Vaccine Vials Market Size | Share | Industry Analysis 2022-2028

The global vaccine vials market size was valued at USD 520.2 billion in 2021 and is poised to grow at a significant CAGR of 10.6% during the forecast period 2022-28. Vials used to store liquid medications are small, cylindrical containers made of glass called vaccine vials. They have a strong enzyme resistance and a mediocre resistance to temperature changes. They do not interact with the substance housed within because they are chemically inert as well. They are currently typically offered in single- and multi-doze variations. The multi-doze vaccination vials can be used more than once, whereas the single-doze vaccine vials are only used once.

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Vaccine Vials Market Growth Factors:
One of the key reasons influencing the demand for vaccination vials globally right now is the rising number of people with chronic illnesses and viral infections. Significant advancements in the healthcare infrastructure and medical services, together with an older population that is more susceptible to serious medical conditions, are all supporting the market's expansion. Additionally, the market is benefiting from the rise in airborne disease cases brought on by rising air pollution. Additionally, the market is expanding as a result of steps being taken by different governments to track the supply, administration, and distribution of vaccination vials.

In addition, the pharmaceutical industry's expanding expenditure for research and development (R&D) programmes to increase product effectiveness is encouraging growth in the market. Key players are also introducing vaccine vial monitors (VVMs), which use a change in colour to show whether a vaccine has been exposed to accumulated heat. These monitors also let medical professionals determine whether the vaccination has gone over a predetermined threshold beyond which it should not be utilised. In consequence, it is projected that this would offer a promising market perspective in the upcoming years.

The global vaccine vials market segmentation:
1) By Type: Single Dose, Multi Dose
2) By Material: Glass, Polymer

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Vaccine Vials Market Regional Analysis:
The US vaccine packaging industry is flourishing, and it is anticipated that throughout the projection period, the US will account for approximately 85% of the North American vaccine packaging market. By the end of 2030, the target market in the nation is expected to have increased by 2.5 times, offering an additional potential of US$ 435 Mn. The Federal Statistical Office (Destatis) estimates that Germany spent 415 billion euros, or 4,945 euros per person, on healthcare in 2020. Total health spending increased by 19.5 billion euros, or 4.5%, as compared to 2019. The market for rigid packaging containers in Europe is predicted to account for more than 25% of Germany's burgeoning vaccine packaging industry. By the end of 2030, the target nation is expected to have increased its potential by US$ 115 Mn, or three times its current worth.

Key players in the vaccine vials market report are Cardinal Health, Inc., Berlin Packaging LLC, SCHOTT Ag, Richland Glass Company, Inc., Gerresheimer AG, Thermo Fisher Scientific Inc, Catalent, Inc., Nipro Corporation, DWK Life Sciences GmbH, Vetter Pharma-Fertigung GmbH & Co. KG

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