Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Size to Expand Lucratively and Reach $14.23 Bn to 2031 - Explained Details | Updated InsightAce Study

2023-10-25

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JERSEY CITY, N.J., Oct. 25, 2023 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on

"Global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Size, Share & Trends Analysis Report By Type of Container (Sterile Cartridges, Sterile Syringes, and Sterile Vials), Type of Closure (Caps, Plungers, Seals, Stoppers, Tip Caps / Needle Shields), Material of Fabrication (Aluminum, Glass, Plastic, and Rubber)-Market Outlook And Industry Analysis 2031."

InsightAce Analytic Pvt. Ltd

According to the latest research by InsightAce Analytic, the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market size is valued at

US$ 8.42 Bn in 2022, and it is expected to reach

US$ 14.23 Bn in 2031, recording a promising

CAGR of 6.13% during the

forecast period of 2023-2031.

The primary packaging of drugs and vaccines is important in ensuring their integrity, quality and protecting them from contaminants. Hence, sterilization is essential in pharmaceutical manufacturing because it helps maintain product safety and adhere to strict quality standards. This has increased the importance of pre-sterilized/ready-to-use containers in pharmaceutical packaging. Ready-to-use vials eliminate the need for in-house sterilization processes, reducing contamination risks and production timelines. The surging demand for safe drug delivery systems has enhanced the growth of the Pre-Sterilized/Ready to Use Pharmaceutical packaging market.

Recent advances in packaging materials and technologies have resulted in innovative solutions offering high drug compatibility, stability, and barrier properties. The advantages offered by empty sterile vials and syringes, and their increasing demand in the healthcare sector, specifically after the COVID-19 pandemic, have prompted manufacturers to implement advancements that are likely to propel the market growth during the forecast period.

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Some of the

prominent

players in the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market are:

ABB

Afton Scientific

ALK Life Science Solutions

Allergy Laboratories

AptarGroup

Aseptic Technologies

Becton Dickinson

Berkshire Sterile Manufacturing

Centor

COLANAR

Corning

Credence MedSystems

Daikyo Seiko

Dara Pharmaceutical Packaging

Datwyler Group

DENSO

Disposable-Lab (Acquired by Amatsigroup)

DWK Life Sciences

EMA Pharmaceuticals

Amatsigroup (Acquired by Eurofins CDMO)

FANUC America

GCL Pharma (Acquired by Bormioli Pharma)

Gerresheimer

Huayi Isotopes Company

IMA

ISOLAB

Jiangsu Hualan New Pharmaceutical Material

Kawasaki Heavy Industries

Klenzaids Contamination Controls

KUKA

Marchesini Group

MedCision

MedicoPack

Merck

Momentive Technologies

Muller + Muller (Acquired by DWK Life Sciences)

Nelson Labs

Nemera

Ningbo Zhengli Pharmaceutical Packaging

Nipro

OMRON Industrial Automation

Origin Pharma Packaging

Ott (Acquired by Datwyler Group)

Pall

Pfeiffer Vacuum

Pfizer

Philabundance

Prince Sterilization Services

Qingdao Huaren Medical Product

Radpharm Scientific

Retractable Technologies

Sagar Rubber

Samsung Medical Rubber

Sartorius

SCHOTT

Seiko Epson

SGD Pharma

SiO2 Materials Science

Sonata Rubber

Staubli

Steriline

Sterisets International

SVM Automatik

Tekpak

Terumo

Toxikon Europe (Acquired by Sterigenics International)

Transcoject

Triveni Polymers (Acquired by Gerresheimer)

Universal Medicap

Universal Robots

United Pharmacy Partners (UPPI)

Vaccines Manufacturing and Innovation Centre

Vanrx Pharmasystems

Vetter Pharma

VIGHNESH Rubbers

Watson-Marlow Fluid Technology Group

West Pharmaceutical Services

YangZhong Wealth Metal

Yaskawa Electric

Ypsomed

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Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Report Scope

Market Dynamics:

Drivers:

The main factors responsible for driving the Pre-Sterilized/Ready to Use Pharmaceutical packaging market are increasing preference towards patient safety and rising importance for sterility and integrity of pharmaceutical products. In addition, strict regulatory guidelines set by regulatory agencies such as the FDA and EMA play an essential role in booming the demand for pre-sterilized pharmaceutical packaging. Moreover, the complex manufacturing of advanced therapies such as cell and gene therapies led to a surge in the need for suitable containers for ATMP aseptic filling & finishing. The addition of RTU (ready-to-use) packaging into the pharmaceutical industry ensures that the product is quickly available through the optimized supply chain.

Further, the high demand for COVID-19 vaccines has boosted market growth, especially for sterile vials.

Regional Trends:

North America captured the highest revenue share of the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market in 2022 and is expected to continue its growth during the forecast period 2023-2031. This growth can be attributed to the increasing demand for pharmaceutical products, well-developed healthcare infrastructure, and rising government efforts and investments in developing pharmaceutical facilities. Besides, the Asia Pacific region is anticipated to grow faster in the next few years.

Key developments in the market:

In June 2022, Schott invested multi-Bn euros to increase sterile RTU vials production at its facility in Pennsylvania, US.

In March 2022, Stevanato expanded its vial manufacturing operations to meet the need for vaccines during the pandemic under a contract with the Biomedical Advanced Research and Development Authority (BARDA). The company has invested in expanding the production capacity for both standard RTU vials and EZ fill RTU vials.

In March 2022, SGD Pharma introduced a 100 ml ready-to-use sterile glass vial, catering to the demand for small and large sterile vials.

Market Segments

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on

Type of Container

Sterile Cartridges

Sterile Syringes

Sterile Vials

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on

Type of Closure

Caps

Plungers

Seals

Stoppers

Tip Caps / Needle Shields

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on

Material of Fabrication

Aluminum

Glass

Rubber

Plastic

Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

North America Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

U.S.

Canada

Europe Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

Germany

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

India

China

Japan

South Korea

Australia & New Zealand

Latin America Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

Brazil

Mexico

Rest of Latin America

Middle East & Africa Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market Revenue (US$ Bn) by Country, 2023 to 2031

GCC Countries

South Africa

Rest of Middle East & Africa

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Why should buy this report:

To receive a comprehensive analysis of the prospects for the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market

To receive an industry overview and future trends in the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market

To analyze the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market drivers and challenges

To get information on the Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market size value (US$ Mn) forecast till 2031

Major Investments, Mergers & Acquisitions in the global Pre-Sterilized/Ready to Use Pharmaceutical Packaging Market industry

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Pharmaceutical Packaging Market Research Report 2023

Sustainable Pharmaceutical Packaging Market Research Report 2023

Pharmaceutical Plastic Bottles Market Research Report 2023

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