Fill Finish Manufacturing Market Will Generate Record Revenue by 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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Finish Manufacturing Market: https://www.omrglobal.com/request-sample/fill-finish-manufacturing-market
•
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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