ALBANY, New York, Feb. 24, 2020 /PRNewswire/ -- Multiple factors such as increase in demand for drugs, growth in research activity, and higher demand for vitamin and dietary supplements is driving the global Empty Capsules Market in a big way. There is also high demand for antibiotic and anti-bacterial drugs, and cardiovascular drugs as incidence of CVD and bacterial infections is on a rise.
"Owing to continuous development in pharmaceutical industry and frequent outbreak of infectious diseases, the industry is set to be the largest end-user over the forecast period. Overall, the market would chart a ~7% Compound Annual Growth Rate from 2019 to 2027", opines TMR.
Key Findings of the Empty Capsules Market Study
- Vitamins and Dietary Supplements to dominate market owing to increase in adoption of preventive care measures by people worldwide
- Porcine to see moderate growth; demand from nutraceuticals and easy availability of raw materials to favor growth but shift to bovine gelatin to act as restraint
- As an end-user, pharmaceutical will lead the charts owing to massive demand for capsules used for different indications
Explore 227 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Empty Capsules market by Application: Antibiotic & Antibacterial Drugs, Vitamin & Dietary Supplements, Antacid & Antiflatulent Preparations, Cardiovascular Therapy Drugs, Cough & Cold Drugs, Other Applications; Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules; Source: Porcine, Bovine, Marine, Natural; Type: Gelatin Capsules [Hard Gelatin, Soft Gelatin], Non-gelatin Capsules; End User: Pharmaceutical Industry, Nutraceutical Industry, Other End Users
Read Detailed TOC of the Report - https://www.transparencymarketresearch.com/report-toc/10559
Empty Capsules Market: Key Driving Factors
A number of trends and drivers at play are taking the growth trajectory of global empty capsules market higher. As per Transparency Market Research, a very important trend that is noted in the market is growing preference for non-gelatin capsule even though gelatin variants would dominate the market landscape over the forecast period. The reasons for this shift in preference is rising concerns regarding environment, cruelty to animals, and massive uptake of vegetarians and veganism globally. Others include:
- Cardiovascular diseases are seeing a massive increase in incidence due to lifestyle choices such as smoking, drinking alcohol, and eating oily food; this, along with stressful work days, is leading to higher cases reported, generating demand for cardiovascular drug capsules
- Growing awareness regarding preventive healthcare is generating massive demand for vitamins and dietary supplements, propelling the empty capsule market onto a high growth trajectory
Key Impediments for Empty Capsules Market Players
Research undertaken by Transparency Market Research into market dynamics of empty capsule market shows that certain factors are hampering its growth. These include certain dietary restrictions based on cultural or religious basis. For instance, being an animal-based product, gelatin is not preferred in predominantly vegetarian regions or vegan communities. Strict followers of Hinduism, Buddhism, and Jainism also do not favor such products. Furthermore, some communities specifically ask for Kosher and Halal products. But, the same restraints also create opportunities for market players who can tap into these consumer pools by developing products that in line with their beliefs.
Empty Capsules Market: Region-wise Analysis
- The North American region is marked by presence of distinguished players who are involved in extensive research activities and coupled with a robust healthcare industry, the region is set to be significant contributor to growth of market
- Investments towards life sciences and pharmaceuticals my major market players to help Europe gain a significant market share
- Market in Asia Pacific to chart a sturdy CAGR owing to demand and development of nutraceutical and pharmaceutical industry; funding towards research to support growth; China and India to be major growth propellers
Analyze Empty Capsules market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
To tap into a larger pool of consumers, players are focusing upon expanding operations in newer regional landscapes. Besides, as per Transparency Market Research, improving upon product portfolios is also a part of growth strategy for key market players.
Prominent names among players that are functioning in the global empty capsule market landscape are ACG Worldwide, Capsugel, Qualicaps, HealthCaps India Ltd, Natural Capsules Limited, CapsCanada Corporation, Nectar Lifesciences Ltd., Medi-Caps Ltd., Snail Pharma Industry Co. Ltd., Roxlor, and Sunil Healthcare Ltd, among others.
TMR profiles these comprehensively and states that players would be driven by international recognized standards in terms of product development in order to meet global demand over the forecast period.
Download a PDF Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10559
Transparency Market Research has segmented the market report on empty capsules market based on application, source, type, end-user and region.
Empty Capsules Market by Application
- Antibiotic & Antibacterial Drugs
- Vitamin & Dietary Supplements
- Antacid & Antiflatulent Preparations
- Cardiovascular Therapy Drugs
- Cough & Cold Drugs
- Other Applications
Empty Capsules Market by Functionality
- Immediate-release Capsules
- Sustained-release Capsules
- Delayed-release Capsules
Empty Capsules Market by Source
Empty Capsules Market by Type
- Gelatin Capsules
- Hard Gelatin
- Soft Gelatin
- Non-gelatin Capsules
Empty Capsules Market by End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Other End Users
Empty Capsules Market by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
Explore Transparency Market Research's award-winning coverage of the global Pharmaceutical industry:
Collagen Market - The high and rising demand for a variety of collagen products in the field of wound healing will play a major role in the overall development of the collagen market in the next few years, states TMR in its report. The high demand for a biodegradable material in the wound healing sector will be due to the rising prevalence of a number of chronic diseases such as numerous cancers and diabetes.
Chronic Disease Management Market - Chronic diseases are long-term clinical conditions that progress over the time. It is considered an expensive and most prevalent health care issue across the globe. Chronic disease management programs, thus, is an organized and proactive set of interventions that focuses on needs of the patient population.
Cardiovascular Drugs Market - Cardiovascular diseases (CVDs) comprise disorders and conditions related to circulatory system which include heart and vascular system. The global cardiovascular drugs market was valued approximately US$ 80.0 Bn in 2016 and is anticipated to register CAGR of over 1.0% from 2017 to 2025 to reach value of approximately US$ 91.0 Bn by 2025. Drug classes used to treat cardiovascular indications such as hyperlipidemia, hypertension are likely to fuel expansion of the global cardiovascular drugs market from 2017 to 2025.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research