Vials Market to hit USD 26.5 billion by 2032, says Global Market Insights Inc.
Vials industry is projected to witness a CAGR of 9.1% during the period 2024-2032. This growth can be attributed to the increased trend of outsourcing manufacturing to CDMOs.
Selbyville, Delaware, Dec. 10, 2024 (GLOBE NEWSWIRE) —
Vials
The U.S. dominates the North American vials market and is expected to continue leading the market with a projected CAGR of 8.8% in 2023. This dominance can be attributed to the country’s strong pharmaceutical and biotechnology sectors, which create a high demand for advanced packaging solutions. Significant investments in drug development, particularly in biologics and personalized medicine, emphasize the need for specialized vials that meet stringent regulatory standards while ensuring drug stability and safety.
Partial Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates & calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Rising chronic diseases and geriatric population
3.2.1.2 Rise in biologics and biosimilars
3.2.1.3 Advancements in glass technology
3.2.1.4 Increased trend of outsourcing manufacturing to CDMOs
3.2.2 Industry pitfalls & challenges
3.2.2.1 Stringent regulatory requirements
3.2.2.2 Access to alternative drug delivery methods
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Future market trends
3.6 Porter’s analysis
3.7 PESTEL analysis
Browse more medical supplies industry reports @ https://www.gminsights.com/industry-reports/medical-supplies/82
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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