Vial Containment Solutions Market Propagates with a Promising CAGR in 2019-2026

  • 25 Apr 2019

Liquid drug containment widely uses vials made of glass and plastic in order to maintain high efficiency, drug stability and effectivity until it reaches the patient. The rise in demand for vials resistant to particle coagulation, delamination and harmful contaminations is a major factor fuelling the growth of global vial containment solutions market. The overall increase in pharmaceutical, biotech and medical devices manufacturing companies, increase in demand for portable medical devices, a trend towards self-care, changing the regulatory landscape in tamper-resistant containment of life-saving drugs are other factors contributing to radical growth in global vial containment solutions market.
The global vial containment solutions market is expected to grow at an impressive CAGR during 2019-2026. However, the market faces hurdles like:
•    Providing cost effective and ecological drug containment
•    Using packaging material that prevents interactions like leaching especially with bio sensitive drug molecules 
•    Lack of thorough testing processes of vials for toxicology support and storage stability results

Global Vial Containment Solutions Market, by Product Type
•    Stopper
•    Seal 
•    Vials 
Stoppers and seals for injection vials, serum vials and infusion vials are widely spread segment as they serve the principal purpose of avoiding spillage and contamination losses. Bromo Chloro rubber stoppers with long term stability, low extractability and high barrier properties are prevalent in the contemporary market and will continue to register a major share of the global market registering lucrative CAGR for years to come.

 

Global Vial Containment Solutions Market, by End User
•    Pharmaceutical
•    Cosmetics
•    Others
The pharmaceutical segment is the largest market shareholder of the global vial containment solutions market and is anticipated to experience healthy CAGR during the forecast period. The prominent mergers and acquisitions among the global pharmaceutical giants and biotech companies, investments in R&D for effective packaging solutions of self-administrable liquid drugs and so on will continue to advance the growth of pharmaceutical segment of global vials containment solutions market for near future.

Global Vial Containment Solutions Market, by Region 
•    Europe  
•    North America  
•    APAC  
•    Latin America
•    Rest of World
North America and Europe lead the global vial containment solutions market due to already existing high penetration in the market and R&D investments in finding viable containment solution especially for pharmaceutical and cosmetic products. Rising awareness about self-medication and portable medical devices usage in the APAC and Latin American region has sprouted tremendous growth opportunities for vial containment solution market for years to come.

 

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  
 

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth  
 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global vial containment solutions market, by product type, end-user and region   
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and an overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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