Empty Capsules Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2024
The Empty Capsules Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global Empty
Capsules Market was estimated at USD 1.34 billion in 2015 and is expected to
grow at a significant CAGR over the forecast period. The major factors
impelling the market growth are increasing adoption rate of capsules when
compared to tablets, rising demand of empty capsules in cosmeceutical,
nutraceutical and pharmaceutical industries and growing geriatric population.
Capsule- based formulations are more popular among the aged population, owing
to benefits like faster dissolution time as compared to the other oral dosage
forms, capsules make swallowing easier for patients, moreover, the
gastrointestinal irritation caused by capsules is comparatively less than other
dosage forms. These aforementioned benefits associated with capsules are likely
to boost the market growth over the forecast period.
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Global empty capsules market, by product (USD Million, 2013 - 2024)
• Gelatin Capsules
• Non-Gelatin capsules
Global empty capsules market by therapeutic application (USD Million,
2013 - 2024)
• Antibiotic and antibacterial drugs
• Vitamin and dietary supplements
• Antacids and antiflatulent preparations,
• Antianemic preparations,
• Anti-inflammatory and anti-rheumatic
drugs,
• Cardiac therapy drugs,
• Cough and cold preparations
Global empty capsules market by end-user (USD Million, 2013 - 2024)
• Pharmaceutical industries
• Nutraceutical industries
• Cosmeceutical industries
• Research laboratories
Top Players Analysis covered in these report
• Sunil Healthcare Ltd
• Roxlor LLC
• Patheon
• Qualicaps
•
Medicaps
• JC Biological Technology Co. Ltd
• Capsugel, Inc. and many others
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Regional Insights
North America’s accounted
for highest share of the total empty capsules market in 2015 and is expected to
grow at a CAGR of 6.1% during the forecast period owing to the high penetration
rate of cosmeceutical and nutraceutical industry along with rising awareness of
nutraceutical products among the consumers.
Asia-Pacific is expected
to witness the fastest growth over the forecast period. This growth can be
attributed to the increase in proliferation of pharmaceutical industry, rising
awareness regarding cosmeceuticals and nutraceuticals products, improved
healthcare infrastructure, and less stringent government regulations in the
nutraceutical industry.
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