Global COVID 19 Vaccine Packaging And Delivery Devices Market Overview
The global Covid-19 vaccine packaging and delivery devices market accounted for USD 753.2 Million in 2020 and is estimated to be USD 5086.6 Million by 2030 and is anticipated to register a CAGR of 21.2%.
COVID-19 vaccines, like many other pharmaceutical liquid formulations, are packaged in multidose glass vials. To avoid waste, the distribution will require appropriate packaging. These vaccines must be carefully packaged, transported, and delivered in a sterile environment. Furthermore, including COVID-19-related products on the list of necessary commodities to combat COVID-19 could help to reduce long clearance delays for such items, resulting in the market's quick expansion. The syringes section generated the most revenue and is likely to contribute considerable value to the company's stock during the projection period. Because of their large storage capacity, clean empty syringes are favoured by industry participants for storing a single COVID-19 dose.
Global COVID 19 Vaccine Packaging And Delivery Devices Market Drivers & Restraints
Growth in business operations by emerging and small sized players
Accelerating rollouts, increased production capacity, and a large number of vaccines in the final phases of clinical approval are likely to drive the market for COVID-19 vaccine packaging and delivery devices to new heights. To accommodate the growing worldwide demand, manufacturers are increasing their production capacity. Demand for packaging materials is predicted to rise as production capacity increases. The rate at which the virus evolves into more infectious strains is expected to increase immunisation demand, pushing market growth. The market for COVID-19 vaccine packaging and delivery devices is predicted to rise as more money is invested in R&D to develop packaging materials that perform better in terms of material strength and chemical inertness.
Global COVID 19 Vaccine Packaging And Delivery Devices Market Segmentations & Regional Insights
The global Covid-19 Vaccine Packaging and Delivery Devices market is segmented based on product, packaging, and region.
On the basis of product, the Global Covid-19 Vaccine Packaging and Delivery Devices market is segmented into Syringes and Vials. Based on packaging, the target market is segmented into Insulated containers, Insulated shippers and Refrigerants.
Regional Insights:
On 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 dominated the COVID-19 vaccine packaging and delivery devices market. COVID-19 vaccine packaging and delivery devices had the second-largest revenue share in Europe in 2021. Vaccine production and packaging facilities are well-developed in the region. Over the projected period, the market for COVID-19 vaccine packaging and delivery devices in Asia Pacific is predicted to develop at the quickest rate.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Product- Syringes and Vials By Packaging–Insulated containers, Insulated shippers and Refrigerants |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Covid-19 Vaccine Packaging and Delivery Devices market report based on product, packaging and region.
Global Covid-19 Vaccine Packaging and Delivery Devices Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global COVID 19 Vaccine Packaging And Delivery Devices Market Competitive Landscape & Key Players
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.
Global COVID 19 Vaccine Packaging And Delivery Devices Market Company Profile
- Terumo
- NIPRO Medical Corporation
- SCHOTT AG
- Gerresheimer AG
- Cardinal Health
- BD
- B. Braun Melsungen AG
- Hindustan Syringes & Medical Devices Ltd
FAQs
The global covid-19 vaccine packaging and delivery devices market is segmented based on product, packaging and region.
The market for COVID-19 vaccine packaging and delivery devices is predicted to rise as more money is invested in R&D to develop packaging materials that perform better in terms of material strength and chemical inertness.
North America is expected to lead the global covid-19 vaccine packaging and delivery devices market. North America, Asia-Pacific, Europe, Latin America and Middle East & Africa are the regions covered in the report.
To accommodate the growing worldwide demand, manufacturers are increasing their production capacity. Demand for packaging materials is predicted to rise as production capacity increases.