Pharmaceutical Glass Vial Market Product Overview, Development Prospect and Forecast 2019-2028
The global pharmaceutical glass vial market is expected to register high demand in the forecoming years. Major factors driving growth of the global pharmaceutical glass vial markets, increasing incidence of chronic diseases and advantage of glass vial packaging over other type of packing for parental drug formulations. In addition, drug stability, properties such as non-reactive with drug present in vial, increased emphasis on infection control measure, growing health awareness, increasing application of glass vial in pharmaceutical industry are factors driving growth of the global pharmaceutical glass vial market.
Key driver of the global pharmaceutical glass vial market is increasing incidence of fatal diseases. In addition, glass vial is easy to clean, dust resistant, non-reactive with the drug stored in it, increase in heath expenditure, demand for effective medical procedure are the factors anticipated to propel growth of the global pharmaceutical glass vial market. However, stringent regulatory requirements by FDA, EMEA etc. for packaging of parenteral products of may restrain the growth of global pharmaceutical glass vial market.
The global pharmaceutical glass vial market report has been segmented on the basis of product type, material, and region.
On the basis of product type, the global pharmaceutical glass vial market has been segmented into screw thread glass vials, serum / specialty glass vials, sterile glass vials and others including double chamber, flip cap, sterile glass vials etc.
On the basis of material, the global pharmaceutical glass vial market has been segmented into borosilicate glass and soda-lime-silica glass. Depending upon the nature and properties of drugs, the suitable material is used to manufacture the pharmaceutical glass vial.
On the basis of region, the global pharmaceutical glass vial markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In 2017, North America pharmaceutical glass vial market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to increasing healthcare Infrastructure and rising awareness about disease in this region. However, Asia Pacific hair care market is projected to register highest CAGR in the next five years owing to rising incidence of diseases and rising application of glass vial
Key players operating in the global pharmaceutical glass vial market include Schott AG, Fusion Packaging Solutions Inc., West Pharmaceutical Services, Inc., Phoenix Glass, LLC, Gerresheimer AG, SGD SA, Stevanato Group S.p.a, Nipro Europe NV, Pacific Vial Mfg., Inc., and Adelphi Group Ltd.