Multi-dose drug vial adapters are medical devices designed to allow for repeated extraction of individual doses from a multi-dose vial while preventing cross-contamination and accidental needlesticks. The products allow single-dose extraction from multi-dose vials in a manner similar to a standard prefilled syringe. This provides an effective solution to safety concerns around multi-dose vials. Multi-dose drug vial adapters prevent exposure to unnecessary pathogens and maintain sterility of product. They eliminate the reuse of needles in order to extract incremental doses which reduces the risk of contamination and infection. The global multi-dose drug vial adapters market is estimated to be valued at US$ 85 million in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024-2030.
Key Takeaways
Key players operating in the multi-dose drug vial adapters are BD, Corvida Medical, ICU Medical, West Pharmaceutical Services etc. BD is the market leader in drug vial adapters and offers EZE Epz Multi-dose Vial Adapter with its proprietary self-seating needle technology.
The rising prevalence of chronic diseases and increasing number of surgical procedures have raised the demand for multi-dose drug vial adapters. According to studies, over 2/3rd of vials used in hospitals are Multi Dose Drug Vial Adapters Market Demand which leads to high risk of contamination if not used with vial adapters.
Technological advancements are helping improve the safety and efficiency of vial adapters. Corvida Medical's Exacta-Med system alerts providers when a needle has been used multiple times on a single patient, reducing administration errors. ICU Medical's ICU SingleVial offers a fully integrated vial adapter and administration set.
Market Trends
The preference for ambulatory surgical centers and home healthcare is increasing due to their convenience and affordability. This is expected to drive the adoption of vial adapters outside hospitals. Telehealth is also gaining prominence boosting demand for single-use drug delivery devices.
Stringent regulations mandating the use of safety-engineered devices are compelling healthcare providers to opt for vial adapters. For instance, US Needlestick Safety and Prevention Act promotes the use of such safety devices.
Market Opportunities
Emerging economies offer lucrative opportunities for vial adapter manufacturers as their healthcare infrastructure expands. Companies can collaborate with healthcare providers and distributors in these regions to accelerate growth. Also, the rising geriatric population prone to chronic illnesses will augment the need for multi-dose drug administration tools such as vial adapters.
Impact of COVID-19 on Multi Dose Drug Vial Adapters Market Growth
The COVID-19 pandemic has significantly impacted the growth of the Multi Dose Drug Vial Adapters Companies. During the initial phase of the pandemic, there was a significant surge in demand for multi dose drug vial adapters as they help health practitioners draw multiple doses of medications from a single vial, which is critical in treatment of large number of patients. However, as the pandemic spread, supply chain disruptions affected the production and distribution of these adapters. With restrictions on non-essential medical procedures, demand from hospitals and clinics also reduced temporarily.
As the pandemic continues, demand is again surging as multi dose vial adapters enable safer and more efficient use of limited vaccine and drug supplies. Manufacturers are scaling up production capacities to meet this demand. Some regions facing second and third waves are witnessing another spike in sales. However, ongoing supply issues and logistical challenges remain a concern. In the post pandemic era, demand is expected to remain high given the importance of these devices in enabling access to critical medications for large patient population in pandemic like situations. Manufacturers will need to focus on building resilient supply chains.
In terms of geographical concentration, North America accounts for the largest share of the multi dose drug vial adapters market in terms of value currently. This is attributed to factors such as advanced healthcare infrastructure, high awareness about safety of multi dose medication administration, and large patient population dependent on multi dose drug therapies. Asia Pacific is projected to be the fastest growing regional market during the forecast period. This growth can be attributed to increasing healthcare expenditures, widespread coverage of government sponsored insurance schemes, and growing geriatric population dependent on multi dose drugs in regional economies like China and India.
Get more insights on- Multi Dose Drug Vial Adapters Market
Explore More Related Article On- Surgical Robots Market
For Deeper Insights, Find the Report in the Language that You want.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)