The Multi dose drug vial adapters market allows for proper administration of medications from a single multi dose vial to multiple patients, eliminating the need to use multiple single use vials. Multi dose drug vial adapters provide a cost effective way for healthcare facilities to safely draw multiple doses from single multi-dose vials in compliance with regulations, while preventing waste.
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% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Multi dose drug vial adapters are BD, B. Braun SE, Terumo Medical Corporation, Adelphi Group, Med-Vet International, West Pharmaceutical Services, Inc., ICU Medical, Helapet Ltd., Sartorius AG, Thermo Fisher Scientific Inc., Miltenyi Biotec, Randox Laboratories Ltd., West Pharmaceutical Services, Inc., Amsino International, Inc., and Medline Industries, LP.
The Multi Dose Drug Vial Adapters Market Demand provides significant opportunities for players to expand their product offerings and tap growth markets. Technological advancements in drug delivery systems provide additional safety features in multi dose drug vial adapters helping prevent needle stick injuries and contamination during administration of multiple doses from a single vial.
Market drivers
Increasing prevalence of chronic diseases and rising healthcare spending is expected to drive the multi dose drug vial adapters market. Multi dose vial technology provides cost savings benefit for healthcare providers with less waste of expensive drugs. Stringent regulations regarding safe injection practices and safety of healthcare workers during multiple dose administration from single vials also promote the multi dose drug vial adapters market. Growing demand for self-injectable drug delivery systems especially for biologics will fuel future demand.
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