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Pharma/Medical Device Companies Projecting Expansion for 2022

Results of a Q1 2022 report from PMMI show that the pharmaceutical/medical device industry is expecting the most growth, followed by other, personal care, food, and beverage.

Q1 2022 Quarterly Business Indictaor Qbi 1

PMMI's Quarterly Business Indicator, providing benchmarking data on new orders, general business conditions, and OEM versus end user performance, is your guide to past performance metrics and CPG investment activity. According to the newly released Q1 2022 report, consumer packaged goods (CPG) companies are generally optimistic about scheduled projects.

  • Results show that the pharmaceutical/medical device industry is expecting the most growth, followed by other, personal care, food, and beverage.
  • Meanwhile, all responding consumer packaged goods (CPG) companies are projecting expansion in scheduled projects in Q2 2022.
  • Manufacturers in the pharmaceutical/medical device segment are very optimistic that scheduled projects will remain on track; 10.8 points over the total market.

Download a complimentary copy of the 1st Quarter 2022 Quarterly Business Indicator here.


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