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Pharma Plant Machinery and Equipment Market Procurement Intelligence Report | Forecasts of over USD 80 Billion Spend Growth in the Pharma Plant Machinery and Equipment Market

December 3, 2019
Pharma Plant Machinery and Equipment Market Procurement Intelligence Report | Forecasts of over USD 80 Billion Spend Growth in the Pharma Plant Machinery and Equipment Market
Pharma Plant Machinery and Equipment Market Procurement Intelligence Report | Forecasts of over USD 80 Billion Spend Growth in the Pharma Plant Machinery and Equipment Market

LONDON--(BUSINESS WIRE)--Dec 3, 2019--

SpendEdge has been monitoring the global pharma plant machinery and equipment market and the market is poised to experience spend growth of more than USD 80 billion between 2019-2024 at a CAGR of over 7% during the forecast period. Request Free Sample Pages.

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SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Pharma Plant Machinery and Equipment Market Procurement Intelligence Report. (Graphic: Business Wire)

Read the 131-page research report with TOC and LOE on “The Global Pharma Plant Machinery and Equipment Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”

The global regulatory framework mandated the usage of 2D barcoding and RFID tags in the manufacturing and packaging of drug products for remote monitoring of packages. This will act as one of the chief growth drivers in the pharma plant machinery equipment market. Supply chain traceability is gradually gaining prominence which is creating the requirement for data management and cybersecurity in the drug manufacturing process. This requirement will contribute to spend growth in the pharma plant machinery and equipment market during the forecast period.

To be at par with the standards of the highly regulated markets, drug manufacturers in APAC are taking strides to upgrade their manufacturing facilities. This will create significant spend opportunities in the pharma plant machinery and equipment market in APAC. With the regulatory leash tightening around the drug manufacturing enterprises, buyers are being compelled to adopt the latest pharma plant machinery and equipment as the usage of conventional plant machinery and equipment has high chances of non-adherence to the DSCSA in terms of serialization. This will drive a significant amount of investments into the pharma plant machinery and equipment market in the US.

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Insights into the market pricing trends

Insights into the supply market that will have potential impacts on your procurement strategy

Some of the top pharma plant machinery and equipment suppliers enlisted in this report

Buy 1 report and get the second for 50% off. Buy 2 reports and get the third for free. Download the free sample of this report on the pharma plant machinery and equipment market.

Some of the key topics covered in this report are:

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20191203005491/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD: GERMANY EUROPE JAPAN ASIA PACIFIC

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING HEALTH PHARMACEUTICAL ENGINEERING

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 12/03/2019 09:31 AM/DISC: 12/03/2019 09:31 AM

http://www.businesswire.com/news/home/20191203005491/en