IMARC Group, a leading market research company, has recently releases report titled “Empty Capsules Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global empty capsules market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Empty Capsules Market?
The global empty capsules market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
What are Empty Capsules?
Empty capsules are two-piece shells made from gelatin or by the hydrolysis of collagen from animal origin or cellulose base. They comprise a wide variety of filling materials, such as dry powder, semisolids, non-aqueous liquids, beads, and mini tablets. They serve as the container for the drug, which can be present in a solubilized, suspended, or chemically bound form in the shell matrix. They possess higher drug absorption capabilities and cannot be tampered with or crushed like tablets. They also tend to break down spontaneously in the body and get absorbed quickly. Furthermore, they have better taste masking capabilities and can be swallowed effortlessly as compared to tablets.
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What are the growth prospects and trends in the Empty Capsules Industry?
At present, the increasing demand for empty capsules, as they show a better stability profile and possess a higher bioavailability, represents one of the primary factors influencing the market positively.
Besides this, the rising occurrence of various chronic diseases, such as diabetes, thyroiditis, and cardiovascular complications in individuals due to the adoption of unhealthy lifestyle habits, along with the growing geriatric population around the world, is offering a favorable market outlook.
In addition, governing agencies of various countries are investing in research and development (RD) activities to develop novel drugs for the treatment of cancer and other life-threatening complications. Apart from this, the increasing awareness about the benefits of consuming healthcare supplements is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Gelatin Capsule
- Non-gelatin Capsule
Breakup by Raw Material:
- Pig Meat
- Bovine Meat
- Bone
- Hydroxypropyl Methylcellulose (HPMC)
- Others
Breakup by Functionality:
- Immediate-release Capsules
- Sustained-release Capsules
- Delayed-release Capsules
Breakup by Therapeutic Application:
- Antibiotic and Antibacterial Drugs
- Vitamins and Dietary Supplements
- Antacid and Antiflatulent Preparations
- Cardiovascular Therapy Drugs
- Others
Breakup by End User:
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ACG Associated Capsules Pvt. Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, HealthCaps India Limited, Lonza Group AG, Medicaps Limited, Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation), Nectar Lifesciences Limited, Roxlor LLC, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Snail Pharma Industry Co. Ltd, Suheung Co. Ltd and Sunil Healthcare Limited.
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