The global sales of diagnostic vials are estimated to be worth USD 2.8 billion in 2021 and are anticipated to reach a value of USD 4.6 billion by 2031. Sales are projected to rise at a CAGR of 4.9% over the forecast period between 2021 and 2031. The revenue generated by diagnostic vials in 2020 was USD 2.7 billion.
Diagnostic vials market drivers involve growing demand for convenient, on-the-go food solutions throughout the food service and retail industries. The increasing use of takeout and delivery services increases demands put on strong and secure formats of packaging, which are able to preserve freshness and avoid leakage. Innovations related to container design, like improvements in sealing and stackability, mean a boost in functionality and appeal.
Growth in the market is also driven by the rising concern for sustainability and adaptation of eco-friendly materials, as consumers and firms are seen to switch to recyclable and biodegradable alternatives. This is further supported by the extension of prepared meal offerings and the trend for healthy, on-the-go eating. Improvement in production technologies and evolution in food packaging trends contribute to the growth of the market.
Global Diagnostic Vials Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 2.7 billion |
| Estimated Size, 2021 | USD 2.8 billion |
| Projected Size, 2031 | USD 4.6 billion |
| Value-based CAGR (2021 to 2031) | 4.9% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The vials are the small container that is used to store the content and is majorly used in pharmaceutical, cosmetic, personal care, and other industries. The diagnostic vials are the vials having a heavy wall which are ideal for freeze-drying and lyophilisation applications.
The diagnostic vials are made from tubular or molded glass or plastic material and are available in different sizes based on the requirement such as 2ml, 3ml, 5ml, 7ml, and others. Moreover, these vials are available with different cap or closure types that are meant to meet the specific storage and shipping requirements such as screw thread, cork or stopper, flip cap, and others.
These diagnostic vials protect the drug or medication content from moisture and other environmental temperature and also, are best suitable for transporting the drug or chemical or medication. The diagnostic vials helps the end-user in consuming the dosage in the right quantity which reduces the chances of human error.
Also, the diagnostic vials help in protecting the medications or drugs from getting contaminated which is the major factor leading the diagnostic vials market. Overall considering the benefits offered by diagnostic vials the demand for the same is anticipated to bolster during the forecasted period along with increasing demand for packaging in the pharmaceutical and healthcare industry as well as increasing development in drugs & medications required for diagnosis.
The main factor driving the demand for diagnostic vials is the protection offered against environmental elements. The plastic diagnostic vials are resistant to breakage as well as are non-vulnerable to corrosion which leads to increasing the shelf life of the drug or medication.
The diagnostic vials made from plastic reduces the risk of delamination. The diagnostic vials helps in marinating the purity of the drug without deteriorating the properties of the drug or medication which bolster the demand for diagnostic vial among the pharmaceutical and healthcare industries.
The rising innovation and development in drugs and medication to cure various health problems push the sales of diagnostic vials. Moreover, the diagnostic vials made from plastic or glass are recyclable which address the sustainable concern.
Increasing demand for unit-dose packaging also augments the sales of diagnostic vials among the end-users. Thus, the various characteristics of diagnostic vials are the key factors that will help in increasing the market for diagnostic vials.
Principal Consultant
The demand for drugs is increasing in various countries due to the shortage of drugs which leads to the import of drugs from other countries. This will require proper packaging to store and ship the drug or mediation and also the packaging need to be ensured that it protects the drug from various climatic and environmental elements during the transportation.
The need for safety will generate a growth opportunity for the diagnostic vials market. Also, the research in the pharmaceutical and healthcare industries are rising day by day, this also boosts the demand for diagnostic vials.
The diagnostic vials majorly are available in glass material. Also, the demand for glass diagnostic vials is more than the plastic diagnostic vials this limits the market for diagnostic vials as glass diagnostic vials require extra packaging and care while shipping and storing. This increases the cost of transportation.
The production of glass diagnostic vials require more energy and power as glass do not get melted at low temperature which increases the carbon footprint. These factors hinder the market growth of diagnostic vials.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global key players for diagnostic vials
Some of the APAC players
The key players majorly are trying to expand their capacity by investing and establishing their new plants in the existing as well as in untapped market. Along with this, the players are expanding the capacity and resources by adopting an acquisition strategy.
The key strategies adopted by some of the key manufacturing players
The increasing development in new drugs and medication in the United States to curve various health problems will boost the demand for diagnostic vials. Also, the increasing illness and diseases in the United States will push the sales of diagnostic vials.
According to National Cancer Institute, around 1 million new cancer cases were found in the United States in 2020. This rise in the number of cancer cases will raise the demand for diagnostic vials which will be used for storing and transporting the cancer drugs.
The pandemic breakout leads to the development of a new vaccine to curve the virus. The drug manufacturer is developing the vaccines which will require a diagnostic vial to store the drug and to transport it. This will generate a huge demand for diagnostic vials.
The manufacturing of vaccine is increasing to meet the demand due to the large population this lead towards the growth opportunity for the diagnostic vials market. Thus, the increasing demand for the vaccine will supplement the sales of diagnostic vials in India.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Product Type 6.3. Capacity 6.4. End-User 7. Global Market Analysis and Forecast, By Material 7.1. Glass 7.1.1. Tubular 7.1.2. Molded 7.2. Plastic 8. Global Market Analysis and Forecast, By Product Type 8.1. Round Bottom 8.2. Self-Standing 9. Global Market Analysis and Forecast, By Capacity 9.1. 0-2 ml 9.2. 3-5 ml 9.3. 6-10 ml 9.4. 11-20 ml 9.5. Above 20 ml 10. Global Market Analysis and Forecast, By End-User 10.1. Hospitals 10.2. Medical Institutes 10.3. Clinical Labs 10.4. Research Institutes 10.5. Pathology and Diagnostic Centres 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Middle East & Africa 11.7. Oceania 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Oceania Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Material, Product Type, Capacity, and End-User for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. DWK Life Sciences Ltd. 21.2. Gerresheimer AG 21.3. Origin Pharma Packaging 21.4. SDG Pharma 21.5. Adelphi Healthcare Packaging 21.6. Airnov Healthcare Packaging 21.7. Rapid Labs Limited
Explore Packaging Insights
View Reports
Diagnostic Vials Market
