A freshly compiled business intelligence study by Transparency Market Research (TMR) has detected that the shares in the global market for vial adaptors for reconstitution drugs are considerably consolidated within a handful of prominent players. The report has identified West Pharmaceutical Services, Inc., Baxter International Inc., Cardinal Health Inc., and Becton, Dickinson & Company as market leaders, dominating via their impressive product portfolio, regular geographical expansions, and strategic acquisitions. West Pharmaceuticals, a renowned name in the vial adapters market for reconstitutions drugs, offers vial adapters of 13mm or 20mm with air filter that is completely expanded PTFE membrane over non-woven polyester membrane support.
As per the estimations of the TMR report, the global vial adaptors market for reconstitution drug market will be worth US$1.3 billion by the end of 2024, with the demand expanding at an impressive CAGR of 7.5% during the forecast period of 2016 to 2024. Based on product type, the analyst of this vial adaptors market has segmented it into 20 mm and 13 mm. Material-wise, the market has been bifurcated into silicon, polyethylene, polyethylene terephthalate glycol, polycarbonate, and others. This business intelligence report has also estimated the potential of demand that can be expected out of the therapeutic areas of reproductive health, metabolic conditions, infectious diseases, autoimmune diseases, and others. The two delivery modes studied under this report are infusion and injection.
This report also represents the demand or revenue that companies of vial adaptors can gain from North America including the U.S., Europe including the U.K. and Germany, and Asia Pacific including Japan and China. For each of these regional and product segments, the report contains historical figures on how the demand has evolved in the recent past as well as growth rate during the forecast period of 2016 to 2024.
Affordability and Prevalence of Chronic Diseases Driving Demand
Cost-effectiveness of vial adapters is among the primary drivers that are providing traction to the market. As the healthcare infrastructure improves across developing countries, strong prevalence of chronic diseases are expected to meet their ideal therapies and these affordable products are expected to be used. These vials are safe in use and enable quick transfer of reconstitutions of drugs between syringes and vials. Latest technologies have enabled methods that have significantly reduced the end-user variability pertaining to conventional needles. Technologically advanced vial adaptors go a long way in reducing exposure to needle-stick injuries and decreases chances of costly overfills.
Increased number of interventional therapies for incrementing pool of geriatrics, prevalence of several infectious diseases, and growing demand for lyophilized drugs are some of the other factors anticipated to reflect positively over the market for vial adaptors for reconstruction drugs. On the other hand, complexities pertaining to customization of certain products and availability of alternatives such as auto-injectors and prefilled syringes are some of the restraints challenging this market from flourishing.
- The global vial adapters market for reconstitution drugs will breach a billion dollar valuation by 2024
- Competitive landscape is consolidated among a small group of prominent players
- Affordable cost of the products is the key driver of the market for the same
The information presented in this review is based on a Transparency Market Research report, titled, “Vial Adaptors for Reconstitution Drug Market (Products - 13mm and 20mm Vial Adaptors; Material - Polycarbonate, Silicon, Polyethylene Teraphthalate Glycol, and Polyethylene; Therapeutic Area - Autoimmune Diseases, Infectious Diseases, Metabolic Conditions, and Reproductive Health; Delivery Mode - Injection and Infusion) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
Key Segments of the Global Vial Adaptors for Reconstitution Drug Market
By Product Type
- 13mm Vial Adaptor
- 20mm Vial Adaptor
- Polyethylene Teraphthalate Glycol
By Therapeutic Area
- Autoimmune Diseases
- Infectious Diseases
- Metabolic Conditions
- Reproductive Health
By Delivery Mode
By Region and Country
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of World
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC