The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Depyrogenated Sterile Empty Vials Global Market Report 2024, the depyrogenated sterile empty vials market is expected to show significant growth in the forecast period.

The depyrogenated sterile empty vials market has witnessed robust growth, surging from $3.52 billion in 2023 to $3.73 billion in 2024 at a noteworthy CAGR of 6.1%. A closer look at the factors driving this expansion reveals a confluence of elements such as the rise in pharmaceutical manufacturing, stringent regulatory standards, and a growing emphasis on drug stability and purity.

Charting the Future: 2024 and Beyond
Projections for the future indicate even more promising prospects. The market size is expected to soar to $4.88 billion in 2028, with a CAGR of 6.9%. Anticipated drivers include an increased focus on advanced drug delivery systems, a growing emphasis on container closure integrity, and the expansion of biomanufacturing facilities.

Key Growth Factors in Historic Period

• Rise in pharmaceutical manufacturing
• Stringent regulatory standards
• Focus on drug stability and purity
• Increase in contract manufacturing
• Expansion of clinical trials
• Introduction of high-value biologics
• Focus on patient safety
• Shift towards ready-to-use components

Anticipated Growth Drivers in Forecast Period

• Advanced drug delivery systems
• Regulatory emphasis on container closure integrity
• Rise in personalized medicine approaches
• Expansion of biomanufacturing facilities
• Focus on sustainable packaging
• Digitalization of supply chain management
• Demand for high-value oncology drugs

Geriatric Population Surge Drives Demand For Depyrogenated Sterile Empty Vials
The burgeoning geriatric population is poised to be a significant driver of growth for the depyrogenated sterile empty vials market. With a global projection of 1 in 6 people being 60 or older by 2030, the need for medication safety and infection prevention in older individuals is more crucial than ever. In the UK, it is anticipated that 24% of the total population (17.4 million people) will be classified as senior citizens by 2043. This demographic shift underscores the critical role depyrogenated sterile empty vials play in ensuring the well-being of the elderly.

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Innovations Spearheaded by Industry Giants
Market Leaders and Innovations
Major players in the depyrogenated sterile empty vials market, including APG Pharma, Corning Inc., and Thermo Fisher Scientific, are leading the charge in innovation. Products such as Ready-to-Use (RTU) sterile 100 ml molded glass vials are a testament to their commitment to staying at the forefront of the industry.

SGD Pharma’s Stride in Safer Packaging
In a bid to enhance safety in large-volume drug packaging, SGD Pharma launched Ready-to-Use (RTU) sterile 100 ml molded glass vials in March 2022. This innovative product boasts no glass-to-glass contact, reducing particle generation and ensuring patient safety. Compatible with various injectable applications, it undergoes sterility and depyrogenation processes, guaranteeing the vials’ freedom from contaminants.

Strategic Collaborations for Market Expansion
ALK-Abelló and Galenova Alliance
In June 2023, ALK-Abelló, Inc., a Denmark-based pharmaceutical company specializing in sterile empty vials, forged a strategic partnership with Galenova Inc., a Canada-based pharmaceutical product provider. This alliance aims to supply reliable, high-quality glass vials to pharmacies and hospitals across Canada, underscoring the global nature of the depyrogenated sterile empty vials market.

Segmentation Insights
Product Segmentation

1. 2 ML
2. 5 ML
3. 10 ML
4. 20 ML
5. 20 ML

Packaging Segmentation

1. Glass
2. Plastic

End-User Segmentation

1. Clinical Labs
2. Compounding Labs
3. Pharmaceutical Companies
4. Contract Manufacturing Organization
5. Distributors

Regional Dominance
North America emerged as the largest region in the depyrogenated sterile empty vials market in 2023, reflecting the region’s significant contribution to the industry’s growth.

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