Amidst the COVID-19 pandemic, there has been an evident surge in demand for both vaccines and certain antibody therapeutics, which has presented lucrative opportunities for contract service providers having fill / finish capabilities
London
Roots Analysis has announced the addition of Biologics Fill Finish Manufacturing Market report to its list of offerings.
In pursuit of both time and cost savings, and to access higher scales of production, several drug developers are now opting to outsource their fill / finish operations. Given the growing pipeline of biological drugs, and the rising preference for such therapeutic interventions, the demand for reliable contract service providers with fill / finish capabilities is expected to grow in the coming years.
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The biologics fill / finish market is highly fragmented, featuring a mix of small, mid-sized, large and very large players. It is worth noting that this market is currently dominated by mid-sized companies (having 51-500 employees), which represent more than 43% of the industry stakeholders, worldwide.
As expected, majority of the deals recorded in the report were established in 2020, driven by the pandemic. Of the deals focused on fill / finish services (~60%), several involved the clinical and commercial scale packaging of anti-COVID-19 vaccines.
Most of such projects undertaken in the given time period were existing facility expansions (55%), in order to enable industry stakeholders to accommodate their growing businesses and address the surge in demand for fill / finish services. Interestingly, 45% of the expansions mentioned in the report involved the establishment of new facilities across different geographical locations.
Around 90% of the installed fill / finish capacity belongs to companies with commercial scale production capabilities. In fact, close to 85% of the available capacity belongs to the large companies (having more than 500 employees).
Currently, North America and Europe are estimated to contribute to more than 65% of the overall demand. By 2030, it is estimated to grow to over 18,000 kiloliters, primarily driven by increasing number of regulatory approvals for biologics and biosimilars, as well as improved adoption of such drugs.
In terms of type of biologic, fill / finish contracts involving antibodies and vaccines are expected to contribute to ~60% of the total service revenues generated in 2030. Further, close to 25% of the market share is anticipated to come in from projects focused on oncological disorders.
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The USD 10+ billion (by 2030) financial opportunity associated with biologics fill / finish services market has been analyzed across the following segments:
The report also features inputs from eminent industry stakeholders, according to whom, a significant increase in demand for cell and gene therapies is driving the growth of the biologics fill / finish market. The report includes detailed transcripts of discussions held with the following experts:
The research includes profiles of key players (listed below), featuring a brief overview of the company, its financial performance (if available), information related to its manufacturing facilities, vector manufacturing technology and an informed future outlook.
For additional details, please email at sales@rootsanalysis.com
Gaurav Chaudhary
Gaurav.Chaudhary@rootsanalysis.com
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