Powder Dispensing Systems Market Inclined to Deliver Positive Growth Results until 2027
The global powder dispensing systems market is projected to register a moderate expansion over the forecast period during 2019 to 2027.
[UKPRwire, Thu Jun 13 2019] The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global powder dispensing systems market size during the period until 2027. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the powder dispensing systems market during the forecast period.
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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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Powder Dispensing Systems – Competitive Landscape
- A development complementing the pervasive trend of collaborations between companies towards the development of sophisticated infrastructure and technology to substantially reduce the lead time to new treatments was when the Enabling Technologies Consortium, a group of biotech and pharmaceutical companies, released a study outlining the need for development of powder dispensing systems which could handle an assortment of substances while dispensing precise dosages for clinical trial drug development.
- To capitalize on the burgeoning demand for precision powder dispensing, GiroNEX, a leading player operating in the powder dispensing systems market launched its own proprietary technology which according to the company is capable of dispensing 0.1 mg to 5 grams of chemicals into capsules and vials with an accuracy of 2% or better.
- Powder metallurgy is increasingly becoming popular in additive manufacturing and a recent development complementing the pervasive trend was Stratys’ announcement highlighting the use of powdered dispensing systems in its proprietary Layered Powder Metallurgy. The company aims to simplify the 3D printing of metal components by leveraging the technology.
- Powder dispensing systems are estimated to continue gaining penetration into additive manufacturing in the foreseeable future. A recent development complementing the pervasive trend was when Aerosint and Aconity3D announced entering an alliance for the development of Laser Powder Bed Fusion for 3D metal printing. The system will use Aerosint’s powder dispensing system which can be used for multiple different types of materials.
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.
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