Global Vaccine Vial Rubber Stopper Market Is Expected to Increase at a Value CAGR ~6-7%, During the Forecast Period. COVID-19 outbreak is expected to bring a Disruptive Change in Consumer Usage and Supply of the Product in the Global Market.
Global Vaccine Vial Rubber Stopper Market: Market Outlook
The COVID-19 pandemic has affected many lives, including critical challenges to front-line workers, caretakers, vaccine manufacturers, and packaging suppliers. Packaging plays a vital role in vaccine protection, transportation, and distribution. Vial sealing is a critical process that ensures sterility and leakage prevention of the final product.
Vaccine vial rubber stoppers are good in airtightness, heat resistance, alkaline and acid resistance, and high internal cleanliness. The vaccine vial rubber stoppers maintain better chemical stability and quality of the medicine. These vaccine vial stoppers are made of high-quality rubber material, which is washable, durable, reusable, and resistant to high and low temperatures. They create a significant barrier that extends the life of the material inside the bottle.
The vaccine vial rubber stoppers protect the medicines from environmental impacts, bottle closure integrity, and safety. The rubber stoppers for vaccine vials must have specific properties to seal the vaccine at high ambient and extremely low temperatures. Thus, rubber stoppers seal the vaccine doses in vials and have been mobilized as part of the global fight against the coronavirus.
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What Are the Key Market Drivers Impacting the Growth of Vaccine Vial Rubber Stopper Market?
The COVID-19 fatal disease has put the global community and the economy on the verge of downfall. With the skyrocketing demand for the vaccination around the globe, the need for vaccine vial rubber stoppers has increased tremendously. Additionally, the increasing demand for lyophilisation also raises the demand for the vaccine vial rubber stopper market.
The vaccine vial rubber stoppers have stable chemical properties, good biological safety, no pyrogenous substance, and physiological toxicity. Additionally, they have good drug compatibility and don’t absorb and mitigate when directly contacting the liquid medicines.
They avoid entering any impurities and contaminant-free protection and increase the drugs’ shelf life, leading to market growth. The vaccine vial rubber stopper market is witnessing high growth because it provides a perfect barrier against moisture, gases, and UV rays. Thus, the vaccine vial rubber stopper is anticipated a high growth.
What are the Key Challenges that may Restrain Growth of the Vaccine Vial Rubber Stopper Market?
After the COVID-19 vaccine roll out globally, the pressure is mounted on the manufacturers to distribute the vaccines quickly. Producing and supplying the millions of vaccine doses required enormous quantities of vaccine vial rubber stoppers, which few companies manufactured.
Limited production capacity, shortage of personnel, scarcity of raw material, lack of coordination, and massive manufacturing effort to produce the vaccine vial rubber stopper at an accelerated speed to cut delivery time were some of the challenges that could affect the growth of the product. The rubber stopper for vaccine doses requires Government approval as per specifications.
Therefore, the task of manufacturing billions of rubber stoppers within a few months lead time and as per the specific properties with sterilization to make it available to the public as quickly as possible could restrain the growth of the vaccine vial rubber stopper market.
are actively involved in vaccine vial rubber stopper market for different applications.
Key Asian players such as
Jinan Youlyy Industrial Co. Ltd
Fengchen Group Co.Ltd
Yantai Xinhui Packing Co.Ltd.
TonBay Industry Co.Ltd
Shandong Province Medicinal Glass Co.Ltd.
others
are actively involved in vaccine vial rubber stopper market for different applications.
What Strategies are the Key Players Adopting for Increasing their Market Share in Vaccine Vial Rubber Market?
The manufacturers involved in manufacturing vaccine vial rubber stoppers are coming up with innovations and adopting various strategies such as product launches to serve the increasing demand for the vaccine rubber stopper market.
AptarGroup, Inc. launched lyophilisation rubber stoppers for the vials to remain stable in the freeze dryer during the transfer and sublimation phases.
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Why is India a Big Market for the Vaccine Vial Rubber Stopper Market?
India is a developing country with a vast population; several vaccinations made mandatory by the Indian Government to protect infants and adults from harmful diseases. The top vaccinations such as BCG vaccine, DPT vaccine, Oral Polio vaccine, MMR vaccine, Hepatitis B vaccine are administered to the babies at birth.
Additionally, the highest growth of the pharmaceutical sector, increasing research and development in the medical field, increasing the number of chemical and pathological laboratories, raising awareness of the people towards health and hygiene during the COVID-19 pandemic could boost the growth of the vaccine vial rubber stopper market in the Indian market.
How has the COVID-19 Pandemic impacted the Vaccine Vial Rubber Stopper Market?
Due to the COVID-19 outbreak, vaccination has become the utmost priority. The vial rubber stopper market is influenced due to increasing awareness about safe, secure, durable, long-lasting, germ-free, containment-free medicine storage and delivery during the pandemic.
The vaccine vial rubber stoppers are good fitting on the bottles and no leakages, therefore no need to remove the glue plug, directly inject the culture with the injection needle. Hence, it is very convenient and easy to use during vaccination. Therefore increasing demand for sterilized and ready-to-use vaccines during the pandemic could propel vaccine vial rubber stopper market growth.
Key Segments of Vaccine Vial Rubber Stopper Market Covered in the Report
