The Worldwide Aseptic Pharma Processing Industry Is Expected To Reach $24 Billion By 2031 [TheStreet.com]
AbbVie Inc. (ABBV)
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Source: TheStreet.com
DUBLIN, Jan. 19, 2022 /PRNewswire/ -- The report has been added to ResearchAndMarkets.com's offering. The global aseptic pharma processing market was valued to be $10,633.3 million in 2020 and is expected to reach $24,364.0 million by 2031, witnessing a CAGR of 7.90% during the forecast period 2021-2031. The growth is attributed to the reduced risk of high-cost product loss, high growth in the generics and biopharmaceuticals markets, and growing demand for contract manufacturing organizations (CMOs) for aseptic manufacturing of pharmaceutical products. Further, continued significant investments by biotechnology firms to improve the aseptic processing technology by incorporating automated instruments has also promoted the prominence of the aseptic pharma processing market. Within the research report, the market is segmented based on product, technology, and region. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market reven
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