Medical-Cartridges-Market-1

Thriving Pharmaceutical Industry Fueling Growth in Global Medical cartridges market Receive Sample Copy of this Report: https://Clickbait/3uqNblh 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. The booming pharmaceutical industry in several countries is positively impacting the demand for 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 cartridges, prefilled syringes, and vials, their growing production is pushing up the requirement for cartridges around the world. Apart from the aforementioned factors, the increasing incidence of chronic and acute diseases and the surging population of geriatric people are also propelling the expansion of the market across the world. Depending on material type, the medical cartridges market is classified into plastic and glass. Between these, the glass category held the larger share in the market between 2014 and 2020, and this trend is predicted to continue in the future years as well.