September 2022
The global Tablet Hardness Testers market size was estimated at USD 242.1 million in 2021 and is expected to surpass around USD 387.0 million by 2030 and poised to grow at a compound annual growth rate (CAGR) of 4.42% during the forecast period 2022 to 2030.
Tablet Hardness Testers Market: Overview
Tablet Hardness Testers Market: Drivers
Report Scope of the Tablet Hardness Testers Market
Report Coverage |
Details |
Market Size |
US$ 387.0 Million by 2030 |
Growth Rate |
CAGR of 4.42% from 2022 to 2030 |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Segments Covered |
Product Type, Function and Region, |
Companies Mentioned |
SOTAX, Hally Instruments, Copley Scientific, ERWEKA GmbH, Pharmatec, Torontech Inc. ,Compression Components & Service, LLC, Electronics India, Labindia-analytical, Shandong Shengtai Instrument Co. Ltd., Panomex, Inc.others |
Global Market Witnesses Revenue Opportunities amid COVID-19 Outbreak
The coronavirus pandemic and prolonged lockdown have adversely affected almost all the economic sectors, including the pharmaceutical industry. All the business activities were halted during the lockdown. Even though the pharmaceutical business was harshly affected due to disruptions in supply chain, COVID-19 has created potential opportunities for manufacturers to establish their businesses. The global tablet hardness testers market has created value-grab opportunities when the market players took several initiatives to boost the production and supply of medical instruments such as tablet hardness testers. The increasing awareness of tablet hardness testers to measure the quality of tablet amid the COVID-19 pandemic is driving the global tablet hardness testers market. The global tablet hardness testers market is creating lucrative opportunities post-pandemic due to its productivity.
Booming Pharmaceutical Industry and Profitable Manufacturers
Technological advancements in the global pharmaceutical industry is one of the major reasons anticipated to drive the global tablet hardness testers market. Manufacturers are targeting cost-effective solutions to cater to the increasing demand for tablets and medical drugs from consumers. Ongoing R&D activities in the pharmaceutical industry in order to improve the quality of products, along with innovation in tools & instrument required to test the quality parameters are positively influencing the global tablet hardness testers market. Improvements in healthcare infrastructure amid the coronavirus pandemic and increasing presence of small and medium-scale pharmaceutical manufacturers can also drive the global market.
Adoption of Fully Automatic Tablet Hardness Testers Globally
The global tablet hardness testers market is expected to expand at a CAGR of 4.42% during the forecast period. The global tablet hardness testers market is projected to reach the valuation of US$ 387.0 Mn by 2030. With the increased accuracy and efficiency in determining the tablet hardness, automatic tablet hardness testers are becoming tremendously popular across the globe. Fully automatic testers are extremely reliable in calculating accurate results. Digitalization help store and print the results automatically. The increasing need of determining the tablet disintegration fuels the growth of the global market. Factors responsible for increasing popularity of automatic tablet hardness testers are speed, automatic tablet pressing, real-time display system, and automatic lock and reset facility, etc.
Increasing Demand for Quality Control Check of Tablets
There is an increasing demand of checking quality of the tablets to reduce the risk of damage in variable environmental conditions. Being one of the most essential steps of the drug manufacturing process, market players are investing in pharmaceutical quality control tests wherein hardness and friability can be checked. Tablet should not be too hard or too soft. If the tablet is too hard, it becomes difficult to disintegrate in a given time, and if it is too soft, then it can create difficulty in coating, packaging, and shipping. Rising awareness and applications of tablet hardness testers in order to reduce the damage caused during product handling, packaging, storage, and transportation drives the global tablet hardness testers market.
Market Segmentation: Tablet Hardness Testers Market
Asia Pacific to Offer Lucrative Opportunities
Advancements in pharmaceuticals, technological growth, increasing geriatric population, and rising prevalence of cardiovascular as well as infectious diseases contribute to the market growth in Asia Pacific. Investments in R&D activities in tablet hardness testers and rising popularity of innovative tools and digital instrument to improve productivity fuel the global market growth in countries such as China and India. North America is also creating value-grab opportunities for companies and manufacturers operating in the global tablet hardness testers market. The growing demand for tablet dosage due to low cost, reliable tablet manufacturing processes, and increasing spending on healthcare boost the growth of the tablet hardness testers market in North America.
Regional Overview: Tablet Hardness Testers Market
Some of the prominent players in the Tablet Hardness Testers Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Tablet Hardness Testers market
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Tablet Hardness Testers Market Study:
September 2022
June 2022
June 2020