The global pharmaceutical and laboratory technologies sector is a vast and rapidly evolving industry. It plays a critical role in the development, manufacturing, and distribution of pharmaceutical products and technologies that help improve human health and well-being worldwide. The laboratory technologies sector encompasses a wide variety of equipment, instruments, and technologies used in pharmaceutical research, quality control, and drug development. This includes analytical instruments, automated systems, and high-tech screening technologies.
Technological advancements, such as artificial intelligence, nanotechnology, and genomics are rapidly being integrated into pharmaceutical research and development processes. New technological innovations in the industry are introduced every year at various trade exhibitions. The major producers of pharmaceutical lab technologies include the U.S., Germany, France, Japan, China, Italy, South Korea, Belgium, etc.
Laboratory technologies and information systems used by pharmaceutical and biotechnology companies had a market share of $416 million in 2022. The recent trends in the pharma industry include artificial intelligence, additive manufacturing, blockchain, and other 4.0 technologies. Five out of 10 leading global pharmaceutical companies are from the USA. The total expenditure on pharmaceutical research and development in the USA was estimated at $102.3 billion in 2021.
The biotechnology segment was valued at over $400 billion in 2020. The key regions in the biotech industry are Europe and the USA where $420 billion worth of sales are generated. California and the U.S. are the global hubs of life sciences and biotechnology. The global in-vitro diagnostics sector was valued at over $70 billion in 2020 and is projected to reach $98.96 billion in 2023. The laboratory information system market is forecasted to reach $2 billion by 2025, indicating a higher demand for digital systems in medical labs.
The global pharmaceutical laboratory technology industry plays a significant role in the development and growth of the pharmaceutical industry. The latest technologies in lab equipment and biotechnology are introduced every year in various exhibitions across the world. Here are some of the most relevant trade shows that you can attend in the pharmaceutical and laboratory technologies industry:
DUPHAT DUBAI: A relevant pharmaceutical exhibition for the MENA region that covers the entire value chain of the pharma industry. The event provides a rich learning experience for industry professionals with educational seminars, conferences, and workshops. It is an ideal platform to discover the world’s leading raw material suppliers, distributors, and pharmacy networks.
CPHI ve P-MEC: One of Asia’s largest pharmaceutical trade shows, CPHI and PMEC China brings together leading corporations from China and other key regions. Medical laboratory equipment, technologies, and biopharmaceuticals are among the major themes of the event. At the event, you can find the latest technological innovations and meet the global pharmaceutical industry.
Expopharm: One of the leading European trade fairs in the pharmaceutical industry that assembles the entire value chain under one roof. It is an ideal meeting place for pharmaceutical professionals to meet the leading market players and attend educational seminars. It is a comprehensive trade show that allows you to learn the ins and outs of the industry from raw material innovations to laboratory equipment and technologies. It is held in Dusseldorf, Germany, and lasts for 4 days.
PHARMCHINA: A leading medical and pharmaceutical trade event held in Shanghai, China. The event showcases the world’s most advanced and innovative solutions in medical equipment, biotechnology, pharmacy networks, etc. The event is held in Shanghai China at the National Exhibition and Convention Center.
The pharmaceutical lab technology sector is a relevant sector for the entire pharmaceutical industry. It is also important for research and development in the pharmaceutical industry. It is a vast sector with a wide range of sub-sectors to ensure the safety, efficacy, and quality of pharmaceutical drugs. Sub-sectors that can participate in pharmaceutical lab technology trade exhibitions include medical and health, pharmacodynamics, biotechnology, pharmaceutical microbiology, medical IT, drug discovery and development, analytical chemistry, medical research, etc.