The global injection bottles market is anticipated to reach a valuation of US$ 8.7 billion in 2023, driven by rising healthcare expenditure. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 13.6 billion by 2033.
The injectable bottles market holds promising opportunities, particularly in the Asia Pacific region, which encompasses East Asia, South Asia, and the Pacific. Producers are set to benefit from this growing market with a projected Compound Annual Growth Rate (CAGR) of 4.4% over the analysis period. Notably, India’s increasing consumption of herbal treatments is expected to drive the demand for injectable bottles, making it a lucrative market for pharmaceutical packaging.
In Europe, the well-established pharmaceutical packaging market in Germany is likely to boost the sales of injection bottles. Meanwhile, the North American market is poised for slower growth compared to the Middle East and Africa and Asia Pacific regions.
The demand for injectable bottles is expected to rise globally, particularly in response to the increasing number of casualties and the proliferation of healthcare and personal care centers in the Middle East and Africa and Asia. With these factors in play, the injectable bottles market has a positive outlook, signifying significant growth potential in the years to come.
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One of the major factors contributing to the growth of the injection bottles market is the growing prevalence of chronic diseases, such as diabetes, cardiovascular disorders, and autoimmune conditions, which is increasing worldwide. The conditions often require long-term treatment with injectable medications, creating a sustained demand for injection bottles.
Pharmaceutical companies are continually developing innovative drug delivery systems, such as biologics, biosimilars, and novel therapies. The advancements often require specialized injection bottles to ensure the safe and efficient delivery of complex drugs, contributing to the market’s growth.
The globalization of healthcare has led to a surge in medical tourism, with patients traveling across borders to seek medical treatments. Medical tourism destinations require reliable and high-quality injection bottles to meet international standards of patient care and safety.
Key Takeaways from the Market Study
- Global injection bottles market was valued at US$ 8.4 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
- Asia Pacific is expected to hold a dominant CAGR of 4.4% during the forecast period.
- By material, plastic segment is expected to constitute a CAGR of 4.4% in 2033.
- On the basis of end-use, hospitals segment is expected to dominate the market with a CAGR of 4.4% in 2033.
- From 2023 to 2033, injection bottles market is expected to flourish at a CAGR of 4.5%.
- By 2033, the market value of injection bottles is expected to reach US$ 13.6 billion.
Increased focus on preventive healthcare, across the globe, is a major factor that is expected to propel the growth of the injection bottles market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the injection bottles market are
- Gerresheimer AG,
- SGD S.A.,
- Stölzle-Oberglas Gmbh,
- Origin Pharma Packaging,
- Jiangsu Delfu Medical Device Co. Ltd.,
- Stevanato Group,
- Baumer,
- Adelphi Group,
- Shanghai Npack Machinery Co. Ltd.,
- Rochling SE & Co. KG,
- DWK Life Sciences Ltd., and
- MycoScience,
- among others.
Recent Developments:
- In 2023, Schott AG announced the launch of its new line of injection bottles that are designed to be more heat-resistant. The new bottles can withstand higher temperatures, making them a more suitable option for applications in harsh environments.
- In 2022, West Pharmaceutical Services announced the launch of its new line of injection bottles that are designed to be more user-friendly. The new bottles are easier to apply and remove, making them a more convenient option for businesses and consumers.
- In 2021, Gerresheimer AG announced the launch of its new line of injection bottles that are designed to be more sustainable. The new bottles are made from recycled materials and are recyclable in standard paper recycling streams.
- In 2021, SGD Pharma announced the launch of its new line of injection bottles that are designed to be more durable. The new bottles are made from a stronger and more flexible material that is designed to withstand harsh environments.
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Key Segments Profiled In The Global Injection Bottles Market
By Material:
- Glass
- Plastic
By Capacity:
- Less than 50 ml
- 50-100 ml
- Above 100 ml
By End Use:
- Hospitals
- Laboratories
- Medical Institutions
- Clinical Research
- Drug Manufacturing
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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