The Injection Port Market is Anticipated to Witness High Growth Owing to Increased Application in Parenteral Packaging & Medical Devices
Injection port, also known as septums, can be defined as single use rubber or silicone stoppers that are utilized for inserting hypodermic needles into pharmaceutical vial stoppers, intravenous solution containers and other medical packaging. Injection ports provide leak proof access to pharmaceutical packages and medical devices for adding or withdrawing liquid solutions while maintaining sterility. The growing demand for parenteral and intravenous solutions across the healthcare sector has propelled the use of injection ports in pharmaceutical packaging and medical devices manufacturing.
The global injection port market is estimated to be valued at US$ 1.57 Bn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2024 to 2031.
Injection ports offer advantages such as maintain sterility and integrity of pharmaceutical packages and medical devices during storage and transportation. They prevent microbial contamination and precipitation in formulations. The rising prevalence of chronic diseases and aging population has increased the demand for parenteral drugs, which is a major factor driving the growth of the injection port market.
Key Takeaways
Key players operating in the injection port market are Jungbunzlauer, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Global Calcium, TATE & LYLE, American Elements, Triveni Chemicals, A.B. Enterprises, Nikunj Chemicals, Advait Industries, Anmol Chemicals, Krishna Chemicals, AMS biotechnology, Henan Honghui Biotechnology.
The key opportunities in the injection port market include rising demand for self-injection devices owing to increased cases of anaphylaxis. Pharmaceutical and medical device manufacturers are focusing on developing pre-filled syringes and vials with septums in order enhance convenience of drug administration.
The major players in the Injection Port Market Demand are focusing on global expansion by establishing manufacturing facilities in emerging regions such as Asia Pacific, Middle East, and Latin America. This is attributed to rising geriatric population and increasing healthcare expenditures in these regions.
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