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Unit Dose Manufacturing Market Set for Significant Growth, Projected to Reach $71.83 Billion by 2028
The Business Research Company’s Unit Dose Manufacturing Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 4, 2024 /EINPresswire.com/ -- The unit dose manufacturing market has witnessed exponential growth, expanding from $27.36 billion in 2023 to $33.16 billion in 2024 at a remarkable CAGR of 21.2%. This growth in recent years can be attributed to traditional pharmaceutical manufacturing practices, regulatory advancements in drug packaging, the rise in demand for personalized medicine, the aging population, and an increase in chronic diseases.
Exponential Growth Projected Amidst Technological Advancements
The unit dose manufacturing market is expected to continue its rapid expansion, reaching an estimated $71.83 billion by 2028, with a CAGR of 21.3%. This growth outlook is driven by the adoption of Industry 4.0 technologies in pharmaceutical manufacturing, the emphasis on personalized and precision medicine, stringent regulatory standards for drug safety and efficacy, the expansion of pharmaceutical outsourcing, and the growing demand for patient-centric drug delivery.
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Major Trends Shaping the Future
In the forecast period, several key trends are expected to shape the unit dose manufacturing market:
• Advanced automation integration in unit dose manufacturing processes.
• Implementation of IoT in pharmaceutical packaging for enhanced monitoring and security.
• Customization of unit dose packaging tailored to specific drug requirements.
• Adoption of sustainable and eco-friendly packaging materials.
• Growth of 3D printing applications in personalized drug manufacturing.
Key Players and Strategic Partnerships
Major companies driving innovation in the unit dose manufacturing market include Nipro Corporation, Thermo Fisher Scientific Inc., Amcor PLC, Berry Global, CCL Industries, and Sealed Air Corporation. These companies are actively engaged in strategic partnerships to strengthen their market position and expand their product offerings. For example, iA partnered with Euclid Medical Products to integrate advanced packaging technologies into centralized fulfillment solutions, enhancing medication dispensing capabilities.
Unit Dose Manufacturing Market Segments
The unit dose manufacturing market is segmented based on:
• Product: Liquid Unit Dose, Solid Unit Dose, Other Products
• Sourcing: In-House, Outsourcing
• End-User: Independent Pharmacies, Long Term Care Facilities, Hospitals, Other End-Users
Regional Insights
North America dominated the unit dose manufacturing market in 2023, with significant contributions from Asia-Pacific, Western and Eastern Europe, South America, the Middle East, and Africa. The comprehensive report provides detailed regional dynamics, market trends, and growth opportunities.
Access the complete report for an in-depth analysis of the unit dose manufacturing market: https://www.thebusinessresearchcompany.com/report/unit-dose-manufacturing-global-market-report
Unit Dose Manufacturing Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Unit Dose Manufacturing Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on unit dose manufacturing market size, unit dose manufacturing market drivers and trends, unit dose manufacturing market major players, competitors' revenues, market positioning, and market growth across geographies. The unit dose manufacturing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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