Report : Middle East & Africa Fill Finish Manufacturing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Consumables and Instruments) and End User (Contract Manufacturing Organizations, Biopharmaceutical Companies, and Other End Users)
Consumables is expected to be the fastest growing Segment during the forecast period 2020–2027
According to a new market research study on “Middle East & Africa Fill Finish Manufacturing Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product and End User,” is expected to reach US$ 759.11 million by 2027 from US$ 419.51 million in 2020. The market is estimated to grow at a CAGR of 8.8% from 2020 to 2027. The report provides trends prevailing in the Middle East & Africa fill finish manufacturing market along with the drivers and restraints pertaining to the market growth. Inexpensive business costs in emerging markets, single-used systems for aseptic fill finish, and amplifying demand for biologics are the major factor driving the growth of the Middle East & Africa fill finish manufacturing market. However, widening competition in biopharmaceutical contract manufacturing industry hinder the growth of Middle East & Africa fill finish manufacturing market.
The coronavirus pandemic has become the largest challenge to Middle East and African region as this is a low-cost region. For instance, due to the high uncertainty of the spread of COVID-19, the impact on Africa is expected to be severe, given the continent’s exposure to China. These regions are widely dependent on the import of pharmaceutical and biopharmaceutical products. The lockdown situation in many countries has resulted in no trade in foreign countries. Thus, the countries in the Middle East & Africa have started producing API in their domestic market. However, the cost of production was a challenge for several countries. The rise in the dollar has created a vital challenge for the manufacturers in the country. It is a vital challenge in countries such as Saudi Arabia, UAE, and South Africa. Therefore, the government is collaborating with the private market player to supply vaccines against COVID–19. However, there are hurdles in signing the deals. Such hurdles are also expected to create challenges for countries. The pharmaceutical industry in the regions is highly affected by the outbreak of the COVID–19 pandemic. It is further expected to show a negative impact on market growth.
The fill finish manufacturing market is segmented based on product, end user and country. Based product, the market is segmented into consumables and instruments. In 2019, the consumables segment held the largest share in the market and the same segment is expected to be the fastest growing during the forecast period. Further, based on consumables the market is segmented into prefilled syringes, vials, cartridges, and other consumables. In 2019, the prefilled syringes segment held the largest market share, and it is also expected to the fastest growing segment over the forecast period. Based on end user the market is segmented into contract manufacturing organizations, biopharmaceutical companies, and other end users. In 2019, the contract manufacturing organizations segment held the largest market share, and it is also expected to the fastest growing segment over the forecast period. Similarly, Based on country the market is segmented into the Saudi Arabia, South Africa, UAE, and the rest of Middle East & Africa. In 2019, the Rest of Middle East & Africa held the largest share in the market and the Saudi Arabia is expected to be the fastest growing during the forecast period.
BD; West Pharmaceutical Services, Inc.; Gerresheimer AG; I.M.A. Industria Macchine Automatiche S.P.A.; Bausch+Strobel; Groninger and Co. GmbH; Maquinaria Industrial Dara SL; Nipro PharmaPackaging; SCHOTT AG; SGD Pharma; Stevanato Group; and Syntegon Technology GmbHare among the leading companies in the Middle East & Africa fill finish manufacturing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Groninger and Martin Christ has partnered at CPhI Worldwide 2017 for development of fill finish and freeze-drying machine lines for pharmaceutical industry.
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