LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Pharma Plant Machinery and Equipment Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the pharma and healthcare industry. This report breaks down the data and analysis behind the procurement of pharma plant machinery and equipment and acts as an all-inclusive guide for making smart purchasing decisions.
“The rise in demand for bioprocess manufacturing and single-use equipment along with the increase in equipment budgets by the pharmaceutical manufacturers is expected to fuel the growth of the pharma plant machinery and equipment market,” says SpendEdge procurement analyst A Kowshik. “Also, suppliers have started providing biotech manufacturing equipment, such as bioreactors, that assist to scale-up processes for biotech-derived drugs,” added Kowshik.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Pharma Plant Machinery and Equipment Market:
- The rise in adoption of serialization-ready packaging equipment to track and trace procedures.
- Use of modular equipment design and single-use equipment.
- Increased use of ready-to-use packaging.
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The rise in adoption of serialization-ready packaging equipment to track and trace procedures:
The suppliers in this market space have increased their adoption of serialization technologies and equipment; this is because the integration of technology offers a better visibility of products across the supply chain. Serialization also enables monitoring of the drugs in its production pipeline thereby simplifying the complex pharmaceutical supply chain. Moreover, it also helps manufacturers to protect brand identity owing to the rising volume of counterfeit drugs.
Use of modular equipment design and single-use equipment:
The modular design of pharmaceutical equipment assists in cleaning and easy part replacement. It divides the system into different parts, each of which can be controlled and managed separately. The demand for single-use equipment is high among the buyers as it eliminates the requirement for cleaning and assists in providing a contamination-free environment. Also, modular design enables quick replacement of parts without the need for specialized tools, while providing for component add-on capability.
Increased use of ready-to-use packaging:
The decrease in batch-size and the increased need for flexibility among the buyers have led to the rise in the use of ready-to-use packaging. Also, ready-to-use packaging reduces the throughput time required to market the drug thereby improving the efficiency of the filling process for the equipment buyers. This has led to the rise in suppliers that provide low and medium speed ready-to-use filling machines.
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