Pharmaceutical Continuous Manufacturing Market Growth Outlook In South Korea Healthcare Industry

 

Continuous manufacturing is an advanced manufacturing approach with the potential to improve quality and consistency of medications with lower cost. This production line is operated in a continuous flow, with end-to-end integration of manufacturing processes. The pharmaceutical continuous manufacturing market is expected to witness significant growth during the forecast period, due to technological advancements in continuous manufacturing systems and support by the regulatory authorities for adoption of continuous manufacturing systems.

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However, higher cost of pharmaceutical continuous manufacturing systems impedes the pharmaceutical continuous manufacturing market growth. On the contrary, pharmaceutical manufacturing systems reduce fluctuation in the production, improve yields, lower cost of operation & equipment, which are anticipated to offer remunerative opportunities for market expansion. Recently, in 2019, Caperion launched a next-generation of high accuracy vibratory feeding technology with higher accuracy and quicker product changeover. 

The global pharmaceutical continuous manufacturing market is segmented into product, application, end user, and region. Depending on product, the market is classified into integrated continuous systems, semicontinuous systems, and control & software. The applications covered in the study covered include final drug product manufacturing and API manufacturing. On the basis of end user, the market is categorized into pharmaceutical companies, contract manufacturing organizations, and others. Region wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Asia-Pacific presents lucrative opportunities for the key players operating in the pharmaceutical continuous manufacturing market, due to increase in awareness about advanced pharmaceutical continuous manufacturing systems, rise number of pharmaceutical companies, and increase in demand for continuous manufacturing systems. However, higher cost of pharmaceutical continuous manufacturing systems may hamper the market growth in Asia-Pacific.