administering it to patients can cause serious health concerns. Proper measurement tool such as dosage cups can help to prevent medication error which is fuelling their demand worldwide.
The dosage cups are convenient to use due to the measurement printed or embossed on their outer surface. This measurement tool makes it easy for the person to measure the medicine without the fear of error. Fear of adverse impact of over or under dose of medication among the patients will propel the demand for dosage cups.
Dosage Cups Market Landscape
Sonoco Products Company, Gerresheimer AG, Medline Industries, Inc., Comar LLC, SGH Healthcaring, H&T Presspart Manufacturing Ltd., Hammarplast Medical AB, and Origin Pharma Packaging are the top players operating in the target market. Furthermore, Parekhplast India Limited, AG Poly Packs Private Limited, and others are identified as key players in the market.
The Tier 3 players in the market hold around 75-85% in the global market for dosage cups, as per FMI.
More Insights on Dosage Cups Market
Future Market Insights, in its new report, offers an unbiased analysis of the global market for dosage cups, analysing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the dosage cups based on capacity (up to 15ml, 16ml to 35ml, and above 35ml), product type (reusable and disposable), printing (printed, non-printed, and embossed), and end users (hospitals, clinical labs, medical institutions, households, pharmaceuticals, and others) across seven regions.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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