The pharmaceutical continuous manufacturing market size is projected to reach US$ 4.67 billion by 2031 from US$ 2.08 billion in 2023. The market is expected to register a CAGR of 10.6% during 2023–2031. Growing support from regulatory bodies, rising adoption by contract and in-house manufacturers for drug manufacturing procedures, and advantages associated with continuous manufacturing are likely to remain key trends in the market.
Pharmaceutical companies are constantly investing into innovative manufacturing technologies for gaining competitive advantage and staying ahead in the market, thereby driving the continuous manufacturing market. Continuous manufacturing permits the pharmaceutical companies to have greater control over their production process, which helps in quality improvement and consistency of the end product, thereby reducing deviations, wastage, and saving rework time and recall costs. Pharmaceutical continuous manufacturing can improve the quality of the final product, enhance process control, and permit real-time release testing. The European Medicines Agency (EMA) and the US Food and Drug Administration (FDA) are the regulatory bodies that are increasingly favouring the use of continuous manufacturing in the pharmaceutical industry. Furthermore, continuous manufacturing has become more appealing and practical in the pharmaceutical industry because of the improved process monitoring, control, and optimization provided through the means of automation, system control, data analytics, and process analysis technology (PAT), which drives the market.
As a viable solution for minimizing pressure and reducing drug development time and costs, while also maintaining end-product quality and supply in the pharmaceutical industry continuous manufacturing is highly being used. Therefore, owing to such benefits the continuous manufacturing market is witnessing healthy growth. Additionally, growing initiatives for promoting the use of continuous pharmaceutical manufacturing systems by the Food and Drug Administration (FDA) and the numerous advantages of continuous manufacturing systems over batch manufacturing are some of the main factors that are driving the growth of the market. However, on the other hand the high cost implementation of pharmaceutical continuous manufacturing systems is likely to hinder the market growth.
Pharmaceutical continuous manufacturing are being embraced and gaining importance due to the rising demand for biologics and flexible manufacturing alternatives. The companies that are transitioning to continuous manufacturing procedures are getting approvals from the FDA quickly. The the continuous manufacturing process offers many advantages that include time-efficiency, reduced energy needs and wastage, and increased productivity. In addition, the process reduces the risk of human error owing to the involvement of few of people in the manufacturing process. Therefore, owing to aforementioned advantages offered by continuous manufacturing the market is expected to grow over the coming years.
Attractive outsourcing locations for biopharmaceutical industries are emerging in the regions such as Asia Pacific and South & Central. China and India provide low manufacturing and operating costs that are significant factors for driving the market growth in the Asia Pacific region. Both China and India indicate positive future outlook for the market owing to the recent growth in the biopharmaceutical industry in both countries. In January 2020, STA Pharmaceutical Co., Ltd., – a subsidiary of WuXi AppTec opened a new large-scale oligonucleotide active pharmaceutical ingredient (API) manufacturing facility in China. Thus, the emerging markets suitable for biopharmaceutical industry are likely to act as high potential growth and revenue generators in the pharmaceutical continuous manufacturing market.
Key segments that contributed to the derivation of the pharmaceutical continuous manufacturing market analysis are product, application, and end user.
The geographic scope of the Pharmaceutical Continuous Manufacturing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the pharmaceutical continuous manufacturing market. The factors leading to the growth of the pharmaceutical continuous manufacturing market in North America are owing to the growing support from FDA for promoting the use of continuous manufacturing over batch manufacturing, increasing shortage of drugs in the region and presence of pharmaceutical giants that can afford the large initial investments to set up continuous manufacturing processes. Majority of the industries in the US embraced continuous manufacturing processes since decades. The US holds a dominating position within North America due to factors such as increasing number of pharmaceutical players adopting continuous manufacturing procedures, advancements in the field of manufacturing technologies and efficiency offered by these set-ups to scale up the production volumes. In addition, various initiatives were undertaken by the US FDA for promoting continuous manufacturing in the US within the pharmaceutical industries.
The regional trends and factors influencing the Pharmaceutical Continuous Manufacturing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pharmaceutical Continuous Manufacturing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.08 Billion |
| Market Size by 2031 | US$ 4.67 Billion |
| Global CAGR (2023 - 2031) | 10.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Pharmaceutical Continuous Manufacturing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pharmaceutical Continuous Manufacturing Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Pharmaceutical Continuous Manufacturing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Pharmaceutical Continuous Manufacturing market are listed below:
The “Pharmaceutical Continuous Manufacturing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The North America region dominated the pharmaceutical continuous manufacturing market in 2023.
Increasing shortage of medicines, and advantages offered by continuous manufacturing process are the driving factors impacting the pharmaceutical continuous manufacturing market.
Growing support from regulatory bodies, rising adoption by contract and in-house manufacturers for drug manufacturing procedures, and advantages associated with continuous manufacturing are likely to act as future trends for the pharmaceutical continuous manufacturing market.
GEA Group and Thermo Fisher Scientific Inc. are the leading players operating in the pharmaceutical continuous manufacturing market.
US$ 4.67 billion would be the estimated value of the pharmaceutical continuous manufacturing market by 2031.
10.6% is the CAGR of the pharmaceutical continuous manufacturing market.