Research Nester published a report titled “Pharmaceutical Glass Ampoules Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global pharmaceutical glass ampoules market in terms of market segmentation by type, capacity, drug type, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The pharmaceutical
glass ampoules market is estimated to occupy a sizeable revenue by
growing at a significant CAGR during the forecast period, i.e., 2021 – 2029,
owing to the rise of pharmaceutical industry globally and increasing preference
for injection based treatments. Apart from these, growing emergence of glass as
a cost effective and safe packaging solution is also expected to drive market
growth.
The
market is segmented by type, capacity and drug type. Based on drug type, the
segment for generic drugs is anticipated to grab the largest market share
during the forecast period on the back of increasing incidences of chronic
diseases and growing geriatric population. Furthermore, the biologic segment is
projected to grow at the highest rate, which can be credited to the capability
of biologics to treat various autoimmune diseases and cancer effectively.
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Geographically,
the pharmaceutical glass ampoules market is segmented into five major regions,
namely North America, Europe, Latin America, Asia Pacific, and the Middle East
& Africa. North America region is evaluated to occupy the largest share in
the market during the forecast period attributing to the rise in pharmaceutical
spending in the region. Moreover, the market in Asia Pacific is assessed to
grow by the highest rate in the future owing to the growing health
consciousness and hike in disposable income of people in the region.
Speedy
Growth of Pharmaceutical Industry to Expand Market
In 2019, the total revenue of this industry
was approximately USD 1.3 trillion. The pharmaceutical industry
has foreseen a tremendous growth in the past two decades. This has resulted in increasing
demand for glass ampoules in densely populated regions. Additionally, the
production of borosilicate glass material for packaging drugs has also
witnessed a hike in the recent years. These factors coupled together ae
evaluated to boost market growth in the coming years.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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However,
issues such as glass delamination, while packaging of drugs is expected to
operate as key restraint to the growth of the pharmaceutical glass ampoules
market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global pharmaceutical glass ampoules market which includes
company profiling of Corning Incorporated, SCHOTT AG, PIRAMIDA d.o.o., Gerresheimer
AG (ETR: GXI),
NIPRO Corporation (TYO: 8086),
Stevanato Group, SGD S.A., Shandong Medicinal Glass Co., Ltd. (SHA: 600529),
Ardagh Group S.A. (NYSE: ARD), and
others. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the pharmaceutical glass ampoules market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
Read
More Information@ https://www.researchnester.com/reports/pharmaceutical-glass-ampoules-market/3059
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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