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Depyrogenated Sterile Empty Vials Market Future Challenges and Industry Growth Outlook by 2020-2026

Author : Ronak Bora | Published Date : 2020-09-07 

Depyrogenated Sterile Empty Vials Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

With the rising demand from the medical field, especially clinical research laboratories, the depyrogenated sterile empty vials market is likely to experience tremendous gains over the coming years. A number of prominent firms that are active in the industry have been focusing on improving their market position using different strategies, including frequent product launches, which is also expected to stimulate market growth.  For instance, on 26th June 2020, Honeywell, reportedly unveiled its innovative Aclar Edge vials and bottles for sterile injectables and oral liquids. The new vials are more durable than their glass counterparts and also provide an improved oxygen barrier in comparison to other polymeric containers as well as a moisture barrier that is similar to that of glass.

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Depyrogenation is the process of removing a pyrogen from an instrument, pharmaceutical container or a substance. The market is anticipated to depict a rapid rate of growth owing to the extensive use of these vials in the medical sector, mainly for storing specimen collections as well as diagnostics. These vials are primarily utilized for storing fluid specimens owing to their sealed top, which makes them one of the most integral equipment in the healthcare industry.

Plastic vials segment is projected to record an impressive CAGR of more than 8% over the forecast timeframe. In comparison to glass-based vials, plastic vials are less susceptible to breakage and delamination. Furthermore, vials that are made from plastic are considered a light material choice in comparison to other alternatives, which augments their demand further.

Additionally, These vials also facilitate a more better thermal insulation, which effectively allows them to keep the contents stable at ideal temperature at all times.

Rising demand for sample collection and storage in clinical labs

In terms of end-user spectrum, the clinical labs end-user segment is likely to record a CAGR of more than 7% over the projected time period. The remunerative growth rate is attributed to the rising demand for depyrogenated sterile empty vials for storage and sample collection.

Clinical laboratories are of utmost importance in healthcare settings as they provide vital services and information that contributes to optimizing the effective delivery of medical care to the patient. As technological advancements increasingly improve the overall productivity of clinical labs, novel technologies, novel diseases as well as disease strains would keep fueling the overall need for clinical tests and testing. Innovation and rising adoption of fast-moving technologies is likely to impact the growth of clinical labs over the coming years, which would subsequenly foster product demand. 

As per regional outlook, Middle East and Africa are considered to be a prominent ground for sterile empty vial companies. Over the years, the region has observed substantial growth in the pharmaceutical sector. Estimates suggest that the MEA depyrogenated sterile empty vials industry could register a compound annual growth rate of more than 7% owing to rising federal assistance for the development of advanced packaging solutions for medical products.

Moreover, federal bodies across MEA are dedicated to improving the well-being of local population and enhancing existing healthcare services. They are also focusing on delivering a timely and safe supply of pharmaceutical products and services. Such initiatives could positively impel MEA depyrogenated sterile empty vials market growth. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/depyrogenated-sterile-empty-vials-market

Partial Chapter of the Table of Content 

Chapter 5. Depyrogenated Sterile Empty Vials Market, By Package Technology

5.1. Key segment trends

5.2. Glass

5.2.1.  Market size, by region, 2015-2026

5.2.2.  Molded    Market size, by region, 2015-2026

5.2.3.  Tubular    Market size, by region, 2015-2026

5.3. Plastic

5.3.1.  Market size, by region, 2015-2026

Chapter 6. Depyrogenated Sterile Empty Vials Market, By End-use

6.1. Key segment trends

6.2. Clinical labs

6.2.1.  Market size, by region, 2015-2026

6.3. Compounding labs

6.3.1.  Market size, by region, 2015-2026

6.4. Pharmaceutical companies

6.4.1.  Market size, by region, 2015-2026

6.5. Contract manufacturing organizations

6.5.1.  Market size, by region, 2015-2026

6.6. Distributors

6.6.1.  Market size, by region, 2015-2026

6.7. Others

6.7.1.  Market size, by region, 2015-2026

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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