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Powder Dispensing Systems Market – Key Insights
- The powder dispensing systems market registered a steady growth at CAGR 4.8% during the 2013-2018 period.
- Intensifying clinical trials and burgeoning demand for novel treatments is expected to bolster powder dispensing systems market growth which was valued at almost US$ 330 million in 2018 and is poised to register a Y-o-Y growth of 5.9% in 2019.
- North America is estimated to account for the bulk of the powder dispensing systems market share with the presence of numerous pharmaceutical powerhouses and sophisticated infrastructure in the region.
- APEJ is expected to emerge as the fastest growing region for powder dispensing systems market owing to the maturing healthcare systems in the region coupled with intensifying government initiatives to promote manufacturing in the area.
What are the Factors Driving the Growth of Powder Dispensing Systems Market?
- Powder dispensing systems are gradually gaining traction in pharmaceutical manufacturing with the development of automated systems enabling companies to boost throughput and reduce time to market. Additionally, evolving technology is aiding the development of efficient dispensing systems with enhanced accuracy and precision. Demand for these systems is estimated to surge as personalized medication and treatment gradually begin to go mainstream. This factor is estimated to be vital to powder dispensing systems market growth.
- Increasing patent expirations and intensifying competition in the pharmaceuticals market is fuelling clinical trials for production of novel drugs and formulations. Systems with sophisticated precision and accuracy dispensing capabilities are estimated to find an increasing usage for the production of capsules and vials for clinical trials which is expected to contribute significantly to the powder dispensing systems market growth.
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Other companies operating in the powder dispensing systems market include Mettler Toledo, 3P Innovation Ltd., Novaflow, FTA Inc., Matrix Containment Technologies, PCT Americas, Coperion GmbH, Sopac Medical S.A., ETB Van Meurs B.V, APoDiS technologies, Ferry Industries Inc., Anmol Scientific, Autodose S.A., and BioDot Inc.
Automated Powder Dispensing Systems to Find Widespread Adoption in Pharmaceuticals and Biotechnology
With drug development on the rise, pharmaceutical and biotechnology companies are investing heavily in equipment and infrastructure to gain a competitive edge in the market. Additionally, the increasing frequency of patent expirations is propelling clinical trials which require formulation and screening of precise medications. The factor is estimated to drive the surge in the demand for automated powder dispensing systems in pharmaceuticals and biotechnology applications. Powder dispensing systems with capacities ranging from 100 mg to 1 gram are likely to remain in demand owing to the range of applications the systems can be used in. The demand for dispensing systems with capacities of less than 100 mg, more than 100 grams, and 1 gram to 100 grams are also expected to rise as the systems are likely to find increasing use in additive manufacturing.
Forensic laboratories and independent research centers are also expected to account for a significant share of the powder dispensing systems market. Bulk powder dispensing systems are gaining traction over benchtop powder dispensing systems as pharmaceutical companies look to bolster production.
Research Methodology
The report on powder dispensing systems is a consequence of a robust and elaborate research methodology. A two-step research process involving primary and secondary researches was conducted to obtaining in-depth and actionable insights into the powder dispensing systems market. Primary research was conducted by interviewing experts from the powder dispensing systems market while thoroughly studying paid sources, trade journals, company press releases, and other publications related to the powder dispensing systems market formed the basis of the secondary research. Results from both the steps of research were cross-referenced with each other to produce an accurate and authentic forecast of the powder dispensing systems market.
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