Pharmaceutical Blenders Market - Regional Analysis
On the basis of the region, the
global Pharmaceutical
Blenders Market is segmented into North America, Latin America, Europe,
Asia Pacific, Middle East, and Africa. North America pharmaceutical blender
market 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 vital
role in the manufacturing of pharmaceutical products where accuracy and
consistency in the formulation are the key specifications. Blending ensures
homogeneous mixture of Active Pharmaceutical Ingredient and excipients that are
required in the manufacturing of drugs. Apart from mixing, objectives such as
preparing fine emulsions, reducing particle size, carrying out chemical
reactions, manipulating rheology, dissolving components, and facilitating heat
transfer can be achieved using blenders.
Various types of products demand
for different types of blending equipment. Different types of blenders based on
geometries are available from blender manufacturers based on different
mechanism such as double cone blenders, v-blenders, octagonal blenders, ribbon
blenders, paddle blenders, vertical screw blenders, plow mixer, and double
paddle mixer. Depending on dry mixing or high shear mixing and emulsification
or high shear mixing and powder dispersion into liquid users can chose among
various products. Blenders are also available in different capacities based on
the need.
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Pharmaceutical Blenders Market
Dynamics
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.
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.
Moreover, with the rapid growth
of pharmaceutical manufacturing and generic medicine manufacturing industries,
more companies are investing into this market, which is expected to increase
the demand for pharmaceutical blenders and fuel growth of the market over the
forecast period. Increasing patent expiration is in turn increasing the growth
of generic drug manufacturers which is expected to fuel growth of the
pharmaceutical blenders market over the forecast period.
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.
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.
However, Asia Pacific
pharmaceutical blenders market is expected to witness high CAGR over the
forecast period, owing to emerging generic drug manufacturers in economies such
as India and China. Moreover, favorable government schemes propel growth of
pharmaceutical companies in the region, thereby driving growth of the market.
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.
Pharmaceutical Blenders Market –
Competitive Landscape
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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