Market Trends of Powder Filling Equipment Industry
This section covers the major market trends shaping the Powder Filling Equipment Market according to our research experts:
Pharmaceutical Sector is Expected to Hold the Largest Share
- The players in the pharmaceutical sector that are handling powdered substances are governed by regulatory bodies such as FDA, CDC and many more. The increasing initiatives by such bodies that set out regulations and rules regarding the safe, secure and restricted human intervention is expected to boost the adoption of the powder filling equipment over the forecast period.
- The packaging of powdered substances require High Filling accuracy, Microprocessor controls, zero rippings, accurate slippage control, Fills Free Flowing, 100% in process control, and thereby eliminating costly hand weighing, etc. This is propelling the players in the industry to deploy powder filling equipment that enables them to achieve such objectives.
- Some of the prominent players in the industry through research and development are innovating their offerings and are engaged in product development that enables them to not only further the technology but also boost market growth.
- In December 2019, Uflex launched its SP-L automatic stick pack machine, a High-speed liquid and powder packaging machine for pharma at CPhI and P-Mec 2019.
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North America is Expected to Hold the Largest Share
- With advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries, the United States accounts for one of the world’s largest markets for healthcare and pharmaceutical services.
- The increasing expenditure on medicines has resulted in the increased consumption that is driving the demand for such drugs in the region. This is expected to propel the players in the region to deploy automated solutions such as powder filling equipment that enables them to meet those demands.
- According to the IQVIA, a Human Data Science Company, the United States expenditure on medicine is expected to reach USD 655 billion in 2023. Such facts indicate the potential opportunities in the emerging markets for the vendors.
- All-Fill Inc. announced its plans to open a new facility in Phoenix, Arizona in January 2020 to better serve its west coast clients and expand operations. In a move that would allow the company to carry stock machines and offer quick delivery. In turn, enabling to expand its market footprint and fueling the market growth.
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