Global Fill Finish Manufacturing Industry is Expecting Major Surge in Revenue in the Near Future

Overview of This Study:

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.

Major Growth Influencing Factors:

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 or restricted access barrier systems (RABS) is a factor expected to limit the growth of this market to a certain extent.

Projected Revenue Growth:

The global fill finish manufacturing market size is projected to grow from USD 7.5 billion in 2020 to USD 12.1 billion by 2025, at a CAGR of 10.0% during the forecast period.

Recent developments:

# In 2017, Syntegon Technology GmbH (Germany) launched a technologically advanced filling and closing machine, ALF 5000.

# In 2017, IMA S.P.A. (Industria Macchine Automatiche) launched an integrated fill-finish machine, INJECTA.

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End Users:

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.

Geographical Growth Scenario:

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.

Key Questions Addressed by the Report:

# Who are the major market players in the fill finish manufacturing market?
# What are the regional growth trends and the largest revenue-generating regions in the fill finish manufacturing market?
# What are the major drivers and challenges in the fill finish manufacturing market?
# What are the major product segments of the market?
# What are the major end-users for fill finish manufacturing?

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