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.
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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.
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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Analysts’ Viewpoint
Companies in the global tablet hardness testers market are focusing on the production of good quality tablet hardness testing instruments to ensure accuracy and productivity. There is an increasing demand for solid tablets in the pharmaceutical industry due to the rising prevalence of diseases across the globe, which drives the global tablet hardness testers market. Technological advancements in testing equipment, automation, and introduction of digital devices help manufacturers operating in pharmaceutical industry to create revenue opportunities with few resources. However, the higher cost of automated tablet hardness testing instruments can hamper the global market growth. Governments should increase investments in R&D activities to find efficient and cost-effective methods to test the tablet hardness in order to improve its quality.
Tablet Hardness Testers Market: Overview
Tablet Hardness Testers Market: Drivers
Market Segmentation: Tablet Hardness Testers Market
Regional Overview: Tablet Hardness Testers Market
Major Players: Tablet Hardness Testers Market
Tablet Hardness Testers Market Snapshot
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Attribute |
Detail |
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Market Size Value in 2020 |
US$ 241.4 Mn |
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Market Forecast Value in 2031 |
US$ 387.2 Mn |
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Growth Rate (CAGR) |
4.41% |
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Forecast Period |
2021–2031 |
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Quantitative Units |
US$ Mn for Value |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
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Competition Landscape |
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|
Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
Tablet Hardness Testers Market - Segmentation
TMR’s study on the global tablet hardness testers market includes information divided into three segments: product type, function, and region. Changing industry trends and other market dynamics associated with these segments of the global tablet hardness testers market are discussed in detail.
| Product Type |
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| Function |
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| Region |
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Tablet hardness testers market to reach the valuation of US$ 387.2 Mn by 2031
Tablet hardness testers market is expected to expand at a CAGR of 4.41% during 2021-2031
Tablet hardness testers market is driven by increasing demand for solid tablets in the pharmaceutical industry due to the rising prevalence of diseases across the globe.
North America accounted for a major share of the global tablet hardness testers market
Key players operating in the global market include Veego Instruments Corporation, SOTAX, Hally Instruments, Copley Scientific, ERWEKA GmbH
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Tablet Hardness Testers Market
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Tablet Hardness Testers Market Analysis and Forecast, 2017–2031
5. Key Insights
5.1. Technological Advancements
5.2. Key Industry Events (mergers, acquisitions, collaborations, approvals, etc.)
5.3. Market price of each machine by a manufacture (*best effort basis)
5.4. Export ratio and export destination of each manufacturer (*best effort basis)
5.5. Comparison of different tester types
5.6. COVID-19 Impact Analysis
6. Global Tablet Hardness Testers Market Analysis and Forecast, by Function
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Function, 2017–2031
6.3.1. Hardness and Thickness
6.3.2. Hardness, Diameter, Thickness
6.3.3. Hardness, Diameter, Weight, Thickness
6.3.4. Hardness, Thickness, Diameter/Length, Width, Weight
6.3.5. Thickness, Length/Diameter, Hardness, Width
6.3.6. Others
6.4. Market Attractiveness Analysis, by Function
7. Global Tablet Hardness Testers Market Analysis and Forecast, by Product Type
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Product Type, 2017–2031
7.3.1. Manual
7.3.2. Semi-automatic
7.3.3. Automatic
7.4. Market Attractiveness Analysis, by Product Type
8. Global Tablet Hardness Testers Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Tablet Hardness Testers Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Function, 2017–2031
9.2.1. Hardness and Thickness
9.2.2. Hardness, Diameter, Thickness
9.2.3. Hardness, Diameter, Weight, Thickness
9.2.4. Hardness, Thickness, Diameter/Length, Width, Weight
9.2.5. Thickness, Length/Diameter, Hardness, Width
9.2.6. Others
9.3. Market Value Forecast, by Product Type, 2017–2031
9.3.1. Manual
9.3.2. Semi-automatic
9.3.3. Automatic
9.4. Market Value Forecast, by Country, 2017–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Function
9.5.2. By Product Type
9.5.3. By Country
10. Europe Tablet Hardness Testers Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Function, 2017–2031
10.2.1. Hardness and Thickness
10.2.2. Hardness, Diameter, Thickness
10.2.3. Hardness, Diameter, Weight, Thickness
10.2.4. Hardness, Thickness, Diameter/Length, Width, Weight
10.2.5. Thickness, Length/Diameter, Hardness, Width
10.2.6. Others
10.3. Market Value Forecast, by Product Type, 2017–2031
10.3.1. Manual
10.3.2. Semi-automatic
10.3.3. Automatic
10.4. Market Value Forecast, by Country/Sub-region, 2017–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Function
10.5.2. By Product Type
10.5.3. By Country/Sub-region
11. Asia Pacific Tablet Hardness Testers Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Function, 2017–2031
11.2.1. Hardness and Thickness
11.2.2. Hardness, Diameter, Thickness
11.2.3. Hardness, Diameter, Weight, Thickness
11.2.4. Hardness, Thickness, Diameter/Length, Width, Weight
11.2.5. Thickness, Length/Diameter, Hardness, Width
11.2.6. Others
11.3. Market Value Forecast, by Product Type, 2017–2031
11.3.1. Manual
11.3.2. Semi-automatic
11.3.3. Fully automatic type
11.4. Market Value Forecast, by Country/Sub-region, 2017–2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Function
11.5.2. By Product Type
11.5.3. By Country/Sub-region
12. Latin America Tablet Hardness Testers Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Function, 2017–2031
12.2.1. Hardness and Thickness
12.2.2. Hardness, Diameter, Thickness
12.2.3. Hardness, Diameter, Weight, Thickness
12.2.4. Hardness, Thickness, Diameter/Length, Width, Weight
12.2.5. Thickness, Length/Diameter, Hardness, Width
12.2.6. Others
12.3. Market Value Forecast, by Product Type, 2017–2031
12.3.1. Manual
12.3.2. Semi-automatic
12.3.3. Automatic
12.4. Market Value Forecast, by Country/Sub-region, 2017–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Function
12.5.2. By Product Type
12.5.3. By Country/Sub-region
13. Middle East & Africa Tablet Hardness Testers Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Function, 2017–2031
13.2.1. Hardness and Thickness
13.2.2. Hardness, Diameter, Thickness
13.2.3. Hardness, Diameter, Weight, Thickness
13.2.4. Hardness, Thickness, Diameter/Length, Width, Weight
13.2.5. Thickness, Length/Diameter, Hardness, Width
13.2.6. Others
13.3. Market Value Forecast, by Product Type, 2017–2031
13.3.1. Manual
13.3.2. Semi-automatic
13.3.3. Automatic
13.4. Market Value Forecast, by Country/Sub-region, 2017–2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Function
13.5.2. By Product Type
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Global Tablet Hardness Testers Share Analysis/ Ranking, by Company
14.2. Company Profiles
14.2.1. Veego Instruments Corporation
14.2.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.1.2. Product Portfolio
14.2.1.3. SWOT Analysis
14.2.1.4. Strategic Overview
14.2.2. SOTAX
14.2.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.2.2. Product Portfolio
14.2.2.3. SWOT Analysis
14.2.2.4. Strategic Overview
14.2.3. Hally Instruments
14.2.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.3.2. Product Portfolio
14.2.3.3. SWOT Analysis
14.2.3.4. Strategic Overview
14.2.4. CopleyScientific
14.2.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.4.2. Product Portfolio
14.2.4.3. SWOT Analysis
14.2.4.4. Strategic Overview
14.2.5. ERWEKAGmbH
14.2.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.5.2. Product Portfolio
14.2.5.3. SWOT Analysis
14.2.5.4. Strategic Overview
14.2.6. Pharmatec
14.2.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.6.2. Product Portfolio
14.2.6.3. SWOT Analysis
14.2.6.4. Strategic Overview
14.2.7. Torontech, Inc.
14.2.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.7.2. Product Portfolio
14.2.7.3. SWOT Analysis
14.2.7.4. Strategic Overview
14.2.8. Compression Components & Service, LLC
14.2.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.8.2. Product Portfolio
14.2.8.3. SWOT Analysis
14.2.8.4. Strategic Overview
14.2.9. Electronics India
14.2.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.9.2. Product Portfolio
14.2.9.3. SWOT Analysis
14.2.9.4. Strategic Overview
14.2.10. Electrolab India Pvt.
14.2.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.10.2. Product Portfolio
14.2.10.3. SWOT Analysis
14.2.10.4. Strategic Overview
14.2.11. Labindia-analytical
14.2.11.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.11.2. Product Portfolio
14.2.11.3. SWOT Analysis
14.2.11.4. Strategic Overview
14.2.12. Shandong Shengtai Instrument Co., Ltd.
14.2.12.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.12.2. Product Portfolio
14.2.12.3. SWOT Analysis
14.2.12.4. Strategic Overview
14.2.13. Panomex, Inc.
14.2.13.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.13.2. Product Portfolio
14.2.13.3. SWOT Analysis
14.2.13.4. Strategic Overview
14.2.14. Others
List of Tables
Table 01: Global Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Function, 2017–2031
Table 02: Global Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
Table 03: Global Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 05: North America Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Function, 2017–2031
Table 06: North America Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
Table 07: Europe Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 08: Europe Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Function, 2017–2031
Table 09: Europe Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
Table 10: Asia Pacific Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 11: Asia Pacific Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Function, 2017–2031
Table 12: Asia Pacific Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
Table 13: Latin America Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 14: Latin America Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Function, 2017–2031
Table 15: Latin America Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
Table 16: Middle East & Africa Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 17: Middle East & Africa Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Function, 2017–2031
Table 18: Middle East & Africa Tablet Hardness Testers Market Value (US$ Mn) Forecast, by Product Type, 2017–2031
List of Figures
Figure 01: Global Tablet Hardness Testers Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: Global Tablet Hardness Testers Market Value Share, by Product Type, 2020
Figure 03: Global Tablet Hardness Testers Market Value Share, by Region, 2020
Figure 04: Global Tablet Hardness Testers Market Value Share, by Function, 2020
Figure 05: Global Tablet Hardness Testers Market Value Share Analysis, by Function, 2020 and 2031
Figure 06: Global Tablet Hardness Testers Market Attractiveness Analysis, by Function, 2021–2031
Figure 07: Global Tablet Hardness Testers Market Value (US$ Mn), by Hardness and Thickness, 2017–2031
Figure 08: Global Tablet Hardness Testers Market Value (US$ Mn), by Hardness, Diameter, Thickness, 2017–2031
Figure 09: Global Tablet Hardness Testers Market Value (US$ Mn), by Hardness, Diameter, Weight, Thickness, 2017–2031
Figure 10: Global Tablet Hardness Testers Market Value (US$ Mn), by Hardness, Thickness, Diameter/Length, Width, Weight Function, 2017–2031
Figure 11: Global Tablet Hardness Testers Market Value (US$ Mn), by Thickness, Length/Diameter, Hardness, Width, 2017–2031
Figure 12: Global Tablet Hardness Testers Market Value (US$ Mn), by Others, 2017–2031
Figure 13: Global Tablet Hardness Testers Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 14: Global Tablet Hardness Testers Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 15: Global Tablet Hardness Testers Market Revenue (US$ Mn), by Manual, 2017–2031
Figure 16: Global Tablet Hardness Testers Market Revenue (US$ Mn), by Semi-automatic, 2017–2031
Figure 17: Global Tablet Hardness Testers Market Revenue (US$ Mn), by Automatic, 2017–2031
Figure 18: Global Tablet Hardness Testers Market Value Share Analysis, by Region, 2020 and 2031
Figure 19: Global Tablet Hardness Testers Market Attractiveness Analysis, by Region, 2021–2031
Figure 20: North America Tablet Hardness Testers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 21: North America Tablet Hardness Testers Market Value Share, by Country, 2020–2031
Figure 22: North America Tablet Hardness Testers Market Attractiveness Analysis, by Country, 2021–2031
Figure 23: North America Tablet Hardness Testers Market Value Share Analysis, by Function, 2020 and 2031
Figure 24: North America Tablet Hardness Testers Market Attractiveness Analysis, by Function, 2021–2031
Figure 25: North America Tablet Hardness Testers Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 26: North America Tablet Hardness Testers Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 27: Europe Tablet Hardness Testers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 28: Europe Tablet Hardness Testers Market Value Share, by Country/Sub-region, 2020–2031
Figure 29: Europe Tablet Hardness Testers Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 30: Europe Tablet Hardness Testers Market Value Share Analysis, by Function, 2020 and 2031
Figure 31: Europe Tablet Hardness Testers Market Attractiveness Analysis, by Function, 2021–2031
Figure 32: Europe Tablet Hardness Testers Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 33: Europe Tablet Hardness Testers Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 34: Asia Pacific Tablet Hardness Testers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 35: Asia Pacific Tablet Hardness Testers Market Value Share, by Country/Sub-region, 2020–2031
Figure 36: Asia Pacific Tablet Hardness Testers Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 37: Asia Pacific Tablet Hardness Testers Market Value Share Analysis, by Function, 2020 and 2031
Figure 38: Asia Pacific Tablet Hardness Testers Market Attractiveness Analysis, by Function, 2021–2031
Figure 39: Asia Pacific Tablet Hardness Testers Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 40: Asia Pacific Tablet Hardness Testers Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 41: Latin America Tablet Hardness Testers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 42: Latin America Tablet Hardness Testers Market Value Share, by Country/Sub-region, 2020–2031
Figure 43: Latin America Tablet Hardness Testers Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 44: Latin America Tablet Hardness Testers Market Value Share Analysis, by Function, 2020 and 2031
Figure 45: Latin America Tablet Hardness Testers Market Attractiveness Analysis, by Function, 2021–2031
Figure 46: Latin America Tablet Hardness Testers Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 47: Latin America Tablet Hardness Testers Market Attractiveness Analysis, by Product Type, 2021–2031
Figure 48: Middle East & Africa Tablet Hardness Testers Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017–2031
Figure 49: Middle East & Africa Tablet Hardness Testers Market Value Share, by Country/Sub-region, 2020–2031
Figure 50: Middle East & Africa Tablet Hardness Testers Market Attractiveness Analysis, by Country/Sub-region, 2021–2031
Figure 51: Middle East & Africa Tablet Hardness Testers Market Value Share Analysis, by Function, 2020 and 2031
Figure 52: Middle East & Africa Tablet Hardness Testers Market Attractiveness Analysis, by Function, 2021–2031
Figure 53: Middle East & Africa Tablet Hardness Testers Market Value Share Analysis, by Product Type, 2020 and 2031
Figure 54: Middle East & Africa Tablet Hardness Testers Market Attractiveness Analysis, by Product Type, 2021–2031
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Tablet Hardness Testers Market Forecast Report, 2021-2031
