Pharmaceutical Cartridges Market Size, Share & Trends Analysis Report By Material Type (Glass, Plastic), By Region (North America, Latin America, Europe, MEA, APAC), And Segment Forecasts, 2018 - 2026

Report Overview

The global pharmaceutical cartridges market size was valued at USD 933.33 Million in 2017 and is expected to register a CAGR of 7.8% over the forecast period. Rising prevalence of chronic conditions, such as diabetes and arthritis, is expected to boost market growth over the next few years.

Various advantages offered by pharmaceutical cartridges over the traditional ones are also expected to drive the market growth over the estimated period. Some of these advantages include better damage resistance, chemical durability, and accurate drug delivery.

These cartridges also enable long-term storage without altering the chemical formulation of the drugs. Furthermore, it ensures a smoother line of operations as it reduces the risk of damages while transporting and delivering drugs. Investment by prominent companies in developing advanced pharmaceutical cartridges is anticipated to boost the application and usage of pharmaceutical cartridges.

In July 2017, drug giants Merck and Pfizer have teamed up with glass manufacturer Corning to create a solution for injectable drugs in vials and cartridges. Thus, all these instances are expected to positively impact this market over the forecast period.

Material Type Insights

Based on material type, the pharmaceutical cartridges market is segmented into glass and plastic cartridges. The glass segment led the market. Superior quality and damage resistance has increased product demand. Its precise dimensional tolerances, resistance against thermal shock, reliable integration into injection devices, and narrow cosmetic tolerances are also expected to fuel the demand for glass cartridges. The glass cartridges are further segmented into types 1, 2, and 3.

Among these, type 1 is expected to register the highest share over the forecast period owing to its wide range of applicability and high damage resistance. Plastic cartridges are segmented into Polypropylene (PP), Cyclic Olefin Copolymer (COC), Cyclic Olefin Polymer (COP), and Polyethylene (PE). Among these, polyethylene is expected to witness the fastest growth over the coming years. High resistance and easy availability are the major factors driving this segment.

Regional Insights

North America is expected to witness the highest market share over the forecast period. Increasing prevalence of chronic diseases, such as arthritis, and obesity, in North America, are contributing towards the market growth. For instance, in 2017, as per the Centers for Disease Control & Prevention (CDC) around 30.3 Million people (9.4%) of all ages in the U.S. population suffered from diabetes and around 87.5% of adults suffered from obesity in 2015.

Such instances are anticipated to augment the demand for medication, especially, insulin for the treatment of diabetes, thereby fueling the market growth. Pharmaceutical cartridges are widely used for insulin delivery owing to their advantages, such as long-term storage and accurate dosage. Furthermore, the increased focus of companies in the U.S. are manufacturing glass cartridges due to their increasing adoption in pharmaceutical packaging will have a positive impact on the region’s growth.

Asia Pacific is expected to exhibit the fastest growth due to the high penetration of major companies in this region along with the increasing prevalence of chronic diseases. For instance, as per the International Diabetes Federation in 2017, 82.0 Million people were diagnosed with diabetes in the Southeast Asia region; among which around 72,946,400 cases of diabetes were from India.

Pharmaceutical Cartridges Market Share Insights

Some of the major companies in the market are Gerresheimer AG; SCHOTT AG; West Pharmaceutical Services, Inc.; Merck KGaA; Stevanto Group; Transcoject GmbH; and Baxter International, Inc. Most of these companies have adopted strategies, such as new product development, the establishment of new manufacturing centers, and partnerships, for strengthening their market position.

For instance, in August 2018, Gerresheimer AG, established three specialist glassworks in China and two in India to meet the international and local demands for premium-quality primary packaging for liquid and solid drugs. This will help the firm in increasing its customer base in these countries.

Pharmaceutical Cartridges Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global pharmaceutical cartridges market report on the basis of material type and region:

• Material Type Outlook (Revenue, USD Million, 2014 - 2026)

  • Glass

    • Type 1

    • Type 2

    • Type 3

  • Plastic

    • Polypropylene (PP)

    • Cyclic Olefin Copolymer (COC)

    • Cyclic Olefin Polymer (COP)

    • Polyethylene

• Regional Outlook (Revenue, USD Million, 2014 - 2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia