According to latest study, the Scintillation Vials market is anticipated to exhibit promising growth between 8% and 10 % during the projection period 2021 to 2031.
Scintillation vials permit easy UV light transmission and are light-weight, which allows increased counting efficiency. In addition, these vials help to preserve and protect the drugs and also helps in the detection of microorganisms. These particular vials are easy to clean, dust resistant, and non-reactive with the samples stored in it.
Furthermore, they are eco-friendly and also maintains hygienic conditions. They can be recycled, which can reduce the costs of waste disposal. They are made from glass which resists oxygen permeation, which prevents the drugs from degradation.
Glass vials resist the escape of volatile ingredients, thus keeping the sample in its original form. Scintillation vials are available in market are manufactured from materials such as glass, polyethylene etc., depending on need of the customers. They are available with caps and without caps based on its usage. Capped vials are the most preferred owing to its prevention from chances of spillage and contamination of samples.
The vials are extensively used in the pharmaceutical and biotech industry.
What is Driving Demand for Scintillation Vials?
Changing environmental conditions have led to an increase in health problems and diseases. Need for a safe and hygienic storage system is anticipated to drive the market for vials. The vials are growing on the backdrop of upsurge demand from several end use like biotech, life sciences, pathology, etc.
In addition, evolving pharmaceutical sector and growth in diagnostics related spending is projected to acts as a key driver for the development of these vials’ market during the forecast period.
Furthermore, increasing awareness about health concerns has led to increased checkup rates, which is driving the desired market. The desired vials can be reused and recycled, which provides an eco-friendly option and can gain attention of the consumers.
Plastic vials with caps are easy to carry and are even light weight and tough as compared to glass vials. However, government regulations for disposal of plastic waste can hamper the plastic scintillation vials market during the forecast period. Glass vials are vulnerable and can easily break thus can hinder the global vials market during the forecast period.
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Pharmaceutical and Biotech to Remain a Key Segment for the Consumption of Scintillation Vials
In the past, pharmaceutical and biotech companies dominated the vials market under the end user segment, and they will also witness the fastest growth in the usage of vials in the near future.
As these firms manufacture drugs in bulk, they require vials in large numbers. The rising demand for more-effective drugs, owing to the increasing prevalence of chronic and acute diseases, is propelling the procurement of such products by biopharma and pharma companies
US and Canada Scintillation Vials Market Outlook
In North America, U.S. is anticipated to witness significant growth for the market of these vials during the forecast period. The U.S. is currently the most-lucrative vials market on account of the expansion of its pharmaceutical industry, presence of established industry players, rise in the awareness regarding the newly launched drugs, and high spending on research and development efforts.
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Asia Pacific Demand Outlook for Scintillation Vials
In Asia Pacific region, India, China and South Asian countries are estimated to witness extensive growth for scintillation vials market. Growing biopharma research in these countries is augmenting demand from the established pharmaceutical manufacturing sector in these countries.
Increasing research & development spending in these countries is projected to further drive the market of these vials during the forecast period.
Who are the Key Manufacturers and Suppliers of Scintillation Vials?
Some of the leading manufacturers and suppliers of Scintillation Vials include
Presently, the COVID-19 pandemic is wreaking havoc on the world, with more than 151 million cases and 3 million deaths recorded thus far. This has put the healthcare and pharma sectors under immense pressure to find a cure and a way to prevent the infection.
As a result, extensive research and development (R&D) has unearthed numerous drugs, many of which have already received the regulatory approval and are now being used worldwide. Since most of these drugs are injectables, the pandemic has resulted in a demand surge for the vials market which is providing revenue generation opportunities for key vial makers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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