According to Report Study, the global fill-finish pharmaceutical contract manufacturing market was surpassed at USD 8.2 billion in 2021 and is expected to hit around USD 14.3 billion by 2030, growing at a CAGR of 6.37% from 2022 to 2030.
According to Report Study, the global fill-finish pharmaceutical contract manufacturing market was surpassed at USD 8.2 billion in 2021 and is expected to hit around USD 14.3 billion by 2030, growing at a CAGR of 6.37% from 2022 to 2030.
Increasing demand for drugs across global market and advantage of the reduction in the overall investment for developing drugs with contract manufacturing are the key factors driving the growth of the market. Contract fill-and-finish services are one of the most commonly outsourced services presently. Almost all pharmaceutical and biotech firms outsource at least some of their fill-and-finish requirements.
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Unpredicted demand, second source policies, and better matching scale with need are all factors to consider when utilizing a CMO’s capacity. Highly specialized capabilities like prefilled syringes, lyophilization, and cartridges, as well as novel therapeutics, necessitate specialized manufacturing that is more cost-effective to outsource. Firms with in-house aseptic fill/finish capacity outsource 39% of their fill and finish requirements, according to contract pharma. Furthermore, filling accounts for 59% of the market, while lyophilization accounts for 24%.
However, the COVID-19 pandemic spurred the development of COVID-19 vaccines, antibody therapy, antiviral drugs, and a variety of other related pharmaceutical products. The pandemic severely impacted countries such as Brazil, India, the U.S., and major European countries, increasing demand for biopharmaceutical products and, as a result, drug production. Vaccines and biologics require special manufacturing and fill-finish equipment and procedures to ensure product quality and safety, necessitating advanced analytical competencies and adaptable aseptic fill-finish technologies. This resulted in the positive impact of covid-19 on the market.
Scope of The Report
Report Coverage Details
Market Size in 2021 USD 8.2 billion
Revenue Forecast by 2030 USD 14.3 billion
Growth rate from 2022 to 2030 CAGR of 6.37%
Base Year 2021
Forecast Period 2022 to 2030
Segmentation Product type, molecule type, end-user, region
Companies Covered AbbVie Inc.; BoehringerIngelheim; Pfizer; CatalentInc; Recro Pharma, Inc.; Baxter’s BioPharma Solutions; Eurofins Scientific; Symbiosis Pharmaceutical Service; MabPlex International Co. Ltd.; Recipharm AB; Fresenius Kabi Contract Manufacturing; Novartis
Product Type Insights
The prefilled syringes segment is expected to witness a fastest CAGR of 6.6% in the market for fill-finish pharmaceutical contract manufacturing over the forecast period. Prefilled syringes are a well-established technique of drug delivery for both new complex biologic drugs as well as traditional small molecule drugs. They have several benefits over other container types, such as reduced medication errors, fast and safe administration and preparation, longer storage, and a lower risk of overfill, all of which result in development costs and reduced batch volumes. Hence, due to the aforementioned factors, the segment is poised to witness considerable growth across the forecast period.
The vials segment on the other hand is anticipated to hold the highest market share across the forecast period. High shares of the segment is majorly due to increasing technological advancements amongst the vial filling equipment’s. Moreover, it is evident that majority of biologics and vaccines are filled in vials for extreme safety and to avoid leakage. Thus, the segment has held the highest share across the analysis timeframe. Additionally, several CMOs are focusing on the development of novel vial filling technologies for efficient and safe fill finish process. For instance, in February 2022, Recro Pharma, Inc. a CDMO, announced the addition of new lyophilization capabilities to its wide range of contract manufacturing offerings. The company’s fill finish aseptic suite will feature an automated, sterile, vial filling platform with the capacity of filling 2,000 presterilized vials per hour.
Molecule Insights
The large molecules segment dominated the market for fill-finish pharmaceutical contract manufacturing and accounted for the maximum revenue share of 67.3% in 2021. Large-molecule sector is evolving as the next era of therapeutics in biopharma, putting it at the frontline of drug development due to the potential for biologics have potential to treat unmet medical needs. The rising popularity and importance of biologics can be seen in the increasing number of biologics approvals: in 2020, FDA Center for Drug Evaluation and Research approved 53 new molecular entities (NMEs), 13 of which were large molecules (25%). According to Evaluate Vantag, new FDA drug approvals are also expected to generate considerable value in 2021, with ten drugs expected to achieve prospective Broadway status by 2026, five of which are large molecules. Moreover, the fill finish services are majorly done for biologics or large molecules, which are mostly commercialized in the form of injectable. Hence, the increasing demand for such drug products are simultaneously supporting the demand for its fill finish services, thus augmenting segmental growth.
The small molecules pharmaceutical industry is reflecting a significant surge in demand across the forecast timeframe. Increasing number of small molecules being developed across the past decade, will strongly support small molecules-based fill finish segment’s growth. Moreover, several pharmaceutical companies have a robust pipeline of small molecules-based products that are in their late-stage clinical development phase, thus reflecting a lucrative growth for the segment.
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End-user Insights
The biopharmaceutical companies segment dominated the market for fill-finish pharmaceutical contract manufacturing and accounted for the revenue share of 54.9% in 2021. Increase in the development of the drugs and vaccines are the key factors for the growth of the market. There are several challenges during the fill-finish manufacturing such as special processes, complex mechanical equipment (filling, dispensing, and sealing systems) to address this biopharma companies to collaborate with CDMOs/ CMOs that specializes in high-volume injectable fill-finish development and manufacturing. This would drive the growth of the market.
Companies typically consider outsourcing biopharmaceutical fill-and-finish to a CMO to gain access to production capacity or specialized manufacturing capabilities. Pharmaceutical companies with intrinsic fill-and-finish capabilities outsource 40% of their necessities on average. Growing production of small molecule drugs has led to the surge in demand for third party and contract manufacturing services of small molecules among the pharmaceutical companies as well. Sterile fill-finish is considered among the most vital steps in the pharmaceutical manufacturing process. Moreover, the complex development process of small molecule APIs has further boosted demand for suitable sterile fill finish processes across the pharmaceutical companies, thus boosting demand for outsourcing services in the pharma industry.
Regional Insights
In Asia Pacific, the fill-finish pharmaceutical contract manufacturing market is projected to witness a CAGR of 6.3% over the forecast period. The region is also accounted for the largest market share of 35.3% in 2021 due to factors such as increasing investment by the companies in clinical research, improving healthcare infrastructure, larger number of CMOs expanding and increasing number of fill-finish facilities being constructed in the region. For instance, In August 2021, Lonza is adding capacity at its biologics manufacturing facility in Guangzhou, China, by installing a new fill-finish line. Moreover, wages and material cost is cheaper in China and India that drives the market for fill-finish pharmaceutical contract manufacturing. The rapid expansion of the biopharmaceutical industry could be a major factor driving up demand for fill-finish manufacturing in the region.
However, with increasing demand for products to treat COVID-19 infection, biopharmaceutical and pharmaceutical companies in countries such as India and China, which are the largest exporters to western companies, have increased their production of APIs. For instance, in august 2020, Wockhardt Ltd under a deal announced with the U.K. government would supply millions of doses of numerous COVID-19 vaccines, as well as those being formed by AstraZeneca and Oxford University. As part of the deal, the company had also confined fill-and-finish capacity, which is the final production step of putting vaccines into syringes or vials and packaging them.
Key Players
• BoehringerIngelheim
• CatalentInc
• Recro Pharma, Inc.
• Baxter’s BioPharma Solutions
• Eurofins Scientific
• Symbiosis Pharmaceutical Service
• MabPlex International Co. Ltd.
• Recipharm AB
• Fresenius Kabi Contract Manufacturing
• Novartis
Market Segmentation
• By Product Type Outlook
• Prefilled Syringes
• Vials
• Cartridges
• Others
• By Molecule Type Outlook
• Large Molecules
• Small Molecules
• By End-user Outlook
• Biopharmaceutical Companies
• Pharmaceutical Companies
• By Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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