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The pharmaceutical processing and packaging equipment market is projected to reach $30.8 billion by 2031, with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The pharmaceutical industry is experiencing unprecedented growth, driven by a significant global rise in disease burden, aging populations, and increased investments in research and development. With global health challenges reaching critical levels, the demand for pharmaceuticals and the corresponding need for advanced processing and packaging equipment is forecast to rise sharply in the coming years.
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According to the Cancer Tomorrow project, the number of cancer cases worldwide stood at 19.3 million in 2020. This figure is projected to surge to 30.2 million by 2040, highlighting an urgent need for innovative treatments and pharmaceuticals. Furthermore, diabetes is also on a steep incline. The International Diabetes Federation reports that approximately 463 million adults were living with diabetes in 2019, a number expected to increase to nearly 700 million by 2045. This escalating prevalence of chronic diseases is anticipated to drive significant growth in the pharmaceutical sector, as the demand for medications continues to expand.
In addition to disease prevalence, the aging global population is further fueling the demand for pharmaceutical solutions. The World Health Organization (WHO) estimates that by 2020, individuals aged 60 and above accounted for 1 billion people worldwide, with this figure expected to more than double to 2.1 billion by 2050. As the geriatric population is at higher risk of chronic illnesses, this demographic shift is poised to further elevate the demand for pharmaceuticals.
Impact of Pandemic Preparedness on Pharmaceutical Growth
Recent global health crises, such as the COVID-19 pandemic, have profoundly impacted the pharmaceutical landscape. Pandemics like COVID-19, MERS, Ebola, and H1N1 have underscored the need for pandemic preparedness and flexible manufacturing capabilities. Governments and organizations around the world have implemented initiatives to make medicines more affordable, including price reductions for essential drugs, increasing the accessibility of treatments during public health emergencies. These measures are expected to further drive the demand for pharmaceuticals and, in turn, the need for pharmaceutical processing and packaging equipment.
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| Particulars | Details |
| Number of Pages | 629 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 5.3% |
| Market Size (Value) | USD 30.8 billion by 2031 |
| Countries Covered | North America (U.S., Canada), Europe (Germany, France, Italy, Belgium, Switzerland, U.K., Spain, Ireland, Denmark, Rest of Europe) Asia–Pacific (India, China, Japan, Australia, South Korea, Rest of Asia–Pacific), Latin America (Brazil, Mexico, Rest of Latin America), Middle East & Africa |
| Key Companies | ACIC Pharmaceuticals, Inc. (Canada), Bausch+Ströbel (Germany), IDEX Corporation (U.S.), JECKSON VISION (India), Kevin Process Technologies Pvt. Ltd. (India), KIKUSUI SEISAKUSHO LTD. (Japan), Körber AG (Germany), KORSCH AG (Germany), Mettler-Toldeo International, Inc. (U.S.), MAQUINARIA INDUSTRIAL DARA, SL (Spain), Marchesini Group S.p.A. (Italy), Optel Group (Canada), OPTIMA packaging group GmbH (Germany), Syntegon Technology GmbH (Germany), Wenzhou Trustar Machinery Technology Co., Ltd (China), SaintyCo (China), ACG (India), ANTARES VISION S.p.A. (Italy), BREVETTI CEA S.P.A. (Italy), Cadmach Machinery Co. Pvt. Ltd (India), CAM Packaging IT (Italy), Coesia S.p.A. (Italy), Fette Compacting (Germany), Freund Corporation (Japan), GEA Group (Germany), Glatt GmbH (Germany), LINXIS GROUP (France), Harro Höfliger Verpackungsmaschinen GmbH (Germany), I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Italy), Uhlmann Group Holding Gmbh & Co. KG (Germany), Truking Technology Limited (China), and Tecnomaco Italia SRL (Italy) |
Patent Expirations Paving the Way for Generics
The pharmaceutical sector is also benefiting from the expiration of key drug patents, opening the door for the production of generic drugs. Each year, multiple patents expire, offering opportunities for the generics market to expand. Notable examples of drugs expected to lose U.S. patent protection in 2021 include Lucentis by F. Hoffmann-La Roche AG (Switzerland), Bystolic by AbbVie (U.S.), Vascepa by Amarin Corporation (Ireland), Northera by H. Lundbeck A/S (Denmark), and Narcan by Emergent BioSolutions Inc (U.S.). As these patents expire, the introduction of generic versions is expected to boost the demand for pharmaceutical processing and packaging solutions.
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Rising R&D Investments Catalyze Market Growth
The growing investments in research and development (R&D) across the pharmaceutical industry are also playing a pivotal role in market expansion. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), pharmaceutical R&D investments have surged, particularly in the U.S. and Europe. By 2020, approximately 6,900 drugs were in development, targeting critical areas such as immunology, neurology, cancer, and infectious diseases. As R&D activities continue to grow, the demand for state-of-the-art pharmaceutical equipment to support the commercialization of new drugs is expected to rise.
Outlook for Pharmaceutical Processing and Packaging Equipment Market
The combination of a high prevalence of diseases, an aging population, increased R&D investments, and the expiration of drug patents are all contributing to the robust growth of the pharmaceutical industry. These factors are expected to significantly drive the demand for pharmaceutical processing and packaging equipment, creating substantial opportunities for manufacturers and suppliers in this space. As the industry continues to evolve, the pharmaceutical equipment market is poised for accelerated growth, meeting the needs of both patients and healthcare providers worldwide.
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