Dry goods 2024 China pharmaceutical equipment industry market analysis

Mondo Finance Updated on 2024-02-04

Pharmaceutical equipment refers to equipment used for the production, processing, packaging and storage of drugs, generally including raw material processing equipment, pharmaceutical equipment, drug packaging equipment, drug inspection equipment and other equipment.

The upstream of the pharmaceutical equipment industry chain is raw materials and parts, mainly including metal materials, polymer materials, compressors, vacuum pumps, dryers, etc. The companies that produce these raw materials and components include Baosteel Co., Ltd., Hanbell Precision Machinery, Jiangxi Copper, Shenglong Co., Ltd., etc.; The midstream of the pharmaceutical equipment industry chain is the production of pharmaceutical equipment, mainly including API machinery and equipment, preparation machinery, pharmaceutical crushing machinery, decoction piece machinery, pharmaceutical water equipment, pharmaceutical packaging machinery, pharmaceutical testing equipment and other pharmaceutical machinery and equipment. Representative enterprises include: Tofflon, Chutian Technology, Canaan Technology, etc.; The downstream application field of the pharmaceutical equipment industry chain is the pharmaceutical industry.

With the rapid development of the healthcare industry, the global pharmaceutical equipment market is gradually expanding. According to the Global Healthcare Brand Value List, some pharmaceutical giants such as Johnson & Johnson, Roche, and Pfizer have negative annual growth rates in brand value, which also reflects the slowdown in equipment investment by pharmaceutical companies. However, some pharmaceutical equipment manufacturers, such as Tofflon (300171), have not been affected, and their business has maintained steady growth.

In the pharmaceutical equipment market, some international mainstream pharmaceutical equipment manufacturers occupy a dominant position, such as Sartorius, Syntegon, B+S, IMA and Glatt. These companies are highly competitive in R&D, production and sales of pharmaceutical equipment and are able to meet the various needs of pharmaceutical companies.

With the aging of the population, the continuous upgrading of consumption, and the rapid development of the market of biological drugs, innovative drugs and pharmaceutical outsourcing, the comprehensive factors have brought expansion momentum to the market demand for pharmaceutical equipment. According to the data of Yanjing Bizhi Market Research Network, the scale of China's pharmaceutical equipment market will be nearly 70 billion yuan in 2022, a year-on-year increase of 11%. According to analysts**, the size of China's pharmaceutical equipment market will be 72.8 billion yuan in 2023 and increase to 82.5 billion yuan in 2024.

At present, China's pharmaceutical equipment industry is still dominated by pharmaceutical packaging machinery. In China's pharmaceutical equipment industry, pharmaceutical packaging machinery accounts for 557%, API machinery and equipment accounted for more than 25%, and preparation machinery accounted for more than 5%. Decoction piece machinery, pharmaceutical testing equipment, pharmaceutical crushing machinery, and pharmaceutical water equipment account for a relatively small proportion.

The competition pattern of pharmaceutical equipment in China is scattered, and Tofflon and Chutian Technology have a large market share, ranking in the first echelon of the domestic industry. Xinhua Medical and Canaan Technology both accounted for more than 5% of the market. At present, foreign pharmaceutical equipment leading enterprises occupy an important position in the market, especially in some high-end equipment fields, China's pharmaceutical equipment manufacturers in technology, performance and other aspects of foreign pharmaceutical equipment leading enterprises There is a certain gap.

For more related reports, please refer to the market research network of Yanjing Bizhi

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