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The fill finish manufacturing market size is estimated to grow by USD 5,774.96 million between 2022 and 2027 accelerating at a CAGR of 10.22%. The prominent drivers of the fill finish manufacturing market are the growing use of analytics by CDMOs, improvements in hardware-related drawbacks, and improving customer support services.
This market report extensively covers market segmentation by product (consumables and instruments), end-user (contract manufacturing organizations and biopharmaceutical companies), and geography (Asia, North America, Europe, and Rest Of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges.
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The growing use of analytics by CDMOs is notably driving the market growth, although factors such as stringent government regulations for approval of pharmacy automation systems may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing use of analytics by contract development and manufacturing companies (CDMOs) is notably driving the market growth. CDMOs use various analytical tools and techniques such as forecast analytics, charts, percentage change analytics, and numerical analytics that help enterprises in enhancing productivity and efficiency by discovering meaningful patterns in the data. The use of analytics by CDMOs can be a complex process as it needs to be executed in real-time and in a dynamic framework. This solution also helps CDMOs to develop and utilize methods that can make the development process of a product more efficient.
Hence, various CDMOs are using analytics to offer their customers better solutions. Such a solution helps vendors to improve the overall equipment effectiveness for pharmaceutical manufacturing and packaging lines. It also helps in improving communication between engineers, line operators, and managers, which, in turn, supports them in making data-driven decisions that enhance productivity and efficiency. Hence, the growing use of analytics by CDMOs will drive the growth of the global fill-finish manufacturing market during the forecast period.
Increasing adoption of automation in healthcare is the key trend in the market. Fully automated pharmacy solutions can help save time and the cost of staffing as automation replaces manually intensive tasks, which allows researchers to devote more time to patient consultation and precision in diagnosis. Automation also improves pharmacy productivity and generates precise results by eliminating the chances of human error.
Automation also contributes to data-driven insights as the technology used to automate processes can deliver a large volume of data, which can be used for performance improvement and optimization. With each step, automated systems collect data on the working of the process and use the information to improve the same process, which increases throughput and reduces the workload on healthcare professionals. This increasing trend in the adoption of automation in healthcare is expected to drive the growth of the market during the forecast period.
One of the major challenges impeding the market growth is the stringent government regulations for the approval of pharmacy automation systems. The commercialization of the fill finish manufacturing automation system which is a pharmacy automation system is a challenging process as this system cannot be marketed without abiding by the guidelines jointly set by the Department of Public Health of the Board of Registration in Pharmacy, Drug Control Program and the Division of Health Care Quality in the US. A pharmacy must notify the board and the department prior to using an automated pharmacy system, providing information such as the name and address of the pharmacy, the hours of operation of the system, the type or name of the system, and a description of how the pharmacy would use the system.
The laws and regulations regarding the approval process of these systems vary across countries, which is a major challenge faced by multinational companies. Thus, stringent government regulations related to the fill-finish manufacturing market in several countries are expected to hamper the development and commercialization of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Fill Finish Manufacturing Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
OPTIMA packaging group GmbH - The company operates under one segment. The company offers packaging equipment for pharmaceutical, consumer, nonwoven, and life science products including single standard machines, turnkey systems, and others. The company offers fill-finish manufacturing products and services such as Aseptic Filling as its key offering.
The fill finish manufacturing market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the consumables segment will be significant during the forecast period. Consumables are designed to act as a barrier against the transmission of infections during surgical and non-surgical procedures. These products are intended for single use in hospital settings to increase safety and hygiene. The increasing number of surgical procedures, growing demand for various diagnostic procedures, rising incidences of contagious and infectious diseases, and the increasing awareness among healthcare providers to maintain safety and hygiene in hospitals are the major factors that are anticipated to drive the growth of the consumables segment of the global fill-finish manufacturing market during the forecast period.
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The consumables segment was valued at USD 3,703.92 million in 2017 and continued to grow until 2021. The segment includes gloves, gowns, face masks, drapes, bandages and wraps, and surgical sponges. These products are mainly used for surgical and non-surgical applications, including radiology, sterilization, dialysis, and wound care. Disposable respiratory and face masks and gloves are the commonly used consumables by healthcare workers. Vendors, such as 3M Co., Smith and Nephew, and Thermo Fisher Scientific Inc., offer a wide range of consumables in the global market.
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Asia is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Asia is the highest revenue contributor to the global fill-finish manufacturing market. The region is led by China, followed by India, Thailand, South Korea, and Japan. China and India have an improved healthcare infrastructure consisting of a significant number of hospitals and retail pharmacies that increasingly demand fill-finish manufacturing to reduce medication errors and manage the high number of orders daily. The country also sees an increase in demand from the CMO segment.
The CMO segment of the market in Asia is expected to witness significant growth during the forecast period, primarily due to the high market penetration of generic drugs and the increasing adoption of advanced technologies in emerging economies such as India and China. India is estimated to be the fastest-growing CMO market, owing to its cost competitiveness. Countries in Asia are gaining popularity compared with developed countries of Europe and North America owing to their cost competitiveness. This advantage is a result of the availability of resources in abundance, including labor and raw materials, and the availability of land at a low cost for setting up manufacturing facilities.
In 2020-2021, the outbreak of COVID-19 in the region positively impacted the growth of the regional market. The outbreak increased the demand for various pharmaceuticals used in the treatment of COVID-19 patients. This led to an increase in demand for various pharmaceuticals and, in turn, the demand for fill finish manufacturing in 2021. The regional market is expected to register a moderate growth rate, owing to the increasing demand for consumables and the containment of the COVID-19 pandemic during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Fill Finish Manufacturing Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.22% |
Market growth 2023-2027 |
USD 5,774.96 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.56 |
Regional analysis |
Asia, North America, Europe, and Rest of World (ROW) |
Performing market contribution |
Asia at 41% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AbbVie Inc., Asymchem Inc., BAUSCH Advanced Technology Group, Becton Dickinson and Co., Biocon Ltd., Catalent Inc., Fresenius SE and Co. KGaA, Gerresheimer AG, groninger and co. gmbh, IMA Industria Macchine Automatiche Spa, Maquinaria Industrial Dara SL, Merck KGaA, Nipro Pharma Packaging International NV, OPTIMA packaging group GmbH, Recipharm AB, SCHOTT AG, Syntegon Technology GmbH, Thermo Fisher Scientific Inc., Vetter Pharma Fertigung GmbH and Co. KG, West Pharmaceutical Services Inc., and WuXi Biologics Cayman Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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