The U.S. Depyrogenated Sterile Empty Vials Market size is likely to reach USD 3.5 billion by
2025, according to a new report by Grand View Research, Inc., progressing at a
CAGR of 5.2% during the forecast period. Technological advancements in
pharmaceutical packaging process, growing funding by government organizations,
and flourishing biologics market in the U.S. are some of the key trends
escalating market growth. Stringent regulations laid by the government for
parenteral are also poised to augment the market.
Rising number of clinical labs
in the country is resulting in an increased number of medical and diagnostic
tests. This, in turn, is fueling the demand for depyrogenated sterile empty
vials. Increasing number of compounding laboratories and research institutes in
the U.S. is boosting the demand for these vials in the market. Moreover,
continual growth in the pharmaceutical and biotechnology industry is further
projected to drive the market.
Increasing number of
collaborations in order to achieve innovative packaging technology is also
providing an upthrust to the market. Rising incidence of infectious &
non-infectious diseases and growing number of clinical studies are translating
into a greater demand for these vials. Besides this, the government is backing
the promotion of pharmaceutical, medical, and biotechnological researches,
which is anticipated to work in favor of the market.
Further key findings from the report suggest:
- More than 20 ml depyrogenated sterile empty
vials emerged as the largest segment in terms of revenue in 2017 owing to
rising incidence of infectious & non-infectious diseases and
increasing investments in the biopharmaceutical sector
- Others, which include pharmaceutical
manufacturers and academic & research institutes, formed the most
prominent end-use segment in 2017. The growth of the segment can be
attributed to expanding base of medical & biotech research institutes
and upswing in pharmaceutical manufacturing
- Thermo Fisher Scientific, Inc.; Gerresheimer
AG; SCHOTT AG; and DWK Life Sciences are the major players operating in
the market. This market is considerably fragmented and market entry
barrier is high.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/us-depyrogenated-sterile-empty-vials-market
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