DUBLIN–(BUSINESS WIRE)–The “Global Ampoules and Vials Market – Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global ampoules and vials market is expected to grow at a CAGR of 5.51% over the forecast period.
The market growth for these storage solutions is majorly being driven by robust growth of healthcare and pharmaceutical industry in many regions across the globe. Increasing global population, and changing lifestyles of people, are together shaping the burden of diseases on many governments. As societies in the east continue to get influenced by the cultures of the west, uptake of unhealthy lifestyle by people is increasing. Growing geriatric population in many countries is also adding to the burden of diseases on many governments. As incidence and prevalence of diseases continues to increase, demand for drugs is also increasing.
Since many drugs are very sensitive to changes in environmental conditions, they need to be stored in specialized containers which can protect their integrity and characteristics. This is increasing the demand for ampoules and vials, thus propelling the market growth. Demand for these containers is also being driven by increasing need among drug manufacturers and healthcare providers for efficient storage of drugs. Vials and ampoules allow easier storage of liquids and powders as compared to bigger bottles or containers. This has been contributing significantly to the growing demand for these containers, thus boosting their market growth.
Apart from this, vials have been finding considerable applications in cosmetics sector. Perfume vials have been in trend for a fairly long time, and these continue to hold significant traction among end users. (Read more…) Growing manufacturing of fragrances in many countries is driving with it the sales of vials in those countries since vials remain the preferred storage solution for fragrance samples because they ensure integrity of samples while also making storage more efficient. As the growth of perfume manufacturing remains good, the sales of vials will also continue to grow, thus contributing to the market growth.
The outbreak of the novel coronavirus disease in Wuhan, China, and its getting declared a pandemic by the World Health Organization, has also been shaping the market growth significantly. As the number of patients confirmed positive with the novel coronavirus disease continues to soar, drug makers are pumping huge investments into research and development in order to find a cure to this disease. In this race to develop a reliable vaccine, drugmakers are fast-tracking clinical trials. Furthermore, millions of doses are being manufactured by such companies as part of their plan to make their vaccine available to people as soon as they get a nod from the regulatory bodies. This continuous flow of investments into drug development is increasing the demand for ampoules and vials, thus propelling the market growth.
Geographically, the global ampoules and vials market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. To give a clearer view of the market, these regional markets have been further segmented into countries which account for a considerable market share. North America and Europe together account for a significant share in the overall market. The market growth in these regions is majorly attributed to the presence of state-of-the-art research infrastructure across them. Presence of this infrastructure has been a major factor which has been accelerating the growth across sectors like pharmaceutical and cosmetics. Presence of a good number of market players in these regions is another major factor which has been contributing to the growing sales of ampoules and vials across them.
Companies Mentioned
- SCHOTT AG
- Nipro
- Gerresheimer AG
- Thermo Fisher Scientific Inc.
- Stevanato Group
- SGD Pharma
- DWK Life Sciences GmbH
- APG Europe
- Pacific Vial
- Radpharm Scientific
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
4.6. Market Attractiveness
5. Global Ampoules and Vials Market Analysis, by Material
5.1. Introduction
5.2. Plastic
5.3. Glass
6. Global Ampoules and Vials Market Analysis, by Application
6.1. Introduction
6.2. Medical
6.3. Non-Medical
7. Global Ampoules and Vials Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia-Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/wlr1r3
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