Pharmaceutical Processing magazine listed the results of a recent survey they conducted to determine the needs of pharmaceutical companies in the area of contract manufacturers and contract service providers. The good news they report is that79.5% of pharmaceutical manufacturers outsource their manufacturing and service needs and 59% of companies plan to expand their spending on outsourcing in the next 12 months.
When asked what criteria they use when selecting a services provider, they list Technical Staff Expertise, Manufacturing/Services Capabilities and Regulatory History as the top three. To see the complete survey see Pharmaceutical Processing’s Nov/Dec 2013 issue or visit pharmpro.com.
The healthcare industry is predicted to grow faster than other industries over the next decade. The combination of expotential population growth and an ageing population that has an increasing life expectancy will create a worldwide increase in the need for pharmaceuticals.
The author, Marge Bonura, is the Director of Sales & Marketing for New England Machinery, Inc. (NEM). NEM is a leading packaging machinery manufacturer of bottle unscramblers, cappers, orienters, retorquers, lidders, pluggers, pump sorter/placers, scoop feeders, hopper elevators and much more. The company has been in business since 1974 selling to the food, beverage, pharmaceutical, personal care, chemical, household products, automotive and other industries. For more information on NEM, visit their website at www.neminc.com.
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