ASIA-PACIFIC PHARMACEUTICAL CONTINUOUS MANUFACTURING MARKET 2021-2028

ASIA-PACIFIC PHARMACEUTICAL CONTINUOUS MANUFACTURING MARKET 2021-2028

MARKET OUTLOOK

Triton’s research report on the Asia-Pacific pharmaceutical continuous manufacturing market estimates the market to extend at a CAGR of 11.11% through the years 2021-2028. India, ASEAN countries, Japan, Australia & New Zealand, China, South Korea, and Rest of APAC form the market in this region.

In South Korea, several pharmaceutical companies have been thriving to enhance their R&D productivity and effectiveness. Moreover, the pharma sector’s growth is primarily motivated by the professional R&D human resources, along with the strategic nationwide collaboration network among industry, public research institutions, and academic organizations. This has resulted in the emergence of South Korea as an emerging contributor to healthcare innovations. Thus, such developments are likely to influence the demand for continuous manufacturing, in turn, boosting the pharmaceutical continuous manufacturing market across South Korea.

Furthermore, GEA experts in 2020 discussed the advantages of continuous pharmaceutical manufacturing, along with the advantages of recognizing its market in South Korea. This is another factor that is motivating the pharmaceutical continuous manufacturing market’s development in South Korea.

In Australia & New Zealand, rising pharmaceutical product spending is likely to significantly augment the pharmaceutical continuous manufacturing market. Additionally. the current continuous manufacturing approvals are focused on solid dose tablet manufacturing. Although, there is a surging momentum for active pharmaceutical ingredients and biologics, which is predicted to contribute to the development of the pharmaceutical continuous manufacturing market across Australia & New Zealand in the upcoming years.

COMPETITIVE OUTLOOK

Some of the well-known companies present in the market consist of Syntegon, Siemens Healthineers, Thermofisher Scientific Inc, Hosokawa Micron Corporation, Glatt GmbH, and Coperion GmbH.