Market Research Future (MRFR) has published a cooked research report on the Global Pharmaceutical Coating Equipment Market that contains information from 2018 to 2032. The Pharmaceutical Coating Equipment market is estimated to register a CAGR of 5.60% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Pharmaceutical Coating Equipment market— Ohara Technologies, ACG, Glatt GmbH, Romaco Group, Thomas Processing LLC, GEA Group Aktiengesellschaft, Syntegon Technology GmbH, L.B. Bohle Maschinen und Verfahren GmbH, DIOSNA (LINXIS Group), Bosch Packaging Technology.
Pharmaceutical Coating Equipment Market Highlights
The global Pharmaceutical Coating Equipment Market is accounted to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 1.330 billion by 2032.
The pharmaceutical coating equipment market is characterized by significant growth, driven by the expanding pharmaceutical industry, increasing demand for coated dosage forms, and a growing focus on advanced drug delivery systems. Technological advancements in coating equipment, such as the integration of automation and precision control features, are shaping the market. The rising prevalence of chronic diseases and the need for specialized coatings for targeted drug release further contribute to the market's expansion.
Segment Analysis
The global Pharmaceutical Coating Equipment market has been segmented based on technology and product type.
On the basis of technology, the market is segmented into Sugar Coating, Film Coating, Organic Film Coating, Dip Coating and Others. The film coating segment was attributed to holding the largest market share in 2022, due to its versatility and ability to meet various industry needs.
Based on product type, the global Pharmaceutical Coating Equipment market has been segmented into Standard Coating Pan, Perforated Coating Pan, Fluidized Bed Coater and Other. The standard coating pan segment was expected to hold the largest market share in 2022, due to its simplicity, reliability, and widespread acceptance in the industry.
Regional Analysis
The global Pharmaceutical Coating Equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Pharmaceutical Coating Equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Pharmaceutical Coating Equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Pharmaceutical Coating Equipment market comprises of Middle East, Africa, and Latin America.
The largest market share for Pharmaceutical Coating Equipment was maintained by the North American regional sector. This increase is attributed to the region's advanced pharmaceutical industry, increasing investments in research and development, growing demand for innovative drug delivery systems, and the presence of stringent regulatory standards that encourage the adoption of advanced coating technologies to ensure the quality and efficacy of pharmaceutical products. Additionally, a focus on continuous improvement in manufacturing processes and the need for efficient and precise coating solutions contribute to the market's growth in North America.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Pharmaceutical Coating Equipment is driven by the region's well-established pharmaceutical industry, a strong emphasis on research and development, increasing investments in innovative drug formulations, and a growing demand for specialized coatings in pharmaceutical products to enhance drug delivery and patient compliance.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's burgeoning pharmaceutical and biotechnology industries, increased investment in research and development, and the growing demand for advanced drug delivery systems, leading to a heightened need for sophisticated coating technologies in the manufacturing processes. Additionally, the rise in healthcare expenditure, expanding population, and a surge in the production of generic drugs further contribute to the market growth.
Furthermore, the rest of the world's Pharmaceutical Coating Equipment market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's increasing healthcare expenditure, a rising focus on pharmaceutical manufacturing capabilities, and a growing demand for advanced drug delivery systems.
Key Findings of the Study
- The global Pharmaceutical Coating Equipment market is expected to reach USD 1.330 billion by 2032, at a CAGR of 5.60% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the burgeoning pharmaceutical industry, increasing investments in research and development, and the growing demand for advanced coating technologies.
- Based on technology, the film coating segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- Ohara Technologies, ACG, Glatt GmbH, Romaco Group, Thomas Processing LLC, GEA Group Aktiengesellschaft, Syntegon Technology GmbH, L.B. Bohle Maschinen und Verfahren GmbH, DIOSNA (LINXIS Group), Bosch Packaging Technology.
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Companies Covered | 15 |
Pages | 132 |
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