HighTech Business Decisions’ New Biopharmaceutical Fill-and-Finish Contract Manufacturing Study Shows Market Growth and New Opportunities
By Business Wire News
By Business Wire News
SAN JOSE, Calif.
The market for biopharmaceutical contract fill-and-finish services has grown at a compound annual rate of 17% over the past three years. This market will continue to expand and reach $2.4 billion in 2020 according to HighTech Business Decisions latest report, “Biopharmaceutical Contract Fill-and-Finish: Best Practices Study 2015.” On average, executives from contract manufacturing organizations expect future annual market growth of 15% per year. Driving this growth for fill-and-finish services is demand for biotechnology drugs, investment in biotechnology projects, and new service offerings. The biotechnology industry continues to rely on fill-and-finish contract manufacturing organizations to provide filling and lyophilization capacity for both its commercial- and clinical-phase drug product production.
“Over the past few years we have seen strong industry growth for outsource fill-and-finish services for biopharmaceuticals,” said William Downey, president of HighTech Business Decisions. “The biopharmaceutical fill-and-finish contract manufacturing organizations continue to show strong optimism about the demand for their services. On a technical side, the use of prefilled syringes continues to expand, and there continues to be strong interest in needle-free technologies. From a strategic perspective, we expect to see more industry consolidations over the next few years, new market entrants, and greater in-house fill capacity. As a result of these trends, we expect industry capacity utilization rates will remain flat.”
HighTech Business Decisions just published the results of its study in “Biopharmaceutical Contract Fill-and-Finish: Best Practices Study 2015.” The findings are based on in-depth interviews and inputs from leading pharmaceutical and biotechnology companies and contract manufacturing organizations. This 550-page industry report with over 200 summary data tables and charts analyzes both the commercial and technical factors affecting this industry. The report covers current and future market size, manufacturing technologies, client outsourcing plans, contract outsource capacity, pricing, commercial terms and practices, underserved market segments, and future industry trends.
HighTech Business Decisions
William Downey, 408-978-1035