Global Fill Finish Manufacturing Market worth 12.1 billion USD by 2025


Posted October 13, 2020 by mmvaidya

The global fill-finish manufacturing market size is projected to reach USD 12.1 billion by 2025 from USD 7.5 billion in 2020.
 
The major factors driving the growth of this market include rising technological advancements in fill-finish manufacturing processes, the growth of the biopharmaceutical industry, and the rising adoption of prefilled syringes for parenteral dosage forms.

The global Fill Finish Manufacturing Services Market size is projected to reach USD 12.1 billion by 2025 from USD 7.5 billion in 2020, at a CAGR of 10.0% during the forecast period.

The study involved two major activities in estimating the current market size of the fill-finish manufacturing market. Exhaustive research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

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The integrated systems segment accounted for the largest share of instruments, by systems, in the fill finish manufacturing market in 2019

Based on systems, the instrument segment is divided into integrated systems and standalone systems. The integrated systems segment dominated the market in 2019. Owing to its benefits over standalone systems, such as increase productivity and high-speed lines performing multiple operations on the same unit, are driving the adoption of integrated systems in fill-finish operations of drugs.

The consumables segment accounted for the largest share of the fill finish manufacturing market, by product, in 2019

Based on products, the Fill Finish Manufacturing Services Market is segmented broadly into consumables and instruments. The consumables segment accounted for the largest market share in 2019. The large share and high growth of this segment can primarily be attributed to the rising demand for prefilled syringes, wide applications of vials in lyophilization, and the growing use of disposable packaging for biologics.

Europe accounted for the largest share of the fill finish manufacturing market in 2019

The large share of Europe in Fill Finish Manufacturing Services Market is attributed to factors such as growing focus on the development of biosimilar due to the patent expiry of key biologics products. In addition, well-established reimbursement systems for drugs have further enhanced the demand for biologics among patients by making them affordable to consume, and to fulfill this, biopharmaceutical companies have increased their production volumes and expand production capacities.

Key Market Players:

The major companies in the fill-finish manufacturing market include Becton, Dickson and Company (US), Syntegon Technology GmbH (Germany), I.M.A. (Industria Macchine Automatiche) S.p.A. (Italy), Stevanato Group (Italy), West Pharmaceutical Services, Inc. (US), OPTIMA Packaging Group GmbH (Germany), Bausch+Strobel (Germany), Groninger & Co. GmbH (Germany), and Gerresheimer AG (Germany).

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Contact Email [email protected]
Issued By Makarand Vaidya
Country United States
Categories Industry , News , Research
Tags Fill Finish Manufacturing Services Market , Fill Finish Manufacturing Services , Global Fill Finish Manufacturing Services Market , Fill Finish Manufacturing Services Industry , Global Fill Finish Manufacturing Services Industry
Last Updated October 13, 2020