The BioPharmaceutical Tubing market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights BioPharmaceutical Tubing market research report recommends a business strategy for present market participants to strengthen their position in the market.
The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Zeus Industrial Products, Saint-Gobain Performance Plastics, Teleflex, Optinova, Lubrizol Corporation, Nordson Corporation, Putnam Plastics, Tekni-Plex, RAUMEDIC AG, W. L. Gore & Associates
The Global BioPharmaceutical Tubing Market Size is Projected to Reach at a CAGR of 9.1% during 2021-2027.
- April 2020 – Corning Inc. supported China’s effort to help mitigate the impact of COVID-19 on the regional pharmaceutical supply chain by donating its Type I borosilicate glass tubing. This high-quality tubing will be converted into 5 million to 10 million ampoules and vials that will then be supplied to the Chinese pharmaceutical companies for parenteral packaging of drug therapies.
- February 2020 – Piramal Glass Ltd announced an investment of INR 300 Crores (USD 42 million) in its greenfield project in Jambusar, Gujarat, India. The expansion plan includes 1 new furnace with 7 new manufacturing lines across 300,000 sq. ft. plant, catering primarily to high-end specialty pharmaceutical markets primarily for exports to countries in Asia, Europe, and the United States.
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- The rapidly growing pharmaceutical industry across the world is boosting the growth of the market. The introduction of stringent laws to enhance the quality and integrity of domestically manufactured drugs leads to an increase in the use of glass for pharmaceutical packaging products. Additionally, the increasing demand for sterile medical packaging products from the pharmaceutical industries further drives the market’s growth during the forecast period.
- The increasing number of drugs packaged in the glass medium drives the demand for glass-based injectables and ampules. According to the World Health Organization (WHO), around 422 million people have diabetes worldwide. The increasing number further driving the demand for penicillin, thereby contributing to the growth of the market
Covid-19 Impact and Recovery Analysis:
The number one goal of this BioPharmaceutical Tubing Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this BioPharmaceutical Tubing market document.
BioPharmaceutical Tubing market Segmentation By Type:
BioPharmaceutical Tubing market Segmentation By Application:
Hospitals & Clinics
Ambulatory Surgical Centers
Key Market Trends
Vials is Expected to Witness Significant Growth in Pharmaceutical sector
- Vials are also easily recyclable and are considered eco-friendly material. This has shifted the focus of end-users from conventional containers to vials and, in turn, has created a lucrative demand for these products across the medical and healthcare sectors.
- Compared with other glass packaging products, glass vials are easy to clean, dust-resistant, and non-reactive with the fluids stored in it. Owing to its impermeability and chemical inertness for drug product stability, glass vials are used for the packaging of liquid and lyophilized drugs. Besides, their transparency provides ease of inspection. Major players in the space are focusing on delivering custom-sized vials in an eco-friendly packaging solution. This is due to a rise in specialized procedures such as ophthalmology, cardiology, orthopedics, plastic surgery, etc.
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Asia Pacific is Expected to Witness the Significant Growth in the Market
- The Healthcare and Pharmaceutical Sector in China is one of the world’s largest markets, primarily driven by ageing population. According to the National Bureau of Statistics of China, the Chinese population is estimated to grow to 1.42 billion by 2026. According to the Indian Express, approximately 50% of the total vaccine vials come from China. The region is one of the world’s largest vial producers, and with the release of COVID-19 vaccines, there has been increasing demand for glass tubing across the country.
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Significant Features and Key Highlights of the Reports:
– Detailed overview of BioPharmaceutical Tubing Market
– Changing market dynamics of the industry
– In-depth BioPharmaceutical Tubing market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of BioPharmaceutical Tubing Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
- What strategies are followed by key players to fight this Covid-19 situation?
- What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
- Which are the leading market players in the BioPharmaceutical Tubing industry?
- What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
- What could be the anticipated value of the BioPharmaceutical Tubing marketplace in the during the forecast period?
- Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the BioPharmaceutical Tubing market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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