What is Pharmaceutical Machinery-?
Pharmaceutical machinery is a broad term that includes all the medical equipment ranging from pharmaceutical machinery, medical instruments, and devices to all the healthcare machinery. The medical products that are meant to be used in the manufacturing and processing of pharmaceuticals and drugs as well as medical instruments used for diagnosis, treatment, and analysis of medical conditions fall in the broad category of pharmaceutical machinery. Pharmaceutical machinery manufacturers produce a wide range of machines to meet the needs of the pharmaceutical industry's various segments, including tableting, powder processing, capsulation, R&D equipment and instrumentation, material handling, coating, bulk drug plant installation, and packaging machinery, and so on. Medical equipment that aids in the diagnosis, monitoring, or treatment of medical disorders is included in the broader category of pharmaceutical equipment. These medical equipment are normally intended to meet stringent safety requirements. Pharmaceutical equipment also includes surgical tools, biomedical equipment, veterinary medical equipment, lab equipment specifically developed for pharmaceutical research and development, and medical equipment for a better grasp of all pharmaceutical machinery and equipment.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | GE Healthcare (United States), Siemens (Germany), Robert Bosch (Germany), Sartorius AG (Germany), Shimadzu (Japan), SHINWA Co., Ltd. (Japan), ACG Group (India), Tofflon (China), Bausch+Stroebel (Germany), GEA Group (Germany) and Truking Technology Limited (China) |
CAGR | % |
The market study is broken down by Type (API Equipment, Preparation Machinery, Medicinal Crushing Machine, Herbal Medicine Processing Machinery, Pharmaceutical Water Equipment, Pharmaceutical Packaging Machinery, Drug Testing Equipment and Other) and major geographies with country level break-up.
Most of the leaders in the field are looking towards advanced market for their pharmaceutical Machinery. As the developing countries mandate proper validation of the products the importance of machineries which incorporate advanced technologies and standards are also increasing. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Pharmaceutical Machinery- market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Siemens (Germany), Robert Bosch (Germany), Sartorius AG (Germany), Shimadzu (Japan), SHINWA Co., Ltd. (Japan), ACG Group (India), Tofflon (China), Bausch+Stroebel (Germany), GEA Group (Germany) and Truking Technology Limited (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hunan CHINASUN pharmaceutical machinery CO.,Ltd. (China), Bohle AG (Germany) and Sejong Pharmatech (South Korea).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Pharmaceutical Machinery- market by Type, Application and Region.
On the basis of geography, the market of Pharmaceutical Machinery- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product Type, the sub-segment i.e. Speed Mixing will boost the Pharmaceutical Machinery- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmaceutical Manufacturing will boost the Pharmaceutical Machinery- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In July 2021 - Pharmacy automation provider Parata Systems, a company of Frazier Healthcare Partners, announced the acquisition of Synergy Medical, a privately-held company that develops automation technologies to prepare and dispense solid oral medications in blister cards. This acquisition expands Parata's offering of innovative pharmacy automation technologies to further meet the needs of retail, hospital, long-term care, and government and direct-to-home pharmacies.
In March 2022- The Sterile Ophthalmic launches the new Oftalmica Romaco Macofar’s latest technology for aseptic filling of sterile eye drops. This newly launched liquid filling machine is the pharmaceutical machinery manufacturer’s answer to the growing demand for ophthalmic products with no added preservatives. Much stricter GMP regulations apply when these modern pharmaceutical formulations have to be filled under sterile conditions, and the Oftalmica fulfills them all.
Market Trend
- Pharmaceutical packaging is one of the fastest-growing sectors
- With the growth of pharmaceutical companies, machine manufacturers are upgrading themselves
Market Drivers
- Improving economic fundamentals will bolster most pharmaceutical machinery consuming sectors in developing regions
- Internet and related technologies promote the products and services, which has led to creating more awareness
Opportunities
- Worldwide demand for packaging equipment for the pharmaceutical sector
- Increasing demand from the developing countries
Restraints
- The pharmaceutical industry is an extremely competitive sector
Challenges
- Stringent safety and regulatory requirements in various western countries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.