Depyrogenated Sterile Empty Vials Market to register an appreciable growth rate through 2026
Category: #business  By Ronak Bora  Date: 2021-03-22
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Depyrogenated Sterile Empty Vials Market to register an appreciable growth rate through 2026

Depyrogenated Sterile Empty Vials Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

With the rising demand from the medical field, especially clinical research laboratories, the depyrogenated sterile empty vials market is likely to experience tremendous gains over the coming years. A number of prominent firms that are active in the industry have been focusing on improving their market position using different strategies, including frequent product launches, which is also expected to stimulate market growth.  For instance, on 26th June 2020, Honeywell, reportedly unveiled its innovative Aclar Edge vials and bottles for sterile injectables and oral liquids. The new vials are more durable than their glass counterparts and also provide an improved oxygen barrier in comparison to other polymeric containers as well as a moisture barrier that is similar to that of glass.

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Depyrogenation is the process of removing a pyrogen from an instrument, pharmaceutical container or a substance. The market is anticipated to depict a rapid rate of growth owing to the extensive use of these vials in the medical sector, mainly for storing specimen collections as well as diagnostics. These vials are primarily utilized for storing fluid specimens owing to their sealed top, which makes them one of the most integral equipment in the healthcare industry.

Following is a brief overview of key trends that are stimulating the depyrogenated sterile empty vials industry growth:

Growing demand for 10ml and above 20ml vials

The market demand for 10ml vials, which comes pre-assembled with aluminum crimp seal and a stopper is increasing tremendously. The growth is ascribed to the fact that a large number of patient treatment courses involves the use of these 10ml vials. Moreover, these 10ml vials are effectively utilized for mixing several medicines and drugs for injection.

Additionally, the sealed top helps in insertion of needle with ease, which keeps the injected liquids securely contained for mixing. The demand for these vials is so high that the segment is expected to witness a momentous CAGR of over 8.5% through the forecast time period.

Meanwhile, the increasing adoption of more than 20ml vials in clinical as well as research laboratories is expected to stimulate the segment growth over the coming years. These vials can store large quantities of medicines in liquid form and can further store tablets or powders.

Increasing adoption of plastic vials

Plastic vials segment is projected to record an impressive CAGR of more than 8% over the forecast timeframe. In comparison to glass-based vials, plastic vials are less susceptible to breakage and delamination. Furthermore, vials that are made from plastic are considered a light material choice in comparison to other alternatives, which augments their demand further.

Additionally, These vials also facilitate a more better thermal insulation, which effectively allows them to keep the contents stable at ideal temperature at all times.

Rising demand for sample collection and storage in clinical labs

In terms of end-user spectrum, the clinical labs end-user segment is likely to record a CAGR of more than 7% over the projected time period. The remunerative growth rate is attributed to the rising demand for depyrogenated sterile empty vials for storage and sample collection.

Clinical laboratories are of utmost importance in healthcare settings as they provide vital services and information that contributes to optimizing the effective delivery of medical care to the patient. As technological advancements increasingly improve the overall productivity of clinical labs, novel technologies, novel diseases as well as disease strains would keep fueling the overall need for clinical tests and testing. Innovation and rising adoption of fast-moving technologies is likely to impact the growth of clinical labs over the coming years, which would subsequenly foster product demand. 

Growing Focus towards the MEA healthcare infrastructure

The depyrogenated sterile empty vials market in MEA is projected to grow at a significant CAGR of more than 7% over the forecast timeframe. The region is witnessing a rise in government-sponsored support for manufacturing innovative packaging solutions for the pharmaceutical sector. Consequently, ongoing innovations in the regional pharmaceutical packaging industry would positively impact the product demand.

Moreover, the government is also concentrating on improving healthcare facilities and towards the well-being of the increasing population across MEA. With focus on giving safe as well as timely delivery of supplies and pharmaceuticals products, the MEA pharmaceutical market is expected to witness tremendous growth over the coming years, creating more opportunities for industry expansion. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/depyrogenated-sterile-empty-vials-market

Partial Chapter of the Table of Content 

Chapter 2.  Executive Summary

2.1. Depyrogenated sterile empty vials industry 360º synopsis, 2015 - 2026

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Package technology trends

2.1.4.  End-use trends

2.1.5.  Regional trends

Chapter 3.  Depyrogenated Sterile Empty Vials Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026 (USD Billion)

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.   Government policies to support innovative packaging in developing economies

3.3.1.2.   Increasing prevalence of infectious diseases across the globe

3.3.1.3.   Technological advancements

3.3.1.4.   Growing usage in compounding and clinical labs

3.3.2.  Industry pitfalls and challenges

3.3.2.1.   Surging demand for other parenteral packaging alternatives

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By package technology

3.4.3.  By end-use

3.5. Company’s product specialization, by therapy area

3.6. Porter’s analysis

3.7. Competitive landscape, 2019

3.7.1.  Strategy dashboard

3.8. PESTEL analysis

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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