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Fill Finish Manufacturing Market : Statistics, Top Key Players, Future Forecast and CAGR (10.7%) Analysis- Exclusive Report by MarketsandMarkets™

05-30-2023 10:25 AM CET | Health & Medicine

Press release from: MarketsandMarkets

Fill Finish Manufacturing Market

Fill Finish Manufacturing Market

Fill Finish Manufacturing Market is projected to reach USD 15.2 billion by 2027 from USD 9.2 billion in 2022, at a CAGR of 10.7% during the forecast period, according to a new report by MarketsandMarkets™. Factors such as advancements in technology in manufacturing processes of fill-finish market and increasing growth in biopharmaceutical industries are driving the market.

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Browse in-depth TOC on "Fill Finish Manufacturing Market"

134 - Tables
27 - Figures
156 - Pages

Key Questions Addressed by the Report:

Who are the major market players in the fill-finish manufacturing market?
What are the regional growth trends and the largest revenue-generating regions in the fill-finish manufacturing market?
What are the major drivers and challenges in the fill-finish manufacturing market?
What are the major product segments of the market?
What are the major end-users for fill-finish manufacturing?

List of Key Players:

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).

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The consumables segment accounted for the largest share of the fill-finish manufacturing market, by product, in 2021

On the basis of products, the fill-finish manufacturing industry is divided broadly into consumables and instruments. In 2021, the consumables segment accounted for the largest market share. Factors such as increasing demand for prefilled syringes and the rising use of disposable packaging for biologics are driving the market.

The integrated systems segment accounted for the largest share of instruments, by systems, in the fill-finish manufacturing market in 2021

On the basis of systems, the instrument segment is segmented into integrated systems and standalone systems. In 2021, the integrated systems segment dominated the market. Factors such as benefits of integrated system over standalone systems, such as high-speed lines performing multiple operations, increase productivity are driving the adoption of integrated systems in fill-finish operations of drugs.

Europe accounted for the largest share of the fill-finish manufacturing market in 2021

In 2021, Europe accounted for the largest share of the market among all the regions. Factors such as 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 and increasing focus on the development of biosimilar due to the patent expiry of key biologics products.

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About MarketsandMarkets™

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, "Knowledge Store" 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.

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