The Pharmaceutical Fill and Finish Outsourcing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pharmaceutical Fill and Finish Outsourcing Global Market Report 2024, The pharmaceutical fill and finish outsourcing market size has grown strongly in recent years. It will grow from $3.25 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to emergence of contract development and manufacturing organizations (cdmos, demand for specialized services, shift to outsourced models, market expansion strategies, stringent regulatory requirements.
The pharmaceutical fill and finish outsourcing market size is expected to see strong growth in the next few years. It will grow to $4.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to demand for specialized services, global market expansion, focus on core competencies, rapid market entry for new drugs, flexibility in manufacturing capacity: anticipated need for flexible manufacturing capacity to accommodate fluctuatio.. Major trends in the forecast period include increased biologics outsourcing, sustainability initiatives, geographic expansion of outsourcing hubs, technological integration for efficiency, rise in contract development and manufacturing organizations (cdmos).
The rising demand for biologic drugs is expected to propel the growth of the pharmaceutical fill and finish outsourcing market going forward. Biologic drugs, also known as biologics or biosimilars, are a class of pharmaceutical products derived from living organisms or containing components of living organisms. Drug manufacturers can use the skills and infrastructure of contract manufacturing organizations (CMOs) by outsourcing the fill and finish phase of production, allowing pharmaceutical companies to focus on the development, research, and scale-up of their biologic drugs while relying on CMOs for efficient and cost-effective fill and finish operations. For instance, in September 2022, according to Association for Accessible Medicines (AAM), a US-based trade association for generic prescription drugs and pharmaceutical chemicals manufacturers, in 2021, people in the United States got 6.4 billion prescriptions, 91% of which were generic and biosimilar medications. Annual savings from generics and biosimilars have surpassed $373 billion, an increase of around $33 billion over 2020. Therefore, the rising demand for biologic drugs will the pharmaceutical fill and finish outsourcing market.
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The pharmaceutical fill and finish outsourcing market covered in this report is segmented –
1) By State Of Finished Products: Liquid, Solids, Semi Solids
2) By Content: Organic Substances Isolated From Animal Origin, Organic Substances Isolated From Microorganisms, Inorganic Substances
3) By End-Users: Biopharmaceutical Companies, Pharmaceutical Companies
Product innovations are a key trend gaining popularity in the pharmaceutical fill and finish outsourcing market. Companies operating in the pharmaceutical fill and finish outsourcing market are developing new innovative products to sustain their position in the market. For instance, in October 2021, West Pharmaceutical Services Inc., a designer, and producer of injectable pharmaceutical packaging and delivery systems located in the United States, introduced its DeltaCube Modeling Platform and its newly released NovaGuard SA Pro Safety System for ISO 0.5mL Standard Glass Syringes. DeltaCube Modeling Platform is an online vial integrity modeling platform intended to assist developers to render better choices regarding their container closing systems. The platform provides an efficient and cost-effective tool to guide vial, stopper, and seal combination development using a big-data approach and years of packaging and testing experience.
The pharmaceutical fill and finish outsourcing market report table of contents includes:
1. Executive Summary
2. Pharmaceutical Fill and Finish Outsourcing Market Characteristics
3. Pharmaceutical Fill and Finish Outsourcing Market Trends And Strategies
4. Pharmaceutical Fill and Finish Outsourcing Market – Macro Economic Scenario
5. Global Pharmaceutical Fill and Finish Outsourcing Market Size and Growth
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26. South America Pharmaceutical Fill and Finish Outsourcing Market
27. Brazil Pharmaceutical Fill and Finish Outsourcing Market
28. Middle East Pharmaceutical Fill and Finish Outsourcing Market
29. Africa Pharmaceutical Fill and Finish Outsourcing Market
30. Pharmaceutical Fill and Finish Outsourcing Market Competitive Landscape And Company Profiles
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