North America's Pharma-Biotech Industry Grows Footprint

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Researched by Industrial Info Resources (Sugar Land, Texas)--Following the COVID-19 outbreak, the North American Pharmaceutical & Biotech Industry is accelerating its evolution with increased automation, novel processes and data generation, along with stronger collaborations and partnerships.

Industrial Info is tracking more than 1,000 capital-spending projects for pharmaceutical, biotech and cannabis projects in North America, with a total investment value (TIV) of more than $45 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pharmaceutical & Biotech Project Database can click here for a list of detailed project reports.

Click on the image at right for a graph detailing active projects in the North American Pharmaceutical & Biotech Industry, by industry sector.

According to a recent report from Linchpin SEO, these are the highest-trending characteristics in the industry:

• Big data evolves across the pharmaceutical sector
• AI partners with big data, combining human reasoning with machine functionality
• Biosimilar (generic biologicals) markets expand due to biologic patent expirations
• Contract developments, collaborations, mergers and acquisitions
• Advanced compressed air technology
• Product manufacturing and labeling for cannabis and other non-prescription formulas
• Balancing safety, regulatory requirements and meeting manufacturing demands by modernizing, digitizing, and streamlining applications
• Continuous processing and new mixing technology features
• Solid-dose pharmaceuticals remain strong
• Instrument verification sensors and calibration procedures
• Precision medicine makes waves

Linchpin SEO expects these trends will gain traction and expand in the foreseeable future, as new technologies become available.

Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.