The surging need for safety in pharmaceutical packaging is propelling the Multi Dose Drug Vial Adapters Market
Multi dose drug vial adapters are used to safely administer drug to multiple patients from a single vial without compromising sterility or creating any risk of cross-contamination. They allow extraction of several doses from a multidose vial through a single needle insertion and precisely control the amount of drug withdrawn. Multi dose vials continue to remain a suitable and cost-effective option for many hospital and alternate site healthcare settings.
The global multi dose drug vial adapters market is estimated to be valued at US$ 115.5 million in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024-2029.
Strict regulations mandating the use of devices ensuring dose accuracy and limiting cross-contamination are driving the demand for multi dose vial adapters in healthcare facilities
Key Takeaways
Key players operating in the Multi Dose Drug Vial Adapters Market Demand are Becton, Dickinson and Company, ICU Medical Inc., Terumo Corporation.
Rising prevalence of chronic diseases and increasing numbers of surgical procedures performed worldwide are fueling the need for multi-dose vial systems. Additionally, growing geriatric population susceptible to various diseases and disorders is propelling the demand.
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