Market Size of Syringe Filling Machine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Syringe Filling Machine Market Analysis
The syringe filling machine market is expected to register a CAGR of 9% during the forecast period (2021 - 2026). The increasing adoption of the syringes and other ready-to-use (RTU) components for a variety of parenteral dosage forms is expected to boost the growth of the syringe filling machine market.
- In recent years there has been a growing demand for prefilled syringes as there has been an increased need for patient safety, improved working conditions, and reduced cost of production in the pharmaceutical industry. The market has seen several new developments and With Hikma Pharmaceuticals being the latest to launch a new prefilled syringe capability in the United States in September 2019. The company would be supplying heparin sodium injection, USP, 5000 units/mL in prefilled syringe form.
- Also, the growing demand to treat chronic diseases that require continuous vaccination is expected to boost the adoption of the syringe filling machines over the forecast period.
- According to Eurosurveillance's article on Hepatitis B and C prevalence and incidence in key population groups with multiple risk factors in the EU/ EEA, an estimated 71.1 million people are chronically infected with the hepatitis B virus (HBV) and hepatitis C virus (HCV), respectively. As the vaccines for such cases are available in pre-filled syringes form, its increased consumption is expected to boost the market growth.
- In February 2019 - BD launched BD HylokTM, its new glass pre-fillable syringe for the administration of viscous solutions such as hyaluronic acid dermal fillers available in 1ml long format, with additional sizes to be introduced in the future, and comes with an extensive data package to support product or drug manufacturers developmental, technical and registration efforts..
Syringe Filling Machine Industry Segmentation
A syringe filling machine fills the pre-sterile syringes with the desired drug. It also enables the user for batch filling of syringes for industries such as pharmaceutical and hospital pharmacy. This report segments the market by Type (Automated, Semiautomated, Manual), End-user Industry(Pharmaceutical, CDMO, and Other End-user Industries) and Geography.
| By Type | |
| Automated | |
| Semi-Automated | |
| Manual |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle East and Africa |
Syringe Filling Machine Market Size Summary
The syringe filling machine market is poised for significant growth, driven by the increasing adoption of prefilled syringes and ready-to-use components in the pharmaceutical industry. This trend is largely attributed to the heightened focus on patient safety, improved working conditions, and cost efficiency in drug production. The demand for these machines is further bolstered by the need to treat chronic diseases requiring continuous vaccination, with prefilled syringes playing a crucial role in vaccine administration. Technological advancements, such as the integration of Industry 4.0 and automation, are enhancing the efficiency of syringe filling processes, allowing for high-speed production and precise control over sterility and dosage. These innovations are expected to streamline operations and reduce overall costs for pharmaceutical manufacturers.
In North America, regulatory bodies like the CDC and FDA are promoting the use of prefilled syringes to ensure patient safety during vaccine administration, particularly for children. The region has witnessed significant developments in syringe filling technology, with companies like Mission Health adopting automated IV compounding systems. The increasing prevalence of chronic diseases necessitating frequent vaccinations is a key factor driving market growth. Additionally, the market is characterized by a high degree of fragmentation, with major players such as Nordson Corporation and Romaco Group competing alongside smaller entities. Partnerships and innovations, such as the collaboration between Pharmaceutics International, Inc. and Automated Systems of Tacoma, LLC, are further stimulating market expansion by offering flexible and adaptive filling solutions.
Syringe Filling Machine Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 The Rising Need to Replace the Conventional Filling Method
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1.3.2 The Rising Demand For the Prefilled Syringes
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1.4 Market Restraints
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1.4.1 High installation Cost
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Automated
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2.1.2 Semi-Automated
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2.1.3 Manual
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia Pacific
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2.2.4 South America
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2.2.5 Middle East and Africa
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Syringe Filling Machine Market Size FAQs
What is the current Syringe Filling Machine Market size?
The Syringe Filling Machine Market is projected to register a CAGR of 9% during the forecast period (2024-2029)
Who are the key players in Syringe Filling Machine Market?
Nordson Corporation, Romaco Group, Added Pharma B.V., OPTIMA packaging group GmbH and Automated Systems of Tacoma (AST) are the major companies operating in the Syringe Filling Machine Market.
