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The market for Pharmaceutical Coating Equipment reflects the increasing demand for machinery utilized in coating pharmaceutical products with various substances and solutions. This equipment plays a crucial role in enhancing the appearance, taste, stability, palatability, and bioavailability of medications, nutritional supplements, and other edible products. Additionally, it serves purposes such as environmental protection and contamination prevention. The pharmaceutical coating equipment market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.45% between 2023 and 2030, reaching an estimated value of USD 1.46 Billion.
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In 2022, the Pharmaceutical Coating Equipment Market was valued at USD 0.865 Billion. It is anticipated to grow from USD 0.91288 Billion in 2023 to USD 1.46 Billion by 2030, demonstrating a CAGR of 5.45% during the forecast period (2023 - 2030). The major drivers for this growth include increased demand for drugs and healthcare due to aging demographics, a rise in lifestyle diseases, and heightened consumption of nutraceuticals. Furthermore, rapid technological advancements, a demand for convenience and specialized products, and improvements in product quality and performance contribute to the market's expansion.
The demand for tableting and coating solutions has witnessed significant growth, driven by the increasing need for specialty medications and nutraceuticals. Pharmaceutical companies are introducing advanced machinery to meet the demand for high-performance coating solutions. Manufacturers are also exploring the integration of technologies, such as robotics and automation, to deliver faster and more efficient coating solutions.
The global pharmaceutical coating equipment market is segmented by type and application. Pan coating systems occupy the largest market share, followed by film coating systems. Film coating systems are expected to experience the fastest growth due to their benefits, including uniform film formation, improved drug release, and extended product shelf life. The rise in demand for tablet coating solutions, designed to enhance product physical properties and meet FDA requirements, is expected to drive the market in the near future.
Geographically, North America dominates the pharmaceutical coating equipment market, accounting for nearly 42.10% of the market share. This is attributed to the increasing prevalence of lifestyle and chronic diseases, along with technological advancements in coating systems. The Asia Pacific region is expected to grow at the highest CAGR, driven by a large population base, the rapid penetration of pharmaceutical and nutraceutical products, increasing demand for functional foods, high disposable income, and a growing awareness of a healthy lifestyle.
Prominent players in the pharmaceutical coating equipment market include:
· IMA Group
· Pamasol AG
· Glatt Group
· Charles Ross & Son Company
· Nordson Corporation
· ILC Dover
· Uhlmann Group.
These players invest in research and development activities to develop sophisticated coating and drying technologies. Collaborations with pharmaceutical manufacturers aim to provide integrated packaging line solutions and customized coating solutions to meet diverse customer needs.
The pharmaceutical coating equipment market is highly competitive and dynamic. Key players adopt various strategies, such as product launches, partnerships, mergers and acquisitions, collaborations, strategic alliances, and investments in R&D for new products. Manufacturers are increasingly focusing on cost-effective and innovative technologies that outperform conventional coating methods.
Recent industry developments include the launch of Pamasol AG's NEXT coating technology in August 2018, promising superior film coating performance and improved product quality. In August 2019, the IMA Group introduced an innovative pharmaceutical coating system designed to enhance bioavailability, provide better dissolution, and reduce production time. In July 2020, Glatt Group launched a new fluidized bed powder coating technology, ensuring high product quality and consistent performance.
the Pharmaceutical Coating Equipment Market was valued at USD 0.865 Billion. It is anticipated to grow from USD 0.91288 Billion in 2023 to USD 1.46 Billion by 2030
The global Pharmaceutical Coating Equipment Market is projected to grow at a CAGR of 5.45% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65394
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