Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Fill-finish Pharmaceutical Contract Manufacturing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
Global Fill-finish Pharmaceutical Contract Manufacturing Market was valued at USD 7.27 billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5.74% through 2029
The Global Fill-finish Pharmaceutical Contract Manufacturing Market refers to the industry segment within the pharmaceutical sector that focuses on the final stages of drug production, specifically the filling and packaging of pharmaceutical products. This market involves the outsourcing of these critical processes to specialized contract manufacturing organizations (CMOs) by pharmaceutical companies.
Advanced Automation and Robotics
The integration of automation and robotics is poised to revolutionize the fill-finish process. These technologies enhance efficiency, reduce human error, and improve aseptic conditions. Automated systems for vial filling, syringe assembly, and labeling streamline production while maintaining product integrity. Robotics enable precision handling of delicate biopharmaceutical products, furthering the industry's commitment to quality and safety.
Single-Use Technologies
The adoption of single-use technologies is gaining momentum in pharmaceutical manufacturing, including fill-finish processes. These technologies offer reduced cross-contamination risks, faster changeovers between products, and decreased cleaning and validation requirements. As sustainability gains prominence, single-use technologies align with the industry's commitment to reducing environmental impact.
Rapid Response Capabilities
The ongoing pandemic highlighted the need for rapid response capabilities in pharmaceutical manufacturing. Fill-finish contract manufacturers are likely to invest in flexible and scalable processes that can quickly adapt to changing demands. This agility will enable the industry to respond effectively to unforeseen challenges and emerging therapeutic needs.
Segmental Insights
Product Type Insights
In 2023, the global fill-finish pharmaceutical contract manufacturing market was dominated by the prefilled syringes segment is predicted to expand over the coming years. The prefilled syringe segment is expected to grow at the highest CAGR. Prefilled syringes are the most widely used drug delivery method for both novel complex biologic drugs and traditional small molecule drugs, and it offers convenience to healthcare providers and patients alike, as it eliminates the need for manual syringe filling, thus reducing the risk of dose errors and contamination. High market shares of the vials segment are mainly attributed to the development of advanced vial filling equipment, and it is clear that the vast majority of biologics and vaccines are filled into vials for maximum safety and leakage prevention. The segment is projected to experience the highest compound annual growth rate (CAGR) from 2024 to 2029.
Molecule Type Insights
In 2023, the global fill-finish pharmaceutical contract manufacturing market was dominated by large molecules segment and small molecules segment is predicted to expand over the coming years. In 2023, the large molecules segment accounted for the largest revenue share. The large molecule sector is emerging as the next generation of therapeutics for biopharma. This puts it at the forefront of drug development, as biologics can address unmet medical need. The small molecules pharmaceutical segment is expected to grow at the fastest compound annual growth rate (CAGR) over the next decade. The growing number of small molecule products being developed over the last decade will support the growth of the small molecules-based fill-firm segment. Several pharma companies have a strong pipeline of small molecule-based products in their late-stage clinical development phase.
Regional Insights
The Asia-Pacific region has established itself as the leader in the global Fill-finish Pharmaceutical Contract Manufacturing market. Asia Pacific pharmaceutical contract manufacturing fill-finish market is expected to grow at an impressive CAGR. Factors such as increasing investment in clinical research, improved healthcare infrastructure, expanding number of contract marketing organizations (CMOs), and growing number of filled-finish facilities are driving the market in Asia Pacific. In addition, wages and material costs are lower in China and India, which is driving the market. The rapid growth of the biopharma industry is expected to be a major driver of fill-manufacturing fill-finish in the region.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $7.27 Billion |
| Forecasted Market Value (USD) by 2029 | $10.12 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Key Market Players
- AbbVie Inc.
- Boehringer Ingelheim International GmbH
- Catalent Inc.
- Pfizer Inc.
- Baxter Pharmaceutical Solutions LLC
- Eurofins Scientific SE
- Symbiosis Pharma Pvt Ltd
- MabPlex International Co. Ltd.
- Fresenius Kabi Manufacturing
- Novartis AG
Fill-finish Pharmaceutical Contract Manufacturing Market, By Product Type:
- Prefilled Syringes
- Vials
- Cartridges
- Others
Fill-finish Pharmaceutical Contract Manufacturing Market, By Molecule Type:
- Large Molecules
- Small Molecules
Fill-finish Pharmaceutical Contract Manufacturing Market, By End-User:
- Pharmaceutical & Biotechnology Companies
- Contract Manufacturing Organizations
- Others
Fill-finish Pharmaceutical Contract Manufacturing Drugs Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
For more information about this report visit https://www.researchandmarkets.com/r/8c47da
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