The global dosage cups market size is forecast to reach USD 2.3 billion in 2023, and further expand at a CAGR of 5.0% between 2023 and 2033.
Total dosage cup sales are predicted to total a valuation of USD 3.7 billion by 2033. Growing demand for reliable and accurate drug measuring instruments is a key factor driving dosage cup demand globally.
The sales of the dosage cups are anticipated to bolster with top 5 companies expected to hold around 25% of the market in 2023. Based on capacity, above 35ml dosage cups segment is projected to remain the leading among the other dosage cups used for measurement. By product type, the reusable dosage cups segment is estimated to create an incremental opportunity of USD 1.0 billion during the forecast period.
With the propelling demand from various end-use sectors, the global market for dosage cups is poised to create an absolute incremental growth opportunity of USD 1.5 billion during the assessment period.
Drug dosage has become a critical step in the management and treatment of diseases. Any error in drug dosage can have negative consequences on the human body, besides acting as an impediment to getting quick results. Numerous errors can be made when administering liquid medication.
To reduce this, various pharmaceutical measuring equipment or drug dosing devices are being used, and one such device is dosage cups.
Dosage cups are packaging solutions or measuring instruments used for dispensing liquid and dry medications. These cups help end users to accurately measure the volume of medicine they need to take at a specific time and therefore reduce the risk of a drug overdose.
Dosage cups are lightweight and cost-effective and are being increasingly used in hospitals, medical institutions, clinical labs, and households or homecare settings. Rising prevalence of chronic diseases and increasing pediatric and geriatric population worldwide are expected to boost the global dosage cups industry during the forecast period.
Similarly, growing production and consumption of over-the-counter liquid drug products such as syrups, elixirs, and suspensions coupled with growing demand for safe, accurate, and lightweight measurement devices will boost dosage cup sales over the next ten years.
Demand is particularly rising for disposable dosage cups due to their low cost and ability to reduce the spread of infections. This growing popularity of disposable dosage cups will create lucrative opportunities for dosage cup manufacturers during the assessment period.
Attribute | Key Insights |
---|---|
Dosage Cups Market Estimated Value (2023) | USD 2.3 Billion |
Projected Market Value (2033) | USD 3.7 Billion |
Value CAGR (2023 to 2033) | 5.0% |
Collective Value Share: Top 3 Countries (2022) | 40% to 45% |
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The global dosage cups market witnessed a CAGR of 3.8% during the historic period (2017 to 2021) and reached around USD 2.1 billion in 2022. However, for the forecast period of 2023 to 2033, a steady CAGR of 5.0% has been predicted by Future Market Insights for the global dosage cups industry.
Dosage cups refer to a particular type of measurement cup used to measure the amount of an oral drug or other medication patients, or healthcare professionals have to take. These cups have made medication dispersion easy and accurate, and are gaining wider popularity globally.
For accurate measurement, which reduces the possibility of error while consuming liquid-based medicines, the dosage cups may be printed, non-printed, or embossed. Dosage cups are frequently utilized in the pharmaceutical industry as a result of the trend toward convenient and easy-to-use packaging and goods. In overall, the trend toward dosage cups is being driven by the pharmaceutical industry's growing preference for portable, affordable, and convenient packaging.
Increasing incidence of chronic diseases and rising spending on medications are expected to play key roles in fostering dosage cup sales during the forecast period.
Growing geriatric population, rising preference for liquid medication, and increasing popularity of disposable cups will also play a crucial role in elevating dosage cup demand during the next ten years.
Rising Demand for Cough Syrups Driving the Dosage Cups Industry
The growing popularity of cough syrups among kids, grandparents, and others is due to their ease of use and the benefit of taking a fixed dose of medication using dosage cups, which lowers the chance of overdosing. The market for dosage cups is expanding due to the rising need for easy-to-use medicines such as syrups. Consequently, growing need for convenience when taking medications will propel dosage cups demand during the forecast period.
Dosage cups are easily disposed of, biodegrade, or can be recycled. They are not harmful to the environment. Demand is particularly growing for disposable dosage cups in the market. Growing prevalence of infectious viruses including the coronavirus, influenza, typhoid, etc. is fuelling the adoption of disposable dosage cups as they significantly reduce the spread of viruses.
Country | USA |
---|---|
Market Share (2023) | 15.1% |
Market Share (2033) | 12.7% |
Basis Points (BPS) Analysis | -240 |
Country | China |
---|---|
Market Share (2023) | 10.0% |
Market Share (2033) | 10.6% |
Basis Points (BPS) Analysis | 60 |
Country | India |
---|---|
Market Share (2023) | 5.4% |
Market Share (2033) | 5.9% |
Basis Points (BPS) Analysis | 50 |
Country | Germany |
---|---|
Market Share (2023) | 3.9% |
Market Share (2033) | 4.0% |
Basis Points (BPS) Analysis | 10 |
Country | United Kingdom |
---|---|
Market Share (2023) | 2.0% |
Market Share (2033) | 2.1% |
Basis Points (BPS) Analysis | 10 |
Rising Prevalence of Chronic Diseases to Boot Dosage Cups Sales in the United Kingdom
According to Future Market Insights’ latest analysis, the United Kingdom dosage cups industry is expected to generate lucrative revenues during the forecast period owing to increasing geriatric population, rising prevalence of chronic and infectious diseases, and growing awareness about the benefits of using dosage cups.
Similarly, increasing awareness about the adverse impact of overdose of medication among patients and rising government focus on developing healthcare and pharmaceutical industries will elevate dosage cup demand across the country during the projection period.
In 2020, General Pharmaceutical Council (GPhC) launched its strategic plan 2030, which describes the 10-year visionary plans towards fitness and the quick action to protect patients whenever needed. This is expected to create lucrative opportunities for dosage cup manufacturers in the country.
Increasing Consumption of Liquid Medication (Syrups) Fostering Market Expansion in the USA
The USA dosage cups market is poised to exhibit a steady growth rate during the projection period, generating substantial revenues by the end of 2033. FMI predicts the USA to hold around 15.1% share of the global dosage cups industry in 2023, making it the most dominant market.
Rising production and consumption of medicines such as cough syrups, presence of the world’s leading pharmaceutical companies, and increasing healthcare spending are a few of the factors expected to drive demand for dosage cups across the USA during the assessment period.
According to the Consumer Healthcare Products Association (CHPA), the demand for children’s chest pain, cough syrups, and other products increased by 65% from the last year (2021).
Factors such as increasing flu cases in the country and presence of high levels of health awareness have increased demand for cough syrups and other medical products and the trend is expected to continue during the forecast period. This is expected to boost dosage cup sales in the USA.
Subsequently, increasing government expenditure on pharmaceuticals and health sector in the country will aid create growth prospects for the market during the assessment period.
Reusable Dosage Cups Remain the Highly Sought-After Product Type
According to Future Market Insight, reusable dosage cups segment is expected to hold a prominent share of around 80% in the global dosage cups industry in 2023. Overall sales of reusable dosage cups are slated to rise at 4.1% CAGR during the assessment period. This is attributed to rising end user preference for reusable dosage cups due to their cost-effectiveness and recyclable features.
The reusable dosage cups are cost-effective and provide accurate measurements of a medical dose. They are gaining wider popularity across the world because of their reusability, ease-to-use nature, and pollution-free features.
Pharmaceutical Sector to Generate Maximum Growth Opportunities for Manufacturers
Based on end users, the pharmaceutical segment is anticipated to accelerate at a CAGR of 5.7% during the forecast period. Rising production and consumption of pharmaceuticals and increasing geriatric population associated with their dependency on medicines are key factors driving demand for dosage cups globally.
Similarly, growing prevalence of various diseases coupled with high spending on pharmaceuticals and increasing popularity of over-the-counter products will elevate demand for dosage cups across pharmaceutical sector during the forecast period.
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Key dosage cup manufacturers are aiming at increasing their sales and revenues by launching new products, expanding their production capabilities, and adopting merger & acquisition strategy. They are also upgrading their facilities by installing novel manufacturing machinery. Few of the recent key developments by the leading players are as follows:
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 2.3 billion |
Projected Market Size (2033) | USD 3.7 billion |
Anticipated Growth Rate (2023 to 2033) | 5.0% CAGR |
Base Year for Estimation | 2023 |
Historical Data | 2015 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
Segments Covered |
Capacity, Product Type, Printing, End Users, Region |
Regions Covered |
North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
Key Countries Covered |
USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
Key Companies Profiled |
Sonoco Products Company; Origin Pharma Packaging; Comar LLC; Adelphi Healthcare Packaging; SGH Healthcaring; Gerresheimer AG; Hammarplast Medical AB; Plastic Bubbles; Hiwalt (Pty) Ltd; H&T Presspart Manufacturing Ltd.; LLC Farmmash; Phormpak SA; Techplas Aust Pty Ltd.; Parekhplast India Limited; UD Pharma Rubber Products |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The dosage cups market is valued at USD 2.3 billion in 2023.
The dosage cups market is projected to attain a value of USD 3.7 billion by 2033.
The dosage cups market is anticipated to surge at a robust 5.0% CAGR through 2033.
The United States shines, commanding a substantial 15.1% revenue share in 2023.
The reusable dosage cups segment is poised to dominate the market, with 4.1% CAGR through 2033.
Estimated Size, 2025 | USD 112.3 billion |
---|---|
Projected Size, 2035 | USD 153.9 billion |
Value-based CAGR (2025 to 2035) | 3.2% |
Estimated Size, 2024 | USD 81.6 billion |
---|---|
Projected Size, 2034 | USD 118.2 billion |
Value-based CAGR (2024 to 2034) | 3.8% |
Estimated Market Size (2024E) | USD 30,051.9 million |
---|---|
Projected Market Value (2034F) | USD 49,032 million |
Value-based CAGR (2024 to 2034) | 5% |
Market Estimated Size (2023E) | USD 279.3 Million |
---|---|
Projected Market Valuation (2033F) | USD 486.1 Million |
Value-based CAGR (2023 to 2033) | 5.7% |
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