Global Pharmaceutical Processing Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pharmaceutical Processing Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pharmaceutical processing equipment is a series of production equipment used in pharmaceutical preparation. Mainly include water treatment, bioreactor, mixer, blower, capsule equipment, centrifuge and dryer/granulator, etc.

Market Overview:

The latest research study on the global Pharmaceutical Processing Equipment market finds that the global Pharmaceutical Processing Equipment market reached a value of USD 20842.5 million in 2022. It’s expected that the market will achieve USD 28656.53 million by 2028, exhibiting a CAGR of 5.45% during the forecast period.

Inflation rates generally fall

Affected by the COVID-19 epidemic, the inflation rate has generally declined. Inflation rates in the world’s major economies have fallen, and some economies have experienced deflation. Epidemics and their prevention and control have led to simultaneous reductions in supply and demand in various countries. However, the phenomenon of a general decline in the inflation rate shows that the negative impact on the demand of various countries is even greater. The global macroeconomic situation is usually manifested as insufficient aggregate demand.

Significant reduction in international trade

Affected by the COVID-19 epidemic, international trade has dropped significantly. Affected by economic and trade frictions between China and the United States and trade conflicts between the United States and other countries, global international trade has shrunk in 2019. Affected by the new crown epidemic in 2020, international trade continues to shrink, and the contraction expands significantly. In the first quarter and the second quarter of 2020, the year-on-year growth rate of world exports of goods was -6.4% and -21.3% respectively. Compared with the same period of the previous year, the rate of decline has expanded by 4.0 and 18.1 percentage points respectively.

The unemployment rate has risen significantly

Affected by the COVID-19 epidemic, the unemployment rate has risen significantly. Before the outbreak, the unemployment rate in the world's major economies was at a historically low level. After the outbreak, unemployment rates in many countries have risen significantly. The epidemic rebounded in the autumn and winter of 2020, and the global unemployment situation further deteriorated.

Political Factors

For the pharmaceutical industry, almost every country has related agencies and government organizations to supervise the production and sale of drugs. In recent years, many countries and regions have issued a series of encouraging policies for the pharmaceutical industry. These policies have promoted the technological advancement of pharmaceutical companies to a certain extent, and also stimulated the demand for pharmaceutical processing equipment. For example, one of the biggest challenges faced by companies developing drugs for rare diseases in the United States is that because the target population is small, sponsors are unlikely to recover the costs of research, development, and approval from orphan drug products. In response, the FDA has developed a variety of incentives to make orphan drug development financially easier for the company to pursue. Certain incentives include a 7-year marketing exclusivity for sponsors of approved orphan products, and a 25% federal tax credit for costs incurred in conducting clinical research in the United States. The tax credit can be granted in the previous year. Use or use up to 20 years to pay future taxes, etc.

Technological Factors

With the continuous development of science and technology and the continuous efforts of researchers, the technology of some pharmaceutical processing equipment is constantly improving. For example, in 2020, researchers improved the bioreactor and invented a small and simple bioreactor system. This system overcomes some of the problems of typical bioreactor systems, while retaining the scale suitable for forming complex tissues. The application of new bioreactor technology to enhance the vitality and function of cultured cells and tissues. In addition, the continuous progress of pharmaceutical water purification technology and other pharmaceutical processing equipment are promoting the development of the industry.

Environmental Factors

For the pharmaceutical processing equipment industry, the production process will not cause too much impact on the environment. Therefore, environmental protection policies and other environmental factors have little impact on the pharmaceutical processing equipment industry.

Legal Factors

The pharmaceutical field is an extremely important industry that provides millions of patients with high-quality drugs to diagnose, cure, alleviate, treat or prevent diseases and promote the overall health of patients. Therefore, it is necessary to ensure that the products produced by pharmaceutical companies are always safe and efficient.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

GEA is one of the major players operating in the Pharmaceutical Processing Equipment market, holding a share of 6.21% in 2023.

GEA

GEA is a well-known expert in the pharmaceutical, nutraceutical, biopharmaceutical and biotechnology processing and manufacturing industries, with more than 100 years of experience.

Syntegon Technology

Syntegon is a leading provider of processing and packaging technology. As a trusted partner in the food and pharmaceutical industries, the company provides smart and sustainable solutions to customers around the world.

Segmentation Overview:

By type, Bioreactors segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Dryers and Granulators, with a market share of 21.77% in 2022.

Key Companies in the global Pharmaceutical Processing Equipment market covered in Chapter 3:

ACG
IMA
Telstar
Marchesini Group SpA
Truking
LB Bohle
Sartorius
Bausch+Stroebel
Chunguang Pharmaceutical
Tailin
Tofflon
Canaan
Syntegon Technology
GEA
Shinva
Korber
Rommelag

In Chapter 4 and Chapter 14.2, on the basis of types, the Pharmaceutical Processing Equipment market from 2018 to 2029 is primarily split into:

Water Treatment
Bioreactors
Mixers
Blowers
Capsule Equipment
Centrifuges
Dryers and Granulators
Filling Machine

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pharmaceutical Processing Equipment market from 2018 to 2029 covers:

Pharmaceutical Company
Institute of Medicine

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)