Pharmaceutical/Medical Device Companies turn to USA for safe manufacturing

11-Feb-08

Demand for North American equipment will continue to rise as concerns for product safety and tighter manufacturing regulations increase. For example, the rising tide of counterfeit drugs emanating from Asia and elsewhere in the world has reinforced the need for safer manufacturing practices associated with production in the U.S. This is especially important as demand for pharmaceutical drugs and medical devices continue to increase worldwide. PMMI's Industry Segment Market Research Study for Pharmaceutical/Nutraceutical Packaging Machinery, found that increased concern for product safety and the need for full FDA compliance will keep a good portion of pharmaceutical production in the U.S. Product security and tracking will also continue to escalate the importance of packaging and safety in the manufacturing process. As per this report, 44% of participants said that they purchase most of their equipment from US manufacturers, while 28% purchase the majority of their equipment offshore. This highlights the greater buying power CPGs in the pharmaceutical/nutraceutical industry enjoy when purchasing U.S. machinery.