PRESS RELEASEPublished April 25, 2023According to the report, the global Tablet Coatings market is expected to grow from $ 3.2 Billion in 2022, which is expected to reach $ 6.5 Billion by 2033, growing at a CAGR of 7.6% from 2023 to 2033. The tablet coatings market involves the application of a coating layer onto the surface of a tablet for various purposes such as improving its appearance, taste, and stability, enhancing drug delivery, and protecting the tablet from environmental factors such as moisture and light.
The global tablet coatings market is primarily driven by the increasing demand for coated tablets in the pharmaceutical industry, as they offer several advantages over uncoated tablets such as improved patient compliance, reduced drug degradation, and improved drug delivery. Additionally, the growing prevalence of chronic diseases and the subsequent increase in demand for medication are expected to boost the demand for tablet coatings in the pharmaceutical industry.
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Key Highlights:
The global Tablet Coatings Market size was valued at USD 2 Billion in 2022 growing at a CAGR of 7.6% from 2023 to 2033.
North America dominated the market in 2022
Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
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While the pandemic has increased demand for certain drugs and thereby increased the demand for coated tablets, it has also led to disruptions in the supply chain, leading to delays in the manufacturing and delivery of coated tablets. Additionally, the pandemic has led to the implementation of strict lockdown measures, which have impacted the production and distribution of coated tablets.
In terms of COVID-19 impact, the Tablet Coatings market report also includes the following data points:
COVID-19 Impact on Tablet Coatings market size
End-User/Industry/Application Trend, and Preferences
Government Policies/Regulatory Framework
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in Tablet Coatings market