The pharmaceutical manufacturing market is growing rapidly, owing to increasing prevalence of chronic diseases and increasing demand for drugs. To fulfill the market demands, many companies and investors are investing and developing more manufacturing units, which is expected to fuel the pharmaceutical blenders market growth.
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Increasing research and development initiatives for the development of novel drugs for diseases such as cancer, diabetes or cardiovascular disorders is expected to drive growth of the pharmaceutical blenders market. For instance, as in 2015, according to facts and figures published by the International Federation of Pharmaceutical Manufacturers & Associations, over 6000 drug entities were in preclinical trial.
Technologically advanced pharmaceutical blenders are expected to enhance the performance of pharmaceutical blenders. To enhance the performance and ensure homogeneous mixture of drug blenders are incorporated with analytical tools which monitors which checks the uniformity necessary for drug manufacturing.
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For easy work flow, manufacturers introduced bin blenders in which container is detached for the drive and can be transported to next process of operation without discharging its contents into a secondary vessel, which reduces the chance of contamination of the pharma product. Such technological advancement to ease the workflow is expected to supply better options, and adding new product range to the market.
According to the International Trade Administration 2016, the U.S. is a major hub for drug manufacturing, as imports account only for around a quarter of the market by value. The manufacturing market in the U.S. is witnessing significant growth, which is expected to fuel growth of the pharmaceutical blenders market over the forecast period.
For instance, under the ‘Pharma Vision 2020’, the Government of India reduced the approval time for new facilities to propel investments for drug manufacturers in this region. Such initiatives are expected to attract foreign investors for the development of new manufacturing units, in turn increasing the demand for pharmaceutical blenders and further driving growth of the market.
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Some of the key players operating in the global pharmaceutical blenders market include GEA Process Engineering Ltd, SERVOLIFT GmbH, Charles Ross and Son Company, KADY International, Frain Industries, Charles Ross & Son Company, ARDE Barinco, Inc., Admix, Inc., Reynolds Industries, Inc., and WAM Inc.
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