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(EstateNewsWire.com, October 11, 2018 ) Global pharmaceutical storage & material handling equipment market has shown strong growth pattern in recent years majorly due to rapid growth in pharmaceutical market, growing focus towards automation in pharmaceutical industry, increasing focus of manufacturers on reduction of production cost, government support to promote the pharmaceutical sector, and growing demand of single use systems. In addition, shift towards the use of robotics and booming pharmaceutical industry in developing economies further supports the growth of this market.
Meticulous Research® in its latest publication on Pharmaceutical Storage and Material Handling Equipment Market states that the global pharmaceutical storage & material handling equipment market will increase at a CAGR of 8.6% from 2018 to 2023 to reach USD 1,597.4 million by 2023. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The growth in the North American clinical genomics market is primarily attributed to huge pharma manufacturing sector, high automation adoption rate in pharmaceutical industry, innovations and advancements in bulk material handling products and technologies, and implementation of some expansions and acquisitions plans by the leading pharmaceutical storage and material handling systems manufacturers to increase the production capacity.
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The report provides meticulous analysis of global pharmaceutical storage & material handling equipment market by segmenting it on the basis of type (transport systems, storage systems, lifting and positioning, and stacking and unit formation systems), mode of operation (semi-automatic, automatic, and manual), and product form (solid, liquid, semi-solid). Wherein, among types, transport systems market accounted for the largest share in global pharmaceutical storage and material handling systems market in 2017. The large share of this market is mainly attributed to the increasing use of automated and semi-automated transport systems to meet GMP standards, particularly in developed economies.
In terms of mode of operations, semi-automatic systems market accounted for the largest share in global pharmaceutical storage and material handling systems market in 2017. The large share of this market is mainly attributed to huge adoption of semi-automatic systems by pharmaceutical manufacturers due to their technical and economic feasibility which can be regulated manually and automatically.
The key players analyzed in this global pharmaceutical storage & material handling equipment market report are SERVOLiFT GmbH, Mueller GmbH, Hanningfield Process Systems Ltd., GEA Group Aktiengesellschaft, AZO GmbH + Co. KG, David Round Company, Inc, FLEXICON Corporation, Spirotech-SRD Group Ltd., VAC-U-MAX, Dietrich Engineering Consultants S.A., Volkmann, Inc, Schenck Process Holding GmbH, Coperion Capital GmbH, Matcon Ltd., Gough Econ, Inc, Guttridge Limited, and Glatt GmbH.
Browse in-depth Report on https://www.meticulousresearch.com/product/pharmaceutical-storage-material-handling-equipment-market/
Key Topics Covered in This Report:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Share Analysis
5. Market Insights
6. Global Pharmaceutical Storage & Material Handling Equipment Market, By Type
7. Global Pharmaceutical Storage & Material Handling Equipment Market, By Mode of Operation
8. Global Pharmaceutical Storage & Material Handling Equipment Market, By Product Form
9. Geographic Analysis
10. Competitive Landscape
11. Company Profiles
12. Appendix
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About Meticulous Research®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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