United States Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market Forecast 2022-2028
KEY FINDINGS
The United States pharmaceutical continuous manufacturing gravimetric feeder market is set to progress with a CAGR of 9.56% across the forecasting years. The market growth of the country is reinforced by the well-established presence of pharmaceutical and biopharmaceutical companies and increasing investments in research and development. The base year considered for the market studied is 2021 and the forecast period is from 2022 to 2028.
MARKET INSIGHTS
The United States harbors a notable proportion of the pharma industry across the globe despite the impact of different developing countries. Also, the country is home to some of the world’s largest pharmaceutical and biopharmaceuticals corporations, namely Merck & Co, Johnson & Johnson, Pfizer Inc, etc. In addition, there are more than 450 generic pharmaceutical manufacturing organizations in the United States as of 2022.
On the other hand, in the year 2020, the United States’ pharmaceutical business spent nearly $91 billion on research and development (R&D). In recent years, the pharmaceutical sales revenues in the country have equated to approximately half of the total, worldwide. Therefore, the surge in expenditure across the pharmaceutical sector in the United States is estimated to proliferate the demand for pharmaceutical continuous manufacturing gravimetric feeders in the country. As a result, the aforementioned factors are expected to augment the market growth in the country during the forecasted years.
COMPETITIVE INSIGHTS
Prominent companies operating in the market are Hardy Process Solutions, Separator Engineering Ltd, Gericke AG, etc.
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