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Global Pharma 4.0 Market is Projected to Grow at a Notable CAGR of 15% to 20% During the Forecast Period of 2019 to 2025

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News provided by

IndustryARC

21 May, 2019, 10:00 GMT

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Pharma 4.0 Market – Digital Manufacturing Becoming a Reality  – IndustryARC

HYDERABAD, India, May 21, 2019 /PRNewswire/ -- Pharma 4.0, an operating model for pharmaceutical factories and supply chains is based on Industry 4.0 capabilities, digital maturity, and data integrity by design. It focuses on technology, integration, work force and quality control. It is fueled by developments in big data, interconnectivity, collaborative robotics, artificial intelligence and distributed cloud service-based architectures. Digitalization is enabling the change across the organization and along the value chain network. With Pharma 4.0, virtual value chain relies on seamless, real-time data exchange and not on paper filing. Continuous, real-time monitoring of manufacturing processes is possible through Pharma 4.0 thus eradicating any drift away from specified parameters. It enables prediction and rectification before anything turns into a deviation, avoiding the associated down time and loss of product.

To access / purchase the full report browse the link below

https://industryarc.com/Report/18544/industry-4-market.html

Pharma 4.0 is aimed at reducing pharmaceutical manufacturing problems by increasing quality and productivity coupled with decreasing risk and waste. Companies such as Johnson & Johnson, Vertex, Glatt, GSK, Lonza and Pfizer has been seamlessly working on implementation of Pharma 4.0 and has been successful in gaining approvals form regulatory bodies and reap benefits. Considering Pharma 4.0 of strategic value and creating a corporate culture to nurture its growth is of prime importance for companies to succeed with Pharma 4.0 implementation. The cost of fitting out a pharmaceutical manufacturing site according to Pharma 4.0 principles is high, however the results may quickly offset the cost by increasing the productivity and reduction of down time and waste. Recently, ViforPharma Group and its partner company Goodly Innovations were awarded the 2018 Pharma 4.0 Award for the innovation of the year in manufacturing execution systems in the pharma industry. ViforPharma was the first company to pilot a dynamic team-based augmented reality system in a pilot project at its site. Drug development is another area where Pharma 4.0 can be implemented. Most of the data in this area is in unstructured form and thus Pharma 4.0 can enable speeding up and the connection of unstructured data.

Get a quote for full report on Industry 4.0 market from one of our sales representatives

https://industryarc.com/reports/request-quote?id=18544

Predictive Analysis plays key role in Pharma 4.0 owing to the monitoring capabilities today throughout the production cycle. However the amount of stored data which is in unstructured, dispersed, incomplete form acts as a barrier. Difficulty in predicting what skills industry will require in coming years to run the analytics, is another key factor impacting the Pharma 4.0 adoption. As Pharma 4.0 involves connecting thousands of individual devices such as sensors, actuators and networks, security acts as another concern. Thus investments in skilled security staff will lead to reap the benefits of Pharma 4.0 and mitigate the security risks for the companies.

Pharma 4.0 has given manufacturing intelligence a new meaning and is set to facilitate generational change in manufacturing. It is providing the ability to move from reactive to predictive and from strict to adaptive process control. This is creating "smart" manufacturing and is adding flexibility to physical processes involved. With the continuous and cautious testing, Pharma 4.0 concept is gaining momentum. FDA has been actively encouraging the pharma industry to catch up with other industries with regards to the adoption of the Industry 4.0. Along with the big pharmaceutical companies, small and medium companies can also reap the benefits of Pharma 4.0 and thereby become advance manufacturers. As data integrity expectations for regulators increase, demand for more flexible manufacturing, personalized medicine, smaller batch sizes and continuous manufacturing grows, pharmaceutical companies needs to focus on climbing the steep part of the adoption curve in order to make digital manufacturing plant a reality.

To know more about our capability in Industry 4.0 market and consulting follow the link below

https://industryarc.com/pdfdownload.php?id=18544

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. 

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact:
Mr. Venkat Reddy
Sales Manager
Email: sales@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)

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