Aseptic Formulation Processing Market: Overview
The global market for aseptic formulation processing is expected to experience exponential growth due to technological advancements and increasing product penetration in the market. Among technology segment, automated technology type is expected to grow with the highest CAGR in the aseptic formulation processing market over the forecast period owing to the added benefits like time reduction in packaging, less manual error.
Pharmaceutical companies in the end users segment are expected to generate maximum revenue due to increasing adoption of the aseptic formulation processing in pharmaceutical companies during the forecast years. Due to improved GMP (Good manufacturing practices) and stringent regulations the adoption rate of this aseptic formulation processing devices by end users, aseptic formulation processing are estimated to be fastest growing market from 2018 to 2028.
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Aseptic Formulation Processing Market: Dynamics
The aseptic formulation processing is a challenging process as transferring the material from one process to another, without operating error and manual contamination poses a high risk to the finished pharmaceutical product. This has fuelled the demand for aseptic filling devices which has further boosted the growth of aseptic formulation processing market.
In addition, regulatory agencies across the globe are developing and enforcing stringent requirements for environmental and process control for aseptic formulation processing. These factors are creating interest in advanced aseptic technologies that further raises the demand for superior contamination control devices.
Growing awareness about using highly integrated sterile devices and the development of new therapeutic drugs is expected to drive the aseptic formulation processing market. Increase in pharmaceutical supplies and improved sanitary packaging method are some of the major driving factors of the aseptic formulation processing market.
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Aseptic Formulation Processing Market: Key Players
Some of the major players identified in the global aseptic formulation processing market are Robert Bosch Packaging Technology GmbH, E.I. Du Pont De Nemours and Co, JBT Corporation, Kwang Dah Enterprises Co. Ltd., SHIBUYA CORPORATION, ITECO srl, Greatview Aseptic Packaging Co., Ltd, Powder Systems Limited and GEA Group among others.
Aseptic Formulation Processing Market: Segmentation
Tentatively, the global aseptic formulation processing market has been segmented on the basis of technology, product type, end user, and geography
Based on technology:
- Manual
- Semi-automated
- Automated
Based on product type:
- Laminar air flow systems
- Autoclave devices
- Dry heat ovens
- UV- radiation systems
- Aseptic filling devices
- Open
- Barrier
- Isolators
- RABS (Restricted Access Barrier systems)
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Based on end user:
- Pharmaceutical companies
- Biotech companies
- Research Laboratories
- Others
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