Pharmaceutical Blenders Market -Regional Analysis
On the basis of the region, theglobal PharmaceuticalBlenders Market is segmented into North America, Latin America, Europe,Asia Pacific, Middle East, and Africa. North America pharmaceutical blendermarket owes dominant position in the global market over the forecast period,owing to rapid growth in pharmaceutical industries in the region.
Blending of components play vitalrole in the manufacturing of pharmaceutical products where accuracy andconsistency in the formulation are the key specifications. Blending ensureshomogeneous mixture of Active Pharmaceutical Ingredient and excipients that arerequired in the manufacturing of drugs. Apart from mixing, objectives such aspreparing fine emulsions, reducing particle size, carrying out chemicalreactions, manipulating rheology, dissolving components, and facilitating heattransfer can be achieved using blenders.
Various types of products demandfor different types of blending equipment. Different types of blenders based ongeometries are available from blender manufacturers based on differentmechanism such as double cone blenders, v-blenders, octagonal blenders, ribbonblenders, paddle blenders, vertical screw blenders, plow mixer, and doublepaddle mixer. Depending on dry mixing or high shear mixing and emulsificationor high shear mixing and powder dispersion into liquid users can chose amongvarious products. Blenders are also available in different capacities based onthe need.
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Pharmaceutical Blenders MarketDynamics
Technologically advancedpharmaceutical blenders are expected to enhance the performance ofpharmaceutical blenders. To enhance the performance and ensure homogeneousmixture of drug blenders are incorporated with analytical tools which monitorswhich checks the uniformity necessary for drug manufacturing.
For easy work flow, manufacturersintroduced bin blenders in which container is detached for the drive and can betransported to next process of operation without discharging its contents intoa secondary vessel, which reduces the chance of contamination of the pharmaproduct. Such technological advancement to ease the workflow is expected tosupply better options, and adding new product range to the market.
Moreover, with the rapid growthof pharmaceutical manufacturing and generic medicine manufacturing industries,more companies are investing into this market, which is expected to increasethe demand for pharmaceutical blenders and fuel growth of the market over theforecast period. Increasing patent expiration is in turn increasing the growthof generic drug manufacturers which is expected to fuel growth of thepharmaceutical blenders market over the forecast period.
The pharmaceutical manufacturingmarket is growing rapidly, owing to increasing prevalence of chronic diseasesand increasing demand for drugs. To fulfill the market demands, many companiesand investors are investing and developing more manufacturing units, which isexpected to fuel the pharmaceutical blenders market growth.
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Increasing research anddevelopment initiatives for the development of novel drugs for diseases such ascancer, diabetes or cardiovascular disorders is expected to drive growth of thepharmaceutical blenders market. For instance, as in 2015, according to factsand figures published by the International Federation of PharmaceuticalManufacturers & Associations, over 6000 drug entities were in preclinicaltrial.
According to the InternationalTrade Administration 2016, the U.S. is a major hub for drug manufacturing, asimports account only for around a quarter of the market by value. Themanufacturing market in the U.S. is witnessing significant growth, which is expectedto fuel growth of the pharmaceutical blenders market over the forecast period.
However, Asia Pacificpharmaceutical blenders market is expected to witness high CAGR over theforecast period, owing to emerging generic drug manufacturers in economies suchas India and China. Moreover, favorable government schemes propel growth ofpharmaceutical companies in the region, thereby driving growth of the market.
For instance, under the ‘PharmaVision 2020’, the Government of India reduced the approval time for newfacilities to propel investments for drug manufacturers in this region. Suchinitiatives are expected to attract foreign investors for the development ofnew manufacturing units, in turn increasing the demand for pharmaceuticalblenders and further driving growth of the market.
Pharmaceutical Blenders Market –Competitive Landscape
Some of the key players operatingin the global pharmaceutical blenders market include GEA Process EngineeringLtd, SERVOLIFT GmbH, Charles Ross and Son Company, KADY International, FrainIndustries, Charles Ross & Son Company, ARDE Barinco, Inc., Admix, Inc.,Reynolds Industries, Inc., and WAM Inc.
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