The Global Empty Capsules market is anticipated to reach USD 2.90 billion by 2027, according to a new report by Reports and Data.
The Global Empty Capsules market is anticipated to reach USD 2.90 billion by 2027, according to a new report by Reports and Data. The growth factors that drive this are the rise of Geriatric populations, the expansion of global pharmaceutical, nutraceutical and cosmeceutical industries and the increase in capsule-over-tablet market preference.
The increasing population count and the chronic disorders associated with this rise are expected to raise demands in the pharmaceutical and nutraceutical areas for the manufacturing of capsule-centered medicines. In addition, the benefits linked to the use of capsules, such as easy swallowing, faster absorption and improved palatability are expected to significantly contribute to market expansion during the prediction period.
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The mushrooming of the pharmaceutical and nutraceutical industries would, during the forecast era, be a high impact drivers for the demand of empty capsules.
Nutraceutical aid has increased dramatically in recent years in avoiding some chronic conditions and thus in use of these goods. For example, helping to avoid cardiovascular problems, nutraceuticals such as omega-3 fatty acids have decreased vitamin deficiency incidences and the increased availability of such low cost supplements.
The highest revenue came in the gelatin capsule category. The high revenue share was based on the following factors: the availability of gelatin as an appropriate compared with non-gelatin capsules such as Hydroxypropyl methylcellulose (HPMC) capsules and pullulan or starch content capsules for the manufacturing process and the cost effectiveness of gelatin capsules.
Nonetheless, from 2019 to 2027 the non-gelatin capsules segment will be the fastest growing group. With non-gelatin capsules as the source of vegetative goods, religious and cultural problems with animal-derived inactive ingredient capsules can be evaded; this consideration is estimated mainly responsible over the forecast period for the broad customer base of this sector.
Further key findings from the report suggest
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- Due to a growing prevalence of a variety of infectious diseases and chronic conditions around the world, antibiotic and antibacterial medicines produced the largest profits.
- Throughout the projected era, vitamins and food supplements are expected to rise at the fastest rate.
- Specific social welfare organizations and government agencies are expected to increase global efforts to reduce malnutrition and vitamin deficiencies during the projected era.
- The increase in the geriatrically susceptible population, combined with the spread of various bacterial and viral infections, is expected to improve the market penetration of specific antibiotics, multi-vitamin supplements and other drugs.
- The region of Asia Pacific is expected to rise over the forecast period with the highest CAGR. The growth in healthcare costs and the rise in disposable income per capita are projected to improve the overall access of many developing nation in this area to healthcare facilities and medicines.
- In October 2017, at its Edinburgh plant in Scotland, Capsugel (US) extended its growth and production capacity for specialty pharmaceuticals using LFHC technology. In addition, the company extended clinical trials at the same facility by introducing additional micro dosing technologies focused on Xcelodosis.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
ACG Associated Capsules Pvt. Ltd., Capsugel, Inc., CapsCanada Corporation, JC Biological Technology Co. Ltd, Medicaps Ltd., Mitsubishi Chemical Holdings Corporation, Qualicaps, Inc., Patheon, Inc., Sunil Healthcare Ltd., and Roxlor LLC, among others.
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Empty Capsules Market Segmentation:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Gelatin Capsules
- Non-Gelatin capsules
Therapeutic Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Antibiotic and antibacterial drugs
- Vitamin and dietary supplements
- Antacids and ant flatulent preparations
- Antianemic preparations
- Anti-inflammatory and anti-rheumatic drugs
- Cardiac therapy drugs
- Cough and cold preparations
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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