PHARMACEUTICAL BLENDERS MARKET ANALYSIS
Moreover, with the rapid growth of pharmaceutical manufacturing and generic medicine manufacturing industries, more companies are investing into this market, which is expected to increase the demand for pharmaceutical blenders and fuel growth of the market over the forecast period. Increasing patent expiration is in turn increasing the growth of generic drug manufacturers which is expected to fuel growth of the pharmaceutical blenders market over the forecast period.
The pharmaceutical manufacturing market is growing rapidly, owing to increasing prevalence of chronic diseases and increasing demand for drugs. To fulfill the market demands, many companies and investors are investing and developing more manufacturing units, which is expected to fuel the pharmaceutical blenders market growth.
Increasing research and development initiatives for the development of novel drugs for diseases such as cancer, diabetes or cardiovascular disorders is expected to drive growth of the pharmaceutical blenders market. For instance, as in 2015, according to facts and figures published by the International Federation of Pharmaceutical Manufacturers & Associations, over 6000 drug entities were in preclinical trial.
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