Fill Finish Cartridge Market: Current Analysis and Forecast (2022-2028)
Emphasis on Cartridge Size (Less than 1ml, 1ml-3ml, and More Than 3ml); Drug Type (Biologics, and Others); Injection Devices (Pens, and Autoinjectors); and Region/Country.
Global Fill Finish Cartridge Market is expected to grow at a significant rate of around 9.7% during the forecast period. Fill Finish cartridge is the process of filling the pharmaceutical solution into the cartridge for distribution. The market is growing at a tremendous rate owing to the increase in the prevalence of chronic diseases, and surge in the investments by pharmaceutical companies in research and development sector. Furthermore, companies are also expanding their production facilities, which is also having a positive impact on the market’s growth during the forecast period. For instance, in September 2021, Lonza announced its investment to expand its drug product manufacturing network in Switzerland. The new line will support liquid and lyophilized vial filling and processing, cartridges and pre-filled syringes.
Berkshire Sterile Manufacturing, Syntegon Technology, Novocol Pharma, Recipharm AB, SCHOTT Pharma, Vetter, Sever Pharma Solutions, Cytiva, Grand River Aseptic Manufacturing, and Lonza are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst cartridge size, more than 3ml category to witness higher CAGR during the forecast period”
Based on the cartridge size, the market is segmented into less than 1 ml, 1ml-3ml, and more than 3ml. The more than 3ml category is expected to grow with high CAGR during the forecast period. This is attributed to their rising usage in diagnostic applications for various chronic diseases. Moreover, technological advancements by pharmaceutical companies are also propelling segmental growth during the forecast period. For instance, in June 2021, SGD Pharma announced the adoption of nest & tub for processing a variety of primary packaging containers including vials, syringes, and cartridges for optimal manufacturing flexibility. The Nest & Tub solution avoids glass-to-glass contact, protecting the sterility and integrity of each vial.
Fill Finish Cartridge Oil Market Report Coverage
“Amongst drug type, biologics segment held a dominant share in the market in 2021”
On the basis of drug type, the market is bifurcated into biologics and others. Biologics held a dominant share in the market in 2021. Several factors, including the increasing investment by pharmaceutical companies, surge in the prevalence of chronic diseases, loss of patent exclusivity of leading biologic drugs, the growing demand and higher acceptability of innovative therapies, and rapid launch of novel products. For instance, in November 2022, U.S. FDA approved the second interchangeable insulin glargine biosimilar, Rezvoglar, to improve glycemic control in adults and pediatric patients with diabetes, according to a drug information update from the agency.
“North America to hold a significant share in the market”
In 2021, North America held a significant share of the global fill finish cartridge market, which is due to several factors, including the presence of major key players in the region, the surge in the geriatric population and the subsequent increase in the prevalence of cardiovascular diseases, highly developed healthcare system, the higher adoption of technically advanced products, and favorable government policies for the launch of advanced products. Moreover, rising company investment is also having a positive impact on the market’s growth of the market. For instance, in January 2023, Argonaut Manufacturing Service announced a capital investment led by majority shareholder Telegraph Hill Partners that will be focused on expansion at their Carlsbad, CA, manufacturing facilities. In addition to increased capacity and scale, the new capabilities include complex formulation of parenteral drug products and a new state of the art isolator-based filling line capable of filling vials, syringes, and cartridges for clinical and commercial drug products.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global fill finish cartridge market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Fill Finish Cartridge Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global fill finish cartridge market were the three major steps undertaken to create and analyze the adoption of fill finish cartridge in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global fill finish cartridge market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the fill finish cartridge market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the fill finish cartridge market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as cartridge size, drug type, and injection devices. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the fill finish cartridge market. Further, we conducted factor analysis using dependent and independent variables such as various cartridge size, drug type, and injection devices of fill finish cartridge. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the fill finish cartridge market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fill finish cartridge market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the fill finish cartridge market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global fill finish cartridge market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions`
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global fill finish cartridge market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology and end-users of the global fill finish cartridge market.
The main objective of the Global Fill Finish Cartridge Market Study
The current & future market trends of the global fill finish cartridge market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the fill finish cartridge market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of cartridge size, drug type, and injection devices.
- Define and analysis of the regulatory framework for the fill finish cartridge industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the fill finish cartridge market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the fill finish cartridge market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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