Global Prefilled Formalin Vials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Prefilled Formalin Vials Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Prefilled Formalin Vials market finds that the global Prefilled Formalin Vials market reached a value of USD 122.78 million in 2022. It’s expected that the market will achieve USD 149.6 million by 2028, exhibiting a CAGR of 3.35% during the forecast period.

Supply Chain Challenges

Disruptions in the supply chain is the main impact of COVID- 19 on the Prefilled Formalin Vials ecosystem.

Logistics

Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.

SME

The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.

Technology and Process

The innovation of technology is a promote factor of this industry, however, lack of technical and breakthroughs will be one of the hamper factors.

Price Rises of Labor Cost

On the whole, the price of labor costs will be in arises state, is affected by economic development, and prices have changed greatly which increases the cost of the industry.

Increase in the number of academic institutions

Due to the increasing number of academic institutions in developed economies, academic institutions will achieve significant growth within the expected time. Various diseases have been researched and developed by using biological specimens. In order to preserve these biological specimens and tissues, formalin is necessary. Therefore, the increased demand for formalin vials from academic institutions will promote market growth.

Increased competition

The competition among vendors will increase during the forecast period. Vendors will compete to deliver competitive advantages in the market on the basis of pricing, value-added benefits, and product and service portfolios. During the forecast period, we expect this competition to intensify with an increase in product extensions.
In addition, the imbalance of regional development, the threat of substitutes, and competition from huge companies and well-developed regions will threaten existing market shares.

Region Overview:

North America is projected to account for a considerable share of the Prefilled Formalin Vials market and is expected to become the largest region by 2028.

Company Overview:

Leica Biosystems is one of the major players operating in the Prefilled Formalin Vials market, holding a share of 7.71% in 2023.

Leica Biosystems

Leica Biosystems is a cancer diagnostics company and a global leader in workflow solutions, offering the most comprehensive portfolio from biopsy to diagnosis. Their mission of “Advancing Cancer Diagnostics, Improving Lives” is at the heart of their corporate culture.

Fisher

Fisher Scientific International, Inc. was a laboratory supply and biotechnology company that provided products and services to the global scientific research and clinical laboratory markets until its merger with Thermo Electron in 2006.

Segmentation Overview:

By type, 20-50ml segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Hospitals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Prefilled Formalin Vials market covered in Chapter 3:

Carl Roth
Azer Scientific，Inc.
Statlab
Solmedia Limited
Fisher
Serosep
Histo-Line Laboratories
Diapath
Sigma-Aldrich
Cardinal Health
Globe Scientific
Leica Biosystems
VWR
Genta Medical

In Chapter 4 and Chapter 14.2, on the basis of types, the Prefilled Formalin Vials market from 2018 to 2029 is primarily split into:

<10 mL
10-20 mL
20-50 mL
50-100 mL
100-500 mL
Above 500 mL

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Prefilled Formalin Vials market from 2018 to 2029 covers:

Hospitals
Clinics
Emergency Medical Services
Academic Institutes
Forensic Laboratories
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)