In pursuit of building a competitive edge, industry stakeholders are actively upgrading their existing capabilities and adding new competencies in order to enhance their respective product portfolios. The companies considered in this analysis have been divided into relevant peer groups (based on company size) and scored on the basis of various parameters, including types of fabrication material used for containers, types of fabrication material used for closures, types of vial caps, sterilization status, type of product, compatible drug class and type of formulation stored.
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Very large players that have received high scores, as per our proprietary scoring criteria, include (arranged in decreasing order of competitiveness score) DWK Life Sciences, SCHOTT and Gerresheimer. Amongst these players, DWK Life Sciences is currently manufacturing 34 pharmaceutical vials (glass and plastic), which are suitable for storing liquid and powder formulations; these vials are designed to be used with different vial caps, such as screw cap, crimp cap and snap cap. It is worth mentioning that the company manufactures pre-sterilized, as well as unsterilized vials. Further, SCHOTT emerged as another prominent player, engaged in the manufacturing of nine pharmaceutical vials, which are available in both treated and untreated formats; these vials are suitable for storing liquid and powder formulations, including lyophilized injectables, proteins and vaccines.
Further, in terms of the supplier strength, Stoelzle Glass Group and Bormioli Pharma emerged as the leading players, having more than 195 years of experience in this industry. It is worth highlighting that Stoelzle Glass Group is currently developing pharmaceutical vials which are fabricated using type II treated soda-lime glass and type III soda-lime glass; additionally, these vials are suitable with closures fabricated using rubber and metal. Similarly, Bormioli Pharma manufactures pharmaceutical glass vials (type II treated soda-lime and type III soda-lime), which have a capacity to hold 2 to 100 ml of pharmaceutical preparations.
One of the key objectives of the report was to estimate the existing market size and identify potential growth opportunities for pharmaceutical vials over the coming decade. Based on several parameters, such as target consumer segments, region specific adoption rates and expected prices of these products, we have provided an informed estimate on the likely evolution of the market over the period 2021-2030. The report provides sales forecasts for the overall pharmaceutical vials market, wherein both the current and upcoming opportunity is segmented across [A] type of fabrication material used (glass and plastic), [B] sterilization status (pre-sterilized and unsterilized) and [C] key geographies (North America, Europe, Asia Pacific, Middle East and North Africa, Latin America and Rest of the world). In order to account for future uncertainties and to add robustness to our model, we have provided three market forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth.
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