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 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.
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.
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Major Players:
- 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.
- MycoScience
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.
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Key Segments:
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)
Competitive Landscape:
Key players in the injection bottles market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their injection bottles production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported injection bottles.
Recent Developments:
- In 2023, Baxter International Inc announced the launch of its new line of injection bottles that are designed to be more water-resistant. The new bottles can withstand exposure to water, making them a more suitable option for applications in wet environments.
- In 2023, O.Berk Manufacturing announced the launch of its new line of injection bottles that are designed to be more high-performance. The new bottles are designed to meet the demanding requirements of a variety of applications, including pharmaceutical, cosmetics, and food & beverage.
- In 2022, Nipro Corporation announced the launch of its new line of injection bottles that are designed to be more cost-effective. The new bottles are made from a lower-cost material that is still effective in a variety of applications.
- In 2022, Becton Dickinson and Company announced the launch of its new line of injection bottles that are designed to be more environmentally friendly. The new bottles are made from materials that are derived from renewable resources and are recyclable in standard paper recycling streams.
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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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