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Global Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market to record 9.60% CAGR by 2030

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Global Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market to record 9.60% CAGR by 2030

August 10
00:16 2022
Global Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market to record 9.60% CAGR by 2030
Global Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market
Inkwood Research estimates that the Global Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market is evaluated to project a CAGR of 9.60% in terms of revenue during the forecasting years of 2022-2030.

“Browse 22 Market Data Tables and 32 Figures spread over 159 Pages, along with an in-depth TOC on the Global Pharmaceutical Continuous Manufacturing Gravimetric Feeder Market Forecast 2022-2030.”

 

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A feeder is an equipment that primarily feeds liquids, granules, and pellets, in addition to numerous other materials, at a highly stable flow rate. Feeders are categorized into volumetric and gravimetric feeders. The latter offers high precision, continuous feeding by weighing the loss in weight value employing PI control.

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Rising Pharmaceutical Industry to Fuel Market Growth

According to the United Nations Department of Economic and Social Affairs, Population Division, the proportion of older individuals aged 65 and above is anticipated to increase by half over the upcoming three decades, reaching more than 1.5 billion by the year 2050. Moreover, chronic conditions are also rising, with patients frequently impacted by more than one disease. The surging middle-class population, as well as the growing adoption of sedentary lifestyles, particularly in emerging countries, have also accelerated this trend, thereby leading to ailments such as obesity, diabetes, and other expensive health concerns. Hence, these factors play an essential role in propelling the growth of the pharmaceutical industry globally.

Twin Screw Gravimetric Feeder Segment to Lead the Type Category

Twin screw gravimetric feeders provide high feeding accuracy compared to single screw gravimetric feeders. Moreover, they also offer benefits such as smaller size and low noise. As a result, owing to these factors, this type of gravimetric feeder is increasingly used across the pharmaceutical industry. Twin screw gravimetric feeders are also available in a diverse range of sizes, in addition to a comprehensive set of useful options to meet feed rate demands and solve problems associated with material handling. In this regard, Separator Engineering Ltd is a company that provides twin screw gravimetric feeders for the pharmaceutical sector.

Asia-Pacific to be the Fastest-Growing Region by 2030

The Asia-Pacific harbors leading pharmaceutical firms such as Cipla, Kalbe Farma, Sun Pharmaceutical Industries Ltd, Hyphens Pharma, and Livzon Pharmaceutical Group Inc. Moreover, the increase in manufacturing industries in developing countries like India and China is transforming the nations into global pharmaceutical production hubs.

Favorable government initiatives are also encouraging international pharmaceutical firms to expand in the Asia-Pacific. Besides, numerous governments offer tax incentives to pharmaceutical businesses in the region, as well. However, the high costs of gravimetric feeders may pose a threat to the pharmaceutical continuous manufacturing gravimetric feeder market growth in the Asia-Pacific.

The industrial rivalry is expected to be high within the global pharmaceutical continuous manufacturing gravimetric feeder market. The top companies operating in the market are AViTEQ Vibrationstechnik GmbH, Martin Vibration Systems & Solutions, Trantec Solids Handling Limited, etc.

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About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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Related Reports:

GLOBAL PHARMACEUTICAL CONTINUOUS MANUFACTURING MARKET

GLOBAL ASEPTIC PHARMA PROCESSING & PACKAGING EQUIPMENT MARKET

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