Ampoules are tiny vials that contain a medication solution or powder for injection into the body through the intravenous method. It essentially stores the medicine and is made of plastics such as PVC and PE. Glass is also used to make ampoules, which are firmly sealed to prevent extraneous particles from entering. A syringe is medical equipment that resembles a basic pump. It is used to deliver medications into the body via the solution contained in ampoules. It is equipped with a needle that is punctured to give the medicine via the intravenous method. The needle is composed of plastic and is disposable.
The worldwide ampoules and syringes market is predicted to be worth US$ 6,469.7 million in 2021, with a CAGR of 6.4 percent during the forecast period (2021-2028).
Serum Institute of India, an Indian vaccine maker, purchased the Indian partner in the SCHOTT Kaisha joint venture for an unknown sum in August 2021. As the JV manufactures pharma packaging items such as vials, syringes, ampoules, and cartridges required to package life-saving pharmaceuticals, this development is targeted at assisting Serum Institute in tying up its back-end supply in the wake of worldwide demand.
Hindustan Syringes & Medical Devices Ltd. declared in May 2021 that it will hire 500 workers to boost syringe manufacturing capacity to meet our aim of 100 crore AD syringes production capacity.
Hindustan Syringes & Medical Devices Ltd. shipped its first cargo of 56 million autos disable syringes to the Covax plant in October 2020 for the ongoing supply-demand activity for safe and successful vaccine manufacturing. North America dominated the worldwide ampoules & syringes market in 2020, accounting for 37.4 percent of the total value, followed by Europe and the Asia Pacific, in that order.