With the growing need to prevent medication errors and contamination risks which may cause health issues in future is driving a significant demand for the oral dosing cups in the U.S. Further, the rising dependency on medicines among growing geriatric population combined with availability of most of the children medicines in liquid form is expected to impel the growth of the U.S. oral dosing cups market in upcoming years.
The U.S. oral dosing cups market accounted for USD 83.2 Million during 2016 and is predicted to reach remarkable market size of around USD 122.4 Million by the end of 2024. Further, the increasing healthcare expenditure and rising demand for home healthcare solutions is believed to benefit the expansion of the U.S. oral dosing cups market with a notable compound annual growth rate of 5.2% over the forecast period 2018-2024.
In terms of market segmentation, the U.S. oral dosing cups market is segmented into product type, end-user and capacity, out of which, the capacity segment is further divided into 2.5ml-15ml, 15ml-30ml and >30ml. Among these segments, the 2.5 ml – 15 ml segment held the largest market share of around 45% during 2016 and is expected to garner significant market size by the end of 2024 as most of the drug dosage volume requires an intake of 2.5 ml – 15 ml. Further, the 2.5 ml – 15 ml segment is estimated to expand at a CAGR of 5.8% over the forecast period.
The U.S. oral dosing cups market is further divided by end-user into hospitals, clinics, pharmaceutical companies, retail pharmacy and others, out of which, the pharmaceutical companies accounted for more than half of the total market share during 2016. The upcoming years are predicted to witness significant growth in this segment. Besides, there is a high demand from hospitals and other medical facilities that observe a high influx of pediatric patients that show less compliance towards intra-venous injections and solid formulations such as tablets and capsules.
The Report titled “U.S. Oral Dosing Cups Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016–2024” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the U.S. oral dosing cups market which includes profiling of Eastman Chemical Company, American Health Packaging, Taral Plastics Inc., Comar LLC., Precision Dose Inc., Joe Pietryka Inc., Sturgis Molded Products, H&T Presspart, Taral Plastics Inc. and GMAX Industries Inc.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “U.S. Oral Dosing Cups Market Outlook 2024” analyses the overall oral dosing cups industry in the U.S. to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the U.S. oral dosing cups market in the near future.