SEATTLE--(BUSINESS WIRE)--Sterile bottles are helpful in protecting the drugs, medical devices, and food products from getting contaminated. The sterilization of the bottles provide them with a superior microbial barrier, which makes the packaging sterile and safe.
The global sterile bottles market is expected to account for US$ 16.4 Bn, in terms of value, by the end of 2027, registering a CAGR of 5.4%.
The global sterile bottles market growth is driven by increasing demand for sterile bottles from various industries such as pharmaceutical and medical. With the emergence of Covid-19 pandemic, all the countries across the globe are focusing on enhancing their healthcare infrastructure and laboratories. This would have a direct impact on growth of the sterile bottles market. As per the health expenditure data provided by the World Bank, the current healthcare expenditure in countries such as China and India stood at 3.65% and 4.98%, respectively, of their GDP as compared to developed countries such as the U.S., which spends over 17.07% of the country’s total GDP.
The world is experiencing a rapid increase in viral infections due to increasing pollution levels. Due to this, the medical device manufacturing industries, diagnostic centers, and hospitals are concentrating on the sterile packaging of medical devices, thereby providing opportunities for growth of the sterile bottles market over the forecast period. Furthermore, ISRO plans to conduct seven mega missions in the next 10 years. For instance, the second moon mission was launched in July 2019 and the next missions for Mars and Venus are also included. These trends will boost the need for sterilized bottles in spacecraft and space missions.
The demand for sterile bottles from diagnostic laboratories declined during the Covid-19 pandemic due to lower patient volume. Diabetes testing, infectious disease testing, molecular diagnostics, and other such testing are expected to face a downtrend during this pandemic. This, in turn, is expected to hinder the market growth over the forecast period.
Request for Sample copy @ https://www.coherentmarketinsights.com/insight/request-sample/3967
Amongst the end-use industries, the pharmaceutical and biological segment holds the largest share in the global sterile bottles market. Sterile bottles are being used in medical, pharmaceutical, and science laboratories with the objective of preventing the samples and testing materials from being contaminated. The sterilization process is conducted through steaming, boiling or dry heat methods, which use high temperatures for killing the microorganisms present in the bottles. Some packaging companies also use secondary packaging such as air-sealed plastic to store bottles after sterilization, to help prevent contamination before first use.
Major players in the market are focused on partnerships, with the objective of gaining a significant market share in the existing markets and expanding their operations in new markets. For instance, in February 2019, Deltalab entered into partnership with Vantevis, a leading distributor within the healthcare industry. Through this partnership, Vantevis will be supplying the labware products including sterile bottles in Kuwait.
Major players operating in the global sterile bottles market include Avantor Fluid Handling LLC, Berlin Packaging, CELLTREAT Scientific Products, Daigger Scientific Inc., Deltalab, Fisher Scientific International, Inc., Foxx Life Sciences, Greenwood Products Inc., SciLabware Limited, Spectrum Chemical Manufacturing Corp, and Wipak Group among others.
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/3967
Fisher Scientific International, Inc.
- In April 2018, Fisher Scientific International, Inc. announced that it would present its bioprocessing technologies at its International Pharmaceutical Expo. The company would also present new rigid single-use containers portfolio including a range of high-quality sterile bottles, free from interfering chemical additives and low in particulates, minimizing contamination risk, and maintaining cleanroom and product integrity.
By Product Type:
- Aspirator Bottles
- Dilution Bottles
- Dispensing/Dropping Bottles
- Sampling/Serum Bottles
- Solution Bottles
- Reagent bottles
- More than 4,000 mL
- 4,000 mL to 1,000 mL
- 1,000 mL to 250 mL
- Less than 250 mL
By End-use Industries:
- Pharmaceuticals & Biological
- Medical & Surgical
- Food & Beverage
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.