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Sales in Automatic Category Account for 70% of Revenue Generated in Deblistering Machines Market: FMI
DUBAI, United Arab Emirates, March 16, 2022 (GLOBE NEWSWIRE) -- As per Future Market Insights (FMI), the deblistering machines market will reach a valuation of US$ 158.3 Mn by 2022. The rapidly growing scope for automation and machinery in the global pharmaceutical industry with the objective of reaching manufacturing targets is a primary factor propelling the sales of deblistering machines.
Global Market Growth Rate (2022-2031)
Collective Value Share: Top 5 Companies (2022)
Deblistering machines are available in automated and semi-automated variants, which are largely used to recover and remove tablets and capsules from blister packs without degrading and affecting the quality of medicines. The consistently rising demand for deblistering machines among pharma and contract manufacturers and recyclers for keeping up with the massive volume of drug packaging has strengthened growth prospects to a significant extent.
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These machines possess excellent deblistering speed and have the ability to work with a wide range of blister packaging formats including push-through, child-resistant, and peelable blisters. FMI predicts that the demand for deblistering machines will be relatively strong owing to factors such as the rising production of blister packaging and oral dosage formats such as tablets and capsules. The market is projected to rise at a CAGR of approximately 4.8% through the end of 2031.
Key Takeaways from Deblistering Machines Market
Automatic deblistering machines are projected account for more than 70% of the overall market share driven by higher operational speed.
40 to 80 BPM machines will remain dominant in the market, while the over 80 BPM machines are estimated to reflect faster growth with an incremental opportunity of US$ ~ 24.3 Mn.
With the frequent use of deblistering machines in the pharma sector, the U.S. market is expected to expand by more than1.5 times.
Manufacturers are capitalizing on opportunities across lucrative markets such as India and China.
Expansion of healthcare sector will spur y-o-y growth in the U.K. at 2.8% in 2021.
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“The rise in production of medicinal drugs, especially those requiring oral dosages such as tablets and capsules has created lucrative opportunities for deblistering machine manufacturers to maximize their sales. Rising emphasis on safe and secure removal of medicinal tablets and capsules with high-precision deblistering processes is anticipated to redefine the market growth,” says FMI analyst.
Launch of Technologically Advanced Deblistering Machines Augment Sales
Deblistering machines are widely considered as the most efficient way of deblistering the tablet and capsules from blisters, owing to minimal error rates, easy and safe removal of drugs, with exceptional deblistering speed. In recent years, the popularity of deblistering machines has touched new heights on the back of its ability to deblister a variety of blister card types.
Technological advancement associated with deblistering machines is one of the pivotal factors that fuels the demand for deblistering machines in the market. Additional key benefits of deblistering machines such as automatic feed and user interface with fault indicators, heavy-duty design, variable speed as per blister speed, and several others attract a substantial portion of manufacturers in the market.
Furthermore, manufacturers from the pharmaceutical sector are aggressively automating their production processes to reduce labor costs. This growing adoption of automated deblistering machines from the manufacturers is likely to strengthen market growth during the foreseeable future.
Impact of COVID-19 on Deblistering Machines Market
The global crisis of the COVID-19 pandemic has had a moderate impact on the sales of deblistering machines in the global market. Lack of supply in terms of raw components owing to restrictions on manufacturing activities has halted the short-term growth.
Lockdown in prominent regions such as Europe, South & East Asia, and North America has induced considerable impact on the manufacturing of deblistering machines. Besides this, the pandemic has created a massive demand for oral dosage form drugs including tablets and capsules.
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Rising demand for these blister pack medicinal drugs is generating demand for existing inventories of deblistering machines from varying end-users such as clinical trial labs, pharmaceutical companies, and packaging centers. This factor is likely to induce a positive impact on sales of deblistering machines. On a broader level, the COVID-19 has a mixed impact on the demand and sales of deblistering machines during the pandemic period.
Omnicell, Inc, Uhlmann Pac-Systeme GmbH & Co. KG, ACG Worldwide Private Limited are the top players operating in the deblistering machines market. Furthermore, RBP Bauer GmbH, Jornen Machinery Co., Ltd, Sepha Limited, Stripfoil Deblistering Technology, Elmach Packages India Pvt. Ltd are also the noticeable players in the deblistering machines market.
The Tier 3 players in the market hold 65-70% in the global deblistering machines market. In conclusion, key players contribute almost 30-35% of the global market. Leading players in the industry are increasingly focused on investments into product development to expand portfolios, consolidating overall market position.
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Future Market Insights, in its new report, offers an unbiased analysis of the global deblistering machines market, analyzing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the deblistering machines market on the basis of automation (automatic, semi-automatic and manual), operating speed (40 BPM, 40 to 80 BPM and above 80 BPM), and end use (pharmaceutical manufacturers, pharmacies, hospitals & clinical laboratories, medical waste recyclers and contract manufacturers) across seven regions.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centres in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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