November 11, 2021

Pharmaceutical Vials Market: Current Scenario and Future Trends

By Simran Kaur Pharmaceutical Packaging, Pharmaceutical Vials, SUSTAINABLE PACKAGING 0 Comments

Primary packaging material (e.g. Pharmaceutical Vials) plays a crucial role in preserving the stability, efficacy and safety of the drug as it is in direct contact with the packaged therapeutic. Additionally, primary packaging material assists in maintaining the sterility and quality of a drug product, while also providing information related to its identity and, in certain cases, dosing instructions.[1] Moreover, given the growing complexity of modern pharmacological interventions, especially biologics, it has become imperative for drug / therapy developers to re-evaluate the various packaging considerations, taking into account the evident shift from large batches of one remedy to smaller batches of more personalized therapeutic solutions.[2]^{, [3]}While there are several types of primary packaging containers, including ampoules, cartridges and syringes, available in the market for packaging and storage of various types of drug formulations, vials have been a mainstay for the storage of such drug products for many years.[4]

Pharmaceutical Vials Market: Current Scenario and Future Trends

Despite being the most preferred packaging system, traditional vials are often associated with certain challenges, including chances of breakage under extreme conditions, absence of relevant information (serial or batch number) on the package and potential to delaminate.[5]^{, [6]} As a result, several pharmaceutical vial manufacturers are exploring novel techniques to overcome the aforementioned challenges associated with conventional pharmaceutical vials in order to create better packaging solutions.

Diverse Landscape of Pharmaceutical Vials

During our research, we came across more than 90 players, which claim to offer 245+ pharmaceutical vials. As per our analysis, majority of these players are located in Europe, followed by North America.

Which Company has an Edge Over Other Companies?

With so many players in the market, it may become baffling to decide on which company would serve your purpose. With the intention to develop a deeper understanding of the overall strength of the manufacturers involved in this field and compare their existing capabilities within their respective peer groups, we carried out a company competitiveness analysis of the various stakeholders, based on company size.

Robotics in Pharmaceutical Packaging

Close to 40 players claim to provide a wide range of pharmaceutical robotic machinery, having different degrees of freedom, offering notable productivity and cost optimization opportunities.

Future Evolution of Pharmaceutical Vial Market

Driven by the growing demand of parenteral formulations and increasing vaccination programs, the pharmaceutical vials market is anticipated to grow at a CAGR greater than 5.5% in the foreseen future.