Thriving Pharmaceutical Industry Fueling Growth in Medical cartridges market

1. Thriving Pharmaceutical Industry Fueling Growth in Global Medical Cartridges Market © P&S Intelligence. All rights reserved Page 1

2. The global Medical Cartridges market had a valuation of $920.8 million in 2020, and it is predicted to progress at a CAGR of 6.4% between 2021 and 2030. Furthermore, the market will reach a value of $1,691.1 million by 2030, as per the forecast of P&S Intelligence, a market research company based in India. The factors fueling the surge in the market are the expanding pharmaceutical industry and the soaring requirement for injectable pharmaceutical products. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/Medical Cartridges -market-outlook/report-sample The booming pharmaceutical industry in several countries is positively impacting the demand for Medical Cartridges across the world. This industry produces biosimilar drugs and biologics for managing various chronic diseases such as diabetes, rheumatoid arthritis, and cancer. As some biopharmaceutical products are produced in the form of injectable therapeutic agents that are administered via Medical Cartridges , prefilled syringes, and vials, their growing production is pushing up the requirement for Medical Cartridges around the world. Make an Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry- url=Medical Cartridges -market-outlook This is credited to the better characteristics of glass that prevent its reaction with the products stored within the containers made from it for eliminating the occurrence of adverse reactions. When size is taken into consideration, the market is divided into more than 10 ml, 6 to 10 ml, 3 to 5 ml, and less than 3 ml categories. Out of these, the less than 3 ml category is predicted to lead the market in the forthcoming years. This is ascribed to the fact that the Medical Cartridges having capacities less-than-3 ml are primarily used in insulin pens. In addition to this, the growing incidence of diabetes and the surging affordability of insulin devices are propelling the sales of these Medical Cartridges globally. Globally, Europe contributed the highest revenue to the Medical Cartridges market in 2020. This was because of the presence of a large geriatric population and a well-established healthcare infrastructure and high incidence of diabetes in the region. Hence, it can be said with full confidence that the market will grow substantially in the coming years, mainly because of the increasing prevalence of chronic diseases such as diabetes and cancer and the surging population of geriatric people across the world. © P&S Intelligence. All rights reserved Page 2

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