Tablet Press Market Insights
Tablet Press Market is expected to grow with significant Growth Rate
Tablet press is a mechanical device that is used to transform powder into tablets of regular thickness and sizes. The tablet press works on the principle of filling, compression and ejection providing the final product. The tablet press can be used to manufacture a variety of tablets comprising different materials for illicit drugs such as Ecstasy (E) or MDMA, cosmetics and cleaning products.
The tablet press is designed to maintain the efficiency and reliability of the final products. The tablet press that is used to control the tablet specifications such as shape, size, the texture of the solid dose tablet, and depth of fill. The tablet press allows the modification and also controls the specification of the tablet according to the application. The need for automated techniques and advance industrial equipment in the pharmaceutical industry is expected to contribute to the growth of the global tablet press market in the forecast period. The global tablet press market is estimated to grow at high-end single-digit growth rate during the forecast period.
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Demand from the Pharmaceutical Industry is Likely to Improve the Tablet Press Market Growth
The demand for automated, economical and time-saving techniques in the pharmaceutical industry is the key driving factor for the growth of the global tablet press market during the forecast period. The tablet press is suitable for a large production providing controlled hardness and weight of the tablets. Also, tablet press does not produce a large amount of wastage and having modular powder feeding system, which enables the user to increase production. The aforementioned factors are considered to drive the growth of the global tablet press market.
The healthcare sector and pharmaceutical sector are always concerned about the hygienic conditions of the equipment, medicines and other related things. Tablet press takes care of the hygiene value during tablet production. The tablet press market is expected to grow with significant growth rate over the forecast period.
Multiple Station Tablet Press is the Key to Success in the Global Market
The tablet press can be segmented by product type as single punch tablet press and multiple station pharmaceutical tablet press (or rotary press).
The tablet press can also be segmented on the basis of capacity as less than 1,00,000 tablets per hour, 1,00,000 to 2,50,000 tablets per hour and more than 2,50,000 tablets per hour production capacity.
The global tablet press market can be segmented on the basis of application as pharmaceutical, chemical, food industry, nutraceutical, cosmetics and others. The pharmaceutical industrial application is the foremost among other application owing to the demand for medicinal tablets.
North America is estimated to dominate the Tablet Press Market
The global tablet press market is segmented into Latin America, Western Europe, North America, Asia and Pacific excluding Japan (APEJ), Eastern Europe, Japan, and the Middle East and Africa (MEA). The regional segment includes emerging countries such as China, India and Australia in the tablet press market. Among the segmented regions, sales and demand for the tablet press in North America are expected to hold a significant share in the global tablet press market. The North America tablet press market is growing due to the substantial growth in the pharmaceutical industry in the region.
Moreover, the significant growth of the healthcare industry owing to the demand for economic and time-saving techniques in the developing regions, such as APEJ and Latin America, is expected to contribute to the growth of the global tablet press market in the forecast period.
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Manufacturers’ Investment in R&D is Likely to Expand the Tablet Press Market
Some of the key players in the tablet press market are Robert Bosch LLC., Cadmach Machinery Co. Pvt. Ltd., I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Elizabeth-Hata International, BEIJING GYLONGLI SCI. & TECH. CO., LTD., Compression Components & Service LLC, and others. The manufacturers’ optimization to offer automated techniques including tablet press in the pharmaceutical industry is expected to boost the demand in the forecast period. Moreover, companies are investing in the research & development and also enhances the marketing strategy, which is projected to promote the growth of the global tablet press market over the forecast period, 2018-2027.
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This post was originally published on Space Market Research