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2019-06-18
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Global
The pharmaceutical industry has showed remarkable progression in the past few years. Despite the fact most other industries struggled during economic slowdown some time back, the pharmaceutical industry remained comparatively unaffected and sustained to record double-digit growth. Besides, numerous associated sectors that caters to the requirements of the pharmaceutical industry, such as packaging, IT & automation and analytical equipment, have also experienced continued growth momentum. Similarly, the pharmaceutical machinery industry, which is one of the essential sectors of the pharma industry, has made remarkable progress by bring together state-of-the-art machines for various processes, eg, tabletting, capsulation, material handling, powder processing, coating, packaging, and R&D, so as to encounter the growing demands of the pharma manufacturers.
Moreover, in recent years, major market players have continuously sought to advance their development at research and development center in reply to the even more effective pharmaceutical formulation technologies called for by the industry and in order to provide excipients that meet the needs of various applications. For instance, according to data published by FDA in 2016, the top 15 pharmaceutical companies in the U.S. invested an assessed 20.5% of their pharmaceutical sales back into Research and development to develop and manufacture new drug.
As per the analysis of global pharmaceutical granulators market conducted by Goldstein Research is anticipated to register a CAGR of 8.1% during the forecast period. In terms of value, the global pharmaceutical granulators market is anticipated to reach a market valuation in excess of USD 26.4 billion by 2025 end.
By Product Type
By Application
By Granulation Mechanism
By End Users
By Region
The North America bagged the highest market share owing to continuous expansion and technological advancement in pharmaceutical industry. Further, increase in frequency of chronic diseases, upsurge in adoption of tablet, capsule, and dry powder dosage forms, surge in research in innovative drug delivery systems are anticipated to drive the pharmaceutical granulation equipment market in the region.
On the other hand, Asia Pacific is estimated to be the most money-spinning pharmaceutical granulation equipment market owing to amplified outsourcing of research activities by leading market players in the developed markets because of accessibility of skilled labor and low cost of research and manufacturing in countries such as China and India.
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