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.
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Market Segments
Pharmaceutical manufacturing can be segmented into molecule type, formulation, routes of administration, therapy area, prescription, age group, and region. By molecule type, the market is segmented into large molecules and small molecules. By formulation, the market is segmented into tablets, capsules, injectables, sprays, suspensions, powders, and others. By routes of administration, the market can be segmented into oral, topical, parenteral, inhalations, and others. By therapy area, the market can be segmented into cardiovascular diseases (CVDs), pain, diabetes, cancer, respiratory diseases, and others. By prescription, the market can be segmented into prescription medicines and over-the-counter (OTC) Medicines. By age group, the market can be segmented into children & adolescents and adults & geriatric. By region, it is classified into North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Key Players
The pharmaceutical manufacturing market includes players such as Pfizer(NY), Roche(CH), Novartis(CH), Merck & Co.(US), GSK(UK), Sanofi(FR), Sun Pharmaceutical(IN), Johnson & Johnson(US), Takeda(JP), Sun Pharmaceutical(IN).
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