Vial Adaptors Market - By Product Size (13 mm, 20 mm), By Material (Polycarbonate, Silicon, Polyethylene), By Treatment (Hospitals, Ambulatory Surgical Centers), - Global Forecast, 2023-2032
Report ID: GMI7296
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Published Date: November 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 13
Tables & Figures: 207
Countries covered: 22
Pages: 130
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Vial Adaptors Market Size
Vial Adaptors Market size was valued at USD 985 million in 2022 and is estimated to reach USD 1.9 billion by 2032. Vial adaptors are used extensively in drug reconstitution and dilution processes, which are common in healthcare settings. The emphasis on aseptic drug manufacturing and transfer has driven the demand for vial adaptors. These devices ensure the sterility and integrity of pharmaceutical products.
The growing demand for pharmaceuticals and biopharmaceuticals, including vaccines, has led to increased drug production, necessitating efficient and aseptic transfer methods. Further, the development of advanced vial adaptor technologies, such as needle-free systems and safety features, are anticipated to contribute to market growth. These technologies improve safety and efficiency, thereby fueling the product demand.
Vial adaptors are specialized devices used in pharmaceutical, biotechnology, and healthcare settings to facilitate aseptic fluid transfer to and from vials. They create a sterile connection between vials, syringes, or other containers, ensuring the integrity and safety of pharmaceutical products during reconstitution, transfer, and administration processes.
COVID-19 Impact
The COVID-19 pandemic had a slightly negative impact on the vial adaptors market. While the demand for pharmaceutical products, including vaccines, surged during the pandemic, the disruption in the supply chain, manufacturing delays, and a heightened focus on cost-effective solutions led to some challenges. Although the need for aseptic vial handling remained critical, some organizations have temporarily reduced capital expenditures, affecting the growth of the market. However, this impact was relatively minor, and the market rebounded as pharmaceutical production and vaccine distribution efforts stabilize and continue to grow in response to the pandemic.
Vial Adaptors Market Trends
The growing prevalence of chronic conditions is among a significant driving factor in the healthcare sectors, which, in turn, has a positive impact on market expansion.
The combination of these factors has led to a sustained and growing demand for vial adaptors as they play a crucial role in the safe, aseptic, and efficient handling of medications andtherapies associated with chronic conditions.
Vial Adaptors Market Analysis
Based on product size, the market is segmented into 13 mm, 20 mm, and other product sizes. The 13 mm segment was valued at around USD 468 million in 2022 and is expected to grow at 6.7% CAGR up to 2032. Different sizes are available to accommodate a variety of vial necks and sample volumes, ensuring that the right adaptor is used for each situation.
Based on material, the vial adaptors market is categorised into polycarbonate, silicon, polyethylene, and other materials. The polycarbonate segment held leading market share and is anticipated to reach over USD 843 million by 2032. Polycarbonate is biocompatible and can be suitable for certain medical and pharmaceutical applications.
Based on end-use, the vial adaptors market is categorised into hospitals, ambulatory surgical centers, and other end-uses. The hospitals segment held a majority market share in 2022 and is anticipated to reach USD 913 million by 2032. The demand for vial adaptors in hospitals is driven by several factors, as these devices play a crucial role in aseptic medication preparation, administration, and other healthcare applications.
The demand for vial adaptors in hospitals is closely tied to the need for safe and effective medication management. As a result, the above-mentioned factors will spur market growth.
The U.S. dominated the North America vial adaptors market in 2022 and is anticipated to expand at a considerable pace to reach over USD 642 million by 2032. The region is a leader in biotechnology research and development. Vial adaptors are used in laboratories for aseptic sample handling and various research applications.
Vial Adaptors Market Share
The vial adaptors industry is fragmented in nature, with companies competing to offer improved products in this business space. Prominent players such as Miltenyi Biotec B.V, Becton, Dickinson, and Company, Randox Laboratories Ltd, and Terumo Corporation among others hold a considerable share in this market. These companies are focusing on improving their industry presence through various strategies including product launches, mergers and acquisitions and collaborations among others.
Some of the eminent market participants operating in the vial adaptors industry include:
Vial Aaptors Industry News:
Vial adaptors market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Product Size, 2018-2032 (USD Million)
By Material, 2018-2032 (USD Million)
By End-use, 2018-2032 (USD Million)
The above information is provided for the following regions and countries: