Fill Finish Manufacturing Market Growing at a CAGR of 10.0% - Research Provides Detailed Analysis of Trends, Growth and Forecast
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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6249609
The consumables segment accounted for the largest share of the fill-finish manufacturing market, by product, in 2019.
Based on products, the fill-finish manufacturing industry is segmented broadly into consumables and instruments. The consumables segment accounted for the largest market share in 2019. The large share and high growth of this segment can primarily be attributed to the rising demand for prefilled syringes, wide applications of vials in lyophilization, and the growing use of disposable packaging for biologics.
The integrated systems segment accounted for the largest share of instruments, by systems, in the fill-finish manufacturing market in 2019
Based on systems, the instrument segment is divided into integrated systems and standalone systems. The integrated systems segment dominated the market in 2019. Owing to its benefits over standalone systems, such as increase productivity and high-speed lines performing multiple operations on the same unit, are driving the adoption of integrated systems in fill-finish operations of drugs.
Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=6249609&utm_source=openpr&utm_medium=referral
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.
The major companies in the fill-finish manufacturing market are 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).
Syntegon Technology GmbH (Germany) is one of the leading players in the global fill-finish manufacturing market. In 2019, the company's revenue was approximately 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 also adopts organic strategies such as product launches to maintain its position in this market.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=6249609&utm_source=openpr&utm_medium=referral
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fill Finish Manufacturing Market Growing at a CAGR of 10.0% - Research Provides Detailed Analysis of Trends, Growth and Forecast here
News-ID: 2673550 • Views: 168
More Releases from MarketsandMarkets™
Software Asset Management Market Growth Report, Size Gaining 2022-2026
According to MarketsandMarkets. the global Software Asset Management Market size expected to grow at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period, to reach USD 4.8 billion by 2026 from USD 2.0 billion in 2021. Key factors that are expected to drive the growth of the market are the rising need to manage audits and meet regulatory compliance standards, growing need to manage and optimize the
MarketsandMarkets™ predicts IPTV Market Size worth $115.2 billion by 2026
The global IPTV Market size is projected to grow from USD 50.9 billion in 2021 to 115.2 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. The major factors driving the growth of the IPTV Market are the growing preference for video-on-demand and growing demand for high-definition channels, Increase in internet video advertising, and rising internet penetration. Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79583912 Browse in-depth
Veterinary Ultrasound Market worth $449 million by 2027 - Leading Key Players ar …
Veterinary Ultrasound Market is projected to grow from USD 334 million in 2022 to USD 449 million by 2027, at a CAGR of 6.1% from 2022 to 2027, according to a new report by MarketsandMarkets™. With the increasing penetration of pet insurance and the increasing pet care expenditure, access to high-cost diagnostic and treatment procedures for various veterinary health conditions is expected to increase in the coming years. This is
Neuromodulation Market worth $10.4 billion by 2027 - Leading Key Players are Med …
Neuromodulation Market is projected to grow from USD 6.0 billion in 2022 to USD 10.4 billion by 2027, at a CAGR of 11.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. The market is driven by government support for research on neurological disorder along with increasing prevalence of neurological disorders. Emerging economies are expected to provide lucrative growth opportunities for the market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=921&utm_source=openpr&utm_medium=referral Browse in-depth TOC