Sterile Vials Market to Expand at CAGR of 8.4% from 2021 to 2031; Surge in Use of Hybrid Packaging Solutions to Fulfil Demand for COVID-19 Sterile Vials, States TMR Report

- Players in the global sterile vials market are focused on providing leak-proof cryopreservation vials that offer high level of sterility and deliver contaminant-free workflows

- Manufacturers are developing leak-proof cryopreservation vials in order to maintain the contaminant-free workflows and collaborating with highest quality machine suppliers to offer sterile products

News provided by

Transparency Market Research

Nov 05, 2021, 10:30 ET

ALBANY, N.Y., Nov. 5, 2021 /PRNewswire/ -- Major companies operating in the global sterile vials market are focused on increasing the production of containers that offer advanced level of oxygen and moisture barrier in comparison to polymeric containers. Such efforts are likely to drive the expansion of the global market.

A study by Transparency Market Research (TMR) projects the global sterile vials market to reach the valuation of US$ 12 Bn by 2031.

Sterile Vials Market: Key Findings

Surge in Demand for COVID-19 Sterile Vials to Boost Sales

Major enterprises from the pharmaceutical industry are increasingly concentrating on the development of coronavirus vaccines. At the same time, they are also looking for different packaging alternatives for storage, filling, and distribution of huge number of vaccines required across the globe. However, they are encountering scarcity of borosilicate glass due to the unprecedented and sudden rise in demand for sterile vials due to COVID-19 pandemic.

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The use of regular plastics for packaging of different vaccines, including coronavirus vaccines may cause compromised stability and efficacy of drugs. Therefore, major players in the global sterile vials market are increasing their

R&D activities in order to develop hybrid packaging solutions that incorporate SiO2 (Silica) Materials Science, which includes a combination of plastic and glass without their respective drawbacks.

Use of Multi-layer Extrusion Blow Molding Technology Helps in Providing Exceptional Moisture Barrier in Vials

Several market enterprises have developed innovative pharmaceutical packaging solutions intended for sterile injectables used in animals and oral liquids used for humans. Such innovations are projected to result into exceptional growth prospects in the sterile vials market.

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For instance, Honeywell International Inc. stated that it has developed Aclar Edge pharmaceutical packaging solution, which is manufactured with the firm's proprietary technology named the multi-layer extrusion blow molding technology. Surge in adoption of such innovative technologies is helping market players to achieve advanced user safety throughout administration and handling activities.

Sterile Vials Market: Growth Boosters

Growth in awareness among consumers regarding different infections and increase in number of older people across the globe are expected to boost the sales prospects in the global sterile vials market
Expansion of biologics and combination drug/device products is estimated to drive the market in the upcoming years
The market is experiencing increasing inclination toward the use of ISO complaint standard finish neck and strong packaging in vials, which can resist critical conditions throughout the lyophilization process
Government authorities of many developing countries around the world are increasing efforts to advance their healthcare facilities. This factor is expected to help in market expansion.

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Sterile Vials Market: Regional Analysis

The sterile vials market is anticipated to experience prominent growth opportunities in the North America region in the upcoming years. One of the prominent factors boosting market expansion is the presence of sufficient amount of raw materials required for medical packaging.
Surge in capital investment by prominent companies from the pharmaceutical packaging industry is boosting the expansion of the North America sterile vials market
Several enterprises from the global sterile vials market are concentrating on boosting the production of superior quality depyrogenated and sterile molded glass vials, which are in high demand across the pharmaceutical primary packaging industry

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Sterile Vials Market: Key Players

Some of the key players in the sterile vials market are:

APG Europe
Adelphi Healthcare Packaging
Corning Incorporated
Bormioli Pharma S.p.a.
DWK Life Sciences GmbH
Dalton Pharma Services
Nipro Corporation
Gerresheimer AG
Pacific Vial
O.Berk Company
Schott AG
Piramal Glass (Piramal Enterprises Ltd.)
Shandong Pharmaceutical Glass Co. Ltd.
SDG Pharma
Stevanato Group
SiO2 Materials Science
West Pharmaceutical Services, Inc.
Thermo Fisher Scientific, Inc.

Sterile Vials Market Segmentation

Product

Sterile Empty Vial

Sterile Evacuated Vial
Sterile Nitrogen Filled Vial
Sterile Air Filled Vial

Sterile Liquid Filled Vial

Sterile Saline Filled Vial
Sterile Media Filled Vial
Sterile Water Filled Vial

Individual Sterilized Components (ISCs)

Volume

<2ml
2 ml to 5 ml
5 ml to 10 ml
10 ml to 20 ml
>20ml

Material

Glass
Plastic

End User

Clinical Labs
Compounding Labs
Biopharmaceutical Companies
CMOs
Others

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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