Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.53 Billion | USD 3.24 Billion | 9.6% | 2021 |
FrequentlyAsked Questions
Advancements in technology and improved process quality may benefit the market growth. Continuous manufacturing refers to the production of a pharmaceutical product in a single continuous process. The entire procedure takes place in one location, from beginning to end, with no wait times. This helps to lower the manufacturing costs, mostly during the long process run.
According to the Zion Market Research report, the global pharmaceutical continuous manufacturing market was worth about 1.53 (USD billion) in 2021 and is predicted to grow to around 3.24 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 9.6 percent.
The global pharmaceutical continuous manufacturing market is largely dominated by Europe. Key factors such as the existence of several contract manufacturing organizations, as well as strong demand for innovative technologies from pharmaceutical corporations, have fueled the industry in the region. The United Kingdom and Germany are driving Europe's growth. In 2021, the region holds over 35 percent of the share also in terms of growth, the market in the region is predicted to outperform others, with a CAGR of 9.6% during the forecast period.
Major players operating in the global pharmaceutical continuous manufacturing market include Coperion GmbH, Bosch Packaging Technology, Gebrüder Lödige Maschinenbau GmbH, Hosokawa Micron Corporation, GEA Group AG, Glatt GmbH, Korsch AG, L.B. Bohle Maschinen + Verfahren GmbH, Thermo Fisher Scientific Inc., and Munson Machinery Company, Inc.
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