The global sales of shell vials are estimated to be worth USD 186.1 million in 2021 and are anticipated to reach a value of USD 301.7 million by 2031. Sales are projected to rise at a CAGR of 5.0% over the forecast period between 2021 and 2031. The revenue generated by shell vials in 2020 was USD 177 million.
The pharmaceutical and biotechnology industries are the primary sources of demand for Shell Vials because both require safe and sterile packaging of sensitive drugs and biological samples. This demand for injectable drugs and vaccines is growing, and therefore the need for robust, high-quality vials that protect product integrity also heightens.
Improvement in vial manufacturing technologies, particularly in tamper-proofing and break resistance, is another strong driver of growth. Furthermore, the rise in personalized medicine and biopharmaceuticals promotes demand for specialty vials, given the nature of the respective formulations.
The set regulatory standards, along with growing concern for safety and quality, continue to bolster market growth, while an extended infrastructure for healthcare across the world presents further opportunities.
Global Shell Vials Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 177 million |
| Estimated Size, 2021 | USD 186.1 million |
| Projected Size, 2031 | USD 301.7 million |
| Value-based CAGR (2021 to 2031) | 5.0% |
Demand from biotechnology and Lifesciences is understood to be the primary end user of the product serving as a crucial consumable in testing and analysis of the desired media. Moreover, the product being used as one time disposable unit coupled with its high intake rate is particularly identified as high volume market. Glass shell vials are featured with straight sided walls to maximize the labeling space.
These seamless and tubular products are typically used for the analysis of specimens, chemicals and play a critical role in viral cultures. The product is also often used in industrial chromatography applications.
It is used for fundamental roles in some HLPC (High Performance Liquid Chromatography) processes, whose applications may include water purification, detection of impurities in pharmaceutical industries and in chromatography analysis of different compounds.
Moreover, shell vials are also essential in biotech and environmental applications. Besides routine HLPC, shell vials are also used for dry storage, dilution, auto sampling and titration applications requiring very low volumes down to microliter and millilitre.
Shell vials are used for biological assays which are used to estimate the concentration of pharmaceutically activated substances in a bulk or formulated product. These products are used as enhanced virus isolation methods which offer an increasing rate of isolation of the viruses without any compromise of the specificity.
Also as compared to traditional isolation techniques and methods, shell vials culture consumes lesser time to accomplish its task.
During the pandemic, sales of the product market skyrocketed, due to its application as a SARS-CoV-2 CPE specificity confirmation by immunofluorescence. The assay is used to measure the phenotypic consequence of viral infection and replication in the cells.
Market growth in North America is significantly driven by an increase in investments research and development, a growing number of pharmaceutical companies and preclinical activities by CROs. Growth of pharma and biotech industry in the region coupled with an expanding pool of investment attracting companies is expected to create many growth opportunities in the region.
Market growth in Europe is significantly driven by an increase in investments research and development in Lifesciences and pharmaceutical companies based in countries such as Germany, UK, France, Switzerland and Russia.
Demand from government sponsored research and academic institutes with a healthy per capita spend in infrastructure in addition to private enterprises is expected to have a profound growth rate of the market growth of shell vials in the region.
Some of the leading manufacturers and suppliers of Shell vials include
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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Shell Vials Market
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