The global deblistering machines market is there to witness a linear CAGR of 4.8% between 2022 and 2031, reaching US$ 242.6 Mn by the year 2031. As per Future Market Insights (FMI), the deblistering machines market will reach a valuation of US$ 152.2 Mn by 2021. 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.
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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% through the end of 2031.
Key Takeaways from Deblistering Machines Market
“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.
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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.
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.
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Key Segments Covered in Deblistering Machines Industry Research
Deblistering Machines Market Landscape
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.