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.
Global Leaders:
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).
Different Growth Strategies Adopted by Key Players:
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.
Expected Revenue Growth:
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.
Growth Boosting 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.
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.
Europe accounted for the largest share of the fill-finish manufacturing market in 2019
The large share of Europe in this market is attributed to factors such as growing focus on the development of biosimilar due to the patent expiry of key biologics products. In addition, well-established reimbursement systems for drugs have further enhanced the demand for biologics among patients by making them affordable to consume, and to fulfill this, biopharmaceutical companies have increased their production volumes and expand production capacities.
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