DUBLIN, Sept 12, 2018 /PRNewswire/ --
The "Pharmaceutical Storage And Material Handling Equipment Market By Type, Mode Of Operation, Product Form, And Geography - Global Forecast To 2023" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical storage and material handling equipment market is expected to grow at a CAGR of 8.6% from 2018 to reach USD 1,597.4 million by 2023.
The factors such as rapid growth in pharmaceutical market, growing focus towards automation in pharmaceutical industry, increasing focus of manufacturers on reduction of production cost, government support to promote the pharmaceutical sector, and growing demand of single use systems are expected to propel the growth of this market. Moreover, shift towards the use of robotics and booming pharmaceutical industry in developing economies further supports the growth of this market.
The transport systems dominated the global pharmaceutical storage and material handling systems market in 2017, mainly due to the increasing use of automated and semi-automated transport systems to meet GMP standards, particularly in developed economies. This market also expected to grow significantly during the forecast period mainly due to customer's demand for smaller lot sizes; shorter lead times; and higher quality products, especially in developing countries.
Further, semi-automated pharmaceutical storage and material handling systems market commanded the largest share of global market in 2017 with huge adoption by pharmaceutical manufacturers due to their technical and economic feasibility which can be regulated manually and automatically.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region.
North America commanded the largest share of the global pharmaceutical storage and material handling equipment market in 2017, followed by Europe and Asia-Pacific. The large share of this region mainly attributed to huge pharma manufacturing sector, high automation adoption rate in pharmaceutical industry, the innovations and advancements in bulk material handling products and technologies, and implementation of some expansions and acquisitions plans by the leading pharmaceutical storage and material handling systems manufacturers to increase the production capacity.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
3.2. Market Dynamics
3.3. Product Segment Analysis
3.3.1. Product Sub Segment Analysis
188.8.131.52. Pharmaceutical Material Transport Systems
184.108.40.206. Pharmaceutical Storage Systems
220.127.116.11. Lifting and Positioning Systems
18.104.22.168. Stacking and Unit Formation Systems
3.3.2. Mode of Operation Analysis
3.3.3. Product Form Analysis
3.4. Regional Analysis
3.5. Competitive Landscape
3.6. Key Players
4. Market Insights
4.2.1. Rapid Growth in Pharmaceutical Market
4.2.2. Growing Focus Towards Automation in Pharmaceutical Industry
4.2.3. Increasing Focus of Manufacturers on Reduction of Production Cost
4.2.4. Government Support to Promote the Pharmaceutical Sector
4.2.5. Growing Demand of Single Use Systems
4.3.1. Need of High Initial Investment for Automated Storage and Handling Systems
4.3.2. Demand for Refurbished Machines
4.4.1. Shift Towards the Use of Robotics
4.4.2. Booming Pharmaceutical Industry in Developing Economies
4.5.1. Current Good Manufacturing Practice Compliance
4.6. Regulatory Analysis
4.6.2. North America
22.214.171.124. United State of Food & Drug Administration
126.96.36.199. European Commission
4.6.5. Rest of World
188.8.131.52. Latin America
184.108.40.206. Middle East & Africa
4.6.6. International Standards
220.127.116.11. International Organization for Standardization (ISO)
18.104.22.168.1. ISO TC 199
22.214.171.124.2. ISO-ICS 53
5. Global Pharmaceutical Storage and Material Handling Systems Market, by Type
5.2. Transport Systems
5.2.3. Intermediate Bulk Containers (IBCs)
5.2.4. Drum Handlers
5.3. Storage Systems
5.3.3. Containers and Drums
5.3.4. Racking and Shelving Systems
5.4. Lifting and Positioning Systems
5.4.4. Lift Tables
5.5. Stacking and Unit Formation Systems
6. Global Pharmaceutical Storage and Material Handling System Market, by Mode of Operation
6.2. Semi- Automatic
7. Global Pharmaceutical Storage and Material Handling Market, by Product Form
8. Pharmaceutical Storage and Material Handling Systems Market, by Geography
9. Competitive Landscape
9.3. Partnerships and Collaborations
9.4. New Product Launches
10. Company Profiles
10.1. Servolift GmbH
10.2. Muller GmbH
10.3. Hanningfield Process Systems Ltd
10.4. GEA Group Aktiengesellschaft
10.5. Azo GmbH + CO.KG
10.6. David Round Company, Inc
10.7. Flexicon Corporation
10.8. Spirotech-SRD Group Ltd.
10.9. Vac-U-Max Inc
10.10. Dietrich Engineering Consultants S.A.
10.11. Volkmann, Inc
10.12. Schenck Process Holding GmbH
10.13. Coperion Capital GmbH
10.14. Matcon Ltd.
10.15. Gough Econ, Inc
10.16. Guttridge Limited
10.17. Glatt GmbH
For more information about this report visit
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets