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

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."

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
• Bharat Rubber Works
• BioPharma Solutions
• Bormioli Pharma
• Catalent
• 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
• Stevanato Group
• SureCare
• SVM Automatik
• Swissfillon
• Syntegon
• 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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