Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Size to Expand Lucratively and Reach $14.23 Bn to 2031 - Explained Details | Updated InsightAce Study

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Oct 25, 2023, 11:05 ET

JERSEY CITY, N.J., Oct. 25, 2023 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on "Global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Size, Share & Trends Analysis Report By Type of Container (Sterile Cartridges, Sterile Syringes, and Sterile Vials), Type of Closure (Caps, Plungers, Seals, Stoppers, Tip Caps / Needle Shields), Material of Fabrication (Aluminum, Glass, Plastic, and Rubber)-Market Outlook And Industry Analysis 2031."

InsightAce Analytic Pvt. Ltd

According to the latest research by InsightAce Analytic, the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market size is valued at US$ 8.42 Bn in 2022, and it is expected to reach US$ 14.23 Bn in 2031, recording a promising CAGR of 6.13% during the forecast period of 2023-2031.

The primary packaging of drugs and vaccines is important in ensuring their integrity, quality and protecting them from contaminants. Hence, sterilization is essential in pharmaceutical manufacturing because it helps maintain product safety and adhere to strict quality standards. This has increased the importance of pre-sterilized/ready-to-use containers in pharmaceutical packaging. Ready-to-use vials eliminate the need for in-house sterilization processes, reducing contamination risks and production timelines. The surging demand for safe drug delivery systems has enhanced the growth of the Pre-Sterilized/Ready to Use Pharmaceutical packaging market.

Recent advances in packaging materials and technologies have resulted in innovative solutions offering high drug compatibility, stability, and barrier properties. The advantages offered by empty sterile vials and syringes, and their increasing demand in the healthcare sector, specifically after the COVID-19 pandemic, have prompted manufacturers to implement advancements that are likely to propel the market growth during the forecast period.

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Some of the prominent players in the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market are:

ABB
Afton Scientific
ALK Life Science Solutions
Allergy Laboratories
AptarGroup
Aseptic Technologies
Becton Dickinson
Berkshire Sterile Manufacturing
Bharat Rubber Works
BioPharma Solutions
Bormioli Pharma
Catalent
Centor
COLANAR
Corning
Credence MedSystems
Daikyo Seiko
Dara Pharmaceutical Packaging
Datwyler Group
DENSO
Disposable-Lab (Acquired by Amatsigroup)
DWK Life Sciences
EMA Pharmaceuticals
Amatsigroup (Acquired by Eurofins CDMO)
FANUC America
GCL Pharma (Acquired by Bormioli Pharma)
Gerresheimer
Huayi Isotopes Company
IMA
ISOLAB
Jiangsu Hualan New Pharmaceutical Material
Kawasaki Heavy Industries
Klenzaids Contamination Controls
KUKA
Marchesini Group
MedCision
MedicoPack
Merck
Momentive Technologies
Muller + Muller (Acquired by DWK Life Sciences)
Nelson Labs
Nemera
Ningbo Zhengli Pharmaceutical Packaging
Nipro
OMRON Industrial Automation
Origin Pharma Packaging
Ott (Acquired by Datwyler Group)
Pall
Pfeiffer Vacuum
Pfizer
Philabundance
Prince Sterilization Services
Qingdao Huaren Medical Product
Radpharm Scientific
Retractable Technologies
Sagar Rubber
Samsung Medical Rubber
Sartorius
SCHOTT
Seiko Epson
SGD Pharma
SiO2 Materials Science
Sonata Rubber
Staubli
Steriline
Sterisets International
Stevanato Group
SureCare
SVM Automatik
Swissfillon
Syntegon
Tekpak
Terumo
Toxikon Europe (Acquired by Sterigenics International)
Transcoject
Triveni Polymers (Acquired by Gerresheimer)
Universal Medicap
Universal Robots
United Pharmacy Partners (UPPI)
Vaccines Manufacturing and Innovation Centre
Vanrx Pharmasystems
Vetter Pharma
VIGHNESH Rubbers
Watson-Marlow Fluid Technology Group
West Pharmaceutical Services
YangZhong Wealth Metal
Yaskawa Electric
Ypsomed

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Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Report Scope

Report Attribute	Specifications
Market Size Value In 2022	USD 8.42 Bn
Revenue Forecast In 2031	USD 14.23 Bn
Growth Rate CAGR	CAGR of 6.13 % from 2023 to 2031
Quantitative Units	Representation of revenue in US$ Bn and CAGR from 2023 to 2031
Historic Year	2019 to 2022
Forecast Year	2023-2031
Report Coverage	The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered	By Type of Container, Type of Closure, Material of Fabrication
Regional Scope	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope	U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia
Competitive Landscape	APG Pharma Packaging, Aptar, Daikyo Seiko, Datwyler, DWK Life Sciences, Ningbo Zhengli Pharmaceutical Packaging, Nuova OMPI (a subsidiary of Stevanato), SCHOTT, and West Pharmaceutical Services.
Customization Scope	Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.
Pricing and Available Payment Methods	Explore pricing alternatives that are customized to your particular study requirements.

Market Dynamics:

Drivers:

The main factors responsible for driving the Pre-Sterilized/Ready to Use Pharmaceutical packaging market are increasing preference towards patient safety and rising importance for sterility and integrity of pharmaceutical products. In addition, strict regulatory guidelines set by regulatory agencies such as the FDA and EMA play an essential role in booming the demand for pre-sterilized pharmaceutical packaging. Moreover, the complex manufacturing of advanced therapies such as cell and gene therapies led to a surge in the need for suitable containers for ATMP aseptic filling & finishing. The addition of RTU (ready-to-use) packaging into the pharmaceutical industry ensures that the product is quickly available through the optimized supply chain.

Further, the high demand for COVID-19 vaccines has boosted market growth, especially for sterile vials.

Regional Trends:

North America captured the highest revenue share of the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market in 2022 and is expected to continue its growth during the forecast period 2023-2031. This growth can be attributed to the increasing demand for pharmaceutical products, well-developed healthcare infrastructure, and rising government efforts and investments in developing pharmaceutical facilities. Besides, the Asia Pacific region is anticipated to grow faster in the next few years.

Key developments in the market:

In June 2022, Schott invested multi-Bn euros to increase sterile RTU vials production at its facility in Pennsylvania, US.
In March 2022, Stevanato expanded its vial manufacturing operations to meet the need for vaccines during the pandemic under a contract with the Biomedical Advanced Research and Development Authority (BARDA). The company has invested in expanding the production capacity for both standard RTU vials and EZ fill RTU vials.
In March 2022, SGD Pharma introduced a 100 ml ready-to-use sterile glass vial, catering to the demand for small and large sterile vials.

Market Segments

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Type of Container

Sterile Cartridges
Sterile Syringes
Sterile Vials

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Type of Closure

Caps
Plungers
Seals
Stoppers
Tip Caps / Needle Shields

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Material of Fabrication

Aluminum
Glass
Rubber
Plastic

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

North America Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

U.S.
Canada

Europe Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

Germany
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

India
China
Japan
South Korea
Australia & New Zealand

Latin America Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

Brazil

Mexico
Rest of Latin America

Middle East & Africa Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

GCC Countries

South Africa
Rest of Middle East & Africa

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Why should buy this report:

To receive a comprehensive analysis of the prospects for the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market
To receive an industry overview and future trends in the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market
To analyze the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market drivers and challenges
To get information on the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market size value (US$ Mn) forecast till 2031
Major Investments, Mergers & Acquisitions in the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market industry

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