Lucintel's latest market report analyzed that vial and bottle provides attractive opportunities in the research labs, clinical research, pharmaceutical companies, compounding pharmacies, hospitals, and healthcare centers. The vial and bottle market in the global healthcare industry is expected to reach $24.6 billion by 2027 with a CAGR of 4.9%. In this market, pharmaceutical is the largest segment by end use, whereas glass is largest by material. Adoption of blow-fill-seal technology in vials and bottles, growing demand for bio based and recyclable material for production of vials and bottles, and increasing adoption of advanced plastic bottles provides strategic growth path in this market.
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Based on end use, the vial and bottle market in the global healthcare industry is segmented into research labs and clinical research, pharmaceutical companies, compounding pharmacies, hospitals and healthcare centers, and others. The pharmaceuticals segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to introduction of new medicines and growth of drug production.
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The Vial and Bottle Market in the Global Healthcare Industryis marked by the presence of several big and small players. Some of the prominent players offering vial and bottle include Gerresheimer, Schott, Nipro, Amcor, Becton Dickinson & Co., Berry Global, Baxter International, Corning, West Pharmaceutical, AptarGroup, and O.Berk.
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