Global Tablet Coatings Market, By Type (Film Coated, Sugar Coated, Enteric Coated, Others), Polymer Type (Vinyl Derivatives, Cellulosic Polymers, Acrylic Polymers, Others), Functionality (Functional modifying coatings, Non-functional non-modifying coatings, Functional non-modifying coatings), Application (Sustained Release, Immediate Release, Enteric Release), End-Users (Nutraceutical Industry, Pharmaceutical Industry, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Tablet Coatings Market
Tablet coatings market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 5.60% in the above mentioned forecast period.
Tablet coating is a common technique in which a thin polymer based layer is applied on the oral dosage forms that include tablets, granules, powders, crystals and pellets. Tablet coating is necessary to mask the bitter taste and odour of drugs, to enhance the easy swallowing of large dosage forms, to protect the drug from the external environment to improve the stability and to improve the product appearance.
Growing pharmaceutical market, rise in the uptake of biopharmaceuticals, upsurge in the market of generic drugs, increasing adoption of orphan drugs, growth in the biosimilars market and rising demand for nutraceuticals are the factors that will expand the tablet coatings market. Rising focus of sports nutrition, technological advancement in niche markets and shifting focus of pharmaceutical manufacturing and outsourcing of operations to emerging markets will provide beneficial opportunities for the tablet coatings market in the forecast period of 2021-2028.
However, high cost associated with the microencapsulation process in the sustained release formulation, unfavourable drug price control policies and increase in the regulatory stringency are the factors that will hinder the market growth.
Increase in the penetration of counterfeit drugs in the market, changing trade policies in the market, alcohol induced dose-pumping due to sustained release dosages and safeties as well as quality concern are the factors will further challenge the tablet coatings market in the forecast period mentioned above.
This tablet coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tablet coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Tablet Coatings Market Scope and Market Size
The tablet coatings market is segmented on the basis of type, polymer type, functionality, application and end-users. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the tablet coatings market is segmented into film coated, sugar coated, enteric coated and others.
- On the basis of polymer type, the tablet coatings market is segmented into vinyl derivatives, cellulosic polymers, acrylic polymers and others.
- On the basis of functionality, the tablet coatings market is segmented into functional modifying coatings, non-functional non-modifying coatings and functional non-modifying coatings.
- On the basis of application, the tablet coatings market is segmented into sustained release, immediate release and enteric release.
The tablet coatings market is also segmented on the basis of end-users into nutraceutical industry, pharmaceutical industry and others.
Tablet Coatings Market Country Level Analysis
Tablet coatings market is analyzed and market size information is provided by the country, type, polymer type, functionality, application and end-users as referenced above.
The countries covered in the tablet coatings market report are the U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.
North America and Europe dominates the tablet coatings market due to the presence of major key players, growing investment for R&D activities, increasing focus on pharmaceutical products, generic and biosimilars which will increase the demand of novel excipients and well-developed healthcare sector in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising investment in the healthcare sector and growing presence of pharmaceutical companies with large production capabilities.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Tablet coatings market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Global Tablet Coatings Market Share Analysis
Tablet coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to tablet coatings market research.
The major players covered in the tablet coatings market report are Colorcon, Merck KGaA, Sensient Technologies Corporation, BASF SE, Evonik Industries AG, Ashland, DuPont, Kerry Group plc, Roquette Frères, Eastman Chemical Company, Air Liquide, Corel Pharma Chem., Biogrund GmbH, Ideal Cures Pvt. Ltd., WINCOAT COLOURS AND COATINGS PVT. LTD., Spectrum Chemical Manufacturing Corp., Coating Place, Inc., The Lubrizol Corporation, Aquadry Pharma, ARIES EXIM, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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