Tablet Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Tablet Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : May, 2021 | Pharmaceutical

Report Digest

Tablet Coatings Market: Overview

Coatings of the tablet is a common technique of applying a thin polymer-based film to a pharmaceutical product comprising tablets or granules. The coating serves numerous purposes. Most broadly, coating the exterior of the pharmaceutical tablet controls the release profiles. This may endow certain desirable properties such as improving the stability of the cake profile, preventing drug-induced irritation at the GI site, preventing undesirable chemical reactions, taste masking, and odour masking. Coatings may also improve the taste of the tablet. Vast strides have been made in pharmaceutical technologies as also the art of masking method. Some of the contemporary techniques used in tablet coatings market are magnetically assisted impaction coating, electrostatic dry coating, compression coating, powder coating, supercritical fluid coating, and hot melt coating. The end-objective is developing tablets with desirable functional and visual profiles.

Some of the key product types in the tablet coatings market are sugar coated tablets, film coated tablets, gelatin coated tablets, enteric coated tablets, and compression coating tablets, and electrostatic coatings.

The study on the tablet coatings market strives to offer an incisive assessment of the current and promising avenues, recently undertaken research and development activities by some prominent players, the market prospect of new coating methods.

Tablet Coatings Market: Key Trends

The popularity of tablets in dosage form as a medicine is one the key underpinnings in the advances in the tablet coatings market. This means that a large number of solid  pharmaceutical  dosage  forms need coatings when consumed in oral form. In the backdrop of the continuous strides in the pharmaceutical industry, the market has made advances both in technologies and demand.

Growing investments on biopharmaceuticals by generic medicine makers is a key trend in the tablet coatings market. Growing need for biologics or biosimilar for several drugs that will go off-patent in next few years is the key driver for the expansion of the tablet coatings market. Strides made in sports medicine has created the need for new coating technologies to confer new release properties to the intended consumers.

However, despite the advent and adoption of new coating technologies, the problems in production haven’t reduced significantly. This means that with the growing complexity of APIs and changing quality requirements, there is need for further advancements in coating methods to develop pharmaceuticals without any functional defects. Counterfeit drugs are

Tablet Coatings Market: Competitive Dynamics and Key Developments

Companies are coming out with innovative table coating techniques characterized by modularity and accuracy. A case in point is Supercell Coating Technology by GEA Pharma Systems Ltd. Sometimes, hygroscopic or friable tablets need novel tablet coatings. New techniques have also emerged in solventless coatings, with the objective of removing all visual and functional defects. The functional aspect is crucial keeping in mind the functionality of tablet release for intestines.

Some of the key players in the tablet coatings market are;

  • BASF Group
  • Kerry Group
  • Ashland Global
  • Evonik Industries
  • Colorcon
  • Niro Pharma Systems

Tablet Coatings Market: Regional Assessment

On the regional front, North America and Asia Pacific are remarkable lucrative markets. The growing concern of safety and efficacy of pharmaceuticals is the key factor shaping the demands in these regional markets. However, some economies in the region still need to adopt favorable drug price control policies. This has hindered the prospects. The demand for new drug formulations to serve the needs of new consumer cohort such as sportspersons has expanded the avenues in these regions.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?