Aseptic Pharma Processing Market To Grow With an Impressive CAGR During The Forecast Period
Global Aseptic Pharma Processing Market is driven by expanding
pharmaceutical industry in the forecast period, 2023-2027.
According
to TechSci Research report, “Aseptic Pharma Processing Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2017-2027”, The
global aseptic pharma processing market may show a robust growth in the
forecast years, 2023-2027 with an anticipated CAGR value. The market growth can
be attributed to the factors like increasing demand for safe and hygienic
packaging of food and pharmaceutical products. Higher prevalence of chronic
disease, infectious diseases, and thus increased production of pharmaceutical
products is driving the growth of the global aseptic pharma processing market
in the upcoming five years. Also, advantages of the aseptic processing that
aids pharmaceutical packaging, further supports the growth of the global
aseptic pharma processing market in the next five years. Advantages like
reduced risk of high-cost product losses, longer shelf life, prolonged potency
of pharmaceutical are some of the key aspect that the pharma companies look
forward to and accept aseptic pharma processing thereby substantiating the
growth of the global aseptic pharma processing market in the forecast years
through 2027. Moreover, increasing investment in the pharmaceutical industry enhance
production of the pharmaceutical products. Packaging and processing further
costs substantially to the market players, thus investments in the industry are
utilized in that area too. Government schemes, programs, investments, private
financial support further aid the growth of the global aseptic pharma
processing market in the future five years.
Furthermore,
high growth in the generics and biopharmaceuticals along with the growing demand
for contract manufacturing organizations (CMOs) for aseptic manufacturing of
pharmaceutical products are also supporting the market growth.
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The
global aseptic pharma processing market segmentation is based on component,
technology, product, application, regional distribution, and competitive
landscape. Based on component, the market is differentiated between processing
equipment and packaging equipment. Processing equipment include drying
equipment, extruders, granulation equipment, tablet compression, fill/finish
equipment, mixing equipment, and others. Processing equipment are anticipated
to hold the largest revenue shares of the market and dominate the market
segment in the upcoming five years on the grounds of increasing demand for the
prolonged shelf life and aseptic processing of the pharmaceuticals. The
processing equipment are specifically designed for pharmaceuticals and have
higher costs. Maintenance charges, and regular testing further adds up to the
cost and thus may drive more investments from the sources. Packaging equipment
include inspection machines, labelling machines, and aseptic packaging
machines. Packaging equipment are also anticipated to significantly grow due to
surging demands for the eco-friendly and hygienic packaging for pharmaceutical
products.
Market
segment by technology, is further bifurcated into drying, lyophilization,
closed vial technology, blow fill seal technology, and others. Lyophilization
is anticipated to hold the largest revenue shares of the market and dominate
the market segment in the upcoming five years on the account of its assurance
to keep aseptic environment for the pharmaceutical product. The process is also
known as freeze drying, that is a low temperature dehydration process that
involves freezing the product, lowering pressure, then removing the ice by
sublimation.
Some
of the market players, dominating the global aseptic pharma processing market
are :
- Abbvie Inc.
- Lonza Group
- Baxter International Inc.
- Recipharm AB
- August Bioservices, LLC
- Vetter Pharma-Fertigung GmbH & Co. KG
- Berkshire Sterile Manufacturing
- Recro Pharma Inc.
- Samsung Biologics
- Symbiosis Pharmaceutical Services Ltd.
- Catalent Pharma Solutions Inc.
- Alcami Corporation
- LSNE Contract Manufacturing
- IRISYS
- Robert Bosch GmbH
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“North America region may hold the
largest revenue shares of the market and dominate the market segment due to
largest pharmaceutical industry in the region. Major economies like the United
States, and Canada are supported by some of the largest pharmaceutical
industries in the world. Increasing investment in the healthcare industry and growing
advancement in the pharmaceutical product further drives the growth of the
market. Aseptic pharma processing market is also growing in the region due to standardized
regulatory scenarios and rapidly growing number of market players involved in
the industry. Biotechnology companies are also aiding the market with their
advanced technology and higher investment. Improving the manufacturing,
packaging, and other processing of the pharmaceutical products along with advancing
automation technologies further substantiate the growth of the global aseptic
pharma processing market in the future five years. New market players may
invest in the research and form conjugated business with the global
pharmaceutical players to establish their brands,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Aseptic Pharma
Processing Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027, Segmented By Component
(Processing Equipment {Drying Equipment, Extruders, Granulation Equipment,
Tablet Compression, Fill/Finish Equipment, Mixing Equipment, Others} v/s Packaging
Equipment {Inspection Machines, Labelling Machines, Aseptic Packaging
Machines}), By Technology (Drying, Lyophilization, Closed Vial Technology, Blow
Fill Seal Technology, Others), By Product (Corticosteroids, Antibiotics,
Antagonists, Biologics, Others), By Application (Ophthalmic Suspensions,
Reconstituted Lyophilized Powders for Injection, Sterile Injectables,
Aqueous-Based Aerosols for Inhalation, Others), By Region”, has evaluated the future
growth potential of global aseptic pharma processing and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global aseptic pharma processing market.
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