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Vials Market (Product Type - Cryogenic Vials, Serum Vials, Specialty Vials, Sterile Vials, and Others; Material - Glass, and Plastic; End User - Pharmaceutical, Chemical, Personal Care, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : HC0596

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the vials market provides an in-depth analysis of segments and sub-segments in the global as well as regional vials market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vials market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global vials market. According to the report, the global vials market is projected to grow at a CAGR of 6.65% over the forecast period of 2020-2026.

 

Market Insight

Vials are small containers that are mostly made of glass and plastic. Vials are mainly used in the medical sector to store vaccines, blood, and tissue samples, and are also used in law enforcement, laboratories, department stores, and outdoor enthusiasts. In recent years, the number of chemical laboratories dealing with life science, environment testing, cosmetic testing, and food & beverage testing has risen drastically. vials are used on a regular basis in these testing facilities for sample storage and analysis. The global Vials Market is likely to grow with a CAGR of 6.65% during the period of 2020 to 2026.

 

A growing number of chemical laboratories is one of the major driving factors for the growth of the vials market across the globe. The number of laboratories adopting chromatography instruments such as GC, HPLC, Ion chromatography, and many more has also increased which in turn also increases the demand for vials from these laboratories. Apart from this factor, the rapidly growing biopharmaceutical sector also drives the demand for vials all over the world. The overall annual revenue from the biopharma industry has increased from about $4.4 billion in 1990 to $275 billion in 2018, an increase of 6,250 percent, with biopharmaceuticals now more than 25 percent of the total pharmaceutical market. In 2018 alone, there were 3,212 emerging biopharma companies. However, Procuring the key raw material for pharmaceutical vials is one of the major factors that challenge the growth of the market. Moreover, growing demand for plastics vials as well as the emergence of superior polymer vials due to technological advancements will also create beneficial opportunities for plastic vial manufacturers over the coming years

 

Among regions, North America holds the largest market share in the vials market and is expected to dominate the market during the forecast period. This is primarily due to its large pharmaceutical and personal care manufacturing base. Furthermore, the growing number of collaborations in order to achieve innovative packaging technology is also providing a boost to the market. The increasing incidence of infectious & non-infectious diseases and the rising number of clinical studies are translating into greater demand for these vials. Furthermore, Europe is expected to hold a significant share in the global vials market due to the introduction of new medicines aimed at improving the health and quality of life of the patients. Moreover, the global vials market in the Asia Pacific region is projected to witness the fastest growth owing to high investment in various research and development activities and favorable demographics. The rapidly growing pharmaceutical industry across the region along with the high demand for vials is arising majorly from densely populated countries is also projected to boost the market in the Asia Pacific region.


Vials Market


Segment Covered

The report on global vials market covers segments such as by product type, by material, and by end user. On the basis of by product type, the sub-markets include cryogenic vials, serum vials, specialty vials, sterile vials, and others. On the basis of by material, the sub-markets include glass, and plastic. On the basis of by end user, the sub-markets include pharmaceutical, chemical, personal care, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Gerresheimer AG, Schott AG, Stevanto Group SpA, Piramal Glass Private Limited, Amcor Pty Ltd, Richland Glass Company, Inc., Thermo Fisher Scientific Inc., Borosil Glass Works Limited, DWK Life Sciences GmbH, and Qorpak, Inc..

 

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 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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