The pharmaceutical equipment market is expected to witness significant growth, with a forecasted increase of USD 6.38 billion at a CAGR of 6.9% between 2024 and 2029. The market expansion is primarily driven by the rising prevalence of diseases, which has led to a growing demand for pharmaceuticals. Additionally, standardization across pharmaceutical equipment is a key trend propelling market growth. However, high costs associated with pharmaceutical equipment pose a significant challenge. Despite this, technological advancements, including automation, robotics, artificial intelligence (AI), and machine learning (ML), are anticipated to present substantial growth opportunities in the industry.
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The solid pharmaceutical equipment segment is projected to witness substantial growth during the forecast period. This segment includes equipment used in manufacturing Oral Solid Dosage (OSD) forms, such as:
The demand for OSD forms is growing due to their advantages, including ease of administration, stability, accurate dosing, and controlled release. Companies such as Syngenton, GEA Group, Romaco, and Körber are actively contributing to this segment. The integration of automation, robotics, AI, and ML is enhancing efficiency and precision in OSD manufacturing.
Rising Disease Prevalence & Increasing Demand for Pharmaceuticals
Technological Advancements
Regulatory Compliance & Quality Assurance
Standardization Across Pharmaceutical Equipment
Growth of Super Generics
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The following companies play a pivotal role in the pharmaceutical equipment market:
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