LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Tablet Coatings Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the pharma and healthcare industry. This report breaks down the data and analysis behind the procurement of tablet coatings and acts as an all-inclusive guide for making smart purchasing decisions.
“The growth of global tablet coatings market can be attributed to the increasing demand for pharmaceuticals, nutraceuticals, and generic drugs,” says SpendEdge procurement analyst Tridib Bora. “Also, there is a higher demand for pigmented film coating from buyers across APAC owing to the greater need to prevent penetration of counterfeit drugs,” added Tridib.
Looking for more insights from this report? Request a free sample report
SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.
Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Tablet Coatings Market:
- The demand for technical assistance
- Increase in demand for tools that optimize tablet coating process
- Increasing investments in backward integration by the suppliers
This report is available at USD 1000 discount for a limited time only: View the report snapshot before purchasing
The demand for technical assistance:
There is a growing demand from buyers for variations in the tablet coating solutions, based on the type of the drug to be manufactured. Hence, buyers are now increasingly demanding technical assistance from suppliers to optimize the tablet coating manufacturing process and reduce wastage. Moreover, suppliers who offer technical assistance also help the buyers in optimizing the tablet coating process by reducing the associated operational complexities for buyers.
Increase in demand for tools that optimize tablet coating process:
The tablet coating process varies based on the diverse types of drugs that need to be coated. Consequently, an increasing number of tablet coating suppliers are providing tablet coating measurement tools, such as auto coater, that help to analyze and optimize the tablet coating process depending on the drug type. Also, tools that optimize tablet coating processes help in minimizing waste during the tablet coating process, thereby assisting the buyers to achieve better savings.
Increasing investments in backward integration by the suppliers:
The procurement of chemicals such as HPMC, HPC, and methylcellulose prove to be expensive for the tablet coating suppliers. High price variations with respect to chemicals reduce suppliers' profit margin and expose buyers to escalating cost. Hence, several tablet coating suppliers in the market are increasingly investing in backward integration of these raw material manufacturers. Backward integration also helps them have greater control over the price of raw materials, which in turn leads to better production planning.
Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now.
We also customize reports to meet clients’ requirements.
Browse Related Reports:
- Global Lab Consumables Category - Procurement Market Intelligence Report
- Global Culture Media Category - Procurement Market Intelligence Report
- Global Empty Capsules Category - Procurement Market Intelligence Report
- Global Wearable Medical Devices Category - Procurement Market Intelligence Report
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.