(MENAFN- America News Hour) Prefilled Formalin Vials Market report provides a comprehensive landscape
of the industry, accurate market estimates and forecast split by product,
application, technology, region and end-use (one or more / all of these
segments, as applicable). All quantitative information is covered on a regional
as well as country basis. The report provides valuable strategic insights on
the Laboratory Proficiency Testing Market, analyzing in detail industry impact
forces including growth drivers, pitfalls and regulation evolution. The report
also includes a detailed outlook on the Prefilled Formalin Vials Market competitive
environment, diving in to the industry position of each major company along
with the strategic landscape.
Prefilled Formalin Vials Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Laboratory Proficiency Testing Market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Prefilled Formalin Vials Market research one of its kind to offer the most in-depth, readily available data.
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Prefilled Formalin Vials Market size is expected to grow significantly from 2019 to 2025. Rising government initiatives forcreating cancer awareness will propel prefilled formalin vials marketgrowth. The objective of such initiatives is to create awareness amongpeople regarding cancer and educate the public about advantages of earlydiagnosis. Prefilled formalin vials are widely used in diagnosticcenters for detection of chronic diseases. Increasing awareness forearly diagnosis will drive usage of prefilled formalin vials propellingthe industry growth.
Formaldehyde has carcinogeniccharacteristics if inhaled in excess amount. Health professionalsworking in hospitals have direct contact with formalin that increaseschances acquiring cancer. As prefilled formalin vials eliminate the riskof acquiring cancer by avoiding the direct contact, its adoption willincrease in near future. However, high cost of prefilled formalin vialsin comparison to conventionally available stocked formalin may hamperthe industry growth to certain extent.
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40-90 ml prefilled formalin vialssegment holds lucrative revenue share in 2018 and is expected to witnesssignificant growth over the forecast timeframe. Vials of this sizeeliminate the need of manual transfer of carcinogenic formalin.Furthermore, 40-90 ml prefilled vials are autoclaved for avoiding thepossible contamination. Safety and convenience associated with the usageof 40-90 ml prefilled formalin vials along with its rising adoption inthe field of forensic and diagnosis will drive the segment growth.
Cancer diagnostic segment will witnesshumongous growth over the forecast period. Increasing prevalence ofcancer is directly impacting positively on demand for cancer diagnostictests. According to national cancer institute, in 2016, there wereapproximately 15.5 million cancer patients in the U.S. Increasingprevalence of cancer along with growing adoption of prefilled formalinvials for its diagnosis will render significant positive impact onsegment growth.
Academic institutions will witnesssignificant growth over the forecast timeframe owing to increasingnumber of academic institutions in developed economies. Research anddevelopment on various diseases is done with the use of biologicalspecimens. For preservation of these biological specimens and tissues,formalin is necessary. Thus, increased demand for formalin vials byacademic institutions will foster segmental growth.
Asia Pacific prefilled formalin vialswill witness lucrative growth during the forecast period. Incidences ofcancer has increased in Asia Pacific region due to changing lifestyle ofpeople such as unhealthy diet and lack of exercise. Leadingorganizations are spreading awareness and benefits of early diagnosis byeducating people. Increasing awareness and disease prevalence alongwith strong foothold of leading industry players generated abundantgrowth potential in this region.
Some of the prominent players operatingin prefilled formalin vials are Genta Environmental Ltd, Diapath S.p.A,Histo-Line Laboratories Srl, Leica Microsystems Sales GmbH, SolmediaLimited, Global Scientific Inc, Thomas Scientific, Medline IndustriesInc, Cardinal Health Inc and Azer Scientific, Inc. For instance, AzerScientific, Inc offers prefilled formalin vials that are available indifferent sizes. These containers of varied sizes are half filled withdouble audible clicks that ensures safety while transporting tolaboratories. Availability of such innovative products will give thecompany competitive edge over its competitors.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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