Asia Pacific Fill Finish Manufacturing Market
No. of Pages: 106 | Report Code: TIPRE00024806 | Category: Life Sciences
No. of Pages: 106 | Report Code: TIPRE00024806 | Category: Life Sciences
The Asia Pacific fill finish manufacturing market was valued at US$ 1,867.35 million in 2022 and is expected to reach US$ 4,202.36 million by 2030; it is estimated to grow at a CAGR of 10.7% from 2022 to 2030.
Many Asian countries are emerging as attractive outsourcing locations for various biopharmaceutical manufacturers across the globe. Low manufacturing and operating costs in China, India, and other countries in Asia are the key factors boosting contract manufacturing. Moreover, recent developments in the biopharmaceutical industry in China and India indicate significant potential for the market. The growing pipelines of biologics and biosimilars are further opening new avenues for the contract manufacturers in APAC. Contract manufacturing mostly benefits early-stage drug innovators owing to lower operational costs. To meet the growing demand, many CMOs are expanding their manufacturing capabilities. For instance, in January 2020, STA Pharmaceutical Co., Ltd—a WuXi AppTec company—opened a new large-scale oligonucleotide active pharmaceutical ingredient (API) manufacturing facility in China.
In Asia Pacific, China is the largest market for fill finish manufacturing. The growth of the market is primarily attributed to the rising technological advancements in fill finish manufacturing processes in China, increasing developments by the market players, the biopharmaceutical industry’s expansion, and the growing prevalence of chronic diseases. There are more than 500 biological product/biopharmaceutical companies in China. Most of those involved in R&D were established by returnees from abroad or by Western/joint venture companies. Although estimates vary widely, analysts believe that the Chinese government spends more than US$ 600 million annually on biotech R&D through its funding initiatives. China’s national and local governments also invest in quasi-venture capital companies that invest in IT enterprises.
The market players are expanding their business through organic and inorganic growth strategies. For instance, WuXi Biologics increased the capacity of prefilled syringes (PFS) to 17 million units yearly in June 2022 by opening its drug product factory in Wuxi, China.
The most recent D.P. facility operated by WuXi Bio, a contract development manufacturing organization (CDMO), is called DP5, and it has an advanced isolator filling line for reliable, continuous filling services. According to the company, this provides PFS with a variety of volume delivery options, including 1.25 mL, 3 mL, 1 mL, and 1 mL.
Strategic insights for the Asia Pacific Fill Finish Manufacturing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1,867.35 Million |
Market Size by 2030 | US$ 4,202.36 Million |
Global CAGR (2022 - 2030) | 10.7% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Product
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific Fill Finish Manufacturing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific fill finish manufacturing market is segmented based on product, modality, end user, and country. Based on product, the Asia Pacific fill finish manufacturing market is bifurcated into consumables and instruments. The consumables segment held a larger market share in 2022. Furthermore, the consumables is sub segmented into prefilled syringes, glass vial/plastic vials, cartridges, and others.
In terms of modality, the Asia Pacific fill finish manufacturing market is segmented into recombinant proteins, monoclonal antibodies, vaccines, cell therapies and biological therapies, gene therapies, and others. The vaccines segment held the largest market share in 2022.
By end user, the Asia Pacific fill finish manufacturing market is categorized into contract manufacturing organizations, biopharmaceutical companies, and others. The contract manufacturing organizations segment held the largest market share in 2022.
Based on country, the Asia Pacific fill finish manufacturing market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific fill finish manufacturing market share in 2022.
Becton Dickinson and Co, Gerresheimer AG, IMA Industria Macchine Automatiche SpA, Maquinaria Industrial Dara SL, Nipro Medical Asia Pacific NV, NNE AS, Optima Packaging Group Gmbh, Schott AG, SGD SA, Stevanato Group SpA, Syntegon Technology GmbH, and West Pharmaceutical Services Inc are some of the leading players operating in the Asia Pacific fill finish manufacturing market.
The Asia Pacific Fill Finish Manufacturing Market is valued at US$ 1,867.35 Million in 2022, it is projected to reach US$ 4,202.36 Million by 2030.
As per our report Asia Pacific Fill Finish Manufacturing Market, the market size is valued at US$ 1,867.35 Million in 2022, projecting it to reach US$ 4,202.36 Million by 2030. This translates to a CAGR of approximately 10.7% during the forecast period.
The Asia Pacific Fill Finish Manufacturing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Fill Finish Manufacturing Market report:
The Asia Pacific Fill Finish Manufacturing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Fill Finish Manufacturing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Fill Finish Manufacturing Market value chain can benefit from the information contained in a comprehensive market report.