Emphasis on Product (Consumables, Instruments); End-Users (Pharmaceuticals & Biopharmaceuticals Companies, Contract Manufacturing Organisation, Others); Region/Country
The fill-finish manufacturing market is expected to register a CAGR of over 9% over the period of 2021-2027. Fill-finish is the final manufacturing step (and perhaps most importantly) of the entire pharmaceutical manufacturing process. The manufacture of fill-finish includes aseptic filling of biopharmaceuticals or any form of medicinal product such as sterilized liquids, powders, and suspensions in vials, ampoules, bottles, syringes, and cartridges. The growing demand for fill-finish manufacturing can be attributed to the rising demand for biopharmaceutical products, growing adoption of prefilled syringes for administration of parental drugs, and rising adoption of inorganic growth strategies among key industry players is anticipated to boost the market growth. For example, in June 2020, Optima Group and Catalent signed a partnership agreement to accelerate manufacturing capacity and prepare for large-scale commercial manufacturing of a lead vaccine candidate for COVID-19. Optima Group supported Catalent with a new high-speed vial filling line for the COVID-19 vaccine program. Furthermore, the fill-finish manufacturing market is anticipated to grow on account of the growing awareness of prefilled syringes, many ongoing research activities in this field, and rising government and public-private investments. However, some of the restraints in the market including stringent regulatory framework and the high costs associated with RABS (restricted access barrier system) are impeding the growth of this market all over the world.
Factors such as the emergence of the biosimilar market due to the patent expiry of key biologic products, rising incidence of chronic disorders, and the increasing focus of major players on increasing their presence in several targeted marketing efforts, like partnerships, production expansions, innovations, acquisitions, and investments in order to amplify their geographical and competitive footprint in this region are driving the growth of the fill-finish manufacturing industry. For example, in January 2021, Piramal Pharma Solutions (PPS) announced its collaboration with Canadian biopharma firm, Theratechnologies to provide GMP (good manufacturing practice) production of sterile fill/finish drug products for supporting its first-in-human clinical developmental offerings.
Becton, Dickinson and Company, Optima, West Pharmaceutical Services, Inc, IMA S.P.A, Groninger & Co GmbH, Schott AG, Nipro Medical Corporation, Gerresheimer AG, Piramal Pharma Solutions, Syntegon Technology GmbH (Robert Bosch GmbH) 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 Products, the consumables category accounted for the majority share in the market in 2020”
Based on product, the fill-finish manufacturing equipment market is segmented into consumables and instruments. The consumables segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. This can be mainly ascribed to the replacement rate of these consumables as it is higher than that of equipment, the shelf life of consumables is short, and a large amount is required. Increased acceptance of prefilled syringes, widespread use of vials in lyophilization, and increased outsourcing of filling operations are key drivers of the consumables segment. Medical consumables are the necessary consumables used in the medical system primarily to provide care in hospital and surgical environments. Moreover, The COVID-19 crisis has also significantly increased the need for consumables.
“Among End-Users, the contract manufacturing organization is expected to witness considerable CAGR during the forecast period”
Based on end-users, the market is fragmented into pharmaceuticals & biopharmaceutical companies, contract manufacturing organizations, and others. In 2020, the contract manufacturing organization segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Outsourcing cases from small bio pharmacy companies are increasing. An increase in the number of new industrial players in the field of biopharmaceutical manufacturing is likely to aid the growth of the segment of the market.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the fill-finish manufacturing market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the fill-finish manufacturing market industry and generated revenue owing to the presence of well-established market players and the growing adoption of prefilled syringes for the administration of parental drugs in the region.
Reasons to buy this report:
Customization Options:
Global fill-finish manufacturing 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.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Fill Finish Manufacturing Market Covid-19 Impact
6. Global Fill Finish Manufacturing Market Revenue, 2019-2027f
7. Market Insights By Product
8. Market Insights By End-users
9. Market Insights By Region
10. Fill Finish Manufacturing Market Dynamics
11. Fill Finish Manufacturing Market Opportunities
12. Fill Finish Manufacturing Market Trends
13. Legal & Regulatory Framework
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Global Fill-Finish Manufacturing Market Analysis (2021-2027)
Analyzing the historical market, estimating of the current market, and forecasting the future market of the global fill-finish manufacturing market were the three major steps undertaken to create and analyze the adoption of fill-finish manufacturing 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 manufacturing 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 manufacturing 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 manufacturing market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product and end-users. 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 manufacturing market. Further, we conducted factor analysis using dependent and independent variables such as product and end-users. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the fill-finish manufacturing 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 manufacturing 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., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
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, and 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
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global fill-finish manufacturing market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and end-users in the global fill-finish manufacturing market.
The main objective of the Global Fill-finish manufacturing Market Study
The current & future market trends of global fill-finish manufacturing market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were 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 as a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought
Antibiotic Resistance Market: Current Analysis and Forecast (2024-2032)
Emphasis on Disease Type (Urinary Tract Infections, Intra-Abdominal Infections, Blood Stream Infections, Clostridium Difficile Infections, And Others); Pathogen Type (Acinetobacter baumannii, Pseudomonas aeruginosa, Staphylococcus aureus, Streptococcus pneumoniae, and Others); Drug Class (Oxazolidinones, Lipoglycopeptides, Tetracyclines, and Others); and Region/Country
October 8, 2024
