Press release
Pharmaceutical Manufacturing Market will rise due to growing prevalence of chronic diseases | Pfizer, Roche, Novartis, Merck & Co.
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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.
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.
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Market Segments
By Molecule Type
Large Molecules
Small Molecules
By Formulation
Tablets
Capsules
Injectable
Sprays
Suspensions
Powders
Other
By Routes of Administration
Oral
Topical
Parenteral
Inhalations
Other
By Therapy Area
Cardiovascular Diseases (CVDs)
Pain
Diabetes
Cancer
Respiratory Diseases
Other
Key Players
Pfizer
Roche
Novartis
Merck & Co.
GSK
Sanofi
Bayer
Boehringer Ingelheim
Eli Lilly
AbbVie
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