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Continuous Manufacturing Equipment Providers Market Growth and Restrain Factors Analysis Report
According to the latest research by InsightAce Analytic, the global continuous manufacturing equipment providers market is expected to grow at a rapid pace during a forecast period. By region, Europe is expected to dominate the market.
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Continuous manufacturing technology enhances production processes by making them faster, more efficient, and economically advantageous. It minimizes disruptions during manufacturing, increases overall yield, and operates through a streamlined, sequential protocol without intermediate hold times.
Multiple factors responsible for the growth of this market are the rapid adoption of advanced technologies, easy availability of products, less time investment, cost-effective equipment, increasing government initiatives for improving manufacturing processes. Apart from this, the COVID-19 pandemic has significantly affected the continuous manufacturing equipment providers market. The increasing number of COVID-19 patients encourages the healthcare industries to develop rapid and advanced manufacturing equipment and testing tools, driving continuous manufacturing equipment providers' market growth opportunities. Many biopharmaceutical companies are launching innovative and advanced CM equipment, which has increased their adoption rate among the end-users.
However, the low risk-taking nature of pharmaceutical companies, high cost of continuous manufacturing systems, and the poor regulatory clarity may restrain the market adoption during the forecast years.
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Regionally, North America is expected to dominate this market over the forecast period, followed by Europe, owing to the availability of cost-effective & advanced equipment, growing awareness among pharma companies about the continuous manufacturing systems, and the increasing government initiatives to develop & modify CM equipment. On the other hand, Asia Pacific is projected to be the fastest-growing regional market in the upcoming days due to the rapid adoption of advanced technologies and rising awareness about continuous pharmaceutical manufacturing equipment.
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Major players operating in the continuous manufacturing equipment providers market are Corning (US), Glatt (Germany), IKA (Germany), Kilburn Engineering (India), Thermo Fisher Scientific (US), Eppendorf (Germany), Merck Millipore (US), Pall (US), Sartorius (Germany), TA Associates (US), and others.
Key developments in the market:
• In September 2021, Sartorius (Germany) opened its new, significantly expanded application and service hub in Zhangjiang science city in Shanghai, China. This application facility is an integrated solution platform to empower & accelerate progress in research to process development to production areas in the Chinese life sciences and biopharmaceutical industries.
• In November 2018, MilliporeSigma (US) launched a new BioContinuum platform to advance the biotherapeutic drug manufacturing process through improved efficiency, simplified plant operations, and superb quality and consistency.
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Market Segments
Global Continuous Manufacturing Equipment Providers Market, by Equipment, 2023-2031 (Value US$ Mn)
• Mixers
• Granulators
• Dryers
• Bioreactors / Reactors
• Other Equipment
Global Continuous Manufacturing Equipment Providers Market, by Type of Molecule, 2023-2031 (Value US$ Mn)
• Small Molecule
• Biologics
Global Continuous Manufacturing Equipment Providers Market, by Manufacturing Stage, 2023-2031 (Value US$ Mn)
• Upstream Process
• Downstream Process
Global Continuous Manufacturing Equipment Providers Market, by Manufacturing Scale, 2023-2031 (Value US$ Mn)
• Preclinical / Clinical
• Commercial
Global Continuous Manufacturing Equipment Providers Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Continuous Manufacturing Equipment Providers Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Continuous Manufacturing Equipment Providers Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Continuous Manufacturing Equipment Providers Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Continuous Manufacturing Equipment Providers Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Continuous Manufacturing Equipment Providers Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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