The Depyrogenated Sterile Empty Vials Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Depyrogenated Sterile Empty Vials Global Market Report 2024, The depyrogenated sterile empty vials market size has grown strongly in recent years. It will grow from $3.52 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to rise in pharmaceutical manufacturing, stringent regulatory standards, focus on drug stability and purity, increase in contract manufacturing, expansion of clinical trials, introduction of high-value biologics, focus on patient safety, shift towards ready-to-use components.
The depyrogenated sterile empty vials market size is expected to see strong growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to focus on advanced drug delivery systems, increasing regulatory emphasis on container closure integrity, rise in personalized medicine approaches, expansion of biomanufacturing facilities, focus on sustainable packaging, digitalization of supply chain management, demand for high-value oncology drugs. Major trends in the forecast period include single-use technologies, biological drug development, quality by design (qbd) approaches, biodegradable and sustainable materials, digitalization in supply chain management, smart packaging technologies, advancements in aseptic filling technologies, collaborations and partnerships, .
The increasing prevalence of infectious diseases across the globe is expected to propel the growth of the depyrogenated sterile empty vials market. Infectious diseases refer to conditions caused by harmful microorganisms such as bacteria, viruses, parasites, and fungi. Depyrogenated sterile vials are used for the storage of injectable medication involved in the treatment of infectious diseases. Additionally, depyrogenated sterile empty vials are also used for the collection of laboratory samples. For instance, in March 2022, according to the key facts published in 2022 by the World Health Organization (WHO), a UN agency responsible for international public health, it is estimated that there will be 1.3 to 4.0 million cholera cases every year, with 21, 000 to 143, 000 global fatalities as a result of cholera. At the end of 2021, there were an estimated 38.4 million individuals living with HIV. Therefore, the increasing prevalence of infectious diseases across the globe will drive the growth of the depyrogenated sterile empty vials market.
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The depyrogenated sterile empty vials market covered in this report is segmented –
1) By Product: 2 ML, 5 ML, 10 ML, 20 ML, >20 ML
2) By Packaging: Glass, Plastic
3) By End User: Clinical Labs, Compounding Labs, Pharmaceutical Companies, Contract Manufacturing Organization, Distributors
Technological advancements have emerged as a key trend gaining popularity in the depyrogenated sterile empty vials market. Major companies operating in the depyrogenated sterile empty vials market are focused on incorporating advanced technologies in depyrogenated sterile empty vials for better quality and to sustain their position in the market. For instance, in October 2021, Gerresheimer, a Germany-based manufacturer of pharmaceutical packaging launched Gx RTF injection vials at the Pharmapack, an event for pharmaceutical packaging, drug delivery, medical devices, and machinery in Paris, France. The advanced vails are built from type I borosilicate glass and fulfill all current ISO standards and pharmacopeia criteria (USPh and Ph. Eur.). These are made in compliance with cGMP, then washed, put in trays, and sterilized. These are provided in various qualities such as Gx Elite, Gx Armor, and Gx Pharma Plus to satisfy industry quality requirements. These vials feature various filling and sealing technologies, and possible packaging options to provide sterile delivery, the highest quality standards, flexibility, and a simplified fill-and-finish process.
The depyrogenated sterile empty vials market report table of contents includes:
1. Executive Summary
2. Depyrogenated Sterile Empty Vials Market Characteristics
3. Depyrogenated Sterile Empty Vials Market Trends And Strategies
4. Depyrogenated Sterile Empty Vials Market – Macro Economic Scenario
5. Global Depyrogenated Sterile Empty Vials Market Size and Growth
…..
31. Global Depyrogenated Sterile Empty Vials Market Competitive Benchmarking
32. Global Depyrogenated Sterile Empty Vials Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Depyrogenated Sterile Empty Vials Market
34. Depyrogenated Sterile Empty Vials Market Future Outlook and Potential Analysis
35. Appendix
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