Tablet Compression Tooling Market REPORT OVERVIEW
- Request a Free sample to learn more about this report
The global tablet compression tooling market size was USD 525.3 million in 2021 and market is projected to touch USD 742.4 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.5% during the forecast period.
A tablet compression tooling is an oral pharmaceutical dosage form for a medication or medications with the appropriate excipients. An electromechanical device called a tablet press machine compresses powder into tablets of consistent shapes and sizes. In general, the process of producing tablets involves employing dies and punches to combine various powder particles to create solid materials (tablet). As a result, the design of a tablet press tooling is an important step. Metered into a cavity created by two punches and a die, the granulated powder material must be compressed between the punches with considerable force in order to fuse the material into the appropriate tablet with the precise composition.
A tablet compression tooling come in two varieties: single-station presses and multi-station presses. Metering, compression, ejection, and filling are the four essential operating concepts of tablet compression machines. A tablet compression feeder system, machine hopper, punch system, die system, turret, discharge chute, rollers, and other systems are included in the compression machine. The brains of tablet compression devices are the turrets. The final component of the system that guides the tablets toward a collection bin is the discharge chute.
COVID-19 Impact: Disruption in Demand and Supply Chain Affected Growth Rate
The pandemic impacted every market and the machinery and equipment sector was not an exception. The spread of COVID-19 resulted in stringent rules and guidelines to avoid the virus spread. These guidelines included shutting down the manufacturing industries, which affected the growth rate of the tablet compression tooling sector. Disruption in manufacturing and supply chain was noticed. The workforce witnessed a downfall due to their health concerns. Even though the pandemic supplemented a majority of the workforce to work from their homes, the limited budget deemed the work rate. The demand for machinery and equipment witnessed a downfall due to low manufacturing and supply.
LATEST TRENDS
"Rising Numbers of Diseases to Drive the Market Trend"
Manufacturers of tablet compression have been forced to innovate and create new drugs and medicines that are desired in today's society because of the rise in consumer expectations. Due to an increase in diseases worldwide, demand is rising. The output of pharmaceutical tablets produced globally has been continually growing, boosting the demand for materials that can be mass produced. This will encourage market expansion. The discovery of new diseases is leading to a higher demand for medicines and tablets in the global tablet compression tooling market, which is anticipated to foster the tablet compression tooling market growth.
Tablet Compression Tooling Market SEGMENTATION
- Request a Free sample to learn more about this report
- By Type Analysis
By type, the market is segmented into standard and custom punches and dies.
- By Application Analysis
Based on application, the market is classified into pharmaceutical, nutraceutical, food, and others.
The pharmaceutical segment is anticipated to hold the maximum contribution to the expansion of the market attributed to the rising demand for tablets in the pharma industry globally. The consistent research and development leading to the production of advanced medicines have led to a boost in product demand.
DRIVING FACTORS
"Initiatives by the Government for Improving Healthcare Facilities to Aid Market Growth"
Global pharmaceutical industries that are expanding are also boosting the market growth.
One of the key elements driving the need for tablet compression machines is the government's medical initiatives in many developing countries to maintain the population's health rate by offering better medical facilities. With generic and over-the-counter medications, pharmaceutical companies benefit from quicker production, which boosts revenues and lowers the cost of production overall. Positive effects have resulted from producing more compression machines to boost output. These factors are anticipated to propel tablet compression tooling market growth.
"Benefits Associated With the Equipment to Increase Product Demand"
The tablet compression tooling system has various benefits, such as the nominal length of the punch, which improves and ensures compatibility across all medicines and tablets and reduces the tooling inventory cost for the tablet manufacturers. This system inevitably results in the granules coming between the tip and die bore of the lower punch. It converts the granule powder into pressed tablets of uniform weight and size. It is used to convert various powdered materials into tablets with the help of basic compression principles. These benefits associated with the tablet compression tooling are likely to foster growth in the market.
RESTRAINING FACTORS
"Lack of Skilled Doctors and the Absence of Standard Protocols to Retard Growth"
The market is anticipated to face many restraints, such as a shortage of skilled doctors coupled with the absence of protocols and standards for the medicines. Additionally, hygroscopic medications are not considered suitable for compressed tablets. The medicines and tablets with poor and low solubility and dissolution seem challenging to be formulated. These factors are anticipated to hamper the tablet compression tooling market growth.
Tablet Compression Tooling Market REGIONAL INSIGHTS
- Request a Free sample to learn more about this report
"Asia Pacific Dominate the Market Owing To the Government’s Focus on Improving Medical Facilities"
Asia Pacific is anticipated to hold the maximum part of the tablet compression tooling market share owing to the rising government efforts to improve the production of the tablet in the fastest growing countries such as India and China. Additionally, the presence of major market players is forecasted to propel growth in the market.
North America is expected to gain a significant share in the market owing to the higher demand for medicine due to the presence of a population suffering from chronic diseases.
KEY INDUSTRY PLAYERS
"Key Companies to Focus On Developing Higher Efficiency Products to Gain Growth"
New sustainable products and solutions that give clients greater efficiency and higher value are being developed by the companies. Additionally, businesses and industries are attempting to boost sales through investments, acquisitions, and innovation. To better serve their different markets, they are increasing their production capacity. Due to the presence of multiple large corporations, the market is competitive. It is also defined by the existence of a sizable global consumer base, with the companies executing their businesses through specialized distribution networks. Some companies are also adopting various strategies to fulfill the demand for medicines to gain additional growth in the global market.
List of Market Players Profiled
- Natoli Engineering (U.S.)
- Wilson Tool (U.S.)
- PACIFIC TOOLS (India)
- I Holland (U.K.)
- Elizabeth group (U.S.)
- Pharmachine (India)
- NANNO Co., Ltd.
- Adamus SA (Poland)
- Rotek Pharma Technologies (India)
- PTK-GB Ltd. (U.K.)
- Karnavati Engineering (India)
- Jayshree Tablet Science (India)
- CMC Machinery LLC (U.S.)
- JCMCO (China)
- SHAPER (India)
REPORT COVERAGE
The report covers insightful details of the industry which is anticipated to offer an idea of the market to the stakeholders. The report offers an overall evaluation of the market. It includes a comprehensive analysis of trends, drivers, restraints, competitive landscape, and other aspects. Elaborative details on the factors playing a substantial role in the global market are covered. The report covers past, present, and future business opportunities. It also represents a detailed analysis of market insights. The report lays a major emphasis on winning strategies adopted by the key players and the post effects of the pandemic.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 525.3 Million in 2021 |
Market Size Value By |
US$ 742.4 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
-
What value is the tablet compression tooling market expected to touch by 2031?
Based on our research, the tablet compression tooling market is projected to touch USD 742.4 million by 2031.
-
What CAGR is the tablet compression tooling market expected to exhibit by 2031?
The tablet compression tooling market is expected to exhibit a CAGR of 3.5% by 2031.
-
What are the segments of the tablet compression tooling market?
By type, the tablet compression tooling market is segmented into standard and custom punches and dies. Based on application, the market is classified into pharmaceutical, nutraceutical, food, and others.
-
Which are the driving factors of the tablet compression tooling market?
Initiatives by the government for improving healthcare facilities to aid market growth and the benefits associated with the tablet compression tooling to increase product demand are the factors driving the tablet compression tooling market.
-
Which are the top companies operating in the tablet compression tooling market?
Natoli Engineering, Wilson Tool, PACIFIC TOOLS, I Holland, Elizabeth group, Pharmachine, NANNO Co., Ltd., Adamus SA, Rotek Pharma Technologies, PTK-GB Ltd., Karnavati Engineering, Jayshree Tablet Science, CMC Machinery LLC, JCMCO, and SHAPER are the top companies operating in the tablet compression tooling market.