The pharmaceutical industry is experiencing rapid global growth, fueled by technological advancements, rising income levels, and a willingness to invest in modern healthcare. To meet the escalating demand for pharmaceutical products, companies in the pharma sector are actively seeking the best-in-class machinery. The global pharma plant machinery and equipment market encompasses a wide array of industrial machinery utilized in the production, processing, and packaging of pharmaceutical products. This includes machinery for drug formulation and manufacturing as well as packaging equipment.
According to a procurement market intelligence report from SpendEdge, the global pharma machinery market is projected to grow at a healthy rate of 7.73% during the forecast period. The formulation and manufacturing equipment segment, in particular, is anticipated to reach approximately US$15.48 billion by 2021.
Top Leading Pharmaceutical Equipment Manufacturers
GEA
GEA is a global provider of process equipment and solutions serving various industries, including pharmaceuticals. The company, with a significant presence in the food and beverage segment, offers a range of pharma plant equipment and machinery, along with installation, commissioning, maintenance, and support services.
Merck KGaA
Merck KGaA is a British company catering to the life sciences, chemical, and pharmaceutical industries and is one of the oldest chemical firms. It is one of the leading companies in genome editing and gene therapy. Pharma plant equipment and machinery, consumer healthcare, life sciences services and research, food and beverages research, government and academic research are some of the key services offered by the firm. In November 2017, the company launched a new filter bottle system for sterile filtration of cell culture media.
ACG Worldwide
ACG Worldwide is the only supplier in the world offering integrated manufacturing solutions for the pharmaceutical industry. It is also a provider of end-to-end pharmaceutical equipment with more than 13 subsidiaries across the globe. The company offers products including capsules, films and roles, engineering, inspection, and R&D services. Additionally, the pharma machinery manufacturer also provides process, packaging, inspection, and track and trace solutions during the drug manufacturing process.
Silverson
Silverson are world leaders in manufacturing and design of high shear mixers. The pharma machinery manufacturer also specializes in process mixing equipment that caters to pharmaceutical, chemical, food and beverage, and cosmetic industries. Pharma plant equipment and machinery, cream and ointments, ophthalmic solutions, syrups, tablet coating, vaccines, and testing are some of the key products and services they offer.
ROMACO Group
Romaco Group is a global supplier of formulation and packaging equipment for a range of powdered and liquid drug forms. Their portfolio of pharma machinery includes blister and strip packaging machines, granulating and coating machines, tablet presses, tube filling machines for effervescent tablets, liquid filling cartoners, end of line equipment, and powder dosing machines as well as counting devices. The company has various brands such as INNOJET, MACOFAR, NOACK, KILIAN, and SIEBLER that offer various solutions for different drug processing and packaging requirements.
The pharmaceutical industry faces various challenges and opportunities. The COVID-19 pandemic, government policies, market share dynamics, and global pharmaceutical intermediate and API (Active Pharmaceutical Ingredient) markets play significant roles. Notably, companies like Punagri Organics and Life Sciences Pvt Ltd. contribute to the industry’s growth. Challenges include navigating pharmaceutical industry regulations, drug manufacturing trends, and the competitive landscape.
Global Reach and Regulatory Compliance:
The export of pharma machinery, annual import trends, and adherence to FDA-approved operations are crucial considerations. Pharma machinery manufacturers, especially those in regions like Australia, the USA, Africa, and Gujarat, must meet rigorous quality standards. Joint ventures and partnerships play a vital role in meeting worldwide healthcare demands.
Market Trends and Analysis:
Analyzing the pharmaceutical market’s growth in North America, Western Europe, Asia, and Eastern Europe unveils future challenges and opportunities. Pharmaceutical manufacturers need to position themselves strategically in a competitive market. The top results in pharma products and equipment are influenced by industry trends, market analysis, growth opportunities, and adherence to machinery standards and technology.
Conclusion
The pharmaceutical industry’s machinery manufacturers are pivotal in addressing global challenges and driving innovation. The constant evolution of the pharma market requires a strategic approach, adherence to quality standards, and leveraging technological advancements in machinery. As the industry positions itself for sustainable growth, collaborations, regulatory compliance, and a focus on emerging trends will be key determinants of success.
To know more about top pharma machinery manufacturers along with sourcing strategies, category management, procurement best practices, and pricing models in SpendEdge’s upcoming report on the global pharma plant machinery and equipment market.
