The global tablet coatings industry generated $2.2B in 2021, and is anticipated to generate $4.1B by 2031, witnessing a CAGR of 6.6% from 2022 to 2031, according to a report by Allied Market Research.
The increase in the geriatric population that are prone to chronic diseases such as diabetes, inflammatory bowel diseases, ulcer, and asthma, the rise in general surgery, cardiovascular surgery, central nervous system surgery, orthopedic surgery, and ophthalmic surgeries, and the rise in sports injuries and road accidents drive the growth of the global tablet coatings market. However, high cost of tablet coatings restricts the market growth. Moreover, technological advancements, the launch of various products, and strategies among key players such as acquisition, collaboration, and agreement present new opportunities in the coming years.