Market Overview:
The global prefilled formalin vials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for prefilled formalin vials in hospitals, clinics, emergency medical services, diagnostic laboratories, academic institutes and forensic laboratories across the globe. In addition, rising demand for contract research organizations (CROs) is also propelling the growth of this market. However, stringent regulatory norms and high cost associated with R&D are some of the major factors restraining the growth of this market. On basis of type, below 10 mL segment accounted for majority share in 2017 and is projected to maintain its dominance during forecast period owing to its low price as compared to other segments. On basis of application Hospitals segment held largest share in 2017 and is projected witness highest CAGR over next decade due growing number patients opting for hospital-based treatments across globe .Geographically North America commanded largest share in global prefilled formalin vials market followed by Europe due presence key players operating regionally coupled with technological advancements made by these players .
Product Definition:
Prefilled formalin vials are sterile containers filled with a 10% solution of formaldehyde in water. They are used to preserve tissue specimens for histology or other diagnostic procedures.
Below 10 mL:
Below 10 mL is a range of volume that is most commonly used for the storage of formalin. It has been observed that the concentration of solution in this range have found wide acceptance among healthcare professionals across the globe. The growth factor responsible for this trend could be due to factors such as ease in handling and low cost associated with their storage.
10 - 20 mL:
10 - 20 mL is a standard size for pre-filled vials. It is most commonly used in the healthcare sector to deliver an accurate dosage of liquid formulations such as solvents, injectable solutions and suspension, among others. The 10 - 20 mL pre-filled vials are widely accepted by hospitals and other medical facilities due to their ease of use and convenience.
Application Insights:
Based on the application, the global market has been segmented into hospitals, clinics, emergency medical services (EMS), diagnostic laboratories, academic institutes, forensic laboratories and contract research organizations. Hospitals held the largest share of overall revenue in 2016 owing to factors such as a large patient base and high volume of transactions that require pre-filled vials for injections. The clinics segment is expected to witness significant growth over the forecast period due to increasing demand for advanced healthcare facilities along with an increase in government initiatives encouraging adoption of these solutions across clinics worldwide.
The use of pre-filled formalin vials in clinical trials is anticipated to boost industry growth over the forecast period as it eliminates handling steps and reduces human errors during trial conduct. Furthermore, growing R&D activities by major players are further expected to contribute towards industry expansion at a CAGR exceeding 9% from 2017 to 2030.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high adoption of advanced technologies, and increasing demand for diagnostic products are some factors driving the regional market. Moreover, government initiatives to improve public health and safety by formulating regulations pertaining to quality standards is also expected to propel the industry growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising medical tourism in emerging economies such as India and China. In addition, an increase in chronic diseases that require frequent laboratory testing will drive product demand further fueling revenue generation opportunities for global players operating within this space.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Prefilled Formalin Vials helps in reducing the surgical time and also eliminates the need for a separate room to store formalin. This is expected to drive the market growth during the forecast period.
- Rising prevalence of cancer: The increasing incidence of cancer is one of the major factors that is expected to fuel the demand for prefilled formalin vials in coming years.
- Technological advancements: The introduction of new technologies such as automated prefilling and labeling systems is anticipated to boost market growth over the forecast period.
- Growing number of hospitals and clinics: With rising awareness about health care, there has been an increase in number of hospitals and clinics across different regions which is likely to create opportunities for market players operating in this space during forecast period 2017-2025 . 5) Emerging markets offer potential growth opportunities: Majority revenue share generated by North America followed by Europe region; however, Asia Pacific excluding Japan (APEJ) region offers lucrative opportunity with highest CAGR over 2017-2025 due high population base coupled with increasing disposable income
Scope Of The Report
Report Attributes
Report Details
Report Title
Prefilled Formalin Vials Market Research Report
By Type
Below 10 mL, 10 - 20 mL, 20 - 40 mL, 40 - 60 mL, 60 - 90 mL, 90 - 500 mL, Others
By Application
Hospitals, Clinics, Emergency Medical Services, Diagnostic Laboratories, Academic Institutes, Forensic Laboratories, Contract Research Organizations
By Companies
Diapath, Histo- Line Laboratories Srl, Cardinal Health, Leica Microsystems, Genta Environmental, Carl Roth, Ultident Scientific, Solmedia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Prefilled Formalin Vials Market Report Segments:
The global Prefilled Formalin Vials market is segmented on the basis of:
Types
Below 10 mL, 10 - 20 mL, 20 - 40 mL, 40 - 60 mL, 60 - 90 mL, 90 - 500 mL, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Emergency Medical Services, Diagnostic Laboratories, Academic Institutes, Forensic Laboratories, Contract Research Organizations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diapath
- Histo- Line Laboratories Srl
- Cardinal Health
- Leica Microsystems
- Genta Environmental
- Carl Roth
- Ultident Scientific
- Solmedia
Highlights of The Prefilled Formalin Vials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 10 mL
- 10 - 20 mL
- 20 - 40 mL
- 40 - 60 mL
- 60 - 90 mL
- 90 - 500 mL
- Others
- By Application:
- Hospitals
- Clinics
- Emergency Medical Services
- Diagnostic Laboratories
- Academic Institutes
- Forensic Laboratories
- Contract Research Organizations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Prefilled Formalin Vials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Prefilled formalin vials are a type of medication that is pre-filled with the correct dosage of formaldehyde. This makes it easier for patients to take their medication, as they do not have to measure out the correct amount themselves.
Some of the major companies in the prefilled formalin vials market are Diapath, Histo- Line Laboratories Srl, Cardinal Health, Leica Microsystems, Genta Environmental, Carl Roth, Ultident Scientific, Solmedia.
The prefilled formalin vials market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Prefilled Formalin Vials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Prefilled Formalin Vials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Prefilled Formalin Vials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Prefilled Formalin Vials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Prefilled Formalin Vials Market Size & Forecast, 2018-2028
4.5.1 Prefilled Formalin Vials Market Size and Y-o-Y Growth
4.5.2 Prefilled Formalin Vials Market Absolute $ Opportunity
Chapter 5 Global Prefilled Formalin Vials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Prefilled Formalin Vials Market Size Forecast by Type
5.2.1 Below 10 mL
5.2.2 10 - 20 mL
5.2.3 20 - 40 mL
5.2.4 40 - 60 mL
5.2.5 60 - 90 mL
5.2.6 90 - 500 mL
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Prefilled Formalin Vials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Prefilled Formalin Vials Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Emergency Medical Services
6.2.4 Diagnostic Laboratories
6.2.5 Academic Institutes
6.2.6 Forensic Laboratories
6.2.7 Contract Research Organizations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Prefilled Formalin Vials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Prefilled Formalin Vials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Prefilled Formalin Vials Analysis and Forecast
9.1 Introduction
9.2 North America Prefilled Formalin Vials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Prefilled Formalin Vials Market Size Forecast by Type
9.6.1 Below 10 mL
9.6.2 10 - 20 mL
9.6.3 20 - 40 mL
9.6.4 40 - 60 mL
9.6.5 60 - 90 mL
9.6.6 90 - 500 mL
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Prefilled Formalin Vials Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Emergency Medical Services
9.10.4 Diagnostic Laboratories
9.10.5 Academic Institutes
9.10.6 Forensic Laboratories
9.10.7 Contract Research Organizations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Prefilled Formalin Vials Analysis and Forecast
10.1 Introduction
10.2 Europe Prefilled Formalin Vials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Prefilled Formalin Vials Market Size Forecast by Type
10.6.1 Below 10 mL
10.6.2 10 - 20 mL
10.6.3 20 - 40 mL
10.6.4 40 - 60 mL
10.6.5 60 - 90 mL
10.6.6 90 - 500 mL
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Prefilled Formalin Vials Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Emergency Medical Services
10.10.4 Diagnostic Laboratories
10.10.5 Academic Institutes
10.10.6 Forensic Laboratories
10.10.7 Contract Research Organizations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Prefilled Formalin Vials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Prefilled Formalin Vials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Prefilled Formalin Vials Market Size Forecast by Type
11.6.1 Below 10 mL
11.6.2 10 - 20 mL
11.6.3 20 - 40 mL
11.6.4 40 - 60 mL
11.6.5 60 - 90 mL
11.6.6 90 - 500 mL
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Prefilled Formalin Vials Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Emergency Medical Services
11.10.4 Diagnostic Laboratories
11.10.5 Academic Institutes
11.10.6 Forensic Laboratories
11.10.7 Contract Research Organizations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Prefilled Formalin Vials Analysis and Forecast
12.1 Introduction
12.2 Latin America Prefilled Formalin Vials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Prefilled Formalin Vials Market Size Forecast by Type
12.6.1 Below 10 mL
12.6.2 10 - 20 mL
12.6.3 20 - 40 mL
12.6.4 40 - 60 mL
12.6.5 60 - 90 mL
12.6.6 90 - 500 mL
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Prefilled Formalin Vials Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Emergency Medical Services
12.10.4 Diagnostic Laboratories
12.10.5 Academic Institutes
12.10.6 Forensic Laboratories
12.10.7 Contract Research Organizations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Prefilled Formalin Vials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Prefilled Formalin Vials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Prefilled Formalin Vials Market Size Forecast by Type
13.6.1 Below 10 mL
13.6.2 10 - 20 mL
13.6.3 20 - 40 mL
13.6.4 40 - 60 mL
13.6.5 60 - 90 mL
13.6.6 90 - 500 mL
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Prefilled Formalin Vials Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Emergency Medical Services
13.10.4 Diagnostic Laboratories
13.10.5 Academic Institutes
13.10.6 Forensic Laboratories
13.10.7 Contract Research Organizations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Prefilled Formalin Vials Market: Competitive Dashboard
14.2 Global Prefilled Formalin Vials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
14.3.1 Diapath
14.3.2 Histo- Line Laboratories Srl
14.3.3 Cardinal Health
14.3.4 Leica Microsystems
14.3.5 Genta Environmental
14.3.6 Carl Roth
14.3.7 Ultident Scientific
14.3.8 Solmedia
