Press release
Pharmaceutical Manufacturing Market Is Expected Significant Growth, Forecast From 2021 to 2031 : Pfizer, Roche, Novartis, Merck & Co.
Pharmaceutical Manufacturing Market
Pharmaceutical manufacturing technology is the process and machinery used to produce medications and other pharmaceutical products. This technology has evolved significantly over time, and today there are many different ways to manufacture pharmaceuticals. The most common methods of pharmaceutical manufacturing include chemical synthesis, fermentation, extraction, purification, and formulation.
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Key Trends
Some of the key trends in pharmaceutical manufacturing are:
Use of digital technologies such as cloud and AI in managing manufacturing processes
Increased usage of Personalized Medicine
Move towards low volume production
Digitization of paper processes and documentation
Increase in Continuous Manufacturing processes
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Key Drivers
The growing prevalence of chronic diseases and the ensuing increase in the demand for drugs are expected to propel market growth.
The market is expected to be driven by the increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes. According to the World Health Organization, the number of people suffering from chronic diseases is expected to increase from 41% in 2010 to 50% by 2030.
The increasing demand for generic drugs is another key driver of the market. Generic drugs are cheaper than their branded counterparts and are expected to witness significant growth in the coming years. The patent expiration of several blockbuster drugs is also expected to contribute to the growth of the generic drugs market.
The growing investments in research and development activities by pharmaceutical companies are expected to drive market growth. The companies are focused on developing new drugs to address the unmet medical needs of patients. The rising number of clinical trials is also expected to boost market growth.
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Market Segments
By Molecule Type
Large Molecules
Small Molecules
By Formulation
Tablets
Capsules
Injectable
Sprays
Suspensions
Key Players
Pfizer
Roche
Novartis
Merck & Co.
GSK
Sanofi
Bayer
Boehringer Ingelheim
Eli Lilly
AbbVie
Johnson & Johnson
AstraZeneca
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Reasons to buy Pharmaceutical Manufacturing Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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