The global fill-finish manufacturing market accounted for a value of USD 5.4 billion in 2019 and is projected to register growth at a CAGR of 8.2% during forecast period.
COVID-19 has impacted the fill finishing manufacturing market. The number of corona virus patients is increasing in the world which increases consumption of various healthcare services, equipments and medicines. The manufacturing activities have to halt due to lockdown and supply chain is also disrupted due to travel restriction. The demand for various vials and medicines is increasing in order to treat patients. The government is also supporting this industry financially due to pandemic. This market is significantly growing during COVID-19.
For More details, visit: Global Fill Finishing Manufacturing Market By Product Type (Instruments and Consumables), By End-Users (Contract Manufacturing Organizations, Pharmaceutical & Biopharmaceutical, Others) By Region, Forecast & Opportunities to 2026
The technological advancement is increasing fill-finish manufacturing equipment across the world. The advanced equipment is highly preferred by healthcare professionals as these equipments provide accurate outputs. This increases adoption of fill finishing manufacturing market and drives growth in this market during forecast period.
On the basis of product, the fill finishing manufacturing market is segmented into instruments and consumables. The consumables segment accounted for largest market in 2019 and it is estimated to hold largest market share during forecast period. The demand and adoption o consumables are widely increasing across the world. The consumables segment is further segmented into vials, cartridges, prefilled syringes and other consumables. The demand for prefilled syringes is increasing and the application of vials in lyophilization is rapidly increasing across the world. This drives growth in consumables segment during forecast period.
On the basis of product, the fill finishing manufacturing market is segmented into contract manufacturing organizations, pharmaceutical & biopharmaceutical companies and others. The contract manufacturing organizations segment is estimated to dominate the market during forecast period. The outsourcing of fill-finishing manufacturing process is increasing in small-sized biopharmaceutical companies. The number of biologics manufacturing organizations is increasing in the market. The market for contract manufacturing organizations is increasing which drives growth in this segment during forecast period.
Europe region is estimated to hold largest market share during forecast period. The emergence of biosimilars market is major growth driver in this region. The cases of chronic disease are increasing rapidly in the world and this result in high demand for fill finishing manufacturing. However, the Asia-Pacific region is estimated to grow at highest CAGR during forecast period. The investment in biopharmaceutical market is rapidly increasing in this region. The government is also supporting biopharmaceutical players. The R&D infrastructure is developing in Asia-Pacific region and this strengthens market for fill finishing manufacturing. Thus, drives growth in Asia-Pacific region during forecast period.
The key market players in fill finishing manufacturing industry are Becton, Dickinson and Company, Syntegon Technology, I.M.A. Industries machine Automatiche S.P.A, Stevanato Group, West Pharmaceutical Services, Optima Packaging group GMBH, Bausch + Strobel, Groninger & Co. GMBH, SGD Pharma, Schott AG, Gerresheimer AG, NIPRO, Bausch Advanced Technologies Inc., Vanrx Pharmasystems Inc., Marchesini Group S.P.A., AST and Steriline S.R.L.
- What are the expected industry trends over the next three to five years?
- Which of the fill-finish manufacturing product is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?