Fill Finish Manufacturing Market - Global Industry Dominators | Monetary Growth
Posted by Makarand Vaidya on July 11th, 2019
Technological advancements in fill-finish products, growth of the biopharmaceutical industry, rising adoption of prefilled syringes, and increase in fill-finish outsourcing are the major factors driving this market.
Product launches remain at the center of the strategic growth initiatives adopted by a majority of key players in the global fill-finish manufacturing market. Companies such as Schott (Germany), Stevanato (Italy), Gerresheimer (Germany), Robert Bosch (Germany), and Becton, Dickinson and Company (US) have been focusing on product launches to enhance their market presence. Players also focused on increasing their presence in high-growth markets through inorganic growth strategies, such as partnerships, collaborations, agreements, expansions, and acquisitions.
The global fill-finish manufacturing market is estimated to account for USD 2.96 Billion in 2017 and projected to reach USD 4.47 Billion by 2022, at a CAGR of 8.6%.
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Becton, Dickinson and Company (US) is the dominant player in the global fill-finish manufacturing market. The company offers a wide range of products in the market which includes consumables, such as pre-filled syringes. For instance, in 2016, BD expanded its production facility in Hungary. The company invested approximately USD 121 million (EUR 110 million) to provide additional production lines for prefilled syringes and plastic security devices. In the same year, the company also launched its BD Neopak 2.25 mL prefillable glass syringe. With its strong geographic presence and extensive product portfolio, the company is expected to witness strong growth in the fill-finish manufacturing market during the forecast period. The company focuses on organic strategies to maintain its position in the market.
Robert Bosch (Germany) is another leading player operating in the fill-finish manufacturing market. The company offers an extensive product portfolio in the market through its Industrial Technology business segment. For instance, in 2016, Robert Bosch launched a new filling and closing machine AFG 5000. The company focuses on product innovation to strengthen its position in the market. The company offers qualitative and innovative products to its end users. Robert Bosch has a strong geographic presence across the Americas, Asia, Africa, Europe, and Australia.
Some other leading players in the global fill-finish manufacturing market include West Pharmaceutical Services (US) Gerresheimer AG (Gerresheimer) (Germany), IMA (Italy), OPTIMA (Germany), and Nipro Medical Corporation (US). These companies have well-established sales and distribution networks across the globe. They also make significant investments in R&D activities to develop innovative technologies and products. Focus on innovation plays an important role in this market.
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