Dublin, Nov. 17, 2022 (GLOBE NEWSWIRE) -- The "Global Fill Finish Manufacturing Market" report has been added to ResearchAndMarkets.com's offering.
The global fill-finish manufacturing market size is projected to grow from USD 15.2 billion by 2027 from USD 9.2 billion in 2022 at a CAGR of 10.7% from 2022 to 2027
Factors such as the rising adoption of prefilled syringes for parenteral dosage forms and increasing technological advancements are driving the market. The high costs associated with restricted access barrier systems (RABS) is a factor expected to limit the growth of this market.
The prefilled syringes segment is expected to grow at the highest CAGR during the forecast period in the fill-finish manufacturing market
The consumables segment is divided into prefilled syringes, vials, cartridges, and other consumables such as ampoules, bottles, and IV bags. During the forecast period the prefilled syringes sub-segment is projected to grow at the highest CAGR. Factors responsible for the growth are its advantages such as safety, lower cost, ease of administration, time & accuracy benefits, and biologic sterility.
The automated machines segment, by machine type segment is expected to grow at the highest CAGR during the forecast period
On the basis of machine type, the instrument segment is segmented into automated machines and semi-automated and manual machines. During the forecast period the automated machines segment is expected to grow highest. Factors such as reduction of cost of maintenance, labor overheads, increase productivity for fill-finish manufacturing processes and automated machines reduce the risks of contamination due to limited human interaction are driving the segmental growth.
Asia Pacific to account for the largest share of the global fill-finish manufacturing market during the forecast period
During the forecast period, Asia Pacific is expected to be the fastest-growing segment. The growth of the region is attributed to factors such as growing investments by CMOs, increase in biopharmaceutical players in Asian countries, increasing government support and developments in R&D infrastructure in the Asia Pacific region.
Competitive landscape
The study includes an in-depth competitive analysis of these key players, along with their company profiles, recent developments, and key market strategies.
The fill-finish manufacturing market comprises major players such as 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).
Premium Insights
- Rising Technological Advancements in Fill-Finish Manufacturing Processes to Drive Market
- Contract Manufacturing Organizations Accounted for Largest Share of Asia-Pacific Fill-Finish Manufacturing Market in 2021
- Automated Machines Will Continue to Dominate Fill-Finish Manufacturing Market in 2027
- Prefilled Syringes Segment Dominates Fill-Finish Consumables Market in 2022
Market Dynamics
Drivers
- Rising Technological Advancements in Fill-Finish Manufacturing Processes
- Growth of Biopharmaceutical Industry
- Rising Adoption of Prefilled Syringes for Parenteral Dosage Forms
Restraints
- High Cost Associated with Isolators/Rabs
Opportunities
- Emerging Markets
Challenges
- Maintaining Sterility in Fill-Finish Manufacturing Operations
Trends
- Growing Outsourcing of Fill-Finish Operations
- Impact of COVID-19 on Fill-Finish Manufacturing Market
Company Profiles
Major Players
- Syntegon Technology GmbH
- I.M.A. (Industria Macchine Automatiche) S.P.A
- Becton, Dickinson and Company (Bd)
- Stevanato Group
- West Pharmaceutical Services
- Optima Packaging Group GmbH
- Bausch+Strobel
- Groninger & Co. GmbH
- Sgd Pharma
- Schott Ag
- Gerresheimer Ag
- Nipro Corporation
- Bausch Advanced Technology Group
- Vanrx Pharmasystems Inc.
- Maquinaria Industrial Dara Sl
Other Companies
- Marchesini Group S.P.A.
- Steriline S.R.L
- Ast
- Reagent Chemical & Research, Inc.
- Aseptic Technologies
For more information about this report visit https://www.researchandmarkets.com/r/t27px5
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