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Published Date: 2017-01-19Number of Pages: 155

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

Global Vial Adaptors for Reconstitution Drug Market: Snapshot

The global market for vial adaptors for reconstitution drugs has been experiencing a steady demand as these vial adaptors have come to be the safest solutions for quick transfer for drugs between vials. The demand for these vial adaptors is also expected to shoot up as they are exceptionally cost-effective and come with a reduced the risk of needlestick injuries. The growing prevalence of infectious diseases, widening pool of geriatrics, and increasing safety concerns have all triggered a demand for vial adaptors for reconstitution drugs. According to the research report, the global vial adaptors for reconstitution drug market was valued at US$780 mn in 2015 and is expected to reach US$1.3 bn by the end of 2024. Between the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 7.5%.

vial adaptors for reconstitution drug market

Autoimmune Diseases to Drive Global Vial Adaptors for Reconstitution Drug Market

On the basis of therapeutic area, the vial adaptors for reconstitution drug market has been segmented into autoimmune diseases, infectious diseases, metabolic conditions, reproductive health and others. Currently, the infectious diseases segment holds a major share in the global vial adaptors for reconstitution drug therapeutic area segment. However, the autoimmune diseases segment is expected to show robust growth rate in the coming years. As of 2015, it was the second largest segment in the overall market in terms of revenue. The American Autoimmune Related Diseases Association (AARDA) states that more than 50 million individuals are affected by autoimmune disorders in the U.S. every year. This is expected to drive the autoimmune diseases segment in the coming years.

North America to Remain the Leading Regional Market during Forecast Period

In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Out of these regional markets, North America remained dominant in the global vial adaptors for reconstitution drug market in 2015. Europe followed this lead closely. The high incidence of autoimmune diseases, rising technological advancements, and growing demand for needle-free products likely to support the growth of the vial adaptors for reconstitution drug market in North America. On the other hand, the demand in Europe will be fueled by increasing advancements in healthcare technology amidst rising safety concerns.  

Analysts estimate that Asia Pacific is also likely to be a lucrative market for the vial adaptors for reconstitution drugs during the forecast period. The growing adoption of technology, high prevalence of autoimmune diseases such as diabetes, and increasing adoption of technology are all expected to make a significant contribution to the soaring vial adaptors for reconstitution drug market in Asia Pacific. This regional market will also be propelled by the swelling pool of geriatrics, who are prone to various medical conditions and a vast pool of unmet medical needs. The strengthening economies of Asia Pacific and improving access to healthcare in the region are also likely to augment the demand for vial adaptors for reconstitution drugs.

The key players operating in the global vial adaptors for reconstitution drug market are Baxter International Inc., Becton, Dickinson and Company, Cardinal Health, Inc., Sensile Medical AG, Unilife Corporation and West Pharmaceutical Services, Inc. The market is largely consolidated as major players hold a dominating share.

Vial Adaptors for Reconstitution Drug Market: Scope and Methodology

This report on the vial adaptors for reconstitution drug market analyzes the current and future prospects of the market globally. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.

The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn and volume in terms of million units for each segment for the period from 2014 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the global vial adaptors for reconstitution drug market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global vial adaptors for reconstitution drug market.

Market revenue in terms of US$ Mn and volume in terms of million units for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Market size estimations involved in-depth study of services and product features of different types of services. Additionally, market related factors such as increasing preference for technologically advanced services, product innovation, and increasing prevalence of cancer and other chronic diseases in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.

Vial Adaptors for Reconstitution Drug Market: Segmentation

Based on product type, the global vial adaptors for reconstitution drug market has been segmented into 13mm vial adaptor and 20mm vial adaptor. The market has been further studied from the point of view of major material. Based on material, the market has been categorized into polycarbonate, silicon, polyethylene teraphthalate glycol, polyethylene, and others. On the basis of therapeutic area, the market has been segmented autoimmune diseases, infectious diseases, metabolic conditions, reproductive health and others. On the basis of delivery mode, the market has been segmented injection and infusion.

Vial Adaptors for Reconstitution Drug Market: Geographical and Competitive Dynamics

Geographically, the global vial adaptors for reconstitution drug market has been segmented into five regions: North America, Europe, Asia Pacific, and Rest of World. In addition, the regions have been further segmented by major countries from each region. These include the U.S., Canada, the U.K., Germany, China, and Japan.

Key Players Mentioned in the Report are:

The global vial adaptors for reconstitution drug market is consolidated in which relatively small number of companies accounted for majority market share. Major players operating in the global vial adaptors for reconstitution drug market are Baxter International Inc., Becton, Dickinson and Company, Cardinal Health, Inc., Sensile Medical AG, Unilife Corporation and West Pharmaceutical Services, Inc.

The global vial adaptors for reconstitution drug market has been segmented as follows:

Global Vial Adaptors for Reconstitution Drug Market, by Product Type

  • 13mm Vial Adaptor
  • 20mm Vial Adaptor

Global Vial Adaptors for Reconstitution Drug Market, by Material

  • Polycarbonate
  • Silicon
  • Polyethylene Teraphthalate Glycol
  • Polyethylene
  • Others

Global Vial Adaptors for Reconstitution Drug Market, by Therapeutic Area

  • Autoimmune Diseases
  • Infectious Diseases
  • Metabolic Conditions
  • Reproductive Health
  • Others

Global Vial Adaptors for Reconstitution Drug Market, by Delivery Mode

  • Injection
  • Infusion

Global Vial Adaptors for Reconstitution Drug Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Rest of World


 
 
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