SEATTLE, May 11, 2021, (MEDGADGET) — Overview:
Pharmaceutical liquids, syrup, parenteral preparations, and other products are packaged with seals and caps as the closure. The main aim of these seals and caps is to prevent the contamination and keep the contents secure.
The global IV infusion bottle seals & caps market size is expected to be valued around US$ 104.3 million in 2020 and is expected to register a CAGR over 2.6% during the forecast period (2020-2027).
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Drivers:
Rising incidence of chronic diseases is expected to drive the global IV infusion bottle seals & caps market growth during the forecast period.
Growing demand for IV infusion products is expected to propel the global IV infusion bottle seals & caps market growth during the forecast period due to rising incidences of chronic diseases. For instance, in 2017, according to a report by World Health Organization (WHO), chronic diseases are the leading cause of disability around the world. Furthermore, 73% of deaths in 2020 is expected to be due to chronic diseases. However, cardiovascular, cancer, pulmonary, and type 2 diabetes are four of the most common chronic diseases.
Furthermore, according to the World Health Organization (WHO), around 18.1 million cancer cases and over 9.6 million deaths were registered globally in 2018. Several factors, including population growth and geriatric population, are contributing to growing cancer cases.
Growing private equity company investments are expected to drive growth of the global IV infusion bottle seals & caps market over the forecast period. Many private equity companies are putting money into the packaging industry, which is expected to broaden the market’s product offerings. For instance, in August 2020, Creador, a Malaysia-based private equity firm invested US$ 34.1 Mn in the Shriji Polymers (India) Ltd., a company that manufactures high-density polyethylene bottles, polypropylene caps, and other specialty products. Shriji’s product offerings and global footprint are expected to rise as a result of the investment, and Creador now owns a minority stake in Shriji Polymers.
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Restraint:
Moreover, increasing use of IV bags is displacing traditional infusion bottles, lowering demand for infusion bottles, is expected to hamper the global IV infusion bottle seals & caps market growth during the forecast period.
Impact of Coronavirus (COVID-19) Pandemic:
The coronavirus (COVID-19) pandemic and lockdowns in various countries around the world have had an impact on the financial status of companies in all industries. The healthcare system has been placed under financial strain as a result of the epidemic’s lockdown in various countries.
Moreover, regulatory approval for IV infusion therapy during epidemic is expected to propel growth of the global IV infusion bottle seals & caps market over the forecast period. For instance, in May 2020, The US Food and Drug Administration (FDA) has issued a blanket COVID-19 Emergency Use Authorization for the IV infusion pumps and accessories needed for COVID-19 patients’ infusion therapy. The approval also covers IV administration sets, catheters, and containers, as well as patient-controlled pumps for delivering painkillers.
Market Segmentation:
- By Product Type:
- Polypropylene Caps: Euro Pull Ring Caps, Double Fold Caps, Foil Caps.
- Rubber Seals.
- By Neck Size: Up to 20 mm, 21-28 mm, 29-32 mm, Above 32 mm.
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Key Players:
Key players operating in the global IV infusion bottle seals & caps market include Cardinal Health Inc., Jiangsu Changjiang Lids, Taiwan Hon Chuan Enterprise, PrasadMeditech, Winfield Laboratories Inc., Datwyler HoldingAG, Wuxi Qitian Medical Technology Co., Ltd, Medline Industries Inc., RENOLITSE, and B. Braun Medical Inc.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Neck Size
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Product Launch/Approvals
- Regulatory Scenario
- Acquisition and Collaboration Scenario
- Key Developments
- PEST Analysis
- Market Dynamics
- Global IV Infusion Bottle Seals & Caps Market – Impact of Coronavirus (COVID-19) Pandemic
- Post COVID-19 Market Scenario
- Demand Supply Impact
- Global IV Infusion Bottle Seals & Caps Market, By Product Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Polypropylene Caps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Euro Pull Ring Caps
- Double Fold Caps
- Foil Caps
- Rubber Seals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global IV Infusion Bottle Seals & Caps Market, By Neck Size, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Up to 20 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- 21 to 28 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- 29 to 32 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Above 32 mm
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global IV Infusion Bottle Seals & Caps Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2027
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Neck Size, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Neck Size, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Neck Size, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Neck Size, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Neck Size, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Neck Size, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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