The Immense Potential of Pharma Machinery Market

Manufacturing sector in India is on a path of rapid growth with increased FDI and incentive from government for domestic manufacturers. Pharmaceutical machinery is one of the areas that are contributing to the growth of the sector to a large extent. As per a research, the Indian Pharma Machinery Industry is growing at a rate of 15-20 percent annually and is successfully supplying machines to the pharmaceutical industry in India and worldwide.

Equipment developers are now working in a more integrated manner with pharma companies to better understand their manufacturing processes and find opportunities for optimization. In recent years, concepts like digitization, the Internet of Things, and Industry 4.0 have influenced the equipment being developed. As new trends emerge, India’s equipment manufacturers are striving to meet the industry’s expectations to maintain their competitive edge. According to a study, over the next five years the Pharmaceutical Equipment market will register a 5.4 percent CAGR in terms of revenue and the global market size will reach USD 47000 million by 2024. Modern manufacturing equipment can handle more complex tasks autonomously than ever before.

Well-designed modern pharmaceutical machinery and components have greatly improved pharmaceutical manufacturing by reducing mistakes, lowering maintenance requirements, limiting waste, and streamlining production efficiency. Today, Indian machinery manufacturers are perfectly evolving with changing times and Indian machines are far better in quality and on par with international standards, than it used to be 15 years ago. Owing to the industry trends such as off-shoring and outsourcing, there are an increasing number of pharmaceutical manufacturers in Asia, and machinery manufacturers are looking to leverage this market.

We studied this industry segment in-depth and have come up with the list of Top 10 Pharmaceutical Machinery Manufacturers who we believe have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.

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