Press release
Pharmaceutical Continuous Manufacturing Market is estimated to grow at a CAGR of 9.8% from 2020 to 2027
The increasing shortages of drugs and APIs in various parts of the world coupled with advantages offered by continuous manufacturing systems in ramping up the production volumes, reducing the drug costs are expected to be the major driving factors of the market. However, deep penetration of batch manufacturing systems and high capital investments for these systems are expected to restrain the growth of the market to an extent.
The scenario of drug shortage is also prevalent in the European countries. For instance, according to a report published by The Economist Intelligence Unit Limited in 2017, the prevalence of medicine shortage was highin Europe. The three major causes determined for the shortage included manufacturing, economic and regulatory causes. Thus, to meet the rising demand for biologics and drugs and to curb the lack of drug availability, pharmaceutical continuous manufacturing market holds a promising growth scenario.
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Leading Pharmaceutical Continuous Manufacturing Market market Players:
GEA Group
Coperion GmbH
Gericke AG
Glatt GmbH
Hosokawa Micron Group
Munson Machinery Co. Inc.
Powrex Corp
Thermo Fisher Scientific Inc.
Freund-vector Corporation
Fette Compacting
Alexanderwerk
LEISTRITZ AG
KORSCH AG
ACG
Cadmach Machinery Co. Pvt. Ltd.
Hovioneen Aesica
Segmentations:
The pharmaceutical continuous manufacturing market, by product, is segmented into screening and diagnostics, monitoring and alerting and disease management. In 2019, the integrated systems segment accounted for the largest market share of the global pharmaceutical continuous manufacturing market. The integrated systems are expected to dominate the product segment owing to their easy availability and accessibility as well as higher adoption of these systems as compared with the semi-continuous systems and the controls. The integrated systems help build the continuous flow during manufacturing process, facilitate end-to-end integration, and improve asset utilization.
Product-BasedInsights
In 2019, the integrated systems segment accounted for the largest market share ofthe global pharmaceutical continuous manufacturing market. The integrated systems are expected to dominate the product segment owing to their easy availability and accessibility as well as higher adoption of these systems than the semi-continuous systems and the controls. The integrated systems help build the continuous flow during manufacturing process, facilitate end-to-end integration, and improve asset utilization.
Application-BasedInsights
Based on application, the pharmaceutical continuous manufacturing market is segmented into end product manufacturing and API manufacturing. The end product manufacturing segment held a largershare of the market in 2019. However, the API manufacturing segment is estimated to register a higherCAGR in the market during the forecast period.Rise in the number of pharmaceutical companies, technological advancements in continuous manufacturing systems and rise in the demand for pharmaceutical drugs are key drivers forthe growth of the end product manufacturing market.
End User-BasedInsights
Based on end user, the pharmaceutical continuous manufacturing market is segmented into full-scale manufacturing companies and R&D departments. The full-scale manufacturing companies segment held a largershare of the market in 2019. Also, the same segment is estimated to register a higherCAGR in the market during the forecast period.This is attributed to the increasing adoption of continuous technologies to address the challenges related to product quality, drug supply, and operational costs.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Pharmaceutical Continuous Manufacturing Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Pharmaceutical Continuous Manufacturing Market segments and regions.
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Pharmaceutical Continuous Manufacturing Market Segmented by Region/Country: North America, Europe, AsiaPacific, Middle East & Africa, and Central & South America
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