Global Sterile Powder Filling Machine Market, by Production Rate (Production Rate: 20 to 60 Fills/Minute, Production Rate: 50 to 100 Fills/Minute, Production Rate: 100 to 300 Fills/Minute, Production Rate: 300 to 500 Fills/Minute), by Product Type (Anti-cancer Drugs, Nuclear Medicine, Others (Antifungals, Antibiotics, and other Pharmaceutical Products)), by Packaging Type (Vials, Cartridges, Syringes, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 304.634 Million in 2022 and is expected to exhibit a CAGR of 4.7% during the forecast period (2022-2030).
Market players are launching their product, in order to expand their product portfolio. This is expected to drive growth of the global sterile powder filling market, over the forecast period. For instance, in June 2022, Dietrich Engineering Consultants sa Group, a provider of contained powder transfer and handling systems introduced the DecFill line of modular aseptic filling solutions. The line includes semi-automated to fully automated fillings lines that can be configured for different speeds and containers including vials, cartridges, syringes, and double chamber systems. DecFill makes sure that entire filling process takes places in one closed loop which provides highest product quantity.
Market players are involved in expanding their services in the U.S. this is expected to propel the growth of global sterile powder filling market, over the forecast period. For instance, on April 12, 2022, OPTIMA packaging group GmbH, a Machinery industry company, expanding its service presence in the U.S by opening new service hub. The service offers complete services, systems sales and spare parts, along with training. OPTIMA is expanding its capability to meets the requirements of pharma customers.
Global Sterile Powder Filling Machine Market - Impact of Coronavirus (COVID – 19) Pandemic
The coronavirus disease (COVID-19) pandemic is expected to drive growth of the global sterile powder filling market, over the forecast period. COVID-19 is the recent pandemic outbreak, which was first reported on December 31, 2019 in Wuhan, China. The World Health Organization declared coronavirus disease (COVID-19) as a pandemic on March 11, 2020. According to the World Health Organization (WHO) Weekly epidemiological update on COVID-19, the number of new cases decreased by during the week of 15 to 21 August 2022. Therefore, as of August 21, 2022, 593 million confirmed cases and 6.4 million deaths have been reported globally.
During COVID-19 pandemic global sterile powder filling machine market is expected to show significant growth, over the forecast period as market players are focusing on developing dry powder vaccines. For instance, in November 2021, Ziccum AB, a pharmaceutical company which focuses on developing dry powder vaccines, announced that it is developing powdered vaccines for COVID-19. These air-dried vaccines can be transported easily, without any costly cold storage or refrigeration.
Browse 36 Market Data Tables and 44 Figures spread through 406 Pages and in-depth TOC on Global Sterile Powder Filling Machine Market, by Production Rate (Production Rate: 20 to 60 Fills/Minute, Production Rate: 50 to 100 Fills/Minute, Production Rate: 100 to 300 Fills/Minute, Production Rate: 300 to 500 Fills/Minute), by Product Type (Anti-cancer Drugs, Nuclear Medicine, Others (Antifungals, Antibiotics, and other Pharmaceutical Products)), by Packaging Type (Vials, Cartridges, Syringes, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in the Sterile Powder Filling Machine Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/sterile-powder-filling-machine-market-5224
Market players investing for the expansion of their manufacturing facilities is expected to drive the growth of sterile powder filling machine market, over the forecast period. For instance, in November 11, 2020, Baxter Bio Pharma Solutions, a complex sterile contract manufacturer, dedicated to develop oncology drugs, announced the investment of approximately US$ 100 million for the expansion of its sterile filling manufacturing facility located in Halle/Westfalen, Germany. Due to investment Baxter Bio Pharma Solutions increases it manufacturing capabilities and add advanced equipment to assist aseptic filling of drugs.
Key Takeaways of the Global Sterile Powder Filling Machine Market:
- The global sterile powder filling machine market is expected to exhibit a CAGR of 4.7% over the forecast period (2022-2030), owing to growth in potential markets, especially in Europe. While North America accounted for the major market share.
- Market players are increasing the production of sterile powders for various drug classes such as antibiotics, antifungal etc., and this is expected to drive the growth of the global sterile powder filling machine market, over the forecast period. For instance, Aenova Group, a global contract manufacturer for pharmaceutical and health care industry, offers various products such assterile powders, active pharmaceutical ingredient (Anti-inflammatory drugs, Penicillin, Cephalosporins etc.), generic drugs and others, using aseptic filling machine in glass vials.
- Major players operating in the global sterile powder filling machine market include Duke Technologies, Adinath International, Multi Pack Machinery, Harsiddh Engineering, SB Machines, OPTIMA Packaging, Ambica Pharma Machines Pvt. Ltd, N.K. INDUSTRIES, COZZOLI MACHINE COMPANY, METACRAFTS Packaging Machinery, Romaco S.r.l., Lodha International LLP, SHIBUYA CORPORATION, MAR USA Inc., PPS A/S, Parth Engineers & Consultant, Bausch + Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG, Syntegon, DEC Group, Dosa Srl, Harro Höfliger Verpackungsmaschinen GmbH, Tofflon Science, M&O Perry Industries, Inc.
