Increasing Demand for Empty Capsule Market to Push Global Market Revenue Growth During 2020– 2027
Market Analysis
The global empty capsule market is predicted to
have a promising growth at a striking 8.8%
CAGR over the forecast period (2018-2023). Capsules provide a viable
substitute to tablets especially for its wide availability and easy
administration. A capsule is a stable shell which is utilized to encapsulate
active ingredients that are formulations possessing therapeutic activity. It is
widely used in pharmaceutical industries especially when it is difficult to
compress a drug in a solid tablet. An empty capsule is an oral dosage which
resting on the manufacturing material type is available in assorted colors and
sizes such as flavored capsules and pearl capsules. Capsules are available in
different types such as rectal capsules, enteric coated capsules, sustained
release capsules, hard gelatin capsules and soft gelatin capsules. Hard and
soft capsules are the commonly used empty capsules. An empty capsule comes in
assorted sizes that helps in customization and dose calibration as per the
needs of the individual. Capsules are highly favored as it is easy to swallow, have
an odorless and tasteless gelatin coating that makes it palatable, causes
decreased gastrointestinal irritation and have quicker dissolution times
compared to other forms of oral dosage.
There are many
factors that is driving the growth of the empty capsule
market. Some
of these factors as per the Market Research Future (MRFR) report include increasing
use of capsule formulations amid the geriatric population, rising research and
development activities and clinical trials, advancements in the capsule delivery
technology, growth of pharmaceutical market, easy digestibility, easy to
consume, ease of availability, rising consumer preference for capsules over
tablets and surge for nutraceutical products. On the contrary, factors such as
constricted regulatory guidelines laid down by the international and national
regulatory authorities, lack of advanced medicinal facilities especially in
under-developed nations, high initial investment, scarcity of skilled
healthcare experts, prerequisite R&D, increasing raw material prices,
religious and cultural issues associated to capsule consumption having
animal-derived ingredients such as bovine and porcine gelatin capsule shells
may hinder the growth of the empty capsule market.
Market Segmentation
Market Research Future report offers
an all-inclusive segmental analysis of the empty
capsule market on the basis of raw materials, physical characteristics,
certification and end user.
Based on raw materials, it is
segmented into non-gelatin, porcine and bovine.
Based on physical characteristics, the
empty
capsule market is segmented into soft and hard capsules. Of these, soft
capsules will have the largest market share over the forecast period.
Based on certification, it is
segmented into non-halal certification, halal certification and others. Of
these, halal certification will lead the empty
capsule market.
Based on end-user,
the empty capsule market is segmented into academic and research organizations,
pharmaceutical industries and others. Of these, the pharmaceutical industries are
anticipated to have the largest share in the market.
Regional Analysis
Based on region, the empty capsule market covers growth
opportunities and latest trends across North America, Europe, Asia Pacific and
the Middle East and Africa. Of these, North America is anticipated to grab the
largest share in the market due to high healthcare expenditure, well-developed
technology and huge patient population. The empty
capsule market in Asia Pacific will have the second biggest share followed by
Europe. The market in the APAC region is the fastest growing due to the quickly
changing healthcare sector. On the other hand, the empty capsule market in the
Middle East and Africa will have minimum share due to the existence of slow and
poor developing countries particularly in the African region. The market in the
Middle East will have a major share owing to high spending and well-developed
infrastructure.
Browse
Complete Report @ https://www.marketresearchfuture.com/reports/empty-capsule-market-7153
Key Players
Leading players
profiled in the empty capsule market include Arab Caps, Sunil
Healthcare Limited, NecLife, ACDIMA, Capsugel, Medi-Caps Ltd, ACG-Associated
Capsules, QUALICAPS, Roxlor, Julphar, Tabuk Pharmaceuticals, Neopharma and others.
Dec 2018- Aurora Cannabis Inc. has
lately announced the market launch of its much-awaited cannabis softgel
capsules. Available in four different varieties- Aurora Indica Softgels, THC
Aurora Sativa Softgels, Aurora CBD Softgels and Aurora Liquid Gels, Aurora
intends in making the high-margin, high-volume, smoke-free product accessible
to all international and domestic target markets where legally possible.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
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