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In the pharmaceutical industry, blow fill seal (BFS) technology is greatly sought after as a preferred packaging solution. It makes prepared pharmaceuticals aseptically without the need for human intervention using a single integrated equipment. The BFS technology market is expected to reach US$ 2.8 billion by the end of 2022, according to Future Market Insights (FMI), with a CAGR of 9%. By 2031, it is estimated to reach US$ 6.2 billion.
The market’s overall growth prognosis remains favourable, particularly as demand for effective packaging technology continues to climb across a variety of industries.
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The plastic is blown, filled with the formulated product, then sealed inside the machine without any external contamination utilising BFS technology. It is a quick, precise, and safe way for filling pharmaceuticals that also saves energy.
Many of the materials utilised are recyclable and more durable than glass. The machine may produce a variety of shapes depending on the needs of the end customer. Many end users prefer BFS technology because it boosts processing speed while while ensuring contamination-free packing.
The BFS technology is used in a variety of businesses. However, the pharmaceutical business continues to be the primary end user. Bottles, ampoules, vials, and pre-filled syringes, among other goods, are commonly used in the filling of medications, vaccines, ophthalmology, respiratory, injectable pharmaceuticals, wound care, and biologics. BFS technology also has applications in the food and beverage, cosmetics and personal care, and a variety of other industries.
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Blow Fill Seal Technology Market Study Key Takeaways
“Pharmaceutical industries in Latin America and Asia Pacific have been clamouring for blow fill seal technology. According to an FMI analyst, “unit dose packaging, such as prefilled syringes, is in high demand, which is driving demand for blow fill seal technology in these markets.”
Blow Fill Seal Technology Assists in the Prevention of Medical Non-Adherence
Medical adherence has created a catastrophic scenario for the healthcare and pharmaceutical industries over the last two decades.
For example, according to an FMI study, 40 percent to 50 percent of prescribed medications are not properly taken by patients in the United States. Furthermore, according to a study conducted by the Intercontinental Medical Statistics (IMS) health, patients are losing more than $200 billion as a result of not taking medicine at the appropriate time. To address the problem, the pharmaceutical industry is working hard to improve medication packaging. For the subject of “right dose at right time,” the industry is working on appropriate and simple packaging.
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The Market Key Players for Blow Fill Seal Technology
Some of the key players include Unither Pharmaceuticals SAS, Catalent, Inc., Curida AS, Unipharma LLC, Weiler Engineering Inc, GlaxoSmithKline plc, Takeda Pharmaceuticals International AG, Nephron Pharmaceuticals Corporation, Horizon Pharmaceutical Inc, Brevetti Angela S.R.L, Recipharm AB, Laboratorios SALVAT, S.A, The Ritedose Corporation, Unicep Packaging, LLC, Pharmapack Co. Ltd, Amanta The blow fill seal technology industry is fragmented, with Tier 1 companies accounting for 40-45 percent of the global market.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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