The Global Prescription Bottles Market Growth Accelerated By Increased Demand For Effective Drug Delivery

 

Prescription bottles are plastic or glass containers used to package and store medicinal drugs. They provide effective protection and ease of dispensing of oral solid drugs such as tablets and capsules. Prescription bottles are designed to prevent tampering and cross-contamination. The usage of prescription bottles helps ensure proper dosage, frequency and duration of medication.

The global Prescription Bottles Market is estimated to be valued at US$ 4.5 billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increased demand for effective drug delivery:
The global prescription bottles market is experiencing significant growth due to the increasing demand for effective drug delivery systems. Prescription bottles help prevent contamination and ensure proper dosage of drugs. They come with various safety features such as child-resistant caps and tamper-evident seals. This effectively reduces the chances of incorrect consumption. Technological advancements in bottle designs such as the availability of strip packs, calendar packs, push-through packs are further boosting convenience and compliance for both patients and healthcare professionals. The strict regulatory frameworks regarding drug packaging & labeling also promote the adoption of prescription bottles.

Segment Analysis
The global prescription bottles market is dominated by plastic prescription bottles segment. Plastic bottles are affordable, lightweight, and easily available. They also provide better protection to drugs compared to glass bottles. Hence, majority of pharmaceutical manufacturers prefer plastic prescription bottles over glass bottles.

Key Takeaways
The Global Prescription Bottles Market Size is expected to witness high growth over the forecast period. The global Prescription Bottles Market is estimated to be valued at US$ 4.5 billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.

Regional analysis
North America is currently the largest market for prescription bottles due to growing pharmaceutical sales and established healthcare infrastructure in the region. The region holds around 40% share of the overall market. Asia Pacific is expected to be the fastest growing market owing to rising healthcare expenditure, increasing generic drug production, and growing medical tourism industry in the region.

Key players
Key players operating in the prescription bottles market are Amcor Limited, Gerresheimer AG, Berry Global Inc., SCHOTT AG, West Pharmaceutical Services, Inc., Catalent Inc., Nipro Corporation, WestRock Company, Pacific Vial Manufacturing Inc., and Adelphi Healthcare Packaging. Amcor and Gerresheimer account for over 30% share of the global prescription bottles market.

For More Insights, Read: https://www.newswirestats.com/prescription-bottles-market-demand-growth-and-regional-outlook-by-2030/