In 2020, global pharmaceutical empty capsules market was valued at US$ 1,972.1 Mn and expected to grow significantly at a CAGR of 6.4% over the forecast period
Reports and Insights has published a new report titled, “Pharmaceutical Empty Capsules Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Pharmaceutical Empty Capsules Market, By Product Type (Oral Capsules (Dry Formulation, Liquid Formulation), Inhalational Capsules), By Raw Material (Animal Source (Contract Type-A (Pork Skin, Type-B Gelatin (Animal Bones & Calf Skin), Fish Bone Gelatin), Vegetarian-Based (HydroxyPropyl Methyl Cellulose (HPMC), Starch, Pullulan), By Functionality (Immediate-release Capsules, Delayed-release Capsules, Acid-resistant Capsules, Colonic Release Capsules, Intrinsic Enteric Capsule), By Application (Proton Pump Inhibitor, Antibiotic & Antibacterial Drugs, Antianemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough & Cold Drug Preparations, Other Therapeutic Applications), By Capsule Sizes (Size "000" Capsules, Size "00" Capsules, Size "0" Capsules, Size "1" Capsules, Size "2" Capsules, Size "3" Capsules, Size "4" Capsules, Size "5" Capsules, Size "9" Capsules) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
In 2019, the global pharmaceutical empty capsules market was valued at US$ 1,861.3 Mn and is estimated to reach at a value of US$ 1,972.1 Mn by the end of 2020, with a growth rate of 6.0%.
Empty capsules, stable cartridges or shells that have the capacity to contain or encapsulate medications, are the most common option to store herbs, powders and medicines, as well as the second most commonly used drug delivery dosage form, following closely the tablets. In the present times, empty capsules are available in different types, colors, sizes as well as flavors to fulfil any kind of requirements.
The expeditious rate of chronic diseases among the population, and growing count of elderly population all around the world are a couple of major factors that are primarily boosting the demand for empty capsules across the global markets. The growing number of chronic illnesses around the globe is also rapidly elevating the number of clinical trials which is ultimately thrusting the market growth of pharmaceutical empty capsules.
Moreover, there has been a high demand of dietary supplements and nutraceuticals in the global market, owing to the fact that end-consumers have turned more mindful about their daily diet and their well-being. In addition to that, there has been a growing trend of flavor capsules which is much appealing in the pediatric forte as children are more likely to reject the basic capsules due to its color, taste, or smell. Attributing to which, the global pharmaceutical empty capsules market is estimated to witness significant growth in the coming years.
Reports and Insights Study identifies some of the key participating players in the Pharmaceutical Empty Capsules market globally are Capsugel (Lonza), ACG Worldwide, Medi-Caps Limited, Sunil Healthcare Limited, Roxlor LLC, CapsCanada Corporation, Suheung Co., Ltd., Bright Pharma Caps, STERIS Plc, Fuji Capsule Co. Ltd., and QUALICAPS, among others.
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