Fill Finish Manufacturing Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2031


Posted May 11, 2024 by mansi3210

Global fill finish manufacturing market is anticipated to grow at a CAGR of 15.1% during the forecast period (2024-2031).

 
Global fill finish manufacturing market is anticipated to grow at a CAGR of 15.1% during the forecast period (2024-2031). The market growth is attributed to the growing use of pre-filled syringes for parenteral dosages, growing demand for vaccines and biologics, and increasing pharmaceutical and biotechnology applications globally driving the growth of the market. The demand for fill-finish capabilities is growing owing to several factors, such as larger drug development pipelines, a shift toward more complex medications (primarily the rise in biologics), the need for flexibility during the manufacturing process, and stricter regulatory requirements.

The increasing strategic investment expands the BPS manufacturing footprint and adds state-of-the-art equipment designed to help products achieve stability and improved shelf life through lyophilization (freeze drying). It also adds an aseptic syringe filling line, enabling BPS to meet the growing demand for this delivery platform in both Europe and the US. For instance, in November 2021, Baxter International Inc. announced a $100.0 million investment in BioPharma Solutions Halle/Westfalen, Germany sterile fill/finish manufacturing facility. This facility is operated by BioPharma Solutions (BPS), a business unit of Baxter that specializes in partnering with pharmaceutical and biotech companies on the development and contract manufacturing of drug products for parenteral (injectable) pharmaceuticals.

For filled vials, syringes, cartridges, and other medical-grade items, fill and finish processes are necessary to ensure that the appropriate amount of sterile and contamination-free products are added and sealed consistently. Market players expanding commercial filling lines to efficiently boost the capacity of aseptic manufacture for a global clientele. For instance, in October 2023, Vetter Pharma-Fertigung GmbH & Co. KG announced an investment of €230.0 million ($248.9 million) in several new commercial filling lines to effectively increase aseptic manufacturing capacity for the global customer base. The expansion of filling capacity through new commercial production lines at other sites in the EU, the expansion in cool storage and warehousing, as well as a new technical equipment warehouse.

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Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Product

· By End-Users

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- AbbVie Inc., Baxter International Inc., Becton, Dickinson and Company (BD), Novartis AG, Pfizer Inc., among others.

Fill Finish Manufacturing Market Report Segment

By Product

• Vial

• Prefilled Syringes

• Cartridge

• Other (Consumables)

By End-Users

• Pharmaceutical & Biotechnology Companies

• Contract Manufacturing Organization

• Others

A full Report of Fill Finish Manufacturing Market is Available @ https://www.omrglobal.com/industry-reports/fill-finish-manufacturing-market

Fill Finish Manufacturing Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Almac Group

• Boehringer Ingelheim International GmbH

• Catalent, Inc.

• 6Cytovance Biologics

• Fresenius Kabi Contract Manufacturing

• Gerresheimer AG

• Grifols, S.A.

• Jubilant HollisterStier LLC

• Lonza Group Ltd.

• Nipro Corp.

• Piramal Pharma Solutions

• Recipharm AB

• Sandoz Group AG

• Sartorius AG

• Thermo Fisher Scientific Inc.

• Vetter Pharma-Fertigung GmbH & Co. KG

• West Pharmaceutical Services, Inc.

• WuXi Biologics Co., Ltd.

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About Orion Market Research
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Issued By MANSI
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Categories Business , Manufacturing
Last Updated May 11, 2024