PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477323
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477323
Multi Dose Drug Vial Adapters Market, By Material Type, By Product Size, By End User, By Geography
The multi dose drug vial adapters market is estimated to be valued at USD 1,104.1 Mn in 2024 and is expected to reach USD 1,765.7 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 1,104.1 Mn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.90% | 2031 Value Projection: | US$ 1,765.7 Mn |
Multi dose drug vial adapters are devices that allow the safe administration of medication from vials containing more than one dose. They ensure sterility of the vial before and after needle insertion, preventing contamination from exposure to the environment. The growing geriatric population worldwide, coupled with the increasing prevalence of chronic diseases like diabetes and cancer, has fueled the demand for multi-dose injectable drugs and vials. This is a key driver for the multi dose drug vial adapters market. Moreover, the risk of needlestick injuries and cross-contamination with traditional vial access methods has pushed healthcare facilities and regulatory bodies to mandate the use of safer vial access technologies like multi dose adapters. The global multi dose drug vial adapters market is expected to grow rapidly during the forecast period.
Market Dynamics:
The global multi dose drug vial adapters market is primarily driven by the growing geriatric population who are prone to chronic diseases and require frequent medication through parenteral routes of drug delivery. As per United Nations estimates, the world's senior population aged 60 years or more is projected to double from 12% to 22% between 2015 and 2050. Additionally, the risk of needlestick injuries and cross-contamination associated with traditional vial access methods has compelled regulatory authorities like OSHA to implement stringent sterility standards and safety guidelines. This has accelerated the adoption of advanced drug vial access technologies across healthcare facilities. However, pricing pressures faced by players and availability of alternative vial access solutions continue to restrain the market growth to some extent. Ongoing R&D for safer, more user-friendly adapter designs presents lucrative opportunities for players in the coming years.
Key Features of the Study:
- This report provides an in-depth analysis of the global multi dose drug vial adapters market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global multi dose drug vial adapters market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include BD, B. Braun SE, Terumo Medical Corporation, Adelphi Group, Med-Vet International, West Pharmaceutical Services, Inc., ICU Medical, Helapet Ltd., Sartorius AG, Thermo Fisher Scientific Inc., Miltenyi Biotec, Randox Laboratories Ltd., West Pharmaceutical Services, Inc., Amsino International, Inc., and Medline Industries, LP.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global multi dose drug vial adapters market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global multi dose drug vial adapters market.
Detailed Segmentation-
- Material Type:
- Silicone
- Polycarbonate
- Others
- By Product Size:
- 13 mm
- 20 mm
- 28 mm
- Others
- End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
- Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- BD
- Braun SE
- Terumo Medical Corporation
- Adelphi Group
- Med-Vet International
- West Pharmaceutical Services, Inc.
- ICU Medical
- Helapet Ltd.
- Sartorius AG
- Thermo Fisher Scientific Inc.
- Miltenyi Biotec
- Randox Laboratories Ltd.
- West Pharmaceutical Services, Inc.
- Amsino International, Inc.
- Medline Industries, LP.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Material Type
- Market Snapshot, By Product Size
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Acquisitions and Partnerships Scenario
- Product Launches/Approvals
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Multi Dose Drug Vial Adapters Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 impact on the market
5. Global Multi Dose Drug Vial Adapters Market, By Material Type, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Silicone
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Polycarbonate
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Multi Dose Drug Vial Adapters Market, By Product Size, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- 13 mm
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- 20 mm
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- 28 mm
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Multi Dose Drug Vial Adapters Market, By End User, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Global Multi Dose Drug Vial Adapters Market, By Region, 2019 - 2031, (USD Mn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Regions, 2019-2031
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Size, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Size, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Size, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Size, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Size, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Size, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Mn)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Company Profiles
- BD
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- B. Braun SE
- Terumo Medical Corporation
- Adelphi Group
- Med-Vet International
- West Pharmaceutical Services, Inc.
- ICU Medical
- Helapet Ltd.
- Sartorius AG
- Thermo Fisher Scientific Inc.
- Miltenyi Biotec
- Randox Laboratories Ltd.
- West Pharmaceutical Services, Inc.
- Amsino International, Inc.
- Medline Industries, LP.
10. Analyst View
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
