Oral Dosing Cups Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Oral Dosing Cups Market grew at a CAGR of 5.5% between 2017-2021 and is estimated to be US$ 601.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.4% and is expected to reach a valuation of US$ 1,118.0Mn by 2032 end.
The prevalence of accurate dosing for pediatric patients can be blamed for the market for oral dosing cups’ slow growth rate. The need for oral drug delivery is growing due to the availability of medications in liquid form. Additionally, companies active in the oral dosing cup market are developing a range of goods to meet demand.
TARGETING OVER-THE-COUNTER MEDICINES
The need for dose-delivery devices for over-the-counter (OTC) liquid medicinal items has sharply increased. Sales of oral dosage cups for elixirs, syrups, and suspensions are significant; these cups are designed to help the end user, such as a parent, patient, or caregiver, accurately dispense the medicine. So that they can increase sales, manufacturers are attempting to gain the loyalty of pharmacies and pharmacy chains.
The increase in over-the-counter drug sales is expected to fuel global demand for oral dosage containers. According to the Consumer Healthcare Products Association (CHPA), retail sales of over-the-counter medications are expected to reach nearly US$37 billion in 2021. This number suggests promising growth opportunities for the oral dosing cups market.
VARIETY KEEPS THE SALES PUSHING
Another important tactic used by players in the oral dosing cup industry is product diversity. The usability of oral dosage cups is one of the primary factors in product differentiation. Major manufacturers have started branching out from their typical product manufacturing processes to produce both disposable and reusable oral dosage cups.
The risk of contamination is reduced by the disposable oral dosage cups, which may be thrown away after use. These are typically promoted in industrialized countries because of the great awareness of hygiene. Nevertheless, reusable dosing cups are being promoted and advertised for sale in developing nations.
Market Segments Covered in Report
By Product Type:
By Region and Country:
Which product type is increasing in its demand in the anticipated period?
Due to the rising cancer rates in the elderly and pediatric populations, the disposable oral dosing cups market is predicted to expand at the fastest rate, 4.3%, during the projected period.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Major manufacturers of dosing cups want to increase their production capacity by stepping up their production facilities to meet the rising demand. Additionally, the producers of oral dosage cups aim to expand their global reach by merging and buying local market competitors.
The recent developments of the Global Oral Dosing Cups Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Capacity, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.4%.
Targeting over-the-counter medicines.
Major global Oral Dosing Cups Market players are Comar, Inc., Stiplastics S.A.S, Argo S.A., Gramß GmbH Kunststoffverarbeitung, Eastman Chemical Company, Yuyao Liantong Plastic & Mould Co. Ltd., Medline Industries Inc., Origin Pharma Packaging, Adelphi Healthcare Packaging
Asia Pacific Region is expected to account for the largest market revenue share in the Global Oral Dosing Cups market.
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