Flexible Manufacturing Systems for Pharmaceutical Industry Market Grows at a CAGR of 5.3% by 2031

The flexible manufacturing systems for pharmaceutical industry market size was valued at $2 billion in 2021, and is estimated to reach $3.3 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

There are various advantageous features of flexible manufacturing systems such as higher manufacturing efficiency and quick adaptability to demand fluctuations that enables pharmaceutical manufacturers to enhance their profit margin. Increase in number of elderly people across the world has led to increasing the number of patients suffering from various rare and common diseases.

This is expected to drive demand in pharmaceutical industry. Furthermore, growth of pharmaceutical industry in emerging countries and advanced healthcare facilities in developed countries have propelled the flexible manufacturing systems for pharmaceutical industry.

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By type, the market is segmented into modular manufacturing, data-driven manufacturing, single-use manufacturing, and continuous manufacturing. Among these, the modular manufacturing segment accounted for the highest market share in 2021, and continuous manufacturing is expected to witness significant growth during the forecast period, owing to its various advantageous features that reduce the overall cost of production and increase the reliability of the process. Moreover, on the basis of technology, software segment is expected to grow at a higher CAGR in the coming years. The market is mainly driven by rise in geriatric population and increased investment in healthcare industry. However, requirement for skilled professionals is expected to limit growth of the industry.

In 2021, North America dominated the global flexible manufacturing systems for pharmaceutical industry market growth, in terms of revenue followed by Asia-Pacific and Europe. Moreover, the market in Asia-Pacific region is expected to grow with a high CAGR, owing to a rise in population and high investments in pharmaceutical sector in the region.

Furthermore, on the basis of end-user, the medium and small pharmaceutical manufacturers are anticipated to grow rapidly, with a CAGR during the forecast period, owing to the rapid growth of the healthcare industry in developing countries.

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Top Players:
Key companies profiled in the flexible manufacturing systems for pharmaceutical industry market forecast report include Angstrom Technology, Biologics Modular, LLC, Chempharm, Cytiva, ESC (Environmental Systems Corporation), Exyte GmbH, G-CON Manufacturing, Germfree Laboratories Inc., IPM Technologies, KeyPlants Ab, ModuleCo Ltd., Modwave LLC, Nicomac Srl, NNE, Pharmadule Morimatsu AB, PR Pharma, and Engineers Pvt. Ltd.

Key Findings of the Study
• The report provides an extensive flexible manufacturing systems for pharmaceutical industry market analysis of the current and emerging opportunities. flexible manufacturing systems for pharmaceutical industry market trends and dynamics.
• Depending on type, the modular manufacturing held the largest flexible manufacturing systems for pharmaceutical industry market share, in terms of revenue in 2021 and the continuous manufacturing segment is projected to grow at a significant CAGR during the forecast period.
• Depending on the technology, hardware segment dominated the market in terms of revenue in 2021.
• By end-user, the medium and small pharmaceutical manufacturers segment registered the highest revenue in 2021.
• The report provides an extensive analysis of flexible manufacturing systems for pharmaceutical industry market trends and dynamics.
• The key players within the flexible manufacturing systems for pharmaceutical industry are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the radiology information system industry.

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