Global Continuous Manufacturing Market is expected to see a growth rate of 13.3% and may see the market size of USD840.1 Million by 2024.
Continuous Manufacturing Market Scope
The continuous manufacturing is a production line that produces a flow production to manufacture or process materials without any interruption. The FDA approach to a new quality paradigm that is considered the desired state of pharmaceutical manufacturing in the upcoming years, this, in turn, encouraging pharmaceutical companies to adopt continuous manufacturing. Moreover, the promising regulatory environment and support from regulatory authorities for the implementation of continuous manufacturing are trending the overall global continuous manufacturing market in the future.
The market study is being classified by Type (Integrated Systems, Semi-Continuous Systems, Continuous Granulators, Continuous Coaters, Continuous Blenders, Continuous Compressors, Controls/Software and Other Semi-continuous Systems (Milling Equipment and Weighing/Measurement Equipment)), By Application (End Product Manufacturing, Solid Dosage, Liquid Dosage, and API Manufacturing) and major geographies with country-level break-up.
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Market Trend
- Rising Acceptability of Technologically Advanced Continuous Manufacturing
Market Drivers
- Increasing Adoption from Pharmaceutical Manufacturing for Cost-Effective Approach
- High Efficiency of Manufacturing Operations Offered By Continuous Processes
Opportunities
- The Growth in the Number of Industry-Academia Collaborations in Developed Nations
- Surging Awareness About the Advantages of the Technology in APAC Region
Restraints
- Dearth of Technical and Regulatory Clarity in Developing Economies
Challenges
- Low Infrastructural Investments and Global Regulatory Uncertainty
- Concerns Related to Cleaning Validation in Continuous Manufacturing
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Some of the key companies/manufacturers profiled in the report
- Thermo Fisher Scientific Inc. (United States)
- GEA Group AG (Germany)
- Hosokawa Micron Corporation (Japan)
- Coperion GmbH (Germany)
- Glatt GmbH (Germany)
- Korsch AG (Germany)
- Munson Machinery Company Inc. (United States)
- L.B. Bohle Maschinen + Verfahren GmbH (Germany)
- Bosch Packaging Technology (Germany)
- Gebrüder Lödige Maschinenbau GmbH (Germany)
- Baker Perkins Ltd. (United Kingdom)
- Scott Equipment Company (United States)
- Sturtevant Inc. (United States)