Fill Finish Manufacturing Market Size, Share, Growth Analysis, By Product(Consumables [Vials (Glass Vials, Plastic Vials), Vial Stoppers, Pre-Fillable Syringes (By Component {Pre-Fillable Syringe Systems & Components), By End User(Contract Manufacturing Organizations, Pharmaceutical & Biopharmaceutical Companies, Other End Users), By Region - Industry Forecast 2024-2031

Fill Finish Manufacturing Market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 17.95 billion in 2023 to USD 35.25 billion by 2031, growing at a CAGR of 8.80% during the forecast period (2024-2031)

Governments, pharmaceutical and biotechnology companies all over the world are fighting the coronavirus disease COVID-19 pandemic. For this the emphasis is on vaccine development to solve the logistical problem of drugs. Furthermore, there is an additional 155 drug compounds and nearly 115 of those are vaccine candidates currently in the research and development stage. A significant increase in demand has also been observed for widely used medications like hydroxychloroquine, which is used to treat COVID-19. Demand for the medication is rising, which has created enormous prospects for producers of COVID-19 management medications as the medication is in short supply in many wealthy nations. 

It is therefore expected that the pharmaceutical and biotechnology industries would experience significant growth in the next years due to the need for COVID-19 vaccines and treatment medications. Growing technological developments in fall-finish manufacturing processes, which are made to satisfy consumer demand, are the main driver influencing the sector. The biopharmaceutical sector is growing rapidly, which will help the sector acquire momentum in the years to come. Prefilled syringes for parenteral dose forms are also becoming increasingly popular, which will help the business grow over the next years.