Pharmaceutical vials are small bottles that are made up of plastic or glass and are used to ensure that patients take their dose of medicine in a correct quantity and in a timely manner. Pharmaceutical vials are handy in curbing medical non-adherence issues in the patients. In order to ensure that patients take their doses of drugs timely and in proper quantity as prescribed, pharmaceutical vials are used as facilitators.
Future Market Insights presents a new research report titled ‘Pharmaceutical Vials Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)’ that includes the analysis of the various segments of this market across the important regions in the world. As per this research report, the global pharmaceutical vials market is projected to grow at a moderate CAGR during the period of assessment and is poised to reach a market value of nearly US$ 15,400 Mn by 2026, the end year of the assessment of this report
The global pharmaceutical vials market is classified on the basis of product type, material type, capacity size and region.
By product type, self-standing pharmaceutical vials was the largest sub-segment in terms of value at US$ 7,050 Mn by the end of the year 2017 and is expected to exhibit a CAGR of 4.3% during the assessment period 2017-2026.
By material type, plastics was the largest sub-segment in terms of value, and is likely to be valued at nearly US$ 12,000 Mn at the end of the year 2026, with a CAGR of 5.1% during the assessment period.
By capacity size, the 1-10 ml sub-segment is the largest sub-segment in terms of value, at nearly US$ 6,700 Mn by the end of the year 2017 and is likely to exhibit a CAGR of 4.3% during the period of assessment.
By region, North America is expected to lead the global pharmaceutical vials market in terms of revenue, with a valuation of nearly US$ 3,300 Mn at the end of the year 2017. The North America region is projected to exhibit a CAGR of 3.9% during the period of forecast.
Source: GLOBE NEWSWIRE