Global Pharmaceutical Processing Seals Market - 2021-2028

Global Pharmaceutical Processing Seals Market - 2021-2028

Market Overview

Pharmaceutical processing seals are utilized to refine, mix, and domesticate the through-products and constituents of prescribed medications. It functions as a beneficial sealant by reducing the risk of cross-contamination. It is used to keep the device lubricated and improve its functioning. Many industrial applications, particularly the therapeutic and prescribed medication industries, rely on sealing solutions.

The global pharmaceutical processing seals market size was valued US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).

Market Dynamics

Technological advancement in the pharmaceutical processing of products is expected to drive market growth.

Blow/Fill/Seal (BFS) filling technology offers unique solutions to pharmaceutical manufacturers. It also brings new facility, quality, and process changes. It has become more prevalent for packaging aseptic pharmaceutical products. Modern BFS technology is considered an Advanced Aseptic Processing technology and is accepted widely by regulatory authorities (e.g., FDA, USP, EMEA). Moreover, studies have shown that Blow/Fill/Seal aseptic filling systems have up to one-tenth the contamination rates as traditional aseptic liquid filling operations. Intrinsic and extrinsic particles in containers produced with BFS technology are also significantly lower than they are found in containers filled with other technologies. Thus, the market is expected to drive in the forecast period from the above statements.

Restraint:

With the high cost of new instruments, refurbished equipment is a feasible alternative for pharmaceutical businesses. The growing desire for refurbished equipment is that it can save 40–45 percent of the costs associated with new machinery, cutting capital expenditure. Moreover, tremendous costs for R&D, trials, testing and stringent product approvals are factors the market is expected to hamper in the forecast period.

COVID-19 Impact Analysis

The COVID-19 pandemic has moderately impacted healthcare systems and the market. The need for pharmaceutical sector items has increased due to the COVID-19 pandemic, which has aided the expansion of the pharmaceutical processing seals market. In contrast, the suspension of manufacturing operations, interruption of the supply chain, and falling demand for industrial goods all substantially influenced the market due to the COVID-19 pandemic. Thus, the COVID-19 pandemic has affected the market moderately. However, the situation is expected to improve gradually in the forecast period.

Segment Analysis

O-Ring Seals segment is expected to hold the largest market share in pharmaceutical processing seals market

The O-ring seals segment is expected to dominate in 2020. The segment growth benefits because O Ring Seals are one of the most basic precision mechanical parts created. They continue to be one of the most widely used sealing goods, effectively utilized in a wide temperature range and various fluids to prevent leakage and dust penetration. There are additional variations in rubber selection according to the operating temperature, contact medium, and pressure to withstand. They're usually constructed of elastomer, although O-rings can also be made of PTFE, thermoplastic polymers, and metals, both hollow and solid.

Moreover, Within the pharmaceutical industry, o rings and specialist seals will be used in ventilators, CPAP machines, and even pharmaceutical manufacturing. For instance, Glyd Ring T provides optimum leakage control and good extrusion resistance. The seal is a double-acting O-Ring energized piston seal for dynamic applications. Installed in grooves to ISO 7425, it has excellent friction characteristics with no stick-slip, minimal breakout force and high wear resistance. Thus, the market segment is expected to hold the largest market share in the forecast period from the above statements.

Geographical Analysis

North America region holds the largest market share in the global pharmaceutical processing seals market

In 2020, North America accounted for the highest revenue share. Technological advancement in the pharmaceutical processing seals, well-established healthcare infrastructure, huge need for new and innovative medicinal products due to high consumption, high healthcare spending and product launches, collaborations by the market players in the region are some of the factors the market is expected to boost in the forecast period. For instance, Crawford Packaging, a packaging machines company based in the United Kingdom, unveiled Evolution S, a top seal packaging technology machinery with enhanced tray sealing solution made by Packaging Automation Ltd, in November 2021. Evolution S - Packing Automation has developed the world's most efficient tray sealing technology in a single lane configuration, raising the standard for precision and rapid sealing rates while reducing the packing area's required footprint. Moreover, DXP Cortech, a pump and process equipment reseller based in the United States, partnered with John Crane for an unknown sum in April 2021. DXP Cortech would function as a distributor for John Crane products in the California region and the extended west coast markets due to this agreement. Thus, the North American region is expected to hold the largest market share in the forecast period from the above statements.

Competitive Landscape

Major key players in the pharmaceutical processing seals market are Trelleborg AB, Freudenberg Group, Flowserve Corporation , James Walker, Parker Hannifin Corporation, Saint-Gobain S.A., Garlock, Morgan Advanced Materials PLC, Vulcan Engineering Limited and West Pharmaceutical Services, Inc.

West Pharmaceutical Services, Inc.:

Overview:

West Pharmaceutical Services, Inc. is a designer and manufacturer of injectable pharmaceutical packaging and delivery systems. The company's proprietary drug and biologic packaging products include seals and stoppers for injectable medicine, syringe components, and injection systems. It also provides contract manufacturing services, including product design and commercialization, injection molding, and complex assemblies for pharmaceutical, diagnostic, and medical device customers. West provides reconstitution and administration systems to aid delivery in home and hospital environments and containment systems made from Daikyo Crystal Zenith cyclic olefin polymer. The US is the West's largest single market.

Product Portfolio:

Flip-Off CCS Seals: West’s Flip-Off CCS seals (clean, certified, sterilized) provide the highest-in-market quality for patient safety. It is designed for aseptic operations, has a specified particulate level and is delivered in a sterilized format.

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Visualize the composition of the pharmaceutical processing seals market segmentation by type, material, application and region highlighting the key commercial assets and players.

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Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Market Segmentation

Global Pharmaceutical Processing Seals Market – By Type

O-Ring Seals

Gaskets

Lip Seals

D Seals

Others

Global Pharmaceutical Processing Seals Market – By Material

Metals

Nitrile Rubber

Silicone

EPDM

PTFE

Others

Global Pharmaceutical Processing Seals Market – By Application

Manufacturing Equipment

Pharmaceutical Devices

Others

Global Pharmaceutical Processing Seals Market - By Region

North America

South America

Europe

Asia

Middle East & Africa