MULTI DOSE DRUG VIAL ADAPTERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global multi dose drug vial adapters market is estimated to be valued at US$ 1,104.1 Mn in 2024 and is expected to exhibit a CAGR of 6.9% during the forecast period (2024-2031). Multi dose drug vial adapters are devices that allow the safe administration of medication from vials containing more than one dose. They ensure sterility of the vial before and after needle insertion, preventing contamination from exposure to the environment. The growing geriatric population worldwide, coupled with the increasing prevalence of chronic diseases like diabetes and cancer, has fueled the demand for multi-dose injectable drugs and vials. This is a key driver for the multi dose drug vial adapters market. Moreover, the risk of needlestick injuries and cross-contamination with traditional vial access methods has pushed healthcare facilities and regulatory bodies to mandate the use of safer vial access technologies like multi dose adapters. The global multi dose drug vial adapters market is expected to grow rapidly during the forecast period.
Market Dynamics:
The global multi dose drug vial adapters market is primarily driven by the growing geriatric population who are prone to chronic diseases and require frequent medication through parenteral routes of drug delivery. As per United Nations estimates, the world's senior population aged 60 years or more is projected to double from 12% to 22% between 2015 and 2050. Additionally, the risk of needlestick injuries and cross-contamination associated with traditional vial access methods has compelled regulatory authorities like OSHA to implement stringent sterility standards and safety guidelines. This has accelerated the adoption of advanced drug vial access technologies across healthcare facilities. However, pricing pressures faced by players and availability of alternative vial access solutions continue to restrain the market growth to some extent. Ongoing R&D for safer, more user-friendly adapter designs presents lucrative opportunities for players in the coming years.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
*Browse 28 market data tables and 26 figures on “Multi Dose Drug Vial Adapters Market” - Global forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients