The Global Pharmaceutical Continuous Manufacturing Market Estimated to Gain $937.7 Million in Revenue by 2028

According to Triton's report, the global pharmaceutical continuous manufacturing market, which obtained $369.1 million in 2020, is predicted to showcase growth at 10.35% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Pharmaceutical Continuous Manufacturing Market’ comprises the Global Analysis and Forecasts by Application (API Manufacturing, Final Drug Product Manufacturing), End-user (Contract Manufacturing Companies, Pharmaceutical Companies, Other End-users), Product (Integrated Continuous System, Semi-Continuous System, Control & Software), and by Geography (Europe, Latin America, North America, Middle East and Africa, Asia-Pacific).

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Triton’s report estimates the global pharmaceutical continuous manufacturing market to advance based on revenue at a CAGR of 10.35% in the years 2021-2028, gaining revenue worth $937.7 million by the year 2028.

An advanced method by employing end-to-end integration with effective control approaches is referred to as a continuous manufacturing process. Moreover, the pharmaceutical continuous manufacturing systems offer several advantages, such as a decrease in production fluctuations.

The rising initiatives taken by regulatory authorities for the adoption of continuous manufacturing and rising acceptance of PCM systems, are elements contributing to the evolution of the reviewed market. Over the years, the adoption of continuous manufacturing systems has surged due to their benefits compared to existing drug manufacturing methods. For instance, integrated continuous manufacturing does not include manual handling, improves occupational safety, reduces processing times, and increases the overall production efficiency.

However, the dearth of demand for PCM systems and growing customer expectations for better quality medications, are factors restricting the progress of the pharmaceutical continuous manufacturing market.

The pharmaceutical continuous manufacturing market is categorized into application, end-user, and product. The application section is subdivided into API manufacturing and final drug product manufacturing. In terms of end-user, the segmentation is as per contract manufacturing companies, pharmaceutical companies, and other end-users. Lastly, the product segment is sub sectioned into integrated continuous system, semi-continuous system, and control & software.

Globally, Asia-Pacific is likely to become the fastest-growing market in the pharmaceutical continuous manufacturing through the years 2021-2028. In the region, the surging investments in the pharmaceutical and biopharmaceutical industry, along with increasing contract research organizations, are key market drivers. In Japan, the rising aging population has significantly increased the government healthcare expenditure, and is anticipated to grow in the near future.

This has compelled the government to adopt specific cost-effective steps, including the promotion of generic drugs, which is expected to fuel the demand for continuous manufacturing systems. Therefore, as mentioned above, these factors are likely to boost the pharmaceutical continuous manufacturing market across the APAC region.

Glatt GmbH, Pfizer Inc, Syntegon, GEA Group AG, Coperion GmbH, Munson Machinery Company, Hosokawa Micron Corporation, Siemens Healthineers, Eli Lilly & Company, Gebruder Lodige Maschinenbau GmbH, Thermofisher Scientific Inc, LB Bohle Maschinen + Verfahren GmbH, and Korsch AG are the established companies in the pharmaceutical continuous manufacturing market.

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Question & Answer: Pharmaceutical Continuous Manufacturing Market

Question 1: What elements are contributing to the evolution of the pharmaceutical continuous manufacturing market?

Answer: The rising initiatives taken by regulatory authorities for the adoption of continuous manufacturing and rising acceptance of PCM systems, are elements contributing to the evolution of the reviewed market. Over the years, the adoption of continuous manufacturing systems has surged due to their benefits compared to existing drug manufacturing methods. For instance, integrated continuous manufacturing does not include manual handling, improves occupational safety, reduces processing times, and increases the overall production efficiency.

Question 2: What factors are restricting the progress of the pharmaceutical continuous manufacturing market?

Answer: The dearth of demand for PCM systems and growing customer expectations for better quality medications, are factors restricting the progress of the pharmaceutical continuous manufacturing market.

Question 3: Which region is likely to become the fastest-growth in the pharmaceutical continuous manufacturing market?

Answer: Globally, Asia-Pacific is likely to become the fastest-growing market in the pharmaceutical continuous manufacturing through the years 2021-2028. In the region, the surging investments in the pharmaceutical and biopharmaceutical industry, along with increasing contract research organizations, are key market drivers. In Japan, the rising aging population has significantly increased the government healthcare expenditure, and is anticipated to grow in the near future.

This has compelled the government to adopt specific cost-effective steps, including the promotion of generic drugs, which is expected to fuel the demand for continuous manufacturing systems. Therefore, as mentioned above, these factors are likely to boost the pharmaceutical continuous manufacturing market across the APAC region.

Question 4: Which are the established companies in the pharmaceutical continuous manufacturing market?

Answer: Glatt GmbH, Pfizer Inc, Syntegon, GEA Group AG, Coperion GmbH, Munson Machinery Company, Hosokawa Micron Corporation, Siemens Healthineers, Eli Lilly & Company, Gebruder Lodige Maschinenbau GmbH, Thermofisher Scientific Inc, LB Bohle Maschinen + Verfahren GmbH, and Korsch AG are the established companies in the pharmaceutical continuous manufacturing market.

Related Report:

Global Pharmaceutical Filtration Market

The global pharmaceutical filtration market is expected to display growth in revenue during 2021-2028 at a CAGR of 8.56%. It is further likely to gain revenue worth $39947.0 million by 2028.

Pharmaceutical filters are used for application in the production of multiple dosages, including tables, solutions, and injectables. Moreover, they help produce molecule elements, such as active
pharmaceutical ingredients.

Factors such as the rising production of large molecules and biologics and growing healthcare
expenditure are driving the growth of the assessed market over the forecast period. Further, the surging improvements in the biopharmaceutical industry is another factor that is creating growth opportunities for the pharmaceutical filtration market.

However, the rising consumer expectations for high-quality drugs and the dearth of trained professionals in underdeveloped economies, are factors hampering the evolution of the pharmaceutical filtration market.

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This release was published on openPR.