The post-pandemic boom in the pharmaceutical industry globally has brought various equipment used on a daily basis in manufacturing units into the limelight. Tablet counting machines, being one of them, are in excellent demand. The tablet counting machine market is valued at USD 242.7 million in 2024.
As more and more countries adopt automated devices in the sector, the industry valuation is very likely to follow an upward trajectory. The industry is slated to surpass USD 323 million by the end of 2034, reporting a CAGR of 2.9% during the forecast period.
In countries like India, China, and Japan, where there is a presence of global pharmaceutical companies, tablet-counting machines are demanded the most. The clamor in these countries is also due to the enormity of population and growing median age. Also, the initiatives taken by the respective governments to medically include a substantial part of its population in the country’s healthcare system contribute to this demand.
Tablet counting machines are also utilized in large-scale pharmacy retail shops. This is especially true for those present in the urban and semi-urban settings of the developed and developing parts of the world.
Economies dependent on the primary sector, are the ones with a large number of cattle and animals. These countries also generate a huge demand for tablet-counting machines. This is due to the higher production volume and the need for efficient and accurate machines to streamline the manufacturing process.
Advancements in automation technology have also led to the influx of more reliable, powerful, and affordable tablet counting machines. It is because of this reason, even small-scale businesses are able to afford these machines in their factory units.
These machines offer higher accuracy, faster counting speeds, and greater flexibility to businesses. This makes tablet-counting machines increasingly attractive to manufacturers.
The expansion of the nutraceutical industry has also benefitted the tablet-counting machine industry in the past few years. These machines are also used in research and development activities in the pharmaceutical and nutraceutical sectors.
They are utilized in educational institutes to ensure accurate dosage and packaging of products. All these factors have collectively led to the development of the global tablet counting machine industry.
| Attributes | Description |
|---|---|
| Estimated Global Tablet Counting Machine Market Size (2024E) | USD 242.7 million |
| Projected Global Tablet Counting Machine Market Value (2034F) | USD 323 million |
| Value-based CAGR (2024 to 2034) | 2.9% |
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Industry to Benefit from Industry 4.0 and IoT Integration
There is an observed shift toward the integration of Internet of Things networks in tablet counting machines. This is due to the ongoing Industry 4.0 drive in economically advantageous countries.
This has allowed for real-time monitoring, data collection, and analysis, which in turn is helping businesses to streamline their operations on a daily basis. The integration also facilitates predictive maintenance, remote monitoring, and optimization of production processes.
Compact and Modular Designed Tablet Counting Machines to Gain Impetus
Thanks to the advancements in engineering technology, there is an advent of tablet-counting machines with compact and modular features in the international marketplace.
These machines are becoming more popular as manufacturers, in today’s day and age, are seeking to optimize floor space in their production facilities. These machines also enable easier integration into existing production lines without the need for extensive reconfiguration.
High Initial Investments, Technical Complexity, and Maintenance to Hamper Growth
Despite all the growth prospects, several reasons are slowing down the tablet counting machine market growth. First and foremost is the high upfront investments required to acquire sophisticated tablet counting machines on the shop floor. This has kept a substantial number of small businesses away from the industry.
Besides this, the complexity of these machines, which often requires experts to operate, is another key deterrent. The monthly maintenance costs and frequent downtimes, if the machines are not operated properly, make the adoption very difficult for budget-conscious businesses.
The tablet counting machine market, in the past few years, has seen a series of ups and downs. The industry performance is significantly based on the demand generated by various sectors such as pharmaceutical, nutraceutical, veterinary medications, etc. In the period of 2019 to 2023, the industry registered a CAGR of 2%.
During the recent pandemic, when the economies were shut down, the tablet-counting machine industry, in the initial stages, faced a considerable plunge in demand. As the production capacities of these industries lowered, the requirement for these machines also dipped low.
With the disruptions in supply chains due to the ongoing war-like situations in the Middle East and European regions, the industry faced significant challenges. It was during the later stages of this pandemic that the tablet-counting machine industry flourished.
As more and more pharmaceutical companies came up with novel medications and drugs, the demand for tablet counting machines skyrocketed. Companies utilized these machines for accurately counting and packaging tablets, ensuring precise dosage and compliance with regulatory standards.
These machines also found their place in these industries for efficient and high-speed tablet counting, reducing manual labor, minimizing errors, and enhancing overall production efficiency. Analyzing the current scenario, it can be confidently projected that the industry is very likely to report a CAGR of 2.9% through 2034.
The tablet counting machine market is mainly categorized on the basis of channels, automation, and end-use. The top two categories discussed in this section are channels and automation.
Based on the channels, the tablet counting machine industry is bifurcated into two: single-channel and multi-channel. Among these two, the multi-channel machines hold an industry share of 55% in 2024.
| Segment | Multi-channel (Channel) |
|---|---|
| Value Share (2024) | 55% |
The demand for multi-channel tablet-counting machines is touching the skies due to their ability to count multiple tablets simultaneously. This significantly increases the speed and efficiency of the counting process, which allows manufacturers to achieve higher production rates while maintaining accuracy.
Besides this, these machines also help reduce the need for manual labor by automating the counting process and increasing throughput.
When it comes to automation, the tablet-counting machines are classified into two: the semi-automatic and the automatic ones. Among these, as of 2024, the semi-automatic ones hold a share of 27%.
| Segment | Semi-automatic (Automation) |
|---|---|
| Value Share (2024) | 27% |
Semi-automatic tablet counting machines are in huge demand, thanks to their ability to offer great flexibility in production processes. These machines can be easily adjusted and reconfigured to accommodate different tablet sizes, shapes, and materials without the need for extensive reprogramming. Also, they are simple to operate and require less technical expertise compared to fully automatic machines.
The section discusses the country-wise insights of tablet counting machines for the forecast period of 2024 to 2034. Based on this analytics, it can be inferred that Asian countries, as compared to European and American ones, are observed to be performing very well in this industry. The United States and the United Kingdom are also leading countries in their respective regions.
For a better understanding of industry dynamics, the growth prospects of Thailand, the United States, and the United Kingdom are mentioned below.
| Countries | CAGR 2024 to 2034 |
|---|---|
| Thailand | 3.1% |
| India | 3% |
| China | 2.9% |
| United Kingdom | 2.7% |
| United States | 2.7% |
The tablet counting machine market in Thailand is one of the most lucrative ones. It is slated to report a CAGR of 3.1% through 2034. Thailand is blessed with a sophisticated healthcare sector, with a multitude of private and public medicare facilities.
Each year, millions of tourists flock to Thailand to take advantage of its cheap treatments while also enjoying its scenic beauty. This has created a conducive environment for the sales of tablet counting machines as they are one of the essential components of the Thai healthcare system.
The United States also is a promising country in this industry. Over the next ten years, the United States tablet counting machine market is projected to rise at 2.7% CAGR. The United States has always been one of the most advanced countries when it comes to research and development activities.
The presence of industry giants in the country has led to the development of modern equipment in the pharma industry. This availability has indeed benefitted the United States tablet counting sector in the past few years. Besides this, the country also generates a tremendous demand for nutraceuticals, where tablet-counting machines are utilized the most.
The United Kingdom is also one of the most profitable countries in the European tablet counting machine market. The country is anticipated to exhibit a CAGR of 2.7% through 2034. The United Kingdom, in the last few years, has shown a promising performance in the pharma sector.
This growth is primarily attributed to the hefty investments by the public as well as private sectors. This has amplified the demand for tablet counting machines in the country. Also, the enormous number of research institutions in the United Kingdom has generated an excellent demand for these machines.
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Though the tablet counting machine market, as of 2024, is pacing at a very sluggish rate, the competition on a global level is very intense. To get a competitive edge, companies in the market are developing cost-effective tablet counting machines so that they can make them accessible to a wider range of pharmaceutical and nutraceutical manufacturers.
These companies are also offering comprehensive training and support services to their customers to ensure the successful adoption and use of tablet counting machines.
Industry Update
In September 2023, Medility Inc.'s pill counting app, Pilleye, caught the attention of pharmacists worldwide. Developed by CEO Benny Park in 2020, Pilleye streamlined pill counting, easing the burden on healthcare professionals. It significantly improved clinic efficiency, marking a milestone in pharmaceutical technology.
Based on channel, the sector is bifurcated into single-channel and multi-channel automation
Based on the automation, the industry is bifurcated into semi-automatic and automatic.
On account of end users, the sector is segmented into, pharmaceutical, nutraceutical, veterinary, as well as research and development institutes, and educational institutes.
As per region, the industry is analyzed across key countries of North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
The global valuation is USD 242.7 million as of 2024.
The industry is expected to reach USD 323 million by 2034.
The industry is set to surge at a CAGR of 2.9% from 2024 to 2034.
Busch Machinery, Inc., IMA Pharma, CVC Technologies, Inc., and Key International, Inc. are some of the key players.
In 2023, the global industry was valued at USD 235.9 million.
| Market Size (2024) | USD 4.8 billion |
|---|---|
| Market Value (2034) | USD 7.7 billion |
| Market Projected Growth Rate (2024 to 2034) | 4.8% CAGR |
| Expected Base Year Value (2023) | USD 95.3 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 172.4 billion |
| Estimated Growth (2023 to 2033) | 6.1% CAGR |
| Market Size 2022 | USD 1,643.0 million |
|---|---|
| Market Size 2032 | USD 2,324.1 million |
| Value CAGR (2022 to 2032) | 3.9% |
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