Tablet Processing & Packaging Equipment Market: Global Forecast To 2022
Tablet is a unit solid dosage form containing active ingredient with or without the suitable excipients. These are the most widely used dosage form by the pharmaceutical manufacturers, physicians, and patients. The main objective of the design and manufacture of the tablet is to deliver orally the correct amount of drug in the proper form, at or over the proper time and in desired location, and to have its chemical integrity protected at the point of its action. The physical design, manufacturing process, and complete chemical makeup of the tablet can have a profound effect on the efficiency of the drug being administered. There are various types of processing equipment’s used in manufacturing of tablets namely milling equipment’s, sifters, granulators, dryers, blenders, tablet presses, tablet coating machines, tablet packaging machines, and other allied machines.
The global tablet processing & packaging equipment market will increase at a CAGR of 8.8% from USD 3,453.0 million in 2017 to USD 5,268.8 million by 2022, driven by rapid growth of aging population, growing pharmaceutical market, rapid rise in chronic and infectious disease cases, and various technological advancements across the globe. However, increased demand for refurbished machines hinders the growth of the market to some extent.
This study analyses the global tablet processing & packaging equipment market. It presents market size for 2015, 2016, and 2017, with a forecast till 2022 by product and by geography. By product, the market is mainly segmented into tablet processing and tablet packaging equipment. The tablet processing equipment market is further segmented into milling equipment (communiting mills, multi mills), vibrio sifters, granulators (rapid mixer granulators, oscillating granulators, roll compactors), dryers (fluid bed dryer, tray dryer, belt dryer, vacuum tray dryer, spray dryer, rotary dryer), blenders (“v” cone blenders, octagonal blenders, mass mixers, double cone blender), tablet press (single station tablet press, multi station tablet press), tablet coating machines (standard coating pan, perforated coating pan, fluidized bed/ air suspension coater), and allied machines (de-dusting machines, dust extractor machines, tablet inspection machines, tablet counting machines).The tablet packaging machines market is further segmented into blister packaging machines, strip packaging machines, and alu-alu blister machines.
By geography, the market is analysed into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level. The study also considers demographic factors, details industry structure, analyses market dynamics, and profiles key industry players.
The major companies have implemented various strategies to expand their product offerings, global footprint, and to augment their market share. The key strategies followed by most of the companies in the global tablet processing & packaging equipment market were new products launches and expansions. Some of the leading players in the global tablet processing & packaging equipment market are Robert Bosch GmbH, GEA Group, I.M.A. Industria Macchine Automatiche S.p.A, IDEX Corporation, The Elizabeth Companies, LMT Group, O’Hara Technologies Inc., Key International Inc., kg-pharma GmbH & Co. KG, GROUPE BRETECHE INDUSTRIES, Charles Ross & Son Company, PRISM PHARMA MACHINERY, YENCHEN MACHINERY CO., LTD, Nicomacsrl, Kevin Process Technologies Pvt. Ltd., and Cadmach Machinery Co. Pvt. Ltd.
Scope of the report