Pharmaceutical Manufacturing Equipment Market 2023 Global Industry Trends, Growth and Opportunity Assessment 2028


Posted October 16, 2023 by ctom7000

Pharmaceutical manufacturing equipment market is projected to reach USD 19.7 billion by 2028, at a CAGR of 6.3% during the forecast period.
 
The pharmaceutical manufacturing equipment market is estimated to be worth USD 14.5 billion in 2023 and is projected to reach USD 19.7 billion by 2028, at a CAGR of 6.3% during the forecast period. The constantly growing demand for generics, the rising number of regulatory frameworks and guidelines for ensuring quality, and the growing necessity for adopting flexible pharmaceutical manufacturing are key factors contributing to the market growth.

The major players in the pharmaceutical manufacturing equipment market with a significant global presence are GEA Group Aktiengesellschaft (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P. A (Italy), Syntegon Technology GmbH (Germany), ACG (India), and Thermo Fisher Scientific Inc.(US).

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GEA Group Aktiengesellschaft (GEA Group) (Germany) is a leading German technology company specializing in machinery, equipment, process technology, and components. It provides equipment and solutions for various industries such as pharmaceutical, healthcare, food & beverage, chemical, dairy, environment, heating & refrigeration, marine, home & personal care, oil & gas, energy, etc. GEA Group Aktiengesellschaft is one of the largest suppliers of systems and components to food, beverage, pharmaceutical, and a wide range of processing industries. The company operates through five divisions: Separation & Flow Technologies, Liquid & Powder Technologies, Food & Healthcare Technologies, Farm Technologies, and Heating & Refrigeration Technologies.

I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A (Italy) also known as IMA Group. It is an Italy-based company engaged in designing and manufacturing automatic machines for processing and packaging pharmaceuticals, cosmetics, food, tea, coffee, and other consumer goods. I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A operates in several business segments, including Pharma, Tea, Coffee and Beverage, Food & Dairy, Personal & Home Care, Tobacco, Automation, Tissue & Nonwoven, and Service. The company offers equipment for tableting, granulation, capsule tableting, capsule binding, coating, freeze drying, labeling, aseptic process, filling, washing, managing, and more through its Pharma division.

Syntegon Technology GmbH (Syntegon) (Germany) is one of the global leaders in manufacturing processors and packaging equipment for the pharmaceutical and food industries. In January 2020, Bosch (Germany) announced the sale of its Bosch packaging technology to CVC Capital Partners, which is managing Syntegon as a newly incorporated entity. Syntegon Technology GmbH operates in five segments Pharma, Food, MedTech, Nutraceuticals, and Services. Under the Pharmaceutical packaging and processing sub-division of the Pharma segment, Syntegon provides a broad portfolio of manufacturing equipment for formulation, processing, sterilization, fill-finish, mixing, and freeze-drying.

ACG (India) is a global pharmaceutical solution provider offering manufacturing and packaging solutions for the pharmaceutical and nutraceutical industries. It provides a range of products and services, including capsule manufacturing, packaging solutions, films and foils, inspection systems, and engineering solutions. ACG operates in four business divisions: Capsules, Engineering, Films & Foils, and Inspection. Under the Engineering division, the company provides engineering solutions and services to pharmaceutical and nutraceutical manufacturing companies, including process automation, integrated manufacturing, and packaging solutions.

Thermo Fisher Scientific Inc. (US) is a multinational corporation that provides a range of scientific research and testing services, as well as laboratory equipment and consumables, to various industries. The company was formed in 1956 through the merger of Thermo Electron and Fisher Scientific, headquartered in Waltham, Massachusetts. In 2018, Thermo Fisher Scientific announced signing an agreement with Becton, Dickinson and Company (BDX) (US) to acquire the Advanced Bioprocessing business of Thermo Fisher.
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Tags pharmaceutical manufacturing equipment market
Last Updated October 16, 2023