The global ampoules and vials market is expected to grow at a CAGR of 5.51% over the forecast period. The market growth for these storage solutions is majorly being driven by robust growth of healthcare and pharmaceutical industry in many regions across the globe. Increasing global population, and changing lifestyles of people, are together shaping the burden of diseases on many governments. As societies in the east continue to get influenced by the cultures of the west, uptake of unhealthy lifestyle by people is increasing. Growing geriatric population in many countries is also adding to the burden of diseases on many governments. As incidence and prevalence of diseases continues to increase, demand for drugs is also increasing. Since many drugs are very sensitive to changes in environmental conditions, they need to be stored in specialized containers which can protect their integrity and characteristics. This is increasing the demand for ampoules and vials, thus propelling the market growth. Demand for these containers is also being driven by increasing need among drug manufacturers and healthcare providers for efficient storage of drugs. Vials and ampoules allow easier storage of liquids and powders as compared to bigger bottles or containers. This has been contributing significantly to the growing demand for these containers, thus boosting their market growth. Apart from this, vials have been finding considerable applications in cosmetics sector. Perfume vials have been in trend for a fairly long time, and these continue to hold significant traction among end users. Growing manufacturing of fragrances in many countries is driving with it the sales of vials in those countries since vials remain the preferred storage solution for fragrance samples because they ensure integrity of samples while also making storage more efficient. As the growth of perfume manufacturing remains good, the sales of vials will also continue to grow, thus contributing to the market growth.
The outbreak of the novel coronavirus disease in Wuhan, China, and its getting declared a pandemic by the World Health Organization, has also been shaping the market growth significantly. As the number of patients confirmed positive with the novel coronavirus disease continues to soar, drug makers are pumping huge investments into research and development in order to find a cure to this disease. In this race to develop a reliable vaccine, drugmakers are fast-tracking clinical trials. Furthermore, millions of doses are being manufactured by such companies as part of their plan to make their vaccine available to people as soon as they get a nod from the regulatory bodies. This continuous flow of investments into drug development is increasing the demand for ampoules and vials, thus propelling the market growth.
Geographically, the global ampoules and vials market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. To give a clearer view of the market, these regional markets have been further segmented into countries which account for a considerable market share. North America and Europe together account for a significant share in the overall market. The market growth in these regions is majorly attributed to the presence of state-of-the-art research infrastructure across them. Presence of this infrastructure has been a major factor which has been accelerating the growth across sectors like pharmaceutical and cosmetics. Presence of a good number of market players in these regions is another major factor which has been contributing to the growing sales of ampoules and vials across them. Asia Pacific also accounts for a significant share in this market. Rapid growth of pharmaceutical manufacturing sector in this region, on account of easy availability of resources and presence of favourable business environment in many countries, has been contributing to the surging demand for ampoules and vials in many countries. Middle East and Africa has been witnessing a good growth of perfume manufacturing across many countries in the region. Use of vials for storing perfume samples is contributing to the sales of this storage solutions among end users, thus propelling the market growth. Decent market growth is expected in South America over the projected period. Lower cost of manufacturing in this region, as compared to that in the U.S. and many other developed economies, continues to attract investments from pharmaceutical manufacturers in this region. Since sales of ampoules and vials are closely tied to the growth of pharmaceutical manufacturing, this region is expected to continue accounting for a considerable share in the overall market throughout the projected period.
Prominent key market players in the global ampoules and vials market include SCHOTT AG, Nipro, Thermo Fisher Scientific Inc., SGD Pharma, and DWK Life Sciences GmbH among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the portfolio management systemmarket have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.