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Pharmaceutical Granulation Equipment Market Size (2024 - 2029)

The pharmaceutical granulation equipment market is projected to experience growth over the forecast period, driven by increased research and development spending in the healthcare sector and a rise in clinical trials by pharmaceutical and biotechnology companies. Despite the challenges posed during the COVID-19 pandemic, which temporarily reduced demand due to manufacturing disruptions, the market is expected to expand as supply chain activities resume. However, the high cost of equipment may pose a barrier to market growth.

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Market Size of Pharmaceutical Granulation Equipment Industry

Pharmaceutical Granulation Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.50 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Pharmaceutical Granulation Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Pharmaceutical Granulation Equipment Market Analysis

The pharmaceutical granulation equipment market is anticipated to register a CAGR of 5.5% over the forecast period.

During the COVID-19 pandemic, many countries faced challenges in manufacturing pharmaceuticals, impacting the study market. The difficulties faced by pharmaceutical makers were primarily due to the inability of most products' production and supply to be interrupted or reduced, regardless of organizational or outbreak-related factors. Hence, the challenges faced by the companies reduced the demand for pharmaceutical granulation equipment, adversely impacting the market during the pandemic. However, the pharmaceutical granulation equipment market may grow further over the coming years due to resumed supply chain activities.

The increasing research and development spending on healthcare, specifically pharmaceuticals, is expected to boost market growth. For instance, according to the data published by the Congressional Budget Office 2021, the pharmaceutical industries spent nearly USD 200 billion on research and development globally in 2021, compared to USD 83.0 million in previous years. Hence, the increasing healthcare R&D expenditure raises the need for various pharmaceutical products that need granulation procedures using various equipment and is expected to propel the market over the study period.

The increasing number of clinical trials by some pharmaceutical and biotechnology companies contributes to market growth. For instance, in May 2021, Evotec reported a phase 1 clinical trial on a new anticancer molecule. The candidate was created in partnership with Exscientia, a company based in Oxford, United Kingdom, that applies artificial intelligence (AI) techniques to small-molecule drug discovery. Thus, the market is expected to grow significantly over the forecast period due to the abovementioned factors.

However, the high equipment cost will likely hinder the market growth over the forecast period.

Pharmaceutical Granulation Equipment Industry Segmentation

As per the scope of the report, granulation is the process of particle enlargement by agglomeration technique to provide a more homogenous mixture with the formation of granules by agglomeration of fine particles. The Pharmaceutical Granulation Equipment Market is segmented by type (single pot granulators, high sheer granulators, oscillating granulators, and others), mechanism (dry granulators, wet granulators, and mixture granulators), end user (pharmaceutical manufacturing companies, contract manufacturing, and others), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.

By Type
Single Pot Granulators
High Sheer Granulators
Oscillating Granulators
Others
By Mechanism
Dry Granulators
Wet Granulators
Mixture Granulators
By End User
Pharmaceutical Manufacturing Companies
Contract Manufacturing
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Pharmaceutical Granulation Equipment Market Size Summary

The pharmaceutical granulation equipment market is poised for growth, driven by increased research and development investments in the healthcare sector, particularly pharmaceuticals. The market experienced a downturn during the COVID-19 pandemic due to disruptions in manufacturing and supply chains, but is expected to recover as these activities resume. The rising expenditure on healthcare R&D, coupled with the growing number of clinical trials, is anticipated to boost the demand for granulation equipment. Advancements in science and technology, along with the establishment of new manufacturing facilities, are further expected to propel market growth. However, the high cost of equipment may pose challenges to market expansion.

North America is projected to hold a significant share of the market, supported by substantial investments and initiatives from both public and private sectors. The United States, in particular, leads in pharmaceutical development, with significant government funding aiding market growth. The acquisition of Pharmatech Associates by the United States Pharmacopeia highlights the focus on ensuring quality in pharmaceutical manufacturing. Additionally, rising healthcare expenditure in regions like Mexico is driving the demand for novel therapies, positively impacting pharmaceutical production. The market is characterized by fragmentation, with key players such as Alexanderwerk, Anchor Mark Pvt Ltd, and Syntegon Technology GmbH actively contributing to its development.

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Pharmaceutical Granulation Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Number of Research Laboratories

      2. 1.2.2 Growing Healthcare R&D Expenditure

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Equipment

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 2.1 By Type

      1. 2.1.1 Single Pot Granulators

      2. 2.1.2 High Sheer Granulators

      3. 2.1.3 Oscillating Granulators

      4. 2.1.4 Others

    2. 2.2 By Mechanism

      1. 2.2.1 Dry Granulators

      2. 2.2.2 Wet Granulators

      3. 2.2.3 Mixture Granulators

    3. 2.3 By End User

      1. 2.3.1 Pharmaceutical Manufacturing Companies

      2. 2.3.2 Contract Manufacturing

      3. 2.3.3 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Pharmaceutical Granulation Equipment Market Size FAQs

The Global Pharmaceutical Granulation Equipment Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)

Alexanderwerk, Anchor Mark Pvt Ltd, Syntegon Technology GmbH, GEA Group and HOSOKAWA MICRON B.V. are the major companies operating in the Global Pharmaceutical Granulation Equipment Market.

Pharmaceutical Granulation Equipment Market Report Snapshots

Pharmaceutical Granulation Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)