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 pharmaceutic...