Pharmaceutical Manufacturing Equipment Market

Pharmaceutical Manufacturing Equipment Market Overview

The global pharmaceutical manufacturing equipment market is expected to rise at a CAGR of 6.4% during the projected period. The market value is projected to increase from USD 14.7 billion in 2024 to USD 27.3 billion by 2034.

Pharmaceutical Manufacturing Equipment Market Size, Analysis, and Insights

• The aging population is expected to drive the pharmaceutical manufacturing equipment market during the forecast period.
• As people age, they are more likely to require medication to manage chronic health conditions, such as diabetes, heart disease, and arthritis.
• The increased demand for medication has led to a corresponding increase in demand for pharmaceutical manufacturing equipment, as manufacturers need to produce more drugs to meet this demand.
• The increasing prevalence of chronic diseases is another factor contributing to the growth of the pharmaceutical manufacturing equipment market.
• Chronic diseases, such as cancer, diabetes, and cardiovascular disease, are becoming more common, and this is driving up demand for medication to manage these conditions. As a result, pharmaceutical manufacturers are investing in new equipment to produce more drugs and meet this rising demand.
• Personalized medicine refers to the use of genetic information to tailor medical treatment to an individual's specific needs.
• In line with this approach has the potential to improve patient outcomes and reduce healthcare costs, and it requires specialized equipment to produce these personalized drugs.
• The consumer need has led to the adoption of scratch-resistant glass in other industries as well, such as in the automotive industry, where it is used in windshields and other windows to prevent damage from road hazards.

Attributes	Details
Market Size, 2024	USD 14.7 billion
Market Size, 2034	USD 27.3 billion
Value CAGR (2024 to 2034)	6.4%

Key Opportunities for the Pharmaceutical Manufacturing Equipment Market

• The rising adoption of automation and robotics in pharmaceutical manufacturing processes.
• Automation and robotics have proven to be highly efficient in reducing errors and minimizing wastage, and this has led to increased adoption by manufacturers.
• The adoption of artificial intelligence (AI) and machine learning (ML) technologies in pharmaceutical manufacturing is expected to create new growth opportunities for manufacturers.

Challenges for the Pharmaceutical Manufacturing Equipment Market

• The need to keep up with ever-changing regulations and compliance requirements.
• The pharmaceutical industry is heavily regulated, and manufacturers must adhere to strict standards to ensure the safety and efficacy of their products. This requires significant investment in research and development, as well as ongoing training and education to stay updated with new regulations.
• Rising need to stay ahead of the curve regarding new technologies and innovations.
• As new equipment and machinery are developed, manufacturers must be able to quickly adapt and integrate these new technologies into their existing processes to stay competitive.
• Manufacturers in the pharmaceutical manufacturing equipment market must be able to effectively manage their supply chain and production processes to ensure timely delivery of products.
• It requires close collaboration with suppliers, as well as effective management of inventory and production schedules.

Category-wise Insights

The Processing Equipment Segment Dominates the Market by Product Type

Attributes	Details
Product Type	Processing Equipment
Market CAGR from 2024 to 2034	6.1%

• The growing trend toward automation and digitization of the pharmaceutical manufacturing process also drives the demand for processing equipment.
• The increasing demand for pharmaceuticals worldwide is driving the growth of the segment. This is leading to a surge in the production of drugs, which requires advanced processing equipment to ensure efficiency, accuracy, and quality.
• The processing equipment segment includes a wide range of equipment used in various stages of the manufacturing process, such as mixing, granulation, drying, and milling. This versatility makes it a crucial component of the pharmaceutical manufacturing process, contributing to its dominance in the market.
• The use of chemically strengthened glass in automotive and architectural applications is also on the rise, as it provides better protection and strength compared to traditional glass.

The Pharmaceutical Company Segment Dominates the Market by Application Type

Attributes	Details
Application	Pharmaceutical Company
Market CAGR from 2024 to 2034	5.9%

• The dominance of pharmaceutical companies in the equipment market is due to stringent regulations and standards in the industry.
• Regulations require a high level of quality control and assurance, which can be difficult for smaller companies to achieve.
• Pharmaceutical companies, on the other hand, have the resources and experience to comply with these regulations and maintain their reputation for safety and efficacy.
• Pharmaceutical companies have the financial resources to invest in the latest technology and equipment, allowing them to stay ahead of the competition and produce pharmaceuticals more efficiently.
• They also have well-established networks and partnerships with suppliers, which gives them an advantage in securing the necessary raw materials for production.

Country-wise insights

Countries	CAGR through 2024 to 2034
United States	6.5%
United Kingdom	7.7%
China	6.9%
Japan	7.3%
South Korea	7.5%

Rise in Chronic Diseases in the United States

• The demand for drugs that treat age-related conditions such as diabetes, heart disease, and Alzheimer's disease has increased. This has led to a greater need for pharmaceutical manufacturing equipment that can produce these drugs in large quantities.
• The rise in chronic diseases such as cancer, HIV/AIDS, and autoimmune disorders has also contributed to the growth of the pharmaceutical manufacturing equipment market in the United States.
• Above diseases require specialized drugs, often in combination with other medications, which can be difficult and expensive to produce. As a result, pharmaceutical companies have invested heavily in new equipment and technologies that can help them produce these drugs more efficiently.
• The need for more complex and specialized drugs. As drug development becomes more focused on precision medicine and personalized therapies, pharmaceutical companies require equipment to produce drugs with greater specificity and accuracy.

Increasing Investments in Research and Development in the United Kingdom

• The development of new and innovative equipment has led to increased efficiency and productivity in the manufacturing process. This has helped reduce costs and produce high-quality medicines, which is of utmost importance in the pharmaceutical industry.
• The government has been actively supporting the development of new drugs and treatments, which has led to an increased demand for manufacturing equipment.
• The rise of biopharmaceuticals and the demand for more personalized medicine has further fuelled the growth in the market.
• The UK's strong position in the global pharmaceutical market and its reputation for quality and innovation have also contributed to the growth in demand for pharmaceutical manufacturing equipment.
• The country has a highly skilled workforce and world-class manufacturing facilities, making it an attractive destination for pharmaceutical companies looking to expand their manufacturing capabilities.

Growing Interest in Automation and Digitalization in the Pharmaceutical Manufacturing Industry in China

• The rising middle class in China is also increasing demand for healthcare, which further fuels the demand for pharmaceutical manufacturing equipment.
• In recent years, the government has invested heavily in healthcare infrastructure, including building new hospitals and increasing funding for research and development.
• There has been a shift towards specialized manufacturing equipment, as companies seek to produce more complex and customized products in China.
• The growing interest in automation and digitalization in the pharmaceutical manufacturing industry in China which is driving demand for advanced equipment that can integrate with these technologies.

Well-Developed Pharmaceutical Industry in Japan

• The aging population in Japan has led to an increased demand for pharmaceuticals and medical devices. This has, in turn, led to increased investment in the pharmaceutical manufacturing sector, driving demand for equipment such as tablet presses, capsule filling machines, and packaging equipment.
• The growth has been driven by increasing demand for innovative drugs and medical devices, as well as the government's efforts to promote the industry. With this growth, there has been a corresponding increase in demand for manufacturing equipment to support the production of these drugs.
• As a result, there is a strong emphasis on ensuring that all pharmaceuticals and medical devices meet the highest standards of quality and safety. This has led to increased demand for advanced manufacturing equipment that can produce high-quality products in a safe and efficient manner.

Increasing Demand for Generic Drugs in South Korea

• The South Korean government has been actively promoting the development of the pharmaceutical industry, aiming to enhance the country's competitiveness in the global market.
• The government has been providing various incentives and support measures to local manufacturers, which has resulted in a boost in investment in the pharmaceutical manufacturing sector.
• As the government has been encouraging the use of generic drugs to reduce healthcare costs, many pharmaceutical companies are investing in the development of generic drugs, leading to an increase in demand for manufacturing equipment.

Competitive Landscape

The market is highly competitive, with several key players vying for market share. With the increasing demand for advanced manufacturing equipment and the growing pharmaceutical industry, competition in the market is expected to remain fierce in the coming years.

In 2023, GEA Group unveiled its latest Pharma 4.0 manufacturing platform to enhance efficiency and flexibility for pharmaceutical manufacturers. The platform comprises novel equipment, including digital replicas of manufacturing processes and quality control systems powered by artificial intelligence.

Key Market Players

• GEA Group
• I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
• Syntegon Technology GmbH
• ACG (India)
• Thermo Fisher Scientific Inc.
• Merck KGaA
• Sartorius Stedim Biotech
• Bosch Packaging Technology
• Buhler Group
• Rockwell Automation
• Siemens AG
• Danaher Corporation

Key Coverage in the Pharmaceutical Manufacturing Equipment Market Report

• Pharmaceutical Manufacturing Industry Survey
• Future of Pharma Manufacturing Analysis
• Demand for Pharma Product Review
• Pharmaceutical Manufacturing Profit Analysis
• Coverage Of Pharmaceutical Manufacturing Equipment Market in the United Kingdom
• Medical Packaging Market Research

Key Market Segments

By Type:

• Processing Equipment
• Packaging Equipment

By Application:

• Pharmaceutical Company
• Others

By Region:

• North America
• Latin America
• East Asia
• South Asia
• Europe
• Oceania
• MEA

Frequently Asked Questions

What is China’s Pharmaceutical Manufacturing Equipment Market Outlook?

The market in China is expected to progress at a CAGR of 6.9% through the forecast period.

How large is the Global Pharmaceutical Manufacturing Equipment Market in 2024?

The global market is currently valued at around USD 14.7 billion in 2024.

Which Product Segment Contributes More to the Pharmaceutical Manufacturing Equipment Market?

Within the product segment, the processing equipment segment is expected to register a 6.1% CAGR from 2024 to 2034.

What is the United States Pharmaceutical Manufacturing Equipment Market Outlook?

The United States accounts for around 6.5% of the global CAGR from 2024 to 2034.

What is the Global Pharmaceutical Manufacturing Equipment Market Projected Value for 2034?

The global market is set to reach a valuation of around USD 27.3 billion by the end of 2034.

What Was the Historical CAGR for the Global Market?

Demand for pharmaceutical manufacturing equipment increased at an 8.0% CAGR from 2019 to 2023.