by The global pharmaceutical glass tubing market plays a vital role in the pharmaceutical industry by providing glass tubes that are used to produce syringes, injection vials, cartridges, ampoules, and insulin pens among other medical devices and packaging solutions. Pharmaceutical glass tubing offers various advantages such as sterility, resilience to breakage, and compatibility with pharmaceutical formulations. Being non-reactive and non-toxic in nature, glass tubing ensures the safety and stability of drugs over the shelf life of medical products.
The Global Pharmaceutical Glass Tubing Market is estimated to be valued at US$ 8.3 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024-2031.
Rapid growth in the healthcare industry and increased government investments in medical infrastructure have been driving the demand for medical devices that incorporate Pharmaceutical Glass Tubing. Technological advancements in drug delivery systems such as prefilled syringes and autoinjectors also require specialized tubing with narrow dimensions and precision wall thickness for manufacturing.
Key Takeaways
Key players operating in the pharmaceutical glass tubing market are Schott AG, Nipro Pharma Corporation, Corning Incorporated, NEG Glass, PreCision Glass & Packaging, Shandong Pharmaceutical Glass Co., Ltd., Borosil Glass Works Ltd., Thermo Fisher Scientific, Richland Glass, Haldyn Glass Ltd., Duran Group GmbH, Epax Systems, Linuo Group Glass Products Co., Ltd., JSG Pharma, Fushan Technology, NAFEMS, Saverglass Group, Bormioli Rocco S.p.A., SGD S.A., Qorpak, Division of Berlin Packaging.
The growing demand for injectable drugs and vaccines across the globe is fueling the pharmaceutical glass tubing market. Pharmaceutical glass tubing is extensively used in the manufacturing of cartridges, syringes, and vials for packaging these drugs. The rising prevalence of chronic diseases and increasing patient population have significantly boosted the demand for injectable formulations.
Key players in the pharmaceutical glass tubing market are expanding their production facilities globally to leverage the opportunities in emerging markets. For instance, Schott established a new pharmaceutical glass tubing plant in India to address the increasing needs of local pharmaceutical companies. Rising healthcare expenditures in developing nations are encouraging international manufacturers to target Latin America and Asia Pacific through strategic expansion plans.
Market Key Trends
One of the key trends gaining traction in the pharmaceutical glass tubing market is the increasing adoption of Premium Tubing, which is tubing made from borosilicate glass. Premium tubing exhibits superior stability, durability and heat resistance compared to traditional tubing. These premium qualities enable medical device manufacturers to develop advanced drug delivery technologies such as prefilled syringes with automatic injection mechanisms and wearable drug pumps. In addition, premium tubing helps improve syringe glide forces and reduces breakage risks significantly. Leading pharmaceutical glass tubing suppliers are focusing their R&D efforts on customized premium tubing varieties to support innovations in specialty drug delivery.
Porter’s Analysis
Threat Of New Entrants: The pharmaceutical glass tubing market requires high investments for infrastructure and regulatory compliance which act as barriers for new players. However, opportunities exist for new local players in emerging markets.
Bargaining Power Of Buyers: Buyers have moderate bargaining power due to the availability of substitutes and fragmented nature of the market with presence of multiple vendors. However, compliance requirements provide some stability to the market.
Bargaining Power Of Suppliers: The suppliers have low to moderate bargaining power due to availability of several suppliers and regulated nature of raw materials.
Threat Of New Substitutes: There exist few substitutes to pharmaceutical glass tubing with each having their own advantages and limitations. Substitutes provide low to moderate threat.
Competitive Rivalry: The market is occupied by well-established players leading to high competition. Players differentiate based on quality, product development and compliance.
Geographical Regions
Europe accounts for the largest share of the global pharmaceutical glass tubing market in terms of value owing to high production and strong presence of major manufacturers. North America is the second largest market driven by large pharmaceutical industry.
Asia Pacific is expected to be the fastest growing region for pharmaceutical glass tubing market during the forecast period supported by expansion of pharmaceutical sector, increasing research investments and rapid economic development in various countries.
What Are The Key Data Covered In This Global Pharmaceutical Glass Tubing Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Pharmaceutical Glass Tubing’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Pharmaceutical Glass Tubing and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global Pharmaceutical Glass Tubing Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Pharmaceutical Glass Tubing vendors
FAQ’s
Q.1 What are the main factors influencing the Global Pharmaceutical Glass Tubing?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Pharmaceutical Glass Tubing companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Pharmaceutical Glass Tubing’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
