Global Covid-19 Vaccine Packaging and Delivery Devices Market is estimated to be US$ 275.1 million by 2030 with a CAGR of 4.0% during the forecast period

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Published Date: June 2021

The Global Covid-19 Vaccine Packaging and Delivery Devices market accounted for US$ 186.4 million in 2020 and is estimated to be US$ 275.1million by 2030 and is anticipated to register a CAGR of 4.0%. COVID-19 vaccines are packed in multidose glass vials, just like many other pharmaceutical liquid formulations. The distribution will require adequate packing to avoid waste. These vaccines must be packaged, shipped, and delivered in a sterile environment. In addition, adding COVID-19-related products on the list of vital commodities to combat COVID-19 could help to decrease long clearance delays for such things, resulting in a rapid expansion of the market.

The report " Global COVID-19 Vaccine Packaging and Delivery Devices Market, By Product (Syringes and Vials), By Packaging (Insulated containers, Insulated shippers and Refrigerants), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

AstraZeneca will collaborate with IDT Biologika to develop a new production facility in Germany in February 2021. IDT biology is a contract research company based in Germany that also produces and fills glass vials.
In July 2020, BD signed an agreement with the US government to deliver an additional 140 million injection devices, bringing the total order from BD to 190 million. At the same time, the Canadian government increased their injectable device order by $75 million.

Analyst View:

Accelerating rollouts, expanded production capacity, and a significant number of vaccines in the final stages of clinical approval are all expected to propel the COVID-19 vaccine packaging and delivery device market to new heights. Manufacturers are increasing their manufacturing capacity in order to meet rising global demand. As production capacity expands, demand for packaging materials is expected to climb. The rate at which the virus evolves into more infectious strains is predicted to boost vaccination demand, resulting in market expansion.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global COVID-19 Vaccine Packaging and Delivery Devices Market, By Product (Syringes and Vials), By Packaging (Insulated containers, Insulated shippers and Refrigerants), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

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Key Market Insights from the report:

The Global Covid-19 Vaccine Packaging and Delivery Devices Market accounted for US$ 186.4 million in 2020 and is estimated to be US$ 275.1 million by 2030 and is anticipated to register a CAGR of 4.0%. The Global Covid-19 Vaccine Packaging and Delivery Devices Market is segmented based on the product, packaging, and region.

By Product, the Global Covid-19 Vaccine Packaging and Delivery Devices Market is segmented into Syringes and Vials.
By Packaging, the Global Covid-19 Vaccine Packaging and Delivery Devices Market is segmented into Insulated containers, Insulated shippers and Refrigerants.
By Region, the Global Covid-19 Vaccine Packaging and Delivery Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global covid-19 vaccine packaging and delivery devices market.

Competitive Landscape:

The key players operating in the Global Covid-19 Vaccine Packaging and Delivery Devices market includes Terumo, NIPRO Medical Corporation, SCHOTT AG, Gerresheimer AG, Cardinal Health, BD, B. Braun Melsungen AG, Hindustan Syringes & Medical Devices Ltd and Others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning.
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.