The market for micro vials is anticipated to reach a value of US$ 2.3 billion in 2022 and grow at a CAGR of 5.6% from 2022 to 2032 to reach US$ 4.0 billion. A significant element driving the market demand for micro vials is their increasing acceptance across a variety of sectors, including chemicals, cosmetics & personal care, and healthcare.
Micro glass vial sales are forecast to increase, with the top 3 nations expected to control between 25 and 30 percent of the market by the end of 2022. The global micro vials market accounts for about 30% of the US$ 7 billion global vials market in 2021.
According to material, it is anticipated that the glass sector will continue to dominate the global market The market for micro vials is anticipated to reach a value of US$ 2.3 billion in 2022 and grow at a CAGR of 5.6% from 2022 to 2032 to reach US$ 4.0 billion. A significant element driving the market demand for micro vials is their increasing acceptance across a variety of sectors, including chemicals, cosmetics & personal care, and healthcare.
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Micro glass vial sales are forecast to increase, with the top 3 nations expected to control between 25 and 30 percent of the market by the end of 2022. The global micro vials market accounts for about 30% of the $7 billion global vials market in 2021.
According to material, it is anticipated that the glass sector will continue to dominate the global market.
Micro glass vial sales are forecast to increase, with the top 3 nations expected to control between 25 and 30 percent of the market by the end of 2022. The global micro vials market accounts for about 30% of the $7 billion global vials market in 2021.
According to material, it is anticipated that the glass sector will continue to dominate the global market.
Similar to this, governments and healthcare organizations are constantly looking for strategies to combat illness outbreaks and lessen the financial toll that they have on society.
They are now starting new programs to encourage pharmaceutical firms to boost their capacity for production as well as to create brand-new medicines through substantial research and development. Over the following ten years, this will have a favorable impact on the sales of micro vials. Through 2032, it is anticipated that increasing use of micro vials in sectors including chemicals and personal care and cosmetics will drive demand.
Key Trends Driving the Micro Vials Market:
- Precision Medicine: Growing demand for micro vials in the healthcare sector for precise dosage and drug delivery, particularly in personalized medicine.
- Pharmaceutical Advancements: Increasing drug research and development activities necessitating specialized vials for small sample sizes and high-value compounds.
- Biotechnology Boom: Expansion of the biotechnology industry, where micro vials are used for sample storage, testing, and experimentation.
- Diagnostic Innovations: Rising use of micro vials in diagnostic tests, including genetic testing, biomarker analysis, and point-of-care diagnostics.
- Drug Delivery Systems: Development of novel drug delivery systems utilizing micro vials for controlled release and targeted therapies.
- Laboratory Automation: Integration of micro vials into automated laboratory workflows for increased efficiency and accuracy.
Competitive Landscape
Key manufacturers of micro vials are employing various organic and inorganic strategies such as new product launches, mergers, acquisitions, collaborations, facility expansions, and strengthening distribution channels. Further, they are investing rigorously in research and innovations. Some of the recent developments in the market include:
- In August 2022, Gerresheimer AG expanded its manufacturing, logistics, and supply capability for its glass vials by investing US$ 94 Mn in the US production facility.
- In June 2022, Schott AG expanded its production for ready-to-use (RTD) vials in the US to meet the rising demand for vials to store injectable drugs.
- In September 2022, Stevanato Group collaborated with Gerresheimer AG for the development of an Innovative ready-to-use vial platform for the pharmaceutical industry.
Key Players:
- Gerresheimer AG
- Berry Global Group
- DWK Life Sciences
- Schott AG
- Thornton Plastics
- Sigma-Aldrich Co. LLC
- West Pharmaceutical Services, Inc.
- Adelphi Group
- Pacific Vial Manufacturing, Inc.
- SGD Pharma
- PGP Glass Private Limited
- Stevanato Group
- Origin Pharma Packaging
- Phoenix Glass
- Agilent Technologies, Inc.
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Micro Vials Market by Category
By Material:
- Glass
- Plastic
By Capacity:
- Less than 1ml
- 1 ml -3 ml
- 1 ml – 5ml
- Above 5ml
By End Use:
- Healthcare
- Cosmetics & Personal Care
- Chemicals
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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