Empty Capsules Market valuation will reach USD 21.84 billion by the end of 2030

Posted by omkar on October 24th, 2019

The Global Empty Capsules market held USD 9.27 billion in 2019 and is predicted to reach USD 21.84 billion by 2030 with a CAGR of 8.1% from 2020-2030. A capsule is an encapsulation of medicines with administered dosage form in a stable shells that can be taken orally or be used as suppositories. There are two forms of empty capsules known as gelatin capsules and non-gelatin capsules. The drugs used by an individual in a lifetime increases almost linearly with age. In addition the capsules are been highly preferred by people to the ease of consumption and availability at medical stores.

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The capsule intake in older adults is more than young peoples and these intake of capsules can be prescribed medications as well as non prescribed medications. In addition, these capsules are safe and less costly as well as organic in nature as compared to readymade capsules.

The factors including growing geriatric population, growth of the pharmaceutical market, along with increasing R&D activities and clinical trials, and advancements in capsule delivery technologies has majorly driven the empty capsules market. However, increasing gelatin prices, lower availability of raw materials, and stringent regulations in pharmaceutical industry may limit the growth in the empty capsules market. The developing economies offer lucrative opportunities for the empty capsules market trend in future.

The empty capsules market is segmented on the basis of product, raw material, therapeutic application, end user, and geography. On the basis of product, the market is segmented into gelatin capsule and non-gelatin capsule. On the basis of raw material, the market covers pig meat, bovine meat, bone, HPMC, and other. On the basis of therapeutic application, the market is classified into antibiotic & antibacterial drug, vitamin & dietary supplement, antacids & anti-flatulent preparation, cardiac therapy drug, and other. On the basis of end user, the market is divided into pharmaceutical, nutraceutical, and other. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

North America is anticipated hold the highest empty capsules market share during the forecast period owing to preference for capsule-based nutraceutical formulations, health-focused trends, high consumer awareness, and technological advancements.

It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to promising growth of pharmaceutical industries, changing trend towards fitness-oriented lifestyles, and rising geriatric population.

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Comprehensive competitive analysis and profiles of the major market players such as CapsCanada Corporation, Lonza Group Ltd., Medi-Caps Ltd., Snail Pharma Industry Co. Ltd, Suheung Co., Ltd, ACG Worldwide, Mitsubishi Chemical Holdings Corporation, Roxlor LLC, Sunil Healthcare Ltd., Bright Pharma Caps Inc., and others are provided in the empty capsules market report.