Depyrogenated Sterile Empty Vials Market Size By Product (2 ml, 5 ml, 10 ml, 20 ml, >20 ml), By Package Technology (Glass {Molded, Tubular}, Plastic), By End-use (Clinical Labs, Compounding Labs, Pharmaceutical Companies, Contract Manufacturing Organization, Distributors), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI3058
|
Published Date: January 2020
|
Report Format: PDF
Download free sample
Get a free sample of Depyrogenated Sterile Empty Vials Market
Get a free sample of Depyrogenated Sterile Empty Vials Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
Immediate Delivery
$4,123 $4,850
15% off
$4,280 $5,350
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2019
Companies covered: 11
Tables & Figures: 313
Countries covered: 17
Pages: 250
Download Free Sample
Depyrogenated Sterile Empty Vials Market Size
Depyrogenated Sterile Empty Vials Market size exceeded USD 0.8 Billion in 2019 and is expected to achieve over 7.6% CAGR up to 2026. Increasing demand in various research laboratories and clinical settings will drive industry growth during the forthcoming years.
Depyrogenation process can be defined as the reduction of pyrogens, including bacterial endotoxins, either by inactivation or removal. Depyrogenation is critical in preparing packaging solutions for injectable drug products. Pharmaceutical packaging components such as vials, ampoules and stoppers require specific depyrogenation procedures based on the component’s material. The commonly used depyrogenation techniques include dry heat, moist heat, rinsing and ultrafiltration.
Packaging of pharmaceutical products is a broad multi-faceted and encompassing task. It differs substantially from other packaging and requires the application of large amount of scientific as well as engineering expertise to deliver a product. It focuses on information and knowledge from a wide range of scientific disciplines, including chemistry, material science, physical testing and engineering, among others.
Focus of industry players on introduction of novel and advanced vials has led to development of various depyrogenated sterile empty vials over the recent years. Market players such as Gerresheimer, Stevanato, SGD Pharma, Thermo Fisher Scientific and others are focusing their efforts on R&D activities for development of technologically advanced depyrogenated sterile empty vial manufacturing platform. Increasing demand for depyrogenated sterile empty vials in various research laboratories and clinical settings will further drive industry growth during the forthcoming years.
Depyrogenated Sterile Empty Vials Market Analysis
Increasing prevalence of infectious diseases worldwide will serve to be a major factor rendering positive impact on the market. According to UNAIDS, in 2018, around 37.9 million people across the globe were living with HIV, wherein, 1.7 million were newly infected. Rising number of people suffering from such infectious diseases will increase the demand for depyrogenated sterile empty vials for appropriate sample storage, thus, accelerating the industry growth. In addition, surge in the number of clinical labs for performing various medical and diagnostic tests will further favor the depyrogenated sterile empty vials market expansion.
Moreover, pharma packaging is progressively evolving in terms of security features as well as innovative designs. Government policies to encourage the development of advanced pharmaceutical packaging will serve to be another driver, accelerating the market progress. The primary, secondary and tertiary pharmaceutical packaging is undergoing self-transformation to minimize cost, reduce burden on logistic chain and improve visibility. Growing investments by several pharmaceutical and biopharmaceutical companies in R&D activities for development of innovative packaging solutions will encourage the depyrogenated sterile empty vials industry growth. However, inclination towards other parenteral packaging alternatives may restrain the market growth over the forthcoming years.
Depyrogenated sterile empty vials are segmented into 2 ml, 5 ml, 10 ml, 20 ml and more than 20 ml vials. 20 ml vials segment held around 14% market share in 2019 and is projected to show lucrative growth over the forecast period. Demand for clear 20 ml glass vials, pre-assembled with stopper and aluminium crimp seals, for efficient storage of parenteral formulations is on rise. Additionally, usage of 20ml vials for decanting and transportation of small amounts of solvents will escalate the demand for such vials in various clinical and research laboratories, thereby, fostering the market expansion.
Based on package technology, the depyrogenated sterile empty vials market is divided into glass and plastic vials. Glass vials market demand was valued over USD 650 million in 2019, owing to the advantages offered by glass vials over plastic including enhanced chemical durability and damage resistance. Moreover, glass vials enable pharmaceutical and biopharmaceutical companies to effectively deliver and store critical drug formulations. Increasing adoption of both molded and tubular depyrogenated sterile empty glass vials in chemical and biological reactions, plant cell culture, photobiological studies as well as sample collection and storage will accelerate market growth during the forthcoming years.
Compounding labs market accounted for significant revenue share in 2019 and is estimated to witness around 7.5% CAGR over the analysis period. Growing patient preference towards personalized medicine in developed economies will surge the demand for depyrogenated sterile empty vials in compounding labs. Personalised medication offered by compounding labs for corrective patient management results in improved health outcomes. Thus, growing demand for compounded medication that is not available commercially and is formulated for specific patient needs will prove beneficial for market progression.
North America held more than 35% revenue share in 2019 and is estimated to show considerable growth over the analysis period. Rigorous investments by pharma and biotech companies in R&D activities for developing innovative packaging will primarily drive the regional market growth.
U.S. market is poised to exceed USD 475 million by 2026. Market growth is attributed to government funding and technological progress in the booming pharmaceutical and biologics packaging business. Moreover, increasing number of clinical labs in the U.S. will accelerate the demand for depyrogenated sterile empty vials. Strong foothold of key industry players in the U.S. will further impact the regional market growth during the forecast period.
Depyrogenated Sterile Empty Vials Market Share
Some of the key players operating in the depyrogenated sterile empty vials market share are
These key industry players implement various strategic initiatives that render competitive advantage to the companies.
Some of the recent industry developments:
The depyrogenated sterile empty vials market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in units from 2015 to 2026, for the following segments:
Click here to Buy Section of this Report
Depyrogenated Sterile Empty Vials Market, By Product, 2015 - 2026 (USD Million, 000’ Units)
By Package Technology, 2015 - 2026 (USD Million)
By End-use, 2015 - 2026 (USD Million)
The above information is provided for the following regions and countries: