New York, 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 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.
Market Segments
By Molecule Type
- Large Molecules
- Small Molecules
By Formulation
- Tablets
- Capsules
- Injectable
- Sprays
- Suspensions
Key Players
- Pfizer
- Roche
- Novartis
- Merck & Co.
- GSK
- Sanofi
- Bayer
- Boehringer Ingelheim
- Eli Lilly
- AbbVie
- Johnson & Johnson
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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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