‘Pharmaceutical Processing Equipment Market by Mode of Delivery (Oral [OSDs {Coating, Milling}, Oral Liquid Dosages {Filtration Units}], Parenterals [SIP, CIP, Process Systems], Topicals [Agitators, Homogenizers, Colloid Mills]) – Global Forecasts to 2029’, published by Meticulous Research®, the pharmaceutical processing equipment market is projected to grow at a CAGR of 4.2% during the forecast period 2022–2029 to reach $12.85 Billion by 2029.
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The pharmaceutical industry includes a set of processes like manufacturing, extraction, processing, and packaging of drugs to treat or cure diseases. Pharmaceutical manufacturing comprises two processes, primary processing, which includes the production of active ingredients & drugs, and secondary processing, which includes the conversion of active products into suitable administration dosages. The processing equipment included in the scope is divided based on the mode of delivery.
The growth of the pharmaceutical processing market is attributed to the increasing regulatory approvals of pharmaceutical products, increasing production capacities, the emergence of flexible and continuous manufacturing, and rapid expansion of the pharmaceutical market. Increasing outsourcing of manufacturing capabilities also drives this market. Emerging pharmaceutical manufacturing hotspots in developing countries and a growing clinical pipeline offer opportunities for the growth of the pharmaceutical processing equipment market.
The global pharmaceutical processing equipment market is segmented by mode of delivery (oral [oral solid dosages {blending equipment, fluidized bed machine, milling equipment, compression/press equipment, capsule making equipment, capsule filling equipment, and other processing equipment}, oral liquid dosages {sugar charging/transfer systems, preparation vessels, melting vessels, and storage tanks, stirrers and homogenizers, filtration units, and other processing equipment}], parenteral [mixing equipment, preparation tank, and other containers, process systems (SVP, LVP), filtration units, sterilization tunnels, clean-in-place (CIP) and steam-in-place (SIP) system, aseptic inspection systems, and other processing equipment], topicals [planetary and homogenizer mixer, preparation vessels, reactors, and storage tanks, colloid mills, agitator–stirrer, and other processing equipment]), and geography.
Based on mode of drug delivery, in 2022, oral formulations segment is estimated to generate the largest proportion of revenue in the pharmaceutical processing equipment market. The large revenue share of this mode is mainly to its ease in consumption, convenience, safety, and cost-effectiveness. Furthermore, patients’ compliance is higher with this mode than with other delivery modes. The oral dosage forms also offer ease in large-scale manufacturing. Thus, based on these factors, the preference for oral formulations is likely to continue to increase during the forecast period.
However, the parenteral formulation segment is estimated to grow with the highest CAGR over the forecast period. Parenteral formulations are either administered as infusion or injection. Parenteral preparations include powders, gels, suspensions, and solutions. High preference for the parenteral formulation, in case of drugs that are poorly absorbed, ineffective, or inactive if given orally, and provision of immediate onset of action are the factors driving the growth of this market. Physicians prefer the parenteral route of administration for unconscious patients or patients with a non-functional gastrointestinal tract. Bypassing the gastrointestinal tract provides immediate physiologic response and complete systemic circulation. Thus, if oral administration is not possible, parenteral formulation drives the demand for processing equipment for parenteral formulations.
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Some of the key players operating in the global pharmaceutical processing equipment market are ACG (India), Cadmach Machinery Company Private Limited (India), GEA GROUP (Germany), Sainty Co. (China), Syntegon Technology GmbH (Germany), Freund Corporation (Japan), ACIC Pharmaceuticals Inc. (Canada), Bausch+Ströbel Maschinenfabrik Ilshofen GmbH + Co. KG (Germany), Fette Compacting GmbH (Germany), IDEX Corporation (U.S.), Kevin Process Technologies Private Limited (India), KIKUSUI SEISAKUSHO LTD. (Japan), KORSCH AG (Germany), MAQUINARIA INDUSTRIAL DARA, SL (Spain), and Marchesini Group S.p.A. (Italy).
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