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(Medical-NewsWire.com, June 04, 2021 ) The global Fill Finish Manufacturing 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 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. However, the high costs associated with isolators and RABS is a factor expected to limit the growth of this market to some extent
The prominent players in the global 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). These players have adopted various growth strategies such as product launches, acquisitions, agreements, partnerships, and expansions to increase their presence in the global fill-finish manufacturing industry.
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Becton, Dickinson and Company (US) is the leading player in the global Fill Finish Manufacturing Market. The Pharmaceutical Systems division of the firm’s Medical segment deals with prefilled syringes. This subsegment reported an increase in revenue of approximately USD 7 billion in FY 2019 as compared to 2018. This increase indicates positive sales growth in pharmaceutical drug delivery systems, inclusive of prefilled syringes. It is expected to witness strong sales in the fill-finish manufacturing industry during the forecast period. The major end-user of these syringes are pharmaceutical companies that use them as containers for injectable pharmaceutical products. These products are then placed in the market as drug/device combinations.
Syntegon Technology GmbH (Germany) is another leading player in the global Fill Finish Manufacturing Market. In 2019, the company’s revenue was about USD 1.4 billion. The company offers an extensive product portfolio in the market through its machinery systems segment, which includes a wide range of automated standalone machines, integrated systems, and barrier systems such as isolator systems and RABS. Over the years, isolators and RABS have witnessed increasing adoption by many pharmaceutical and biopharmaceutical companies to maintain high-quality product standards. The company focuses on product innovation to strengthen its position in the market. For instance, in 2017, the company launched its technologically advanced filling and closing machine¬, ALF 5000. Such product launches will strengthen the position of Syntegon Technology in the fill-finish manufacturing market.
By end user, the contract manufacturing organizations segment is expected to witness the highest growth in the Fill Finish Manufacturing Market during the forecast period.
The contract manufacturing organizations segment is expected to show the highest growth in the forecast period due to increasing outsourcing of fill-finish manufacturing processes from small-sized biopharmaceutical companies and the growing number of new entrants in the biologics manufacturing market.
Europe accounted for the largest market share during the forecast period.
The Fill Finish Manufacturing Market is divided into five major regions-Europe, North America, Asia Pacific, LATAM, and MEA. Europe accounted for the largest share of the global market, closely followed by North America. 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 this region are driving the growth of the fill-finish manufacturing industry in Europe.
The Asia Pacific region is expected to witness the highest CAGR during the forecast period, mainly due to overall growth in the biopharmaceutical industry. The growth of the APAC biopharmaceutical market is attributed to factors, such as increasing investments by CMOs & key biopharmaceutical players, increasing government support, developments in R&D infrastructure, and expertise & academic excellence in the APAC region.
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