Depyrogenated Sterile Empty Vials Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Depyrogenated Sterile Empty Vials Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The depyrogenated sterile empty vials market size has grown strongly in recent years. It will grow from $3.52 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to 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.

The depyrogenated sterile empty vials market size is expected to see strong growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to focus on advanced drug delivery systems, increasing 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. Major trends in the forecast period include single-use technologies, biological drug development, quality by design (qbd) approaches, biodegradable and sustainable materials, digitalization in supply chain management, smart packaging technologies, advancements in aseptic filling technologies, collaborations and partnerships, .

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Market Drivers and Trends:

The rise in geriatric population is expected to propel the growth of the depyrogenated sterile empty vials market going forward. Geriatric population referred to as the elderly or senior population of individuals aged with 65 years and older. Depyrogenated sterile empty vials are used in geriatric population for ensuring medication safety and preventing infections to minimize the risk of pyrogenic reactions, which can cause fever and other adverse effects, especially in older individuals. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, Globally, 1 in 6 people will be 60 or older by 2030, and there will be a double amount of individuals in this age group (2.1 billion) by 2050. Additionally, for instance, in June 2021, according to the UK Parliament's House of Commons Library, a UK-based information resource, By 2043, there will be a rise in the senior population in the UK, which will make up 24% of the total population (17.4 million people). Therefore, the rise in geriatric population is driving the growth of the depyrogenated sterile empty vials market.

Technological advancements have emerged as a key trend gaining popularity in the depyrogenated sterile empty vials market. Major companies operating in the depyrogenated sterile empty vials market are focused on incorporating advanced technologies in depyrogenated sterile empty vials for better quality and to sustain their position in the market. For instance, in October 2021, Gerresheimer, a Germany-based manufacturer of pharmaceutical packaging launched Gx RTF injection vials at the Pharmapack, an event for pharmaceutical packaging, drug delivery, medical devices, and machinery in Paris, France. The advanced vails are built from type I borosilicate glass and fulfill all current ISO standards and pharmacopeia criteria (USPh and Ph. Eur.). These are made in compliance with cGMP, then washed, put in trays, and sterilized. These are provided in various qualities such as Gx Elite, Gx Armor, and Gx Pharma Plus to satisfy industry quality requirements. These vials feature various filling and sealing technologies, and possible packaging options to provide sterile delivery, the highest quality standards, flexibility, and a simplified fill-and-finish process.

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Major Key Players of the Market:

APG Pharma, Corning Inc., DWK Life Sciences, Nipro PharmaPackaging, Schott AG, Thermo Fisher Scientific, Gerresheimer AG, Radpharm Scientific, Stevanato Group, SGD Pharma, VWR International LLC, Merck KGaA, SiO2 Materials Science, Sigma-Aldrich, Shandong Pharmaceutical Glass Co. Ltd., Berry Global Inc., West Pharmaceutical Services Inc., Ompi Srl, AptarGroup Inc., Pacific Vial Manufacturing Inc., Adelphi Healthcare Packaging Limited, Acme Vial and Glass Company LLC, Amposan S.A., Akey Group LLC, BMT Corporation, Cangzhou Four Stars Glass Co. Ltd., Ciron Drugs & Pharmaceuticals Pvt. Ltd., Zhejiang Pharmaceutical-Packaging Co. Ltd., Verpakkingsindustrie B.V., Sisma S.p.A.

Depyrogenated Sterile Empty Vials Market 2024 Key Insights:

• The depyrogenated sterile empty vials market size is expected to see strong growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Surge In Infectious Diseases Drives Growth Of Depyrogenated Sterile Empty Vials Market
• Gerresheimer Unveils Gx Rtf Injection Vials Elevating Depyrogenated Sterile Empty Vials Market With Cutting-Edge Technology
• North America was the largest region in the depyrogenated sterile empty vials market in 2023

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