Pharma 4.0 Market Size, Share, Leading Key Players-Pfizer, Koninklijke Philips N.V, GE Healthcare

Pharma 4.0 Market Size -

SNS Insider's research, there is a growing utilization of Artificial Intelligence in Drug Target identification and validation, with both AIAI and MLML playing pivotal roles. These technologies are expediting the drug discovery process, consequently contributing to the overall growth of market statistics.

According to insights from the SNS Insider report, the Pharma 4.0 Market, assessed at USD 12.1 billion in 2022, is poised to achieve a market size of USD 45.7 billion by 2030. Anticipating a substantial compound annual growth rate (CAGR) of 18.1% during the forecast period from 2023 to 2030, this data underscores the market's significant trajectory and potential.

Pharma 4.0 Market Report Scope -

The Pharma 4.0 Market is poised for substantial growth in the foreseeable future, propelled by an increasing demand for personalized and precision medicine. Progress in domains such as artificial intelligence, analytics, robotics, and the Internet of Things is facilitating novel approaches to drug discovery and manufacturing. This shift towards Pharma 4.0 signifies a significant opportunity for the industry to streamline operations and address changing customer needs effectively.

Key Players

→ Pfizer
→ Koninklijke Philips N.V
→ Abbott Laboratories
→ Medtronic Plc
→ GlaxoSmithKline plc
→ Boston Scientific
→ GE Healthcare
→ Johnson & Johnson
→ Lonza Group Ag
→ Glatt GmbH
→ Vertex and others.

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Pharma 4.0 Market Opportunities -

The rise in drug development by pharmaceutical companies is on the highest pitch. In the case of example, Pfizer is currently making 19 new vaccines and medicines that cover a range of diseases such as prostate cancer, influenza, migraine, haemophilia or other conditions. Siemens Healthcare has stated that the implementation of artificial intelligence and data analysis tools is at the core of this increase in research and development activities. High wages are the sole concern for undertakings when developing drugs and vaccines. It can therefore help them to cut costs by using the most recent technologies. This is one of the facts and figures that show an opportunity for market growth in the coming years.

Segmentation Analysis In Pharma 4.0 Market -

→ In 2022, based on technology the cloud computing technology segment dominated the market and is expected to remain a major driver of growth over the forecast period. Cloud computing enables huge amounts of data to be stored by the pharmaceuticals industry in a manner that does not require any further external costs associated with installing on premises infrastructure technologies. The increasing demand for data storage and analytical tools is seen in the pharmaceutical industry as a result of its rapid growth with regards to drug discovery. Cloud based technology, which enables remote access to the data application and thus leads to greater collaboration among different departments within an organization, has been identified as a most affordable and efficient platform for improved storage of information. By encouraging the growth of this sector.

→ In 2022, on the basis of application, the segment of drug discovery and development accounted for the largest market share. In order to reduce the overall time spent in the process, Pharma 4.0 technology is transforming the drug discovery and development ecosystem from a traditional approach. The ability of the Pharma 4.0 technology to cooperate with an autonomous, intelligent and decentralised ecosystem capable of providing innovative solutions for drug development has been demonstrated.

Key Market Segmentation -

By Design
- Capabilities
- Digital Maturity
- Data Integrity

By Technology
- Big Data Analytics
- Cloud Computing
- Cyber-physical Systems
- Other

By End User
- Hospitals
- Ambulatory Surgical Centers
- Others

Key Regional Development in Pharma 4.0 Market -

North America dominated the market with the largest market size in 2022, the region is anticipated to maintain its position throughout the forecast period. In almost all areas, the region actively participated in the adoption of advanced technological solutions. The factors that stimulate market growth in North America include the focus and significant potential for technology innovation within the pharmaceutical sector throughout the region, as well as investors' availability. In order to enhance the operational capabilities of companies, enormous demand for drugs discovery in this region has led to a proliferation of different technologies. This factor is expected to provide a promising future for North America's pharmaceutical 4.0 market.

During the forecast period, Asia Pacific is expected to show strong growth. Currently, the region is rapidly adopting modern technologies while dealing with potential problems associated with traditional system of operation. The growth of the market in the Asia Pacific region is highlighted by this element. The growth of the market in this region is supported by improved pharmaceutical infrastructure and rising demands for novel drug development.

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Key Takeaway from Pharma 4.0 Market Study -

Increased operational efficiency:
Pharma 4.0 technology improves production processes, automates tasks and optimises the allocation of resources in order to improve operating efficiency and reduce costs.
Better product quality and safety: The integration of Digital Technologies into the pharmaceutical industry is enabling continuous monitoring, quality control, traceability throughout the production and supply chain to ensure that products are safe for patients.

Recent Development Related to Pharma 4.0 Market -

→ In October, 2023, Optibrium, a developer of software and Al solutions for drug discovery, announced that it had launched StarDrop, a drug discovery platform.

→ In July 2023, privately owned Angelini Industries Angelini Pharma announced the launch of an initiative designed "LIFE-GREENAPI," manufactured to pharma production practices with low environmental impact.

Table of Contents

1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
5.Value Chain Analysis
6.Porter's 5 forces model
7.PEST Analysis
8.Pharma 4.0 Market, By Design
9.Pharma 4.0 Market By Technology
10.Pharma 4.0 Market, By End User
11.Regional Analysis
12.Company Profiles
13.Competitive Landscape
14.Conclusion

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Akash Anand - Head of Business Development & Strategy,
Info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),
Website: https://www.snsinsider.com/
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