Pharmaceutical Coating Equipment Market to Reach USD 1,272.7 Million by 2030 – CAGR & Insights
The global pharmaceutical coating equipment market was valued at USD 849.3 million in 2022 and is projected to reach USD 1,272.7 million by 2030, growing at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is primarily driven by the rapid expansion of the pharmaceutical industry, increasing investments in research and development (R&D), the rising demand for orphan drugs, and the ongoing challenges posed by the resurgence of COVID-19.
The COVID-19 pandemic significantly transformed the pharmaceutical landscape in countries such as the United States. Pharmaceutical companies responded to the heightened demand for medication by undertaking strategic acquisitions, expanding production capacities, and accelerating drug development processes. In 2022, the resurgence of COVID-19 in the U.S., combined with the FDA’s approval of 32 novel drugs, further stimulated the demand for pharmaceuticals, thus contributing to the increased need for pharmaceutical coating equipment.
During the pandemic, the demand for pharmaceutical coatings rose sharply as pharmaceutical firms and governments across the globe intensified efforts to develop and distribute effective treatments. The increased production of solid dosage forms—such as tablets and capsules—required high-quality coating solutions, prompting advancements in coating technologies and equipment.
A significant factor fueling market growth is the increasing popularity of generic medications. As patent protections on many branded drugs continue to expire, governments are actively promoting the use of generics to reduce healthcare costs. This shift toward generic drug production—supported by favorable healthcare policies—has opened new avenues for pharmaceutical coating equipment manufacturers, as generics still require precise and effective coating processes to ensure drug stability, controlled release, and patient acceptability.
The pharmaceutical industry’s demand for coating equipment is also being driven by the growing prevalence of diseases that require tablet-based treatments. There is a noticeable rise in the number of drugs being developed and commercialized in solid dosage form, especially tablets. As a result, the demand for advanced tablet coating systems has increased. Manufacturers of pharmaceutical coatings are responding by expanding product offerings and improving technologies to meet industry needs and regulatory standards.
.
Key Market Trends & Insights
- North America region dominated the market and accounted for 41.1% in 2022.
- U.S is expected to register a CAGR of 4.2% in the North American region over the forecast period.
- Asia Pacific region is projected to emerge as the fastest-growing market and is estimated to register a CAGR of 6.6% over the forecast period.
- By technology, the The film coating equipment dominated the market and accounted for 43.6% of the global revenue share in 2022.
- By product, the The standard coating pan equipment segment dominated the market and accounted for 31.3% of the global revenue share in 2022.
Order a free sample PDF of the Pharmaceutical Coating Equipment Market Intelligence Study, published by Grand View Research.
Market Size & Forecast
- 2022 Market Size: USD 849.3 Million
- 2030 Projected Market Size: USD 1,272.7 Million
- CAGR (2023-2030): 5.2%
- North America: Largest market in 2022
- Asia Pacific: Fastest growing market
Key Companies & Market Share Insights
To strengthen their market presence and keep pace with evolving industry requirements, pharmaceutical coating equipment manufacturers are employing a variety of strategies. These include mergers, acquisitions, joint ventures, product innovations, and geographic expansions. Their goal is to offer technologically advanced and diverse coating solutions, including sugar coatings, film coatings, organic film coatings, seafood coatings, dip coatings, and vacuum dip coatings.
An example of strategic expansion includes Colorcon Inc., a leading global player in pharmaceutical excipients and film coatings. In October 2021, the company acquired Ideal Cures, a provider of coating systems for tablets and capsules in the pharmaceutical and allied industries. This acquisition allowed Colorcon to broaden its product portfolio and better serve emerging market demands.
Key Players
- Ohara Technologies
- ACG
- Glatt GmbH
- Romaco Group
- Thomas Processing LLC
- GEA Group Aktiengesellschaft
- Syntegon Technology GmbH
- B. Bohle Maschinen und Verfahren GmbH
- DIOSNA (LINXIS Group)
- GEBRÜDER LÖDIGE MASCHINENBAU GMBH
Browse Horizon Databook on Global Pharmaceutical Coating Equipment Market Size & Outlook
Conclusion
The pharmaceutical coating equipment market is on a stable growth path, driven by the ongoing evolution of the pharmaceutical industry, increasing demand for generic and tablet-based formulations, and continuous R&D investments. The resurgence of COVID-19, coupled with the rising number of FDA drug approvals, has highlighted the importance of efficient and high-performance coating technologies. As pharmaceutical companies continue to expand production and diversify their portfolios, the demand for advanced coating equipment will remain robust, presenting lucrative opportunities for manufacturers and solution providers worldwide.
Comments
Post a Comment