Pharmaceutical packaging & processing are some of the most crucial aspects of pharmaceutical industry as it involves all of the operations from production through drug distribution channels to the end consumer. Being a highly regulated sector companies has to pay meticulous attention in the processing and packaging in order to assure patient safety as well as the efficiency and shelf life of the drug. “Meticulous Research” in its latest publication states that, the “global market for pharmaceutical processing and packaging equipment market is expected to grow at a CAGR of 8.5% from 2017 to 2022 to reach $ 25,018.3 million by 2022.”
This growth is primarily driven by the increasing growth of aging population, rise in chronic and infectious diseases, increase in genericization of drugs, rapid growth of pharmaceutical industries, technological advancements, and growing need to comply with GMP guidelines in pharmaceutical manufacturing units.
There is a rapid hike observed in the pharmaceutical sector. The mania of ‗Every ill has a pill‘ has outpaced the pharmaceutical market in the sense that the minor problems which can be cured without the use of medications are also replaced by using OTC (over the counter) medications. According to Consumer Healthcare Products Association (CHPA), over the counter drugs are the preferred first lines of treatment as shown in the figure. During the past several decades, consumer demand for pharmaceuticals as maintenance therapy, as well as “lifestyle” drugs that enhance one’s health and well-being, have grown tremendously. This increase is a major driver of industry growth. According to Consumer HealthCare Products Association, 81% of adults use OTC medicines as a first response to minor ailments. Moreover, various developments in pharmaceutical sector like health insurance, medical technology, and mobile telephony are further accountable for the growth of this sector.
According to the Consumer Healthcare Products Association, the OTC drugs are used as trusted first-line of defense for healthcare providers & consumers. In case of range of illness, 8 in 10 consumers use OTC drugs to relive their symptoms without visiting to healthcare professionals. Although branded products accounted for nearly two thirds of global pharmaceutical spending in 2010, as patents expire in developed markets, this share is expected to decline. Spending on generic medicines is also driving most of the growth in the leading emerging markets, which will contribute to the increase in the share of generic spending.
Similarly, the increased consumption of antibiotic is also accountable for the rising demand of pharmaceuticals. According to ECDC (European Centre For Disease Prevention and Control), overall antibiotic consumption in Europe is increased from 10.6 DDD (Defined Daily Dose) in 2010 to 34.1 DDD in 2014. Hence, the hiking use of antibiotics to cure and prevent the chronic diseases across the globe along with rising demand of medication is expected to drive pharmaceutical production in the near future. However, increasing R&D investments of pharmaceutical companies also influenced the sector consistently. According to IFPMA, in the countries like the U.S., Europe and others R&D investments on pharmaceutical companies had grown more than double in 2014.
In addition to this increasing R&D intensity by the research based pharmaceutical industries in the developed countries is considered as one of the prominent factor for growth of pharmaceutical industries and market as well.
The report provides meticulous analysis of pharmaceutical processing & packaging equipment market on the basis of processing equipment [by product type (milling equipment, vibrio sifter, granulators, dryers, blenders, tablet press machines, tablet coating machines, and allied machines), by mode of administration (oral and topical) and packaging equipment (primary packaging equipment, secondary packaging equipment, and labelling and serialization equipment), and geography.
The key players analyzed in the pharmaceutical processing & packaging equipment market are Maquinaria Industrial Dara, SL, Romaco Group, Tecnomaco Italia SRL, Cadmack Machinery Co. Pvt. Ltd., M.A.R. S.P.A. MacchineAutomaticheRiempitrici, ACIC Pharmaceuticals Inc., IDEX CORPORATION, Uhlmann, GroupeBretecheIndustrie, I.M.A IndustriaMacchineAutomatiche S.P.A, Robert Bosch GmBH, GEA Group, Körber AG, Bausch + Ströbel, Optel Group, Jeckson Vision, ACG Worldwide, Brevetti C.E.A. SPA, Sainty International Group (SAINTYCO), Antares Vision S.r.l and Kevin Process Technologies Pvt. Ltd., and Marchesini Group.
Key Topics Covered in This Report:
- Research Methodology
- Executive Summary
- Market Share Analysis
- Market Insights
- Global Pharmaceutical Processing Equipment Market, By Product
- Global Pharmaceutical Processing Equipment Market, By Administration
- Global Pharmaceutical Packaging Equipment Market, By Type
- Geographic Analysis
- Competitive Landscape
- Company Profiles
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