Press release
Pharmaceutical Continuous Manufacturing Market Surges Towards $1.5 Billion by 2030
The global pharmaceutical continuous manufacturing market is projected to reach USD 1,586.13 million by 2030, exhibiting a robust CAGR of 13% between 2024 and 2030. This growth is propelled by the increasing adoption of continuous manufacturing processes, which offer enhanced efficiency, reduced production times, and improved product quality.
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Global Pharmaceutical Continuous Manufacturing Market Competitive Landscape and Regional Demand
The market is characterized by a diverse competitive landscape, with key players such as Eli Lilly and Co., Pfizer Inc., Novartis AG, and GE Healthcare Technologies Inc. leading advancements in continuous manufacturing technologies. Notably, North America is anticipated to contribute 35% to global market growth, underscoring the region's significant demand for continuous manufacturing solutions.
United States: Growth Through Strategic Investments
In the United States, the pharmaceutical industry is witnessing substantial investments aimed at bolstering manufacturing capabilities. Eli Lilly and Co. has announced plans to invest $27 billion in constructing four new manufacturing plants, expected to create 3,000 high-skilled jobs and employ 10,000 construction workers. These facilities will focus on producing active pharmaceutical ingredients and sterile injectable medicines, with operations slated to commence within five years.
Asia Pacific: Opportunities in Market Expansion
The Asia Pacific region presents significant opportunities for market expansion, driven by strategic acquisitions and collaborations. Syngene International, an Indian contract research and manufacturing organization, recently acquired its first U.S. biologics facility for $36.5 million, marking a pivotal step in enhancing its global footprint and capabilities in large molecule discovery and manufacturing services.
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Middle East and Africa: Trends in Mergers and Acquisitions
The Middle East and Africa have experienced a notable increase in mergers and acquisitions within the pharmaceutical sector. In Q3 2024, the region reported 16 M&A deals totaling $1.8 billion, marking a 15,285% increase compared to the previous quarter. A significant transaction includes Johnson & Johnson's $1.7 billion acquisition of V-Wave, reflecting a strategic move to enhance its product portfolio and regional presence.
Europe: Consolidation and Technological Updation
Europe is witnessing consolidation and technological advancements in the pharmaceutical manufacturing sector. Novo Nordisk plans to invest $1.2 billion in a new production facility in Denmark, focusing on producing rare-disease medicines, including treatments for hemophilia. This facility is expected to be operational by 2027, creating 400 permanent jobs and reinforcing Europe's commitment to innovative manufacturing practices.
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Global Pharmaceutical Continuous Manufacturing Market Segmentation
by Therapeutics Type
Large Molecules
Small Molecules
by Application
Finished Product Manufacturing
API Manufacturing
by Formulation
Solid Formulation
Liquid & Semi-solid Formulation
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Global Pharmaceutical Continuous Manufacturing Market Key Players
1. Thermo Fisher Scientific, Inc.
2. Pall Corporation
3. Applikon Biotechnology
4. Sartorius Stedim Biotech
5. GEA Group Aktiengesellschaft
6. Corning Incorporated
7. Merck KGaA
8. Glatt GmbHh
9. Repligen Corporation
10. Eppendorf AG
11. Electrolab Biotech Ltd.
12. Solesis Medical
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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