The most recent study conducted by Report Ocean, titled “Global Unit Dose Manufacturing Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Unit Dose Manufacturing. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Unit Dose Manufacturing Market Size study, by Sourcing (In-house, Outsourcing) by Product (Liquid Unit Dose, Solid Unit Dose, Others) by End Use (Independent Pharmacies, Long Term Care Facility, Hospitals, Others) and Regional Forecasts 2022-2028Global Unit Dose Manufacturing Market is valued approximately USD 18.91 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.20 % over the forecast period 2022-2028. Unit Dose Manufacturing is an amount of medication which a patient should take in a single dose. Unit dose repacking is one more method that has gained momentum as unit doses need to be packed in containers for hospitals for their further use.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The unit dose manufacturing has advantages as this drugs and this is easily identified and the formulation of this drugs is protected until the moment of administration. The rise in healthcare sector is rising the market of unit dose manufacturing which is propelling the market growth for the forecasted period. Furthermore, increase in government initiatives is also driving the growth for the market. For instance: as per the IBEF, India plans to setup across USD 1.3 billion fund which is boosting the pharmaceutical manufacturer by the year 2023. Also, with the increasing research and development the adoption & demand for Unit Dose Manufacturing is likely to increase the market growth during the forecast period. However, long processing steps might impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Unit Dose Manufacturing Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the patient-centric drug development approach is adopted by most drug product manufacturers, existence of big pharma companies and nutraceutical segments. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2022-2028. Factors such as increase in prevalence of chronic diseases and growing geriatric population would create lucrative growth prospects for the Unit Dose Manufacturing market across Asia-Pacific region.
Major market player included in this report are:
Catalent Inc.
Patheon (Thermo fisher)
Unither
Tapemark
Mikart
Renaissance Lakewood, LLC
Medical packaging, Inc.
CordenPharma
American Health Packaging
Liquipak Corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sourcing:
In-house
Outsourcing
By Product:
Liquid Unit Dose
Solid Unit Dose
Others
By End Use:
Independent Pharmacies
Long Term Care Facility
Hospitals
Others
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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