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Global Information, Inc. (JASDAQ 4171) has launched the new market research report “Tablet Coatings Market Size, Share & Trends Analysis By Polymer, By Types, By Utility, By End user, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030” on its premium market research portal, www.GIIResearch.com.
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According to SPER Market Research, the Tablet Coatings market estimated to reach USD 1226 million by 2030 with a CAGR of 5.2%. The growing of pharmaceutical industry coupled with the increasing R&D activities, the generics market, rapidly growing biopharmaceuticals sector, Nutraceutical industry, and adoption of orphan drugs are the major factors of Growth in this Tablet coatings market.
Impact of COVID-19 on the Tablet Coatings Market Read More
The impetus to the pharmaceutical and Nutraceutical market came from COVID-19. Now, there is a high demand for pharmaceutical products to treat COVID-19. This will boost the demand for products such as tablet coating excipients. The production and use of unlicensed drugs are going to increase in the upcoming years. This is likely to drive the demand for tablet coatings.
Driver: Surge in the generic market
This is due to a large number of drugs going off-patent and healthcare reforms favouring generics gaining toehold globally, the lower cost of generic drugs, similar therapeutic effectiveness, and safety profiles as their branded counterparts.
Challenge: Changing trade policies between countries
The unfavourable drug price control policies, changing trade policies among countries are the challenges for the pharmaceutical industry so as the excipients industry. The high cost in the microencapsulation process, increasing safety & quality concerns, increasing penetration of counterfeit drugs, and alcohol dose-dumping of sustained-release dosages pose significant challenges to the growth of this market.
Opportunities: Rising focus on sports nutrition
The healthy living and fitness leads to focus on sports nutrition and the technological advancements, is going to boost the oral formulations market in the coming years so as supporting the growth of the tablet coatings market.
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