Pharmaceutical Equipment Market to grow by USD 5.454 billion from 2022 to 2027 | The rising prevalence of diseases and increasing demand for pharmaceuticals drive the market - Technavio

NEW YORK, Sept. 5, 2023 /PRNewswire/ -- The pharmaceutical equipment market size is expected to grow by USD 5.454 billion from 2022 to 2027. In addition, the momentum of the market will be progressing at a CAGR of 6.67% during the forecast period, according to Technavio Research. The rising prevalence of diseases and increasing demand for pharmaceuticals are notably driving the market growth. The rising prevalence of chronic diseases attributed to various risk factors, including diabetes, hypertension, tobacco consumption, and obesity, has led to an upsurge in the utilization of Oral Solid Dosage (OSD) drugs among patients. This trend is rooted in patients' pursuit of efficacious and convenient treatment solutions for their enduring health conditions. Read PDF Sample Report

Company Profile:

ACG, ACIC Pharmaceuticals Inc., Alfa Laval AB, Antares Vision S.p.A, Astro Machine Works Inc., Bausch plus Strobel Maschinenfabrik Ilshofen GmbH plus Co. KG SE, Coesia SpA, Freund Corp., GEA Group AG, Hillenbrand Inc., IDEX Corp., IMA Industria Macchine Automatiche Spa, Koerber AG, Maquinaria Industrial Dara SL, Marchesini Group Spa, Merck KGaA, Romaco Holding GmbH, Silverson Machines Inc., Syntegon Technology GmbH, and Thermo Fisher Scientific Inc.

Company Offerings

• ACIC Pharmaceuticals Inc - The company offers pharmaceutical equipment such as ACIC pharmaceutical machinery used for filling and forming, pouch packing, soft gel encapsulation, blistering and tablet pressing.

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Pharmaceutical Equipment Market: Segmentation Analysis

This market research report segments the pharmaceutical equipment market by product type ( liquid and solid), type (Packaging equipment, Granulating equipment, Spray drying equipment, Filing machines, and Others) and Geography (North America, Europe, Asia, and Rest of World (ROW)).

• Asia is estimated to contribute 34% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America. The growth of the global pharmaceutical equipment market in North America is notably driven by the United States. The region hosts numerous prominent biotechnology companies that play a pivotal role in fueling market expansion. For instance, Pfizer Inc., one of the world's largest pharmaceutical companies, is headquartered in the US. This company is renowned for offering research and development solutions to pharmaceutical firms worldwide.
• The solid segment is estimated to witness significant growth during the forecast period. The solid segment mainly comprises the manufacturing of OSD forms of drugs. OSD can be defined as pharmaceutical products that are administered orally in different forms such as tablets, capsules, or powders. There is increasing adoption of OSD in the pharmaceutical sector due to its several benefits such as convenience, stability, accurate dosing, and controlled release capabilities. OSD is less susceptible to degradation and can have a high tolerance to different environmental conditions, such as temperature and humidity changes as they are in solid form. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Pharmaceutical Equipment Market: Driver & Trend:

Significant Pharmaceutical Equipment Market Trends

The technological advances in pharmaceutical equipment are an emerging market trend. The remarkable expansion of the global pharmaceutical equipment market is significantly driven by technological advancements, particularly the introduction of innovative solutions that elevate efficiency, bolster safety, and unlock new capabilities. Notably, the integration of automation and robotics has revolutionized pharmaceutical production, offering heightened precision, and efficiency, and diminished manual errors and labour expenses. Moreover, the incorporation of data analytics and artificial intelligence (AI) marks a pivotal milestone in pharmaceutical equipment evolution. AI algorithms adeptly decipher vast data sets to discern patterns, prognosticate outcomes, and streamline processes. Such integration of advanced technologies holds the potential to reshape the industry landscape, fostering accelerated growth during the forecast period.

Identify key trends, drivers, and challenges in the market. Download sample to gain access to this information.

What are the key data covered in this pharmaceutical equipment market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the pharmaceutical equipment market between 2022 and 2027.
• Precise estimation of the pharmaceutical equipment market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the pharmaceutical equipment market across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information about companies 
• Comprehensive analysis of factors that will challenge the growth of pharmaceutical equipment market companies.

Related Reports 

The medical composite materials market is expected to increase by USD 3.19 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.44%.

The Global Patient Monitoring Equipment Market size is estimated to grow at a CAGR of 8.48% between 2022 and 2027. The market size is forecast to increase by USD 20.39 billion.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio