June 24, 2021
According to the research report titled ‘GLOBAL Pharmaceutical Continuous Manufacturing Market 2021-2028’, available with Market Study Report, global pharmaceutical continuous manufacturing market is set to register a year-over-year rate of 10.35% throughout 2021-2028.
As per the findings of the report, global pharmaceutical continuous manufacturing market is largely driven by increasing number of favorable government initiatives by regulatory authorities and growing acceptance of continuous manufacturing solutions in pharmaceutical sector.
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Further, upsurge in manufacturing of large molecules and biologics, and high potential of the pharmaceutical continuous manufacturing (PCM) technology in emerging economies are presenting new growth opportunities for the businesses functioning in this domain. However, lack of demand for PCM in underdeveloped countries and continuously growing expectations for better medicines are negatively impacting the industry dynamics.
Based on product, global pharmaceutical continuous manufacturing market is categorized into integrated continuous system, semi-continuous system, and control & software. In terms of application scope, the industry is split into API manufacturing and final drug product manufacturing. Moving to the end-user spectrum, the industry is fragmented into contract manufacturing organizations, pharmaceutical companies, and others.
Speaking of the geographical outlook, top contributors to the market growth are Asia Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries), North America (U.S., Canada), Latin America (Latin America, Brazil), Europe (Russia, Germany, France, Italy, Spain, U.K.), and Middle East and Africa (Turkey, United Arab Emirates, Saudi Arabia, South Africa).
Expert analysts claim that Asia Pacific pharmaceutical continuous manufacturing industry size is slated to grow at a robust pace over the forecast duration. Mounting investments in pharmaceutical and biopharmaceutical industries, growing presence of contract research organizations, and geographic expansion undertakings by prominent players in emerging economies are stimulating the regional market expansion.
Speaking of the competitive landscape, Munson Machinery Co., Coperion GmbH, Korsch AG, Gebrüder Lödige Maschinenbau GmbH, Syntegon Technology GmbH, Glatt GmbH, Pfizer, Inc., Eli, Lily & Company, Siemens Healthineers AG, L.B. Bohle Maschinen + Verfahren GmbH, GEA Group AG, and Hosokawa Micron Corp. are the top contenders in this business sphere.