Tablet Hardness Testers Market Competitive Analysis with Forecast 2021-2031

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.

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 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 4.41% during the forecast period. The global tablet hardness testers market is projected to reach the valuation of US$ 387.2 Mn by 2031. 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, automatic lock and reset facility, etc.

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 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.

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.

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 Tablet Hardness Testers Market: Overview

Tablet hardness testing is a quality control test performed to determine ability of a tablet to withstand pressure during transport or shipping. Tablet hardness is the crushing strength of the tablet i.e., the force required to breakdown a tablet. It is measured in units such as kg/cm2, Newton, pound (lb.), kilopound (kp), and Strong-Cobb (SC).

Portable tablet hardness testers are highly popular owing to recharge ability, compact nature, and ease of operation. Demand for automatic tablet hardness testers is expected to increase over the next few years owing to reduced efforts and increased accuracy of results.

These models are able to store and print the results, which assures authenticity and reliability of the tablet manufacturing process. Some of these technologically advanced instruments offer measurement of tablet thickness, size, shape, diameter, and width, along with hardness.

Tablet Hardness Testers Market: Drivers

Demand for automatic tablet hardness testers is rising due to reduced human resources and increase in the accuracy of outcomes. Automatic tablet hardness testers can store and print the results, which assures the reliability of the tablet manufacturing process.

Surge in incidence of chronic diseases such as obesity, diabetes, and other autoimmune diseases owing to factors such as antimicrobial resistance, alcohol consumption, adoption of unhealthy and sedentary lifestyles, and smoking are the key factors driving the demand for drugs in tablet form, which, in turn, propels the global tablet hardness tester market

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According to the National Diabetes Statistic Report 2017 published by the Centers for Disease Control and Prevention (CDC), over 100 million people in the U.S. were living with diabetes or prediabetes. According to the WHO, around 1.6 million deaths were directly caused by diabetes globally in 2016. Rise in prevalence of hypertension and diabetes is the other key factor increasing demand for tablets, which in turn boosts the growth of the global tablet hardness tester market.

Market Segmentation: Tablet Hardness Testers Market

In terms of product type, the global tablet hardness testers market has been classified into manual, semi-automatic, and automatic
Based on function, the global tablet hardness testers market has been divided into divided into hardness and thickness; hardness, diameter, thickness; hardness, diameter, weight, thickness; hardness, thickness, diameter/length, width, weight; thickness, length/diameter, hardness, width, and others

Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The tablet hardness testers market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2031, considering 2020 as the base year. The compound annual growth rate (percentage CAGR) has been provided for each segment and market from 2021 to 2031, along with market size estimations.

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 Regional Overview: Tablet Hardness Testers Market

In terms of region, the global tablet hardness testers market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa

The tablet hardness testers market in North America was valued at US$ 102.2 Mn in 2020 and is projected to reach US$ 159.4 Mn by 2031, expanding at a CAGR of 4.1% from 2021 to 2031.

Investments in research & development on tablet hardness testers has increased over the past few years. These investments have increased the number of research centers and contract manufacturing & contract research organizations. High demand for tablet dosage due to low cost, ease of manufacture & packaging, increase in incidence of infectious & chronic diseases, and rise in healthcare spending in the region are the other factors boosting the growth of the tablet hardness testers market in North America.

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 Major Players: Tablet Hardness Testers Market

The tablet hardness testers market report concludes with the company profiles section, which includes key information about major players in the global tablet hardness testers market
Leading players analyzed in the report include
Veego Instruments Corporation
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

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