Global Syringe Filling Machine Market – Industry Trends and Forecast to 2030

Global Syringe Filling Machine Market, By Product (Automated, Semi-Automated), Material Type (Glass, Plastic), Dose Volume (0ml to 10 Ml, 10ml to 30ml, 30ml to 50ml, 50ml & Above), Output Capacity (4000 Syringes to 10000 Syringes Per Hour, 10000 Syringes to 20000 Syringes Per Hour, 20000 Syringes to 40000 Syringes Per Hour, 40000 Syringes Per Hour and More), Application (Industrial Pharmacy and Hospital Pharmacy) – Industry Trends and Forecast to 2030.

Syringe Filling Machine Market Analysis and Size

The expansion of biotechnology sector across the globe, acts as one of the major factors driving the growth of global syringe filling machine market. The increase in the adoption of the syringes and other ready-to-use (RTU) components for a numerous parenteral dosage forms and rise in demand for prefilled syringes owning to the growing need for patient safety, reduced cost of production in the pharmaceutical industry and enhanced working conditions accelerate the market growth Additionally, improving healthcare infrastructure, increase in need for enhanced safety mechanisms for syringes and rise in the automation in the industries positively affect the global syringe filling machine market.

Data Bridge Market Research analyses that the global syringe filling machine market which was USD 2,337.68 million in 2022, and would rocket up to USD 3,811.11 million by 2030, and is expected to undergo a CAGR of 6.3% during the forecast period 2023-2030. This indicates that the market value. “Hospital Pharmacy” dominates the application segment of the global syringe filling machine market owing to the wide range of product applications found in hospitals. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Syringe Filling Machine Market Scope and Segmentation

Market Definition

Syringe filling refers to a process where drug or other fluid is filled into the syringe. The syringe filling machine is used to protect drugs from contamination. A syringe filling machine is referred to as a machine utilized to fill the desired drug into the pre-sterile syringes. The machine allows batch filling of syringes for hospital pharmacy and pharmaceutical sectors.

Global Syringe Filling Machine Market Dynamics

Drivers

• Increasing Prevalence of Chronic Diseases

The increasing number of chronic diseases in the region that require frequent vaccine usage is one of the prominent factors contributing to the growth of the market over the forecast period. According to the hepatitis B foundation, up to 80,000 Americans will become newly infected with Hepatitis B each year, and more than 2 million Americans are chronically infected. More and more manufacturers in this region are getting approval for prefilled syringes for Hepatitis B vaccines. Dynavax was one of the major pharma company to receive FDA approval for their pre-filled syringe vaccine HEPLISAV-B in March 2018.

• Increased Shelf Life and Reduction of Wastage

It is estimated that the medication stored inside of a prefilled syringe cartridge will remain sterile for approximately two to three years when compared to a standard syringe which can be sterile for only 12 hours when filled. Also, the prefilled syringes have lesser overfill when compared to manual filling. It is estimated that for a 0.5 ml vial, the USP recommends 20-25% overfill. In contrast, for 0.5 ml, the required overfills are less than 2%. As a result, potentially 18-23% more doses can be produced.  This is expected to act as driver for the market

• Increasing Adoption of Prefilled Syringes for Self-Administration of Parenteral Drugs

The increasing adoption of prefilled syringes for self-administration of parenteral drugs is expected to be a significant driver of market growth in the near future. The ease and convenience of the administration process offer numerous advantages that are likely to increase the demand for the product in the years ahead which will further act as driver that will lead to the growth of the global syringe filling machine market in the above mentioned projected timeframe.

Moreover, the pharmaceutical industry continues to expand globally, driven by factors like population growth, aging demographics, and increasing healthcare expenditure which results in accelerating the global syringe filling machine market growth. 

Opportunity

• Rise in Technological Advancements

The technological advancements in the region in terms of robotics is one of the prominent factors that would drive the growth of the syringe filling machine in the region. Ongoing technological advancements have led to the development of syringe filling machines with enhanced automation, precision, and flexibility will extend profitable opportunities for the market players in the forecast period of 2023 to 2030.

Additionally, it is observed that emerging biotechnology sector are increasingly. The biotechnology sector's expansion, including the development of biologics and biosimilar, has increased the demand for syringe filling machines for specialized applications. This will further expand the market's growth rate in the future. 

Restraint/Challenge

• High Cost Associated with the Syringe Filling Machine

On the other hand, high cost associated with syringe filling machine is expected to obstruct the global syringe filling machine market growth. Syringe filling machines are sophisticated and highly specialized equipment, often requiring significant upfront investment for purchase, installation, and maintenance. This cost can deter smaller pharmaceutical manufacturers and start-ups from entering the market. Moreover, stringent regulatory compliance for syringe filling machine is projected to challenge the global syringe filling machine market in the forecast period 2023-2030.

This global syringe filling machine market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global syringe filling machine market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• 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

Global Syringe Filling Machine Market Scope

The global syringe filling machine market is segmented on the basis of product, material type, dose volume, output capacity and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Automated
• Semi-Automated

Material Type

• Glass
• Plastic

Dose Volume

• 0ml to 10 Ml
• 10ml to 30ml
• 30ml to 50ml
• 50ml & Above

Output Capacity

• 4000 Syringes to 10000 Syringes Per Hour
• 10000 Syringes to 20000 Syringes Per Hour
• 20000 Syringes to 40000 Syringes Per Hour
• 40000 Syringes Per Hour and More

Application

• Industrial Pharmacy
• Hospital Pharmacy

Global Syringe Filling Machine Market Regional Analysis/Insights

The global syringe filling machine market is analysed and market size insights and trends are provided by country, product, material type, dose volume, output capacity and application as referenced above.

The countries covered in the global syringe filling machine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.   

North America dominates the global syringe filling machine market due to rising incidence of dental disorders, high prevalence of ENT disorders, increase in expenditure on dental services, growth in awareness of CBCT systems through conferences and symposia in this region.

Asia-Pacific is expected to grow at the highest growth rate during the forecast period of 2023 to 2030 owing to strategic initiatives adopted by the regional participants to reinforce their presence in local as well as global markets.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global syringe filling machine market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global syringe filling machine market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global syringe filling machine market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Syringe Filling Machine Market Share Analysis

The global syringe filling machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global syringe filling machine market.

Some of the major players operating in the global syringe filling machine market are:

• M&O Perry Industries, Inc. (U.S.)
• Syntegon Technology GmbH (Germany)
• Medefil, Inc. (U.S.)
• Shanghai Shen Yue Packing Machinery Manufacturing Co., Ltd. (China)
• WINCKLER&CO, LTD. (Germany)
• Dymax (U.S.)
• TurboFil Packaging Machines, LLC (U.S.)
• Ashby Cross Co., Inc. (U.S.)
• MAQUINARIA INDUSTRIAL DARA (Spain)
• Vanrx (Canada)
• Nordson Corporation (U.S.)
• Musashi Engineering, Inc. (Japan)
• I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy)
• Romaco Group (Germany)
• Added Pharma (Netherlands)
• AST (U.S.)
• SHENZHEN PENGLAI Industrial Corporation Limited (China)
• OPTIMA packaging group GmbH (Germany)
• Reagent Chemical - United States (U.S.)
• HM Pharmachine Swiss GmbH (Switzerland)