PUBLISHER: Grand View Research | PRODUCT CODE: 1363174
PUBLISHER: Grand View Research | PRODUCT CODE: 1363174
The U.S. depyrogenated sterile empty vials market size is expected to reach USD 4.20 billion by 2030, expanding at a CAGR of 4.25% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Technological advancements in the pharmaceutical packaging process, growing funding by government organizations, and flourishing biologics market in the U.S. are some of the key trends in escalating market growth. Stringent regulations laid by the government for parenteral are also poised to augment the market.
Rising number of clinical labs in the country is resulting in an increased number of medical and diagnostic tests. This, in turn, is fueling the demand for depyrogenated sterile empty vials. Increasing number of compounding laboratories and research institutes in the U.S. is boosting the demand for these vials in the market. Moreover, continual growth in the pharmaceutical and biotechnology industry is further projected to drive the market.
Increasing number of collaborations in order to achieve innovative packaging technology is also providing an upthrust to the market. Rising incidence of infectious & non-infectious diseases and the growing number of clinical studies are translating into greater demand for these vials. Besides this, the government is backing the promotion of pharmaceutical, medical, and biotechnological researches, which is anticipated to work in favor of the market.