USD 7.84 billion
Report ID:
SQMIG35A2172 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|Tables:
63
|Figures:
75
Pharmaceutical Processing Equipment Market size was valued at USD 8.4 Billion in 2023 and is poised to grow from USD 9 Billion in 2024 to USD 16.84 Billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).
Pharmaceutical processing equipment provides organised formulation options for pharmaceutical and nutraceutical products intended for global distribution. The most recent equipment for pharmaceutical packaging may include hard film over wrappers, label applicators, case packers, sealers, and hand packing stations. Additionally, the industry uses a variety of liquids, each of which requires a precise measurement. whether it is solid or liquid. This packaging provides excellent products, patient comfort, and product protection while also meeting security requirements. The pharmaceutical processing and packaging equipment market has benefited from the ongoing worldwide COVID-19 pandemic.
The COVID-19 pandemic enhanced the need for COVID-19 treatments. Due to the high demand for COVID-19 vaccines and medications, several pharmaceutical producers are expanding their manufacturing facilities. This plan is anticipated to increase demand for new processing and packaging machinery for COVID-19 treatments and vaccinations. Due to COVID-19's primary disruption of the supply chain, pharmaceutical manufacturing was lagging in a number of nations. Public groups from different nations have increased domestic pharmaceutical production to address this issue and reduce reliance on imports.
US Pharmaceutical Processing Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.84 billion
Largest Segment
Oral formulations
Fastest Growth
Oral formulations
Growth Rate
7.2% CAGR
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Pharmaceutical Processing Equipment Market Segmentations
The Global Pharmaceutical processing equipment market is segmented on the basis of delivery mode, type, and region. On the basis of delivery mode it is segmented into Oral Formulations, Oral Liquid Dosages, Parenteral formulations, topical Formulation, Other Formulation. By type, it is segmented into end-of-line packaging and case packing equipment. By region, the market is segmented into North America, Latin America, Asia Pacific, Europe, and MEA.
Pharmaceutical Processing Equipment Market Analysis by Delivery mode
According to the method of delivery mode, the oral formulations market for pharmaceutical processing equipment is anticipated to produce the most revenue share in 2022. The ease of consumption, comfort, safety, and cost-effectiveness of this method are the primary reasons for its high revenue share. Additionally, compared to other distribution methods, this mode has a higher rate of patient compliance. The oral dose forms make large-scale manufacturing simpler. As a result, these variables suggest that during the projection period, the preference for oral formulations would certainly increase. However, during the course of the forecast period, the parenteral formulations sector is anticipated to rise at the greatest CAGR. Infusions or injections are the two ways that parenteral formulations are given. Powders, gels, suspensions, and solutions are examples of parenteral preparations. The demand for parenteral formulations, which offer a quick start of action and are highly preferred when administering medications that are poorly absorbed, ineffective, or inactive when administered orally, are the main reasons fueling the expansion of this market. For patients who are unconscious or who have a non-functioning gastrointestinal tract, doctors prefer to provide medications via parenteral route. The gastrointestinal tract is bypassed, resulting in total systemic circulation and an instantaneous physiologic reaction. Therefore, parenteral formulation raises the demand for processing equipment for parenteral formulations if oral administration is not an option.
Pharmaceutical Processing Equipment Market Analysis by type
According to type, the pharmaceutical end-of-line packaging market is anticipated to be dominated by the case packing equipment segment in 2022. The benefits of cartoning technology, such as the packaging of medications in lightweight, affordable cartons, are major causes in its increased use. Its adoption is boosted by the pharmaceuticals' simplicity of handling when packaged in cartons.
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On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa(MEA). The demand for pharmaceutical processing and packaging equipment is likely to increase due to the high volume of production and consumption in Asia-Pacific nations, rising generic drug demand, booming contract manufacturing sector, and supportive government policies intended to increase domestic production. Asia-Pacific nations have developed domestic manufacture to reduce their reliance on imports for medicinal items. For instance, the Chinese government's Made in China policy places a strong emphasis on raising domestic manufacturing. These initiatives are anticipated to fuel market expansion in the Asia-Pacific region. Europe is estimated to see the highest growth during the forecast period due to its higher level of pharmaceutical product production. The main contributors to the greatest revenue share in North America include the relocation of these manufactures to the United States, the growth of manufacturing facilities, and agreements between pharmaceutical firms and CMOs to boost the availability of pharmaceuticals. The demand for cutting-edge technologies in processing is also being fueled by an increase in government financing for the research and development of COVID-19-related medicines.
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Pharmaceutical Processing Equipment Market Drivers
Rise of Modern Technology to Boost Demand for Pharmaceutical Processing Equipment in the Global Market
Pharmaceutical Processing Equipment Market Restraints
Fluctuating Prices to Hinder Market Growth during Forecast Period
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A competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry. Players in the market are investing in collaborations, mergers and acquisitions, partnerships, and research & development activities to gain competitive advantage over other players in the global market.
Pharmaceutical Processing Equipment Market Top Player's Company Profiles
Pharmaceutical Processing Equipment Market Recent Developments
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research
According to our global pharmaceutical processing equipment market analysis, The high demand for small molecules for the treatment of various diseases, the development of sophisticated manufacturing techniques for finished dosage formulations, the upcoming patent expirations of small molecules, and the rising popularity of generic medications all contribute to the expansion of contract manufacturing in the industry. Small businesses seek to outsource manufacturing activities in order to reduce initial expenditures because they lack sophisticated infrastructure, cutting-edge technology, and high containment capabilities needed to create medications. These businesses are creating long-term contracts with Contract Production Organizations as manufacturing processes become more sophisticated and strict rules are being imposed (CMOs).
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.84 billion |
Market size value in 2031 | USD 15.71 billion |
Growth Rate | 7.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pharmaceutical Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pharmaceutical Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pharmaceutical Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Pharmaceutical Processing Equipment Market size was valued at USD 7.84 billion in 2019 and is poised to grow from USD 8.4 billion in 2023 to USD 15.71 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
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Report ID: SQMIG35A2172
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