The global dosage spoon market is set to reach a valuation of USD 279.3 million in 2023, and further, expand at a CAGR of 5.7% during the forecast period from 2023 to 2033. The market is anticipated to reach USD 486.1 Million by the end of 2033. Sales of dosage spoons are estimated to bolster with the top 5 providers holding 15-20% of the global market in 2022.
A dosage spoon is a measurement device used to measure the dose of the medication. Dosage spoons are used by hospitals & medical facilities, labs, pharmaceutical companies, and others. Traditionally, utensil spoons were used to measure the dose of the drug or medication. But later, to avoid the errors caused due to improper measurement, the demand for accurate measurement devices such as dosage spoons surged among end users.
The majority of the demand for dosage spoons comes from hospitals and medical facilities. A dosage spoon is a cost-effective and convenient means to measure the dose of medications. It is anticipated to witness a high demand during the forecast period with a growing number of healthcare services to cure patients suffering from chronic illnesses.
According to a new FMI report, the global market is expected to surge by USD 264.7 million in 2022. The top 3 countries in the global market are set to hold a share of nearly 30-35% in 2023. The market is also likely to create an incremental growth opportunity of USD 221.4 million during the estimated time frame.
Based on capacity, the up to 5 ml segment is expected to remain at the forefront and is estimated to account for around 46% of the market share by the end of 2023. Growth in the pharmaceutical industry is one of the vital factors spurring the need for dosage spoons all over the globe. Thus, the global market is estimated to showcase a growth of 1.8x from 2023 to 2033.
| Attributes | Key Insights |
|---|---|
| Global Dosage Spoon Market Estimated Size (2023E) | USD 279.3 Million |
| Projected Market Valuation (2033F) | USD 486.1 Million |
| Value-based CAGR (2023 to 2033) | 5.7% |
| Collective Value Share: Top 5 Companies (2022A) | 15-20% |
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The global dosage spoon market witnessed a lucrative growth rate and exhibited a CAGR of 5.4% during the historical period (2018 to 2022). It reached a valuation of USD 264.7 Million in 2022. The expanding pharmaceutical industry is projected to propel the demand for dosage spoons in the next ten years.
The development of different liquid drugs or medications is another factor that is estimated to create a new growth opportunity for dosage spoon manufacturers globally. Government agencies are also focusing on providing easy access to advanced healthcare services to people by compelling pharmaceutical companies to expand their manufacturing capacities.
Moreover, the rising number of state-of-the-art healthcare services especially for the geriatric population is expected to fuel the demand for dosage spoons as these are considered to be a convenient and practical product for senior citizens. Rising awareness among end users regarding the dangers caused due to the intake of wrong doses of medications is also set to boost sales of dosage spoons during the evaluation period.
Urgent Need for Advanced Measuring Aids to Bolster Sales of Dosage Spoons
Vendors or sellers of over-the-counter drugs are expected to fuel the demand for dosage spoons owing to the surging need to offer advanced measuring aids to their customers. Sales of over-the-counter drugs are rising across the world, which is further projected to fuel the demand for dosage spoons.
According to the Consumer Healthcare Products Association (CHPA), retail sales accounted for around USD 36.5 billion in 2020 for over-the-counter medicines. This indicates positive growth for dosage spoons as they are showcasing high demand among sellers of over-the-counter drugs.
Besides, the rising need for convenience in the intake of medicine both from suppliers, as well as buyers would propel the demand for dosage spoons in the market. The growing need for proper aid for dispensing medicines among buyers and sellers of over-the-counter drugs is also expected to push sales of dosage spoons. Overall, increasing sales of over-the-counter drugs are likely to fuel the demand for dosage spoons due to the need for advanced dispensing aids.
Development of Various Vaccines and Medications to Cure Chronic Diseases Will Fuel Sales
The ongoing expansion of the healthcare and pharmaceutical industries across the globe is anticipated to drive sales of dosage spoons during the forecast period. Dosage spoons are extensively used by the pharmaceutical industry, hospitals, and labs which would ultimately propel the demand for such products in both developed and emerging economies.
Key manufacturers operating in the global market are also focusing on expanding their production capacities to meet the rapidly rising demand for measurement devices among end users. Besides, the urge to provide an accurate dose of medication is estimated to augur well for the market.
Moreover, the development of different vaccines and medications is projected to fuel the demand for pharmaceutical and healthcare products such as dosage spoons. Key players are nowadays striving to provide sustainable solutions by offering disposable dosage spoons.
It is set to help in preventing the spread of chronic diseases as these spoons are degraded or disposed of after their use without harming the environment. Overall, the market for dosage spoons is expected to grow at a steady pace during the forecast period.
Why is the Demand for Dosage Spoons Rising Rapidly in the USA?
High Prevalence of Diabetes, Cancer, and Arthritis in the USA to Fuel Sales of Medicine Spoons
The North American market for dosage spoons is predicted to be dominated by the USA The FMI study predicts that over the forecast period, the USA is set to account for almost 79% of all sales in North America.
The increasing prevalence of chronic diseases in the USA is set to make it the most lucrative market for dosage spoons. The prevalence of chronic illnesses, including diabetes, cancer, and arthritis is rising in the nation, which will further increase the need for various medical & pharmaceutical products and boost the use of dosage spoons.
About 6 out of 10 adults in the United States, according to the Centers for Disease Control and Prevention (CDC), have a chronic illness. Consequently, the need for various medical devices & tools in the country is rising, which will lead to more prospects for the selling of dosage spoons. Additionally, the presence of various significant key players like Comar LLC in the USA is expected to push the demand for these spoons by raising awareness among end users.
Why are Sales of Dosage Spoons Increasing Exponentially in Germany?
“Growing Elderly Population in Germany to Spur the Demand for Medicine Dosing Spoons”
Germany is believed to possess the largest market share for dosage spoons due to its prominence in the pharmaceutical industry and its growing elderly population. The country’s market for dosage spoons is projected to grow 1.5x the current value from 2023 to 2033.
According to the World Bank Group, nearly 22% of the total population in Germany is above 65 years. Thus, demand for dosage spoons is anticipated to increase as the senior population's requirement for prescriptions and drugs grows.
The need for advanced and specialized healthcare & medical services among the elderly population has led to an increasing number of healthcare providers in the country. Due to this factor, it is predicted that throughout the projection period, demand for dosage spoons in Germany is expected to rise.
Medicine Spoons Made of Plastic to Gain Impetus with Easy Availability and Disposable Nature
Based on material, the plastic segment is estimated to remain at the forefront throughout the forecast period. The segment is projected to register a CAGR of 5.5% from 2023 to 2033. Plastic dosage spoons are extensively utilized in the medical and healthcare sector due to their increased prominence on cleanliness and the ease of product availability. The benefits of plastic dosage spoons, including their disposable nature, relatively low cost, and wide variety of patterns, are likely to surge their demand worldwide.
Hospitals & Medical Facilities to Look for Dosing Spoon Medicines in the Next Ten Years
Based on end use, the hospitals & medical facilities sub-segment under the commercial segment is expected to dominate throughout the forecast period. In the next ten years, it is anticipated that the hospitals & medical facilities sub-segment will account for about 56% of the global market share. The need for dosage spoons in hospitals & medical facilities is mainly driven by the global expansion of healthcare facilities.
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Key players operating in the dosage spoon market are trying to capture the majority of the market share by expanding their presence and launching new products. Some of the other key players are adopting collaboration or partnership strategies to broaden their resources and footprint.
Some of the latest developments by key players are as follows –
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 279.3 Million |
| Projected Market Valuation (2033) | USD 486.1 Million |
| Value-based CAGR (2023 to 2033) | 5.7% |
| Historical Data Available for | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD Million) |
| Segments Covered | Material, Capacity, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | HEINLEIN PLASTIK-TECHNIK GMBH; Comar LLC; Medicaplastic; Origin Pharma Packaging; Sampling Systems Ltd.; Rx Systems, Inc.; Ntinos Poupas LTD; Space Age Plastic Industries; Shako Plastick; VWR International, LLC; Farmmash; PureBulk Inc; Slipce Cast limited; Suretx Instruments Limited; SGH Medical Pharma |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The global market for dosage spoons reached USD 264.7 Million in 2022.
The global market for dosage spoons expanded at a CAGR of 5.4% from 2018 to 2022.
By the end of 2033, the global market for dosage spoons is projected to reach USD 486.1 Million.
From 2023 to 2033, the global market for dosage spoons is anticipated to register a CAGR of 5.7%.
The global market for dosage spoons is estimated to grow 1.8 times the current market value during the forecast period.
Increasing number of hospitals and medical facilities is the major factor supplementing the demand for dosage spoons across the globe.
HEINLEIN PLASTIK-TECHNIK GMBH, Comar LLC, Medicaplastic, Origin Pharma Packaging, Rx Systems, Inc., VWR International, LLC, and Farmmash are the key players operating in the dosage spoon market.
As per the FMI analysis, the demand for dosage spoons in India is projected to expand at a CAGR of 6.4% from 2023 to 2033.
| Market Value (2024) | USD 108.9 billion |
|---|---|
| Market Value (2034) | USD 149.8 billion |
| Estimated Growth (2024 to 2034) | 3.2% CAGR |
| Estimated Market Share in 2023 | USD 6.1 billion |
|---|---|
| Forecasted Market Size by 2033 | USD 11.9 billion |
| Projected Market Growth Rate from 2023 to 2033 | 7.5% CAGR |
| Market Estimated Size in 2023 | USD 108.1 billion |
|---|---|
| Projected Market Value in 2033 | USD 246.6 billion |
| Value-based CAGR from 2023 to 2033 | 8.6% |
| Market Estimated Value (2023) | USD 2.3 Billion |
|---|---|
| Projected Market Value (2033) | USD 3.7 Billion |
| Value CAGR (2023 to 2033) | 5.0% |
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Dosage Spoon Market
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