Global Pharmaceutical Cartridges Market

Pharmaceutical Cartridges Market Insights

Cartridges are the containers that store the drug. Pharmaceutical cartridges are stable and have strong tensile properties, making them ideal for high-viscosity products and a variety of storage environments. Pharmaceutical cartridges come in a variety of sizes and capacities. Completely automatic washing, siliconization, sterilization, loading, stoppering, and sealing of prescription drugs use cartridges. Cartridges are suitable for pen infusion devices, used commonly for diabetic treatment including modern and therapeutic insulin or GLP-1 preparations, and several biomedical purposes.

The factors driving the market of pharmaceutical cartridges are the hike in global demand for pharmaceutical products and the increasing number of surgical procedures using cartridges. These factors are thereby increasing the number of syringe usage. Government campaigns including the vaccination drives with respect to treatment for a range of diseases are also helping in fuelling the market. Requirement for the effective and safer storage system of chemical drugs required for intravenous dosages are further boosting the demand for pharmaceutical cartridges. Various marketing strategies are being used by leading pharmaceutical companies to expand their product visibility globally thereby increasing the number of customers for their product.

The regulatory bodies of various countries are introducing robust processes for the uniform distribution of pharmaceutical cartridges amongst the core demographics. Increasing quality-oriented mindsets amongst various medical institutions regarding the requirement of best options for drug storage is acting as a catalyst to enhance the market share of pharmaceutical cartridges globally.

Also, the current COVID-19 pandemic is expected to boost the pharmaceutical cartridges market due to the increasing proportion of COVID testing and vaccination. Pharmaceutical cartridges are extensively utilized for the production of devices required to carry out testing and vaccination. For instance, in 2019, cartridges were featured in the Global Drug Facility's (GDF) portfolio of medications for the accelerated screening of COVID-19. These cartridges can diagnose COVID-19 in less than 45 minutes by incorporating the advanced GeneXpert® systems. Moreover, by utilizing real-time PCR assays, the GeneXpert Instrument Systems simplify and incorporate specimen processing nucleic acid abstraction and multiplication, and identification of primers in basic or dynamic specimens. The systems rely on single-use reusable cartridges to store the RT-PCR chemicals and host the RT-PCR operation. Cross-contamination of specimens is reduced since the cartridges will be self-contained. Furthermore, the surge in the volume of people getting vaccinated will further drive growth in the global pharmaceutical cartridge market.

The growing demand for secure prescription drug packaging is a primary contributor to the global pharmaceutical cartridges market. Moreover, rising chronic illness prevalence, developing senile demographics, increased healthcare knowledge, and an emphasis on minimizing contamination issues are driving the national and international pharmaceutical cartridges market. Conversely, shifting customer preferences for substitute drugs including Homeopathic medicine and Ayurvedic medicine may limit the global pharmaceutical cartridges market's growth throughout the forecasted period.

In order to ensure a steady growth rate in the forecast period, prominent players in the pharmaceutical cartridges market are pursuing various strategies including technological advancement, business partnership, and research & development. Additionally, Packaging companies are constantly working to reinvent their products and venture out research efforts in order to proceed with innovative ideas that can help pharmaceutical manufacturers save money while providing value to consumers.

Pharmaceutical Cartridges: By Material Type

Pharmaceutical cartridges can be divided into two types depending on their material: glass and plastic. The glass segment is further classified as type 1, type 2, and type 3. While the plastic segment is further classified as polypropylene (PP), cyclic olefin copolymer (COC), cyclic olefin polymer (COP), and polyethylene. The glass segment holds the largest market share owing to its superior production capacity which has high resistance to damage from chemicals and scratch. Product demand has improved due to outstanding efficiency and defect tolerance. Glass cartridges are likely to be in high demand due to their specific spatial thresholds, susceptibility to extreme temperatures, efficient incorporation into injection systems, and limited aesthetic tolerance levels. Moreover, for its humongous spectrum of pertinence and elevated damage tolerance, type 1 glass is foreseen to sustain the largest market share throughout the forecast period.

Pharmaceutical Cartridges Market: By Region

As per the geographical analysis, the market can be classified into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa and Central South America. North America is dominating this market due to the increasing number of surgical processes in the region. The region is witnessing high prevalence of life-threatening diseases which require regular medications or drug requirement in the form of intravenous injections. North America has some of the highest numbers of diabetic cases owing to which they have patients in large volumes who require insulin, especially the elder population. The drug and pharmaceutical industry is flourishing at a higher rate thereby increasing the market of pharmaceutical cartridges. Europe has been following the next owing to its huge pharmaceutical packaging industry with the increasing requirements from a large patient base suffering from chronic diseases. In contexts of CAGR, Asia Pacific holds its predominance due to its huge manufacturing capability. The region is home to quite a number of surgical instruments manufacturers providing good quality products at comparatively less rate than the other global competitors. In addition, the area has witnessed an increase in the proportion of individuals suffering from cancer and other diseases that necessitate the use of intravenous drugs on a daily basis. Thus, these aforementioned factors are boosting demand in the APAC’s pharmaceutical cartridges market.

Pharmaceutical Cartridges Market Share and Competitor Analysis

Gerresheimer AG, Schott AG, West Pharmaceutical Services Inc., Merck KGaA, Stevanto Group, Transcoject GmbH, Baxter International Inc., SGD Pharma, Sigma-Aldrich Corporation, Pierrel Group, among others, are the top players in the pharmaceutical cartridges market

Please note: This is not an exhaustive list of companies profiled in the report.