According to a new market research report published by Global Insight Services “Pharmaceutical Manufacturing Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Pharmaceutical manufacturing technology is the process and machinery used to produce medications and other pharmaceutical products. This technology has evolved significantly over time, and today there are many different ways to manufacture pharmaceuticals. The most common methods of pharmaceutical manufacturing include chemical synthesis, fermentation, extraction, purification, and formulation.
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Key Players
- Pfizer
- Roche
- Novartis
- Merck & Co.
- GSK
- Sanofi
- Bayer
- Boehringer Ingelheim
- Eli Lilly
Key Trends
Some of the key trends in pharmaceutical manufacturing are:
- Use of digital technologies such as cloud and AI in managing manufacturing processes
- Increased usage of Personalized Medicine
- Move towards low volume production
- Digitization of paper processes and documentation
- Increase in Continuous Manufacturing processes
Key Drivers
The growing prevalence of chronic diseases and the ensuing increase in the demand for drugs are expected to propel market growth.
The market is expected to be driven by the increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes. According to the World Health Organization, the number of people suffering from chronic diseases is expected to increase from 41% in 2010 to 50% by 2030.
The increasing demand for generic drugs is another key driver of the market. Generic drugs are cheaper than their branded counterparts and are expected to witness significant growth in the coming years. The patent expiration of several blockbuster drugs is also expected to contribute to the growth of the generic drugs market.
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Market Segments
By Molecule Type
- Large Molecules
- Small Molecules
By Formulation
- Tablets
- Capsules
- Injectable
- Sprays
- Suspensions
- Powders
- Other
By Routes of Administration
- Oral
- Topical
- Parenteral
- Inhalations
- Other
By Therapy Area
- Cardiovascular Diseases (CVDs)
- Pain
- Diabetes
- Cancer
- Respiratory Diseases
- Other
By Prescription
- Prescription Medicines
- Over-the-counter (OTC) Medicines
By Age Group
- Children & Adolescents
- Adults
- Geriatric
Reasons to buy Pharmaceutical Manufacturing Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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