Market Report Service
Home About Us Industry Report Store Resources Contact us

Sterile Vials Market to Reach About US$ 8.89 Billion by 2030

Sterile Vials Market Research Report by Product (Sterile Empty Vials, Sterile Liquid Filled Vials, Individual Sterilized Components), By Material (Glass & Plastic Sterile Vials), By Volume, By End User& By Region – Global Insights 2023 To 2030

5/5
( 17 votes )

Categories: Pharma & Healthcare

Format : Sterile Vials Market to Reach About US$ 8.89 Billion by 2030

Sterile Vials Market Overview

“The Sterile Vials Market is estimated to increase at a CAGR of 7.35% from $ 2.45 Billion in 2023 to $ 8.89 Billion by 2030.”

Sterile vials are essential in clinical and laboratory procedures, used by medical practitioners and scientific laboratory employees in their regular operations.

Sterile Vials are small bottles used to store drugs, pharmaceuticals, and chemical compounds in laboratories. They are crucial for maintaining the legitimacy and accuracy of laboratory findings and the high sensitivity of medication consumption. Contaminated equipment can affect test results and cause dangerous drug reactions. Farris Labs adheres to this policy, ensuring the use of high-quality, sterile vials to prevent contamination and ensure the safety and accuracy of their work.

Sterilized vials require specific storage guidelines, varying depending on whether they are unopened or contain a solution, ingredient, or sample.

Long-term, unused vials- Stacking boxes of unused vials is acceptable, but avoid stacking more than one high. Excessive pressure or weight can damage the structural integrity of both sterile and unsterile vials. Keep unused vials in a dark cupboard, away from anything that may be on top.

Short-term, unused vials – Storing vials outside of their boxes and wrapping is not recommended, although it may be most convenient if you plan to use them within the next few minutes to hours.  Stack the vials in a clean spot, away from other things, until you're ready to use them.

Sterile Vials Market | Market Report Service

>>>Download Sample Report Now: https://marketreportservice.com/request-sample/sterile-vials-market-54522 

Growth Factors

The growth of sterile vial suppliers is being accelerated by increased demand from clinical labs.

The Clinical Laboratory Improvement Amendment (CLIA) issued by The Centres for Medicare & Medicaid Services (CMS) in March 2021 indicates a promising and growing US clinical laboratory industry. The CLIA covers approximately 260,000 laboratory entities, indicating the potential for sterile vial manufacturers to capitalize on the increasing demand in this area for medicine delivery, R&D, and other purposes.

Key Challenges

  • The production cycle is characterized by high laboratory expenses.
  • Additional expenses related to storage, transportation, and maintenance.
  • The use of plastics is restricted by guidelines set by governments and non-profit organizations.

Sterile Vials Market Segment Analysis

By Product

The global market is currently dominated by sterile empty vials, which are widely used in various industries. The demand for plastic and glass sterile vials is expected to increase in the near future. Other significant product groups driving sales include sterile liquid-filled vials and individual sterilised components. The demand for these vials is expected to continue growing in the coming years.

“Glass sterile valves are highly preferred due to their ability to maintain cleanliness and prevent the spread of germs.”

Glass is currently the preferred material for manufacturing sterile vials due to its numerous advantages.

  • Non-reactive
  • Cost-effective
  • Complies with the environmental laws and regulations
  • Extensive usage

The demand for glass sterile vaccination containers is expected to increase, along with the rise in the use of plastic in sterile vials.

Competitive Landscape of the Sterile Vials Market Analysis

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

New Developments

Braking News, In January 2023, Gerresheimer AG acquired the pharmaceutical packaging business of Schott AG for an undisclosed amount.

Braking News, In February 2023, Nipro Corporation acquired the pharmaceutical packaging business of Amcor plc for USD 1.1 billion.

Braking News, In March 2023, West Pharmaceutical Services, Inc. acquired the pharmaceutical packaging business of AptarGroup, Inc. for USD 6.7 billion.

Regional Analysis

Largest Market-> North America

Fastest Growing Market-> Asia Pacific

“The sales of sterile veils in the United States are primarily driven by various factors.”

The US is a significant market for sterile vials due to increasing demand from pharmaceutical applications and end-use industries. The US biopharmaceuticals industry generated over $1.3 trillion in economic production in 2015, accounting for 4% of the overall US GDP. This includes $558 billion in income from biopharmaceutical enterprises and $659 billion in supplier and labor expenditure, supporting the abundance of sterile vial vendors in the US.

“Germany's heavyweight status in sterile vial products is largely due to its high production standards and quality control measures.”

Germany has been the top pharmaceutical sector in the European Union for the past decade, with its modern clinical laboratories and biopharmaceutical sector making it a hub for businesses manufacturing sterile vials. The European Commission predicts this trend will continue, with Germany's pharmaceutical sector expected to develop exponentially in the future.

“The study explores the potential impact of China's significant pharmaceutical industry on the demand for sterile vials.”

China has dominated the Asia Pacific sterile vial industry for the past decade, driven by advanced technology and increased demand from biopharmaceutical and clinical sectors.

China's biopharmaceutical industry is expected to expand due to government measures to channel patient volumes to local medical facilities and the saturation of large hospital markets in tier-one cities, indicating significant potential for sterile vial makers in the future.

“The question is whether India will continue to be a significant market for sterile vials.”

India is a top biotechnology destination, accounting for 3% of the global sector, according to a research by Invest India. The country's biotechnology industry is predicted to reach US$ 150 billion by 2025, attracting companies in the sterile vials business due to the growing number of clinical labs and biopharmaceutical research organizations.

Segments Covered in the Sterile Vials Market Report

Product

  • Sterile Empty Vials
    • Sterile Evacuated Vials
    • Sterile Nitrogen Filled Vials
    • Sterile Air Filled Vials
  • Sterile Liquid Filled Vials
    • Sterile Saline Filled Vials
    • Sterile Media Filled Vials
    • Sterile Water Filled Vials
  • Individual Sterilized Components

Volume

  • <2 ml Sterile Vials
  • 2 ml to 5 ml Sterile Vials
  • 5 ml to 10 ml Sterile Vials
  • 10 ml to 20 ml Sterile Vials
  • >20 ml Sterile Vials

Material

  • Glass Sterile Vials
  • Plastic Sterile Vials

End User

  • Sterile Vials for Clinical Labs
  • Sterile Vials for Compounding Labs
  • Sterile Vials for Biopharmaceutical Companies
  • Sterile Vials for CMOs
  • Others

Frequently Asked Questions

What is the expected growth rate of the Sterile Vials market over the next 7 years?

Sterile Vials Market is estimated to increase at a CAGR of 7.35% from $ 2.45 Billion in 2023 to $ 8.89 Billion by 2030 | Report 2023 by published by Market Report Service

Who are the major players in the Sterile Vials market and what is their market share?

Adelphi Healthcare Packaging, APG Europe, Bormioli Pharma S.p.a., Corning Incorporated, Dalton Pharma Services, DWK Life Sciences GmbH, Gerresheimer AG, Nipro Corporation, O.Berk Company, Pacific Vial, Piramal Glass, Schott AG, SDG Pharma, Shandong Pharmaceutical Glass Co. Ltd., SiO2 Materials Science, Stevanato Group, Thermo Fisher Scientific, Inc., West Pharmaceutical Services, Inc., are prominent players operating and dominating in the market.

Who are the top 3 Sterile Vials Market Key Vendors?

Adelphi Healthcare Packaging, APG Europe, Bormioli Pharma S.p.a, are key players in the Sterile Vials market.

Which geographical areas dominate the worldwide market for Sterile Vials?

North America region are emerging as the top regional markets for Sterile Vials solutions.

Select Licence Type


Single User

US$ 2499


Multi User

US$ 3499


Corporate User

US$ 4499

Only one user can access the report. It cannot be printed or shared. Delivery in online PDF.

US $ 2499

Multiple users can access the report. It cannot be printed or shared. Delivery in online PDF.

US $ 3499

The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. Free update of the report after 1 year.

US $ 4499

Need a Discount? Get in touch with us for special pricing

Connect with our sales team