Empty Capsules Market by Product, Raw Material, Therapeutic Application & by End User (Pharmaceutical, Health Supplements) - Global Forecast to 2019
NEW YORK, Dec. 29, 2014 /PRNewswire/ -- Over the last decade, the empty capsules market is experiencing growth primarily due to the rising aging population and technological innovations in the empty capsules market. The fast-growing pharmaceutical and nutraceutical industries are catalyzing the growth of the empty capsules market.
In this report, the global empty capsules market is segmented by products, source of raw materials, therapeutic applications, and end users. The empty capsules products market is segmented into hard gelatin capsules and nongelatin-based capsules. The empty capsules market segmentation by source of raw materials consists of pig-skin gelatin, bone-derived gelatin, bovine-hide gelatin, hydroxypropyl methyl cellulose (HPMC), pullulan, and starch materials, and others. Based on therapeutic applications, the empty capsules market is segmented as antibiotic drug formulations, vitamins and dietary supplements, antacids and antiflatulents, antianemic preparations, anti-inflammatory drugs, cardiovascular therapy drugs, cough and cold preparations, and others. The empty capsules market is further segmented based on end users, which includes the pharmaceutical industry, nutraceutical industry, cosmetics industry, and research laboratories.
The global empty capsules market is expected to grow at a moderate CAGR during the forecast period of 2014 to 2019 and is estimated to be worth $1,820 million by 2019. The market is mainly driven by the rising demand for hard gelatin and vegetarian capsules in the pharmaceutical and nutraceutical industries, backed by the increasing number of therapeutic applications. The trend of greater uptake of manufacturing and contract manufacturing services in the pharmaceutical industry is also expected to propel the growth of the empty capsules market during the forecast period. Technological advancements, such as vegetarian capsules or nongelatin capsules, capsule dosing for dry powder inhalers, capsule-in-capsule for sustained release effect, and solid lipid pellet capsules are also expected to contribute to the growth of the empty capsules market in the pharmaceutical and nutraceutical industries.
By 2019, North America will account for the largest share of the empty capsules market, followed by Europe, Asia-Pacific, and RoW. Developed geographies such as North America and Europe are likely to grow at a lower CAGR than Asia-Pacific. The Asia-Pacific region is expected to have the fastest market growth during the forecast period, largely driven by increasing health awareness among people, rising affordability of healthcare services, and growing number of pharmaceutical and nutraceutical industries.
The major players in the empty capsules market include ACG Worldwide (India), Capsugel (U.S.), CapsCanada Corporation (Canada), Qualicaps, Inc. (U.S.), Suheung Co., Ltd. (Korea), Medi-Caps Ltd. (India), Roxlor LLC (U.S.), Sunil Healthcare Ltd. (India), Snail Pharma Industry Co., Ltd. (China), and Bright Pharma Caps, Inc. (U.S.).
Capsugel (U.S.) and ACG Worldwide (India) are the leading players of the global empty capsules market, together accounting for around 40% to 50% of the market in 2013. Capsugel has a diversified product portfolio, which includes a wide range of capsules such as hard gelatin and nongelatin-based capsules. The company has extensive experience and expertise in gelatin and capsule manufacturing, and a strong geographical presence, with business operations in several geographies across the globe including Asia-Pacific, Europe, North America, Central America, and Latin America.
Reasons to Buy the Report
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market which in turn would help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the empty capsules market. The report analyzes the empty capsules market by product, source of raw material, therapeutic application, and end user across all regions
- Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the empty capsules market
- Market Development: Comprehensive information of the lucrative emerging markets by product, source of raw material, therapeutic application, end user, and geography
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the empty capsules market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analysis of the leading players in the empty capsules market
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