Global Empty Capsules Market Research Report 2018-2023: Market is Projected to Reach USD 2.79 Billion by 2023 from USD 1.95 Billion in 2018
DUBLIN, Nov 1, 2018 /PRNewswire/ --
The "Empty Capsules Market by Type, Functionality, Application, End User - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global empty capsules market is projected to reach USD 2.79 billion by 2023 from USD 1.95 billion in 2018, at a CAGR of 7.4%
The growing adoption of capsule formulations among the growing geriatric population, growth of the pharmaceutical market along with the increasing R&D activities & clinical trials, and advancements in capsule delivery technologies are some of the major factors driving the growth of the market. Emerging markets (due to their low manufacturing costs) are expected to present significant opportunities for market players.
Other areas of opportunity are the development of halal gelatin capsules and the rising focus on sports nutrition. However, cultural practices and dietary restrictions along with price fluctuations of raw materials are expected to challenge the growth of the market to a certain extent during the forecast period.
The report analyzes the global market by type, functionality, application, end user, and region. By type, the gelatin capsules segment accounted for the largest share of the market in 2017. The various advantages associated with gelatin capsules, such as rapid drug release, uniform mixing of drugs, and a barrier to atmospheric oxygen (preventing oxidation of drug molecules), make them a preferred choice for manufacturing capsule shells.
Based on functionality, the immediate-release capsules segment accounted for the largest share of the market in 2017. The large share of this segment can be attributed to the widespread use of these capsules for the manufacture of antibiotics, antibacterials, antacids, painkillers, inhalators, cold and cough drugs, and dietary supplements. Also, immediate-release capsules are the most commonly prescribed capsules to treat a wide range of diseases and disorders.
Based on application, the dietary supplements segment is expected to register the highest CAGR during the forecast period. Factors such as increased health awareness and rising affordability in emerging countries (such as India, China, and Brazil), increasing prevalence of lifestyle diseases, and increasing use of vitamin capsules due to their availability as over-the-counter (OTC) drugs are contributing to the growth of this segment.
On the basis of end user, the pharmaceutical industry segment accounted for the largest share of the market in 2017. The demand for empty capsules in the pharmaceutical industry is largely driven by the increasing number of drugs launched as capsule formulations and growing prevalence of diseases for which capsule-based formulations form the primary treatment. The rising demand for innovative drug delivery formulations is also supporting the growth of the market for the pharmaceutical industry.
Empty Capsules Market
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest market share, followed by Europe and the Asia Pacific. This can be attributed to the presence of major capsule manufacturers and pharmaceutical giants in the region. The growing emphasis on superior nutraceutical and cosmetic products has also increased the demand for empty capsules in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Empty Capsules: Market Overview
4.2 Market: Geographic Growth Opportunities
4.3 Regional Mix: Market (2018-2023)
4.4 Market: Developed vs Developing Markets, 2018 vs 2023
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Growing Geriatric Population
5.2.1.2 Growth of the Pharmaceutical Market, Along With Increasing R&D Activities and Clinical Trials
5.2.1.3 Advancements in Capsule Delivery Technologies
5.2.2 Market Restraints
5.2.2.1 Cultural Practices and Dietary Restrictions
5.2.3 Market Opportunities
5.2.3.1 Emerging Countries
5.2.3.2 Development of Halal Gelatin Capsules
5.2.3.3 Rising Focus on Sports Nutrition
5.2.4 Market Challenges
5.2.4.1 Rising Prices and Lower Availability of Raw Materials in the Gelatin Industry
6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Rising Demand for Empty Capsules in the Nutraceutical & Cosmetic Industries
6.2.2 Growing Demand & Adoption of Vegetarian Capsules
6.2.3 Increasing Collaborations Among Empty Capsule Manufacturers
6.3 Pharmaceutical Gelatin Market
6.4 Pricing Analysis
6.5 Regulatory Analysis
7 Empty Capsules Market, By Type
7.1 Introduction
7.2 Gelatin Capsules
7.2.1 Pig Meat Gelatin
7.2.2 Bovine-Derived Gelatin
7.2.3 Bone Meal
7.2.4 Other Gelatin Sources
7.3 Non-Gelatin Capsules
7.3.1 Hydroxypropyl Methylcellulose (HPMC)
7.3.2 Pullulan & Starch Material
8 Empty Capsules Market, By Functionality
8.1 Introduction
8.2 Immediate-Release Capsules
8.3 Sustained-Release Capsules
8.4 Delayed-Release Capsules
9 Empty Capsules Market, By Application
9.1 Introduction
9.2 Antibiotic & Antibacterial Drugs
9.3 Dietary Supplements
9.4 Antacid & Antiflatulent Preparations
9.5 Antianemic Preparations
9.6 Anti-Inflammatory Drugs
9.7 Cardiovascular Therapy Drugs
9.8 Cough & Cold Drugs
9.9 Other Applications
10 Empty Capsules Market, By End User
10.1 Introduction
10.2 Pharmaceutical Industry
10.3 Nutraceutical Industry
10.4 Cosmetic Industry
10.5 Research Laboratories
11 Empty Capsules Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Latin America
11.6 Middle East & Africa
12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
12.3 Competitive Situation and Trends
12.3.1 Product Launches
12.3.2 Expansions
12.3.3 Acquisitions
12.3.4 Other Strategies
13 Company Profiles
13.1 Capsugel
13.2 Acg Worldwide
13.3 Qualicaps
13.4 Suheung Co., Ltd.
13.5 Capscanada Corporation
13.6 Qingdao Yiqing Medicinal Capsules Co., Ltd.
13.7 Shanxi Guangsheng Medicinal Capsules Co., Ltd.
13.8 Healthcaps India Ltd.
13.9 Snail Pharma Industry Co. Ltd.
13.10 Roxlor
13.11 Sunil Healthcare Ltd.
13.12 Medi-Caps Ltd.
13.13 Nectar Lifesciences Ltd.
13.14 Natural Capsules Limited
13.15 Bright Pharma Caps Inc.
For more information about this report visit https://www.researchandmarkets.com/research/cj7jkr/global_empty?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article