The global pharmaceutical vials market is expected to be valued at USD 12,137.2 million in 2023 and reach a valuation of USD 24,099.7 million by 2033. The demand for pharmaceutical vials is estimated to grow at a steady 7.10% CAGR, with the United Kingdom, the USA, China, and India emerging as key producers.
The market for pharmaceutical vials has seen increased demand as a result of the rise in requirements for pharmaceutical products. Advances in pharmaceutical packaging have accelerated the adoption of environmentally friendly materials. One class of materials that has gained popularity is Type I molded glass vials, largely because of their exceptional chemical makeup.
Numerous significant developments in the healthcare sector are creating new demand potential for pharmaceutical vials. The popularity of pharmaceutical vials has also been boosted by healthcare professionals and care takers' emphasis on making sure that patients take the right dosage of medication.
The market for manufacturers in the biotechnology and pharmaceutical sectors has benefited from the demand for new formulations for chronic diseases in hospitalized patients.
Vials and ampoules are expected to grow, primarily due to increased consumption from emerging markets like China and India, as a result of the complexity of drugs and the rise in diseases like diabetes. About 422 million people worldwide have diabetes, according to the World Health Organization (WHO).
Additionally, the use of glass vials is anticipated to increase over the forecast period as a result of factors like the rise in medical care costs caused by improper medication consumption and the growing propensity of different end-users, including hospitals and drug manufacturers.
During the coronavirus outbreak, market vendors tried their best to assist as much as they could. For example, Corning provided its products, such as glass tubing for diagnostic test kits and vials for vaccine clinical drug trials, to provide corning valor glass packaging and fill the gap for the anticipated drug shortages.
Additionally, the business added glass packaging and any consumable requirements from its Life Sciences portfolio for vaccine process development.
| Attributes | Details |
|---|---|
| Pharmaceutical Vials Market CAGR (2023 to 2033) | 7.10% |
| Pharmaceutical Vials Market Size (2023) | USD 12137.2 million |
| Pharmaceutical Vials Market Size (2033) | USD 24,099.7 million |
Increasing demand for parenteral drugs has been a key factor enabling the expansion of the pharmaceutical vials market in recent years. Between 2016 and 2020, the market grew at around 8% CAGR, says Future Market Insights (FMI) in its recent report.
| Particulars | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 7.50% |
| Jan-Jun (H1), 2022 Projected (P) | 7.30% |
| Jan-Jun (H1), 2022 Outlook (O) | 7.70% |
| BPS: H1,2022 (O) - H1,2022 (P) | 20 |
| BPS: H1,2022 (O) - H1,2021 (P) | 40 |
Short-term growth (2023 to 2026): National Cancer Institute reports that in 2020, around 1.8 million new cancer cases were diagnosed in the USA. Rise of new cancer cases across the globe has further elevated the demand for pharmaceutical vials, especially for chemotherapy drugs.
In June 2021, Zydus Cadila Healthcare received tentative approval from the USA Food and Drug Administration (FDA) to market and sell pemetrexed in 100mg/vial, 500 mg/vial, and 1000 mg/vial, and single-dose vials for injection. Pemetrexed is a chemotherapy drug and is found effective in slowing or stopping the growth of cancer cells.
Medium-term growth (2027 to 2030): Unprecedented outbreak of the COVID-19 pandemic has increased the demand for parenteral drugs, encouraging market players to develop new pharmaceutical vials that are safe, sterile, and remain contamination free before administration. This is expected to create lucrative growth opportunities for the market.
Responding to the high demand for COVID-19 parenteral drugs, in 2021, SGD Pharma launched its new ready-to-use 20ml EasyLyo molded glass Type I vials packed in its modern secondary packaging format called “SG EZ-fill® Nest & Tub.”
The company claims that this new primary and secondary packaging combination is likely to offer biopharmaceutical producers the necessary flexibility in terms of delivering innovative medicines to patients at a faster rate.
Long-term growth (2031 to 2033): Increasing vaccination drives and high demand for parenteral drugs like insulin and corticosteroids are expected to drive the demand for pharmaceutical vials globally in the forthcoming decade.
Pharmaceutical vials are a type of small containers that are used for the purpose of storing liquid medications. They are made up of plastic or glass and are mainly used for unit dose packaging of medications. Pharmaceutical vials also help patients in consuming their medications in the right dosage and at the right time.
Ever since the last few decades, low medical adherence by patients has posed a critical situation for the healthcare industry as it involves the safety of the patients and causes increased healthcare spending.
To solve these issues, the healthcare industry is making constant efforts to improve the intake of medications by patients and ensure that the patients take the right dosage of drugs at the right time. In this process, the packaging of drugs and various medicines plays an important part.
Particularly in the United States, it has been reported that around 50 percent of the prescribed medications are taken incorrectly by patients. In addition, in an independent study, it was found that since patients don’t take their medications in the right manner, there are increased medical costs to the tune of USD 200 billion.
Due to this situation, there is a demand created for such kind of pharmaceutical products that contain medications in such form that can be easily taken by the patients. This helps the patients to take the right dosage of medicines at the correct time, thus reducing their time of recovery and reducing the burden on the healthcare system as well.
The demand for injectable drugs is growing due to the increasing prevalence of chronic diseases such as cancer and diabetes. As vials are a popular choice for packaging and delivering injectable drugs, this is driving the demand for pharmaceutical vials in the USA market.
There is a growing emphasis on safety and compliance in the pharmaceutical industry, driven by regulatory requirements, as well as the desire to reduce medication errors and improve patient outcomes. This is driving the demand for high-quality pharmaceutical vials that can ensure the safe and accurate delivery of medications.
Technological advancements in the production of vials, such as the use of automation and robotics, are creating new opportunities for manufacturers to produce high-quality vials at a faster rate while reducing costs. The trend toward personalized medicine is driving the demand for customized vials that can accommodate specific dosages and delivery requirements.
Overall, these factors are contributing to the growth of the pharmaceutical vials market in the United States and are expected to continue to do so in the coming years.
China is the second-largest market for pharmaceuticals globally, and it is expected to expand significantly in the upcoming years. The rising demand for medications in China is leading to an increased requirement for pharmaceutical packaging, which includes vials. There is a growing need for superior quality packaging products, including vials, as the Chinese pharmaceutical sector is developing and becoming more mature. This is because it is essential to guarantee that medications are safe and effective, and that they meet regulatory requirements.
The Chinese government has implemented policies to promote the growth of the pharmaceutical industry, such as offering tax incentives and making regulatory procedures efficient. As a result, this is making it easier for manufacturers of pharmaceutical packaging, including vials, to operate in a more favorable environment.
China's middle class is expanding, which is driving the demand for high-quality healthcare products, including medicines and packaging. This presents an opportunity for manufacturers of pharmaceutical vials to offer premium and valuable products.
The pharmaceutical vials market is expected to continue to offer lucrative opportunities, and Asia Pacific is expected to play a significant role in their expansion. Outstanding developments in the pharmaceutical manufacturing sector in emerging economies, particularly India, have prodded businesses to extend their supply chains there. Over the years, the expansion of hospitals and pharmaceutical companies in those economies has increased the regional market's potential for revenue.
India is a desirable market for pharmaceutical packaging manufacturers seeking to cut costs while maintaining high standards because it has historically had lower labor and production costs than other nations. The demand for pharmaceutical packaging, including vials, is anticipated to increase further as a result of India's expanding pharmaceutical export market, opening up new business opportunities for suppliers.
The plastic sub-segment in the material type category is anticipated to grow at a robust growth rate and register a CAGR of 5.1% during the period of assessment. This is a highly lucrative segment in the material type category.
As per the projections of Future Market Insights, the plastic sub-segment is estimated to touch a value of nearly USD 7,700 million at the end of the year 2021 and is expected to touch a value of nearly USD 12,000 million at the end of the year 2031.
The glass sub-segment is trailing the plastic sub-segment in the material type category and is projected to register a CAGR of 3.8% during the period of assessment.
The glass sub-segment is estimated to be valued at nearly USD 2,450 million in the year 2021 and is expected to touch a value of nearly USD 3,400 million at the end of the period of assessment in the year 2031.
As a result of the concentration of numerous pharmaceutical glass manufacturing businesses in developed regions like Europe and North America, these areas have well-established supply chains and production systems.
The low labor costs and expanding opportunities offered by these nations, however, are causing manufacturers to relocate their headquarters to nations like Brazil, India, and China. In these nations, the demand for pharmaceutical glass packaging is anticipated to be driven primarily by the generic sector over the forecast period.
For instance, Gennova Biopharmaceuticals, a subsidiary of Indian pharmaceutical company Emcure Pharmaceuticals, began producing the Covid-19 vaccine in February 2022. This vaccine uses mRNA technology to target the Omicron variant. The business intends to request permission from the Drug Controller General of India (DCGI) for the clinical trials of the mRNA vaccine booster shot.
Gerresheimer AG: A global manufacturer of pharmaceutical packaging and drug delivery devices, including vials made of glass and plastic. They offer a variety of services, including design, development, and manufacturing.
Schott AG: Another global company that produces high-quality glass packaging for pharmaceuticals, including vials. They also offer services such as quality control, testing, and customization.
DWK Life Sciences Inc.: A leading manufacturer of laboratory glassware and packaging products, including vials for the pharmaceutical industry. They offer a range of materials, such as glass, plastic, and hybrid vials.
Berry Global Inc.: A key player in the plastic packaging industry, including the production of vials for pharmaceuticals. They offer a range of plastic vials, including those made of PET, PVC, and HDPE.
SGD Pharma: A European company specializing in the production of glass packaging for pharmaceuticals, including vials. They offer various types of vials made of glass, including molded and tubular vials.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
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Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 11: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
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Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
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Table 27: Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
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Table 31: Europe Market Value (US$ Million) Forecast by Capacity Size, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by Capacity Size, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
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Table 38: Asia Pacific Market Volume (Units) Forecast by Material Type, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Capacity Size, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by Capacity Size, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Material Type, 2018 to 2033
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Table 47: MEA Market Value (US$ Million) Forecast by Capacity Size, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by Capacity Size, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Capacity Size, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Capacity Size, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by Capacity Size, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Capacity Size, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Capacity Size, 2023 to 2033
Figure 21: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 22: Global Market Attractiveness by Material Type, 2023 to 2033
Figure 23: Global Market Attractiveness by Capacity Size, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Capacity Size, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Capacity Size, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by Capacity Size, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Capacity Size, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Capacity Size, 2023 to 2033
Figure 45: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 46: North America Market Attractiveness by Material Type, 2023 to 2033
Figure 47: North America Market Attractiveness by Capacity Size, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Capacity Size, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Capacity Size, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by Capacity Size, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Capacity Size, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Capacity Size, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Material Type, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Capacity Size, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by Capacity Size, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by Capacity Size, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by Capacity Size, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by Capacity Size, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Capacity Size, 2023 to 2033
Figure 93: Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 94: Europe Market Attractiveness by Material Type, 2023 to 2033
Figure 95: Europe Market Attractiveness by Capacity Size, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by Capacity Size, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Capacity Size, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by Capacity Size, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Capacity Size, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Capacity Size, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Product Type, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Material Type, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by Capacity Size, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Material Type, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by Capacity Size, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Material Type, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Material Type, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Material Type, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Material Type, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by Capacity Size, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by Capacity Size, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by Capacity Size, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Capacity Size, 2023 to 2033
Figure 141: MEA Market Attractiveness by Product Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Material Type, 2023 to 2033
Figure 143: MEA Market Attractiveness by Capacity Size, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The pharmaceutical vials market is slated to attain USD 12,137.2 million in 2023.
The growth potential of the pharmaceutical vials market is 7.1% CAGR through 2033.
Surging demand for injectable drugs and increasing innovation in vial technology.
Gerresheimer AG, Schott AG, and SGD Pharma are the top market players.
Mergers and acquisitions are key strategies consolidating the key players’ position.
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Pharmaceutical Vials Market
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