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Vaccine Vials Market (Type - Single Dose, and Multi Dose; Material - Glass, and Polymer): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : September, 2020

  • Rep Id : HC0577

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on vaccine vials market provides in-depth analysis of segments and sub-segments in the global as well as regional vaccine vials market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vaccine vials market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global vaccine vials market. According to the report, the global vaccine vials market is projected to grow at a CAGR of 15.67% over the forecast period of 2020-2026.

 

Market Insight

The invention of vaccines has revolutionized the healthcare scenario across the world. Vaccines strengthen the immune system by exposing it to weaker pathogens. The enhanced immune system then protects the human body from infections and diseases. The commercially available vaccines are packaged in vials or ampoules, which are then administered through injections. The vaccine manufacturers prefer the small size of vials for packaging in order to produce a large amount of vaccine. At the same time, vaccines are administered in smaller dosages compared to other drugs, which makes smaller sized vails a better packaging option. Moreover, vaccine vials are available in either plastic or glass material. Furthermore, the vaccine vials could differ in design depending upon its use including single dosage or multiple doses. The market players offer a wide variety of vials for vaccine packaging.

 

The spread of coronavirus has led to the rise in the number of research activities to develop a vaccine to cure as well as prevent healthy people from infection. Several vaccine manufacturers across the world have increased their research capacity to find an effective vaccine against the coronavirus. Moreover, COVID19 has affected millions of people around the world, which is expected to generate huge demand for vaccines. Higher demand for vaccines is set to put pressure on the manufacturers as well as healthcare professionals to supply the vaccine. This, in turn, is anticipated to boost the demand for vials, once the vaccine is commercially available and all set to be mass produced. However, the transport of raw materials and finished goods has disrupted during the pandemic, which is expected to be the major challenge during the short term.

 

The growing number of initiatives from government and private organizations to promote immunization is the major drivers for the vaccine vials market. Several governments around the world, particularly in developing countries, have undertaken immunization programs to eradicate certain communicable diseases. Under such immunization programs, the healthcare organizations procure vaccines in a large amount. This, in turn, increases the demand for a large number of vaccines, boosting the sale of vaccine vials. Moreover, the growing awareness among the people regarding the endemic diseases is expected to augment the market growth. The population is being made aware of the benefits of immunization through its promotion and education. However, the poor healthcare infrastructure in some of the developing regions in the world is the major restrain for market growth. Nevertheless, the development of innovative vaccine administration methods is expected to offer business opportunities during the forecast period.

 

In terms of geography, North America generated the highest revenue for the vaccine vials market in 2019. The countries including the US and Canada are the major contributors to the higher revenue from the vaccine vials market in North America. The higher spending capacity on healthcare is mainly supporting the domination of North America in the global market. Moreover, the presence of several leading vaccine manufacturers in the region is expected to augment the demand for the vaccine vials over the forecast period. Furthermore, the Asia Pacific region is expected to register the highest growth rate owing to a rise in the trend of contract manufacturing.

 

Segment Covered

The report on global vaccine vials market covers segments such as type, and material. On the basis of type, the sub-markets include single dose, and multi dose. On the basis of material, the sub-markets include glass, and polymer.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Cardinal Health, Inc., Berlin Packaging LLC, SCHOTT AG, Richland Glass Company, Inc., Gerresheimer AG, Thermo Fisher Scientific Inc, Catalent, Inc., Nipro Corporation, DWK Life Sciences GmbH, and Vetter Pharma-Fertigung GmbH & Co. KG.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vaccine vials market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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