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2022
Syringe Filling Machine Market

Syringe Filling Machine Market, by Material Type (Plastic, and Glass), by Product (Semi-Automatic, Automatic, and Manual), by Application (Hospitals, and Manufacturers): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Feb 2022 | 41 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Pre-filled syringes are of two types, single-dose, and multidose-filled regimens. A syringe filling is a procedure in which medicine or other liquid is injected into a syringe. The pharmaceutical industry needs to protect the drug from contamination and aseptic treatment of the patient as these injections must be cleaned.

The syringe filling machine fills injections with the desired medication. It also enables the user to complete large fillings in a short time. These machines are particularly used by industries such as pharmaceutical industries and hospital pharmacies.

Market Scope and Structure Analysis:

Report Metric 

Details

  Market size available for years

  2020-2030

  Base year considered

  2020

  Forecast period

  2021-2030

  Forecast units

  Value (USD)

  Segments covered

  Type, Product, Application, and Region

  Companies covered

Major players analyzed Include Syntegon Technology GmbH., OPTIMA packaging group GmbH., Besloten Vennootschap ADDED PHARMA B.V., Medefil Inc., Nordson Corporation, Automated Systems of Tacoma, LLC, Romaco Holding GmbH., Winckler's & Co Ltd, TurboFil Packaging Machines LLC, and M&O Perry Industries Inc.

 

Impact of Covid-19 on Syringe Filling Machine Market

  • There has been an increase in the demand for medical supplies to take care of the infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and the civil population for precautionary measures, owing to the rise in the number of COVID-19 cases globally. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the syringe filling machine market.
  • COVID-19 has significantly increased the market share of the syringe filling machine market mostly in the year 2021 as many countries are rolling vaccines the syringe filling machine is in demand to meet the population to be vaccinated for COVID-19.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

  • According to the Euro surveillance article on the prevalence of Hepatitis B and C and the incidence of high-risk groups in the EU / EEA, an estimated 71.1 million people are infected with the hepatitis B virus (HBV) and the hepatitis C virus respectively. Since vaccines for such cases are available in the form of pre-filled injections, their increased use is expected to boost as well as increase market growth.
  • There is a growing demand for pre-installed syringes as there has been a growing need for patient safety, improved working conditions, and reduced production costs in the pharmaceutical industry. The market has seen several improvements, Hikma Pharmaceuticals recently launched a new syringe in U.S. in September 2019. The company will be providing heparin sodium, USP, 5000 units / mL injection in a completed sponge form.
  • The factor that drives the syringe filling machine market includes the syringes filled using syringe filling machines increase the shelf life of the medication up to 1-2 years whereas compared to the regular standard syringe filling provides a shelf life of up to 12 hours, the syringe filling machine reduces the overfill of the medication onto the syringes by 2% whereas in the standard syringe filling the percentage of overfill is 20-25%, due to longer stability and automatic control over the filling most manufacturers can reduce their overall cost with the help of high output pharmaceutical filling syringe machines. Another factor that drives the growth of this market includes growing demand for syringe filling machines, widespread awareness about the product, increase in healthcare expenditure.
  • The factor which hinders market growth includes high cost of the machine as it is highly used for industrial use and not for commercial use, COVID-19 not only provides an opportunity for this kind of market but also poses a threat. The lockdown in manufacturing poses a threat for the market as it relies solely on the production, manufacturing, and filling of the syringes.
  • North America as well as the Asia-Pacific is the largest market dominator in terms of value and volume. The market growth of North America is because of regulatory bodies such as CDC, FDA, and NASEN.


Market Trends:

TurboFil Packaging Machines LLC introduced automated, simplified production for syringe filling in October 27, 2020. This machine provides intuitive operation and simplified recipe-based changeover.

Key Benefits of the Report

  • This study presents the analytical depiction of the syringe filling machine industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the syringe filling machine market share.
  • The current market is quantitatively analysed from 2020 to 2030 to highlight the syringe filling machine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed syringe filling machine market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Syringe Filling Machine Report

  • Who are the leading players active in the syringe filling machine market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is a “syringe filling machine"?
  • What is the "syringe filling machine" market prediction in the future?

Key Market Segments

Segments Sub-segments
Material Type
  • Plastic
  • Glass
Product
  • Semi-Automatic
  • Automatic
Application
  • Hospitals
  • Manufacturers
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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