The global pharmaceutical aseptic fill & finish CMO market size was valued at USD 2,100 million in 2021 and is projected to reach around USD 4,200 million in 2030 exhibiting a CAGR of 11.5% in the forecasted period. The growing demand for generic medicines and biologics is expected to upsurge the market growth. Moreover, rising need for innovative processes and production techniques, which have proven considerably effective in meeting regulatory requirements, necessity to decrease complete investment for emerging drugs, growing technological developments in fill-finish manufacturing processes and rising demand for fill-finish outsourcing are the major factors driving the growth of the market of the pharmaceutical aseptic fill & finish CMO. However, the factors such as process failures and cost of production are anticipated to confine the market growth rate.
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The customary process of fill-finish involved the practice of stainless-steel equipment connected through reusable valves, tubing, and piping. Though, with the increasing importance of specialized equipment, product safety, expertise, and care, much of this work has been subcontracted to contract manufacturers. Additionally, biosimilars are gradually influencing the need for more fill-finish CMOs. General, CMOs discloses an annual 10% -15% growth in development owing to biological drugs, mainly those presently in development for the US market in the upcoming years.
The eruption of COVID-19 positively impacted the market as pharma companies abruptly were faced with the challenge of manufacturing the many millions of vaccine doses that would possibly be needed. Many corporations such as Pfizer and AstraZeneca transported non-COVID-19 biologics out of their registered manufacturing networks to make area for the new vaccines. Owing to compressed timelines and developing scaling challenges for the COVID-19 vaccines and medicines, CMOs hired contract manufacturing service agreements at an extraordinary rate with the onset of the pandemic.
Moreover, the use of multi-product-use-oriented amenities is among the present trends observed across the industry. For example, in November 2020, Baxter’s BioPharma Solutions business, a CMO that focusses in parenteral pharmaceuticals, broadcasted the expansion of its disinfected fill-finish manufacturing facilities across Bloomington.
The market for pharmaceutical aseptic fill & finish CMO market is moderately competitive. With the rising applications of Pharmaceutical aseptic fill & finish CMO market, new players are considering to enter the market. The companies are also involved in activities like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the pharmaceutical aseptic fill & finish CMO market, ultimately boosting the market growth.
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Competitive Analysis
Baxter BioPharma Solutions, Boehringer Ingelheim, Vetter Pharma, Fresenius Kabi, Pfizer CentreOne, Aenova, WuXi Biologics, Jubilant HollisterStier, Bushu Pharmaceuticals, LSNE Contract Manufacturing, Ajinomoto Bio-Pharma Services, CMIC CMO, GRAM (Grand River Aseptic Manufacturing), TAIYO Pharma Tech Co.,Ltd., HALIX, Cognate BioServices, Afton Scientific, Novasep, Emergent BioSolutions, Seikagaku, Jiangshu YAOHAI Bio-pharmaceutical, Akron Biotech, Symbiosis Pharmaceutical Services
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