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Vials Market Share

Report ID: GMI12130
Published Date: Nov 2024
Report Format: PDF

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Vials Market Share

The market is characterized by intense competition among major pharmaceutical companies, glass manufacturers, and packaging specialists. Key players dominate the market due to their robust manufacturing capacities, innovation in vial materials, and partnerships with pharma giants. Companies are increasingly focusing on offering high-quality vials with enhanced durability and chemical resistance, like Type 1 borosilicate glass vials, to ensure drug stability and patient safety. The rise in injectable therapies and the expansion of biologics have spurred demand for specialized vials, such as prefilled and ready-to-use formats. This demand has attracted competition from regional manufacturers in Asia Pacific and emerging markets, aiming to offer cost-effective alternatives.

Vials Market Companies

Few of the prominent players operating in the vials industry include:

Amcor
Arab Pharmaceutical Glass
Corning Incorporated
Daikyo Seiko
DWK Life Sciences
Gerresheimer AG
KISHORE GROUP
Mitsubishi Gas Chemical Company
Nipro
Pacific Vial Manufacturing
SCHOTT Pharma (SCHOTT Group)
SGD Pharma
Shandong Province Medicinal Glass
SHIOTANI GLASS
Stevanato Group
West Pharmaceutical Services
Wuxi NEST Biotechnology

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global vials industry was valued at USD 12.2 billion in 2023 and is estimated to grow at a 9.1% CAGR from 2024 to 2032, driven by the increasing demand for sterile and stable drug storage solutions.

RTU vials segment dominated the market in 2023 and is anticipated to grow at a 9.4% CAGR over the forecast period due to their ability to provide pre-measured doses, reducing preparation time and contamination risks in clinical settings.

U.S. vials market held a leading position in North America in 2023 and is projected to maintain this dominance with a CAGR of 8.8%, driven by its robust pharmaceutical and biotechnology sectors.

Key players in the vials industry include Amcor, Arab Pharmaceutical Glass, Corning Incorporated, Daikyo Seiko, DWK Life Sciences, Gerresheimer AG, KISHORE GROUP, Mitsubishi Gas Chemical Company, Nipro, Pacific Vial Manufacturing, SCHOTT Pharma (SCHOTT Group), and SGD Pharma.