Global Pharmaceutical Glass Vial Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global pharmaceutical glass vial market in its upcoming report titled, “Global Pharmaceutical Glass Vial Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global pharmaceutical glass vial market is estimated to register a CAGR of XXX% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pharmaceutical glass vial market report has been segmented on the basis of product type, material, and region.

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Glass vial is used as packaging material for parenteral formulations. Glass vial are an inorganic material or mixture of materials that have been heated to a molten liquid state then cooled without crystallization to a solid state. Glass vial has numerous advantages over other primary packaging materials available in the market such as glass container can be recycled and made into new glass products, nonporous and impermeable etc. The inner surface of glass vial is treated to improve hydrolytic resistance and outer surface is treated to reduce friction or for protection against abrasion or breakage. Glass vial may be coloured to provide protection from light by the addition of small amounts of metal oxides.

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.

In the pharmaceutical industry glass vial dominant material used for the packaging of liquid and lyophilized drugs due to its impermeability and chemical inertness for drug product stability, transparency for ease of inspection, thermal stability for flexible use and processing, low extractable and leachable, and cost. The Federal Food, Drug, and Cosmetic Act monitor the need for adequate information related to packaging materials. Major player is focusing on providing customizable size vial increasing due to rise in specialized procedures in ophthalmology, cardiology, orthopaedics, plastic surgery etc. Manufacturers are inclined towards providing high-tech glasses to keep medicines fluids safe and also using eco-friendly packaging solution.

The market in North America is expected to dominate market of the global pharmaceutical glass vial market, higher spending on healthcare and presence of key industry players in the region. The market in Asia Pacific is expected to be an emerging market for pharmaceutical glass vial, owing to developing medical infrastructure and constant rise in the number of chronic disease incidence.

GLOBAL PHARMACEUTICAL GLASS VIAL MARKET SEGMENTATION:

Segmentation by product type:

• Screw thread glass vials
• Serum / Specialty glass vials
• Sterile glass vials
• Others (including double chamber, flip cap, sterile glass vials etc.)

Segmentation by material:

• Borosilicate glass
• Soda-lime-silica glass

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa