Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.28 Billion | USD 3.91 Billion | 6.2% | 2023 |
According to the report published by Zion Market Research, the global Syringe Filling Machine Market size was valued at USD 2.28 Billion in 2023 and is predicted to reach USD 3.91 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.2% during the forecast period. The report analyzes the global Syringe Filling Machine Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Syringe Filling Machine industry.
There are two types of pre-fillable syringes available in the market which is multidose filled and single dose. The process of syringe filling includes the filling of the syringes with the drugs or other types of fluids. With the help of the syringe filling machine, the desired drug or medication can be filled without any contamination into the pre-sterile syringes.
The machine developed by the market player MedicalExpo, STERIFILL RS Series, has the following specifications: automatic operational mode, it is vacuum operated and is compact in size, has the additional benefit of capping system, and is aseptic. It is mainly used in the pharmaceutical sector.
The global market for the syringe filling machine is fragmented into the product type, output capacity, dosage, and the material type.
Based on the type of the product, the global market is segregated into automated, manually, and semi-automated.
Based on the output capacity, the market is categorized into 4000 to 10000 syringes/ h, 10000 to 20000 syringes/ h, 20000 to 40000 syringes/ h, 40000 syringes/ h, and more.
Based on the dosage, the market is divided into 0 to 10 ml, 10 to 30 ml, 30 to 50 ml, 50 ml, and above.
Based on the type of the material that is used, the market is bifurcated into plastic and glass.
In the coming years, the syringe filling machine market will experience a robust growth. In the end-user industries such as the pharmaceutical sector and the hospital pharmacy, they are continuously making efforts for improving their packaging solutions in order to provide safety. The developments that are being made in the prefillable syringe market are triggering the growth of the syringe filling machine market. The packaging manufacturers are replacing the conventional methods with the syringe filling machines as they are economical and safe.
The development of the customized syringe filling machines is proving very beneficial as the consumers have the facility to fill the required quantity of drugs. In case of taking self-administered drugs, the pre-filled syringes are easy and convenient. They can be handled easily. The growing biotechnology sector is another factor that is driving the syringe filling machine market. The increased production cost of the syringe filling machine is the factor that is limiting the growth of the market.
Report Attributes | Report Details |
---|---|
Report Name | Syringe Filling Machine Market |
Market Size in 2023 | USD 2.28 Billion |
Market Forecast in 2032 | USD 3.91 Billion |
Growth Rate | CAGR of 6.2% |
Number of Pages | 196 |
Key Companies Covered | Optima Machinery Corporation, Prosys Innovative Packaging Equipment, HM Pharmaceutical Engineering & Projects Ltd., M&O Perry Industries Inc., Bosch Packaging Technology, Medefil Inc., Shanghai Packaging Machinery Co. Ltd., Wincklers & Co. Ltd., and others |
Segments Covered | By product type, By output capacity, By dosage, By the material type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regions that are leading the syringe filling machine market are Asia Pacific and North America. The regions are having a major share in the market both in terms of value and volume. The factors that are contributing to the growth of the market in these regions are developing healthcare facilities, the rise in the healthcare spending, and the rise in the disposable incomes. In Europe, the market is growing at a speedy rate and it will develop significantly in the coming years.
The key market players that are involved in the syringe filling machine market include
By Product Type
By Output Capacity
By Dosage
By Material Type
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