Pharmaceutical Continuous Manufacturing Market Poised for Growth, Expected to Reach $3.71 Billion by 2028
Pharmaceutical Continuous Manufacturing Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Pharmaceutical Continuous Manufacturing Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, July 9, 2024 /EINPresswire.com/ -- The pharmaceutical continuous manufacturing market1, which involves producing pharmaceutical goods on a single, uninterrupted production line, is set to grow significantly in the coming years. Starting from $2.26 billion in 2023, the market is projected to reach $2.5 billion in 2024, growing at a compound annual growth rate (CAGR) of 10.5%. This growth can be attributed to various factors such as quality improvements, efficiency gains, regulatory support, and the increasing demand for streamlined production processes.
Driving Forces Behind Market Growth
The pharmaceutical continuous manufacturing market is expected to continue its rapid expansion, aiming for $3.71 billion by 2028, with a CAGR of 10.4%. This growth will be driven by the rise in generic drug production, biopharmaceutical manufacturing, and the adoption of patient-centric approaches. Continuous manufacturing methods enable pharmaceutical companies to enhance production efficiency and reduce costs, facilitating broader access to essential medications.
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Major Players and Market Trends
Key players such as Pfizer Inc., Siemens AG, and Novartis AG are focusing on developing advanced equipment like continuous manufacturing lines to gain a competitive edge. For instance, WuXi STA recently launched a Continuous Manufacturing (CM) line in China, integrating Process Analytical Technology (PAT) to ensure high product quality.
Market Segments
Product Types: Integrated Continuous System, Control And Software, Semi-Continuous System
Therapeutics Types: Large Molecule, Small Molecule
Formulations: Solid Formation, Liquid And Semi-Solid Formation
Applications: Final Drug Product Manufacturing, Active Pharmaceutical Ingredient (API) Manufacturing
End-Users: Pharmaceutical Companies, Contract Manufacturing Organization, Other End-Users
Regional Insights: Asia-Pacific Leading Growth
Western Europe dominated the pharmaceutical continuous manufacturing market in 2023, with Asia-Pacific expected to be the fastest-growing region in the coming years. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Pharmaceutical Continuous Manufacturing Global Market Report 20242 from TBRC covers the following information:
Market size data for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Pharmaceutical Continuous Manufacturing Global Market Report 2024 by The Business Research Company3 is the most comprehensive report that provides insights on pharmaceutical continuous manufacturing market size, pharmaceutical continuous manufacturing market drivers and trends, pharmaceutical continuous manufacturing market major players, competitors' revenues, market positioning, and market growth across geographies. The pharmaceutical continuous manufacturing market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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