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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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..
