Prefilled Formalin Vials Market

Prefilled Formalin Vials Market: Contract Research Organizations End User Segment Anticipated to be the Most Attractive During the Forecast Period: Global Industry Analysis (2013-2017) & Opportunity Assessment (2018-2028)

  • 2018-11-06
  • REP-GB-7582
  • 313 pages
  • PDF PPT EXCEL
 Prefilled Formalin Vials Market

An Incisive, In-depth Analysis on the Prefilled Formalin Vials Market

This study offers a comprehensive, 360 degree analysis on the Prefilled Formalin Vials market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Prefilled Formalin Vials market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Significant Revenue Contribution of Leading Manufacturers in the Prefilled Formalin Vials Market

The prefilled formalin vials market is largely dominated by local manufactures who are competing on the basis of pricing. The fragmented nature of the prefilled formalin vials market decreases the profitability of the business. However, growing import and export of prefilled formalin vials and containers in countries such as the U.S., France, Netherlands, the U.K., China and Russia is projected to boost the growth of the global prefilled formalin vials market for different prefilled formalin products manufactured by local companies. This has increased the opportunities for global manufacturers in the prefilled formalin vials market. Companies, such as Cardinal Health, Leica Microsystems Sales GmbH, Carl Roth GmbH & Company KG, and Azer Scientific, Inc. hold more than 30% revenue share in the global prefilled formalin vials market. These companies are continuously making efforts to launch novel product lines to be used for cancer diagnostics and in forensics. Further, companies operating in prefilled formalin vials market are collaborating with local distributors/retailers to increase the penetration of their products in the prefilled formalin vials market.

Increased Preference for 90 – 500 mL Prefilled Formalin Containers from Contract Research Organizations

The 90 – 500 mL prefilled formalin vials are gaining popularity in the U.S. market. Growing incidence of cancer especially due to longer exposure to formalin at hospitals and laboratories have increased the demand for prefilled formalin vials, which limit the formalin levels. Moreover, ease of formalin usage as tissue fixative in cancer diagnostic in histopathology and ready availability of prefilled formalin vials through traditional supply chains are leading to strong adoption of prefilled formalin vials among end users. In the medical ambulatories including ambulatory surgical centres where small biopsies are performed, the problems associated with formalin usage is solved primarily by using prefilled formalin vials or tubes. Varied applications of prefilled formalin vials in healthcare industry and availability of prefilled formalin vials of different volume capacities at cheap prices is expected to lead to promising growth of the prefilled formalin vials market. Usage of ready-to-use prefilled formalin vials over the new upgraded commercial alternatives - new formalin-free fixatives also reduce the indirect cost associated with conventional laboratory-based histopathological diagnosis.

High Risk of Occupational Exposure to Formalin is Increasing Cancer Incidence across North America

Exposure of anatomists, biologists, histology technicians, botanists, medical personnel and disinfectant makers to formalin in the healthcare industry is the most common type of occupational exposure in the U.S. As per the World Health Organization (WHO), the trend of occupational exposure occurs in all workplaces in the U.S. and Europe, thus becoming the major cause of cancer and other acute diseases. Increase in the number of prefilled formalin vials in the market in order to overcome this alarming situation of occupational exposure has led to growing commercial availability of low price prefilled formalin vials and containers. Moreover, ready availability of prefilled formalin vials in different volume ranges including 90 – 500 mL vial types and 40 – 60 mL prefilled formalin vials in highest demand is also pushing other key players to be a part of the prefilled formalin vials market.

Increasing Discretionary Funding for Cancer Research

The prefilled formalin vials manufacturers are offering their products to end-use facilities through retail and distribution channels. The vertical integration strategy of such manufacturers in prefilled formalin vials market has given them a competitive edge over standard prefilled formalin vials manufacturers. Also, governments in developed countries such as the U.S. provide funds for cancer research to aid in diagnosis and treatment. Clinical trials are also funded by governments to support companies in developing effective diagnostic tests for cancer. In April 2016, the U.S. Government allocated US$ 5.2 Bn for the National Cancer Institute (NCI)—a Federal Government agency—for cancer research and training. The budget for cancer research increased by 5.3% in comparison to the last year. Clinical trials on cancer patients requiring repetitive diagnosis has been conducted by NCI in order to check cancer prognosis. Formalin finds major application in cancer research as it is used as tissue fixative to preserve biopsy samples. Thus with the increased funding in cancer research, an upsurge in the demand for prefilled formalin vials is registered in prefilled formalin vials market across globe.

Growing Impact of Cancer Awareness Programs by Governments

Government initiatives to enhance availability of cancer diagnosis and treatment is expected to fuel the growth of prefilled formalin vials market over the forecast period

On January 20, 2016, the U.S. government announced establishment of Cancer Moonshot to accelerate cancer research in the U.S. The initiative aimed to make more therapies available to the patients to improve and detect cancer at early stage, thereby increasing demand for prefilled formalin vials, elevating revenue in prefilled formalin vials market.

Cancer Prevention and Control Research Network (CPCRN)—a national network that supports cancer research and related studies—supports Screen for Life: National Colorectal Cancer Action Campaign and scientific studies to determine restraints of colorectal screening and also provides funding to state programs to implement specific colorectal cancer strategies.

Competitive Landscape

The competition section of the prefilled formalin vials market features profiles of key players operating in the market based on their shares, differential strategies, product offerings, marketing approach and company dashboard. Examples of some of the key players operating in the prefilled formalin vials market include Diapath S.p.A, Histo- Line Laboratories Srl, Cardinal Health, Inc., Leica Microsystems Sales GmbH (Leica Biosystems Nussloch GmbH), Genta Environmental Ltd., Carl Roth GmbH + Co. KG, Magnacol Ltd., Serosep Limited, Ultident Scientific and Solmedia Limited.

Cardinal Health, Inc. offers a range of products for prefilled formalin vials in different vial sizes, which include Prefilled Formalin Vials - FormClick™,  Half-filled one-click containers, Half-filled double-click containers and Half-filled formalin containers with or without seal. These prefilled formalin vials are preferred for cancer diagnostic in diagnostic laboratories, emergency medical services and other end users. These prefilled formalin vials are available in different vial packaging volume including 32 vials per pack, 50 vials per pack, 100 vials per pack and others.

The key manufacturers of prefilled formalin vials are focusing on novel marketing strategies to increase product penetration in prefilled formalin vials market. The companies offering different package size of prefilled formalin vials are concentrating on price floor strategies. These companies offer their prefilled formalin vials with lucrative discounts across different countries. Established distribution channels, such as distributors, retailers and wholesalers, are expected to be the key targets channel for local manufacturers in prefilled formalin vials market.

Definition

Methanal (formaldehyde) is commonly used as an aqueous solution, which contains 37% (w/w) methanal, known as formalin. It is usually added with small volume of methanol along with an inhibitor in order to prevent formation of long chain polymers when stored, thereby finding major application as preservative and fixative agent.

About the Report

FMI conducted a research study on prefilled formalin vials market for the forecast period 2018 to 2028. The prefilled formalin vials market report offers a comprehensive evaluation of the business opportunities prevailing in the prefilled formalin vials market along with insights on the prefilled formalin vials consumption trend, disease incidences, and awareness level for cancer diagnostic and prefilled formalin vials market competition. The report elaborates on the macroeconomic factors influencing the dynamics of prefilled formalin vials market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of prefilled formalin vials market based on product type, end user and region. The prefilled formalin vials are sold for various types of volume ranges, such as <10 mL, 10 – 20 mL, 20 – 40 mL, 40 – 60 mL, 60 – 90 mL, 90 – 500 mL, and 500 mL – 1 Litre. These prefilled formalin vials are used by distinct end-use segments in prefilled formalin vials market such as hospitals, clinics, emergency medical services, diagnostic laboratories, academic institutes, forensic laboratories, contract research organizations, veterinary clinics, veterinary laboratories and veterinary hospitals. The prefilled formalin vials are used for various type of applications, such as cancer diagnostic, forensic research and other types of veterinary diagnostics. The prefilled formalin vials market has been analysed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on prefilled formalin vials market-

  • What is the revenue potential of prefilled formalin vials across regions of North America and Western Europe?

  • Who are the key competitors and what are their portfolios in prefilled formalin vials market?

  • What are major challenges influencing the growth of the prefilled formalin vials market?

  • How intervention from regulatory authority is shaping the prefilled formalin vials market growth?

Research Methodology

The prefilled formalin vials market has been estimated based on supply-demand approach. The market was first calculated based on prefilled formalin vials consumption in different region/countries. The prefilled formalin vials volume was estimated based on the consumption of various types of prefilled formalin vials in top 20 countries globally. Other qualitative factors analysed during volume estimation for prefilled formalin vials incorporate awareness level for cancer diagnostic and others. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on prefilled formalin vials market also includes top trends and macro as well as micro economic factors shaping the prefilled formalin vials market. With this approach, the report on prefilled formalin vials market anticipates the industry attractiveness of every major segment in prefilled formalin vials over the forecast period.

A recent market study published by FMI – “Prefilled Formalin Vials Market: Global Industry Analysis 20132017 & Opportunity Assessment 20182028” – comprises a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the prefilled formalin vials market, growth prospects of the prefilled formalin vials market are obtained with maximum precision. The report features unique and salient factors that may have a huge impact on the development of the prefilled formalin vials market during the forecast period. It can help prefilled formalin vials market players to modify their manufacturing and marketing strategies to envisage maximum growth in the prefilled formalin vials market in the upcoming years. The report provides detailed information about the current and future growth prospects of the prefilled formalin vials market in the most comprehensive way for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the prefilled formalin vials market report, which includes the summary of key findings and key statistics of the prefilled formalin vials market. It also includes the market value (US$ million) estimates of the leading segments of the prefilled formalin vials market.

Chapter 2 – Market Overview

Readers can find detailed taxonomy and the definition of the prefilled formalin vials market in this chapter, which helps readers to understand the basic information about the prefilled formalin vials market dynamics, supply chain, cost structure, pricing analysis, list of key distributor and suppliers, list of key market participants in prefilled formalin vials market included in the report.

Chapter 3 – Global Prefilled Formalin Vials Market Analysis (2013-2017) & Opportunity Assessment (2018-2028), By Product Type

Based on the product type, the prefilled formalin vials market is segmented into prefilled formalin vials of different volumes including <10 mL, 10 – 20 mL, 20 – 40 mL, 40 – 60 mL, 60 – 90 mL, 90 – 500 mL, and 500 mL – 1 Litre. In this chapter, readers can find information about key trends and developments in the prefilled formalin vials market and market attractive analysis based on the product type for each region that comes in different volumes of prefilled formalin vials and containers.

Chapter 4 – Global Prefilled Formalin Vials Market Analysis (2013-2017) & Opportunity Assessment (2018-2028), By End User

Based on the End User, the prefilled formalin vials market is segmented into hospitals, clinics, emergency medical services, diagnostic laboratories, academic institutes, forensic laboratories, contract research organizations, veterinary clinics, veterinary laboratories and veterinary hospitals. In this chapter, readers can find information about key trends and developments in the prefilled formalin vials market and market attractive analysis based on end user for each region.

Chapter 5 – Global Prefilled Formalin Vials Market Analysis (2013-2017) & Opportunity Assessment (2018-2028), By Region

This chapter explains how the prefilled formalin vials market will grow across various geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

Chapter 6 – North America Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter includes detailed analysis of the growth of the North America prefilled formalin vials market along with the country-wise assessment including the U.S. and Canada. Readers can also find regional trends in prefilled formalin vials market, regulations, and region wise demand for formalin and market growth based on product type, end user and country of prefilled formalin vials in the North America region.

Chapter 7 – Latin America Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Readers can find detailed information about factors such as, prefilled formalin vials pricing analysis, and regional trends that are impacting the growth of the Latin America prefilled formalin vials market. This chapter also includes the growth prospects of the prefilled formalin vials market in leading LATAM countries such as Brazil, Mexico, Argentina, and Rest of the Latin America.

Chapter 8 – Western Europe Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Important growth prospects of the prefilled formalin vials market based on its product types, and end users in several Western European countries, such as Germany, the U.K., France, Italy, and Nordic countries is included in this chapter.

Chapter 9 – Eastern Europe Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Readers can find detailed information about prefilled formalin vials pricing analysis, regulatory framework and key competition mapping in the Eastern Europe prefilled formalin vials market in major end users in several Eastern European countries, such as Russia and Poland included in this chapter.

Chapter 10 – APEJ Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Great China, India, ASEAN, Australia and New Zealand are the leading countries in the APEJ region that are the prime subject of assessment to obtain growth prospects of the APEJ prefilled formalin vials market in this chapter. Readers can find thorough information about the growth parameters of the APEJ prefilled formalin vials market during the period 2017-2028.

Chapter 11 – Japan Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Readers can find important factors that can make a huge impact on the growth of the prefilled formalin vials market in Japan based on the market segmentation, during the forecast period. This chapter provides the overview of regulations, drivers, restraints, and trends in the Japan prefilled formalin vials market.

Chapter 12 – MEA Prefilled Formalin Vials Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter provides information on how the prefilled formalin vials market will grow in the major countries in MEA region, such as GCC Countries, Turkey, Iran, Israel, and South Africa, during the period 2017-2028.

Chapter 13 – Competition Landscape, Company Share and Company Profiles

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the prefilled formalin vials market along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Market players featured in the prefilled formalin vials report include Diapath S.p.A, Histo- Line Laboratories Srl, Cardinal Health, Inc., Leica Microsystems Sales GmbH (Leica Biosystems Nussloch GmbH), Genta Environmental Ltd., Carl Roth GmbH + Co. KG, Magnacol Ltd., Serosep Limited, Ultident Scientific and Solmedia Limited

Chapter 14 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 15 – Research Methodology

This chapter helps readers to understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the prefilled formalin vials market.

Prefilled Formalin Vials Market Reports - Table of Contents

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