Pharma 4.0 is a framework for upgrade in the pharmaceutical industry to incorporate latest technological advancements to enhance the productivity and distribution network.
The four major developmental evolutionary stages of manufacturing have led to Pharma 4.0. Basically, Pharma 4.0 is an advanced operating model for pharmaceutical factories and supply chains, which is based on Industry 4.0 capabilities, digital advancement or digital maturity, and data integrity by design.
The first evolution stage involved implementation of steam power to mechanization. The second stage involved mass production, introduction of the assembly line which is powered by electricity. Third stage involved computers and automation into mixture and the fourth is the introduction of cyber-physical systems using computerization of manufacturing.
Pharma 4.0 primarily focuses on advanced technology, productivity, work force, integration, and quality control. It is nourished by developments in data, upgrade interconnectivity, collaborative robotics, artificial intelligence and cloud based architectures. Digitization is a change across the globe along with the value chain network. This virtual value chain counted on seamless and uninterrupted real-time data exchange and not on paper within less time.
In terms of region, the global Pharma 4.0 market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for large share of the global market in 2021 due to leading role of the U.S. pharmaceutical industry. Other factors driving the market in the region are reduced taxes and lowered drug prices, and advancements in technology & research. Canada is a major market for Pharma 4.0 due to presence of large number of companies in the Ontario region.
The pharmaceutical industry in Europe took the first major step toward digitalization at the beginning of 2019 as the Falsified Medicines Directive (FMD) induced the industry to embrace technological advancements.
Asia Pacific is the second largest pharmaceutical market, after North America, and the region is adopting technological advancements as per Pharma 4.0.
Major Players Operating in Pharma 4.0 Market are listed below:
Global Pharma 4.0 Market, by Design
Global Pharma 4.0 Market, by Technology
Global Pharma 4.0 Market by End-user
Global Pharma 4.0 Market, by Region
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