Rising Healthcare Expenditure Driving Vials Demand

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The surging healthcare expenditure, primarily on account of soaring awareness regarding health-related issues, is expected to drive the vials market at a CAGR of 8.6% during the forecast period (2021–2030).

The outbreak of the COVID-19 infection has augmented the need for medical products in recent years. As the virus is spreading at an exponential rate, people need to vaccinate at a rapid pace in order to protect themselves from the infection. To meet the high demand for vaccines, pharmaceutical companies are heavily investing in the expansion of their production capacities. Moreover, the mushrooming focus of pharmaceutical and biotechnology companies and research organizations on discovering novel drugs to cure the COVID-19 disease will also amplify the need for vials in the foreseeable future.

Nowadays, vial manufacturers, such as Phoenix Glass LLC, Acme Vial and Glass Company LLC, SGD Pharma, Corning Incorporated, Pacific Vial Manufacturing Inc., O.Berk, Stevanato Group, Gerresheimer AG, SCHOTT AG, Hanna Instruments, and PIRAMIDA d.o.o, are preferring borosilicate glass over fused silica to produce vials, due to the impermeability, thermal stability, and chemical inertness properties of the former glass type. With the launch of COVID vaccination programs, these companies are manufacturing borosilicate vials in large quantities.

According to PS Intelligence, the European region adopted the highest quantity of vials in the recent past, due to the surging geriatric population and increasing awareness about newly developed drugs in the region. According to the European Union (EU), in 2020, more than 20.6% of the total population of the 27 member nations of the EU was aged 65 years and above. Moreover, the presence of leading vial manufacturers, such as Stevanato Group, Schott AG, SGD S.A., and Gerresheimer AG, and the high per capita income of people has also led to the high-volume consumption of vials in Europe.

Thus, the escalating cases of COVID-19, the accelerating rate of vaccination programs, and mounting healthcare expenditure of several countries will fuel the production of vials in the forthcoming years.  


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This study covers

  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the market and their service offerings
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