Empty Capsules Market Along with Covid-19 Impact Analysis and Clinical Review Outlook – 2030

The global empty capsules market size was valued to USD 2.20 billion in 2019, and is predicted to garner USD 4.90 billion by 2030, witnessing a CAGR of 7.50% from 2020-2030

Capsules are encapsulated medicines with administered dosage embedded into relatively stable shells, that can be consumed orally or as suppositories. Empty capsules are of two types, gelatin-based and non-gelatin-based. The drug to be embedded into the capsule shell matrix may be in powdered form, liquid form, granule form or in solubilized, suspended or chemically bound form. Intake of these capsules can be prescribed or non-prescribed medications.

The drugs used by an individual in a lifetime increases almost linearly with age. In addition, these capsules are been highly preferred by people due to the ease of consumption and their availability at medical stores.

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Top Companies: CapsCanada Corporation, Lonza Group Ltd., Medi-Caps Ltd., Snail Pharma Industry Co. Ltd, Suheung Co., Ltd, ACG Worldwide, Mitsubishi Chemical Holdings Corporation, Roxlor LLC, Sunil Healthcare Ltd., Bright Pharma Caps Inc.

Market Dynamics and Trends

The global empty capsules market is booming, due to factors such as increasing popularity of capsules over other drug delivery modes, soaring demand of these capsules in the pharmaceutical and nutraceutical industries, as well as growing investments by key manufacturers in the untapped market of emerging economies.

Furthermore, growing geriatric population world-wide, increasing consumption of theses capsules with age, and a number of benefits offered by these capsules such as quicker absorption rates, fast disintegrating nature as well as tasteless and odorless coatings; are expected to propel the growth of the global empty capsules market, throughout the forecast period.

However, increasing gelatin prices, lower availability of raw materials, ethical concerns regarding consumption of animal-derived inactive materials, and stringent regulatory standards in pharmaceutical industry, limits the growth of empty capsules market.

Moreover, increasing R&D activities and clinical trials, as well as higher inclination towards health & fitness-oriented lifestyles, are paving the way for several lucrative opportunities in the global empty capsules market, in coming future.

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Market Segmentations and Scope of the Study:

The empty capsules market share has been analyzed based on product, raw material, therapeutic application, end user, and geography.
Based on type of product, the empty capsules market is segmented into gelatin capsule and non-gelatin capsule. Based on raw material, the empty capsules market covers pig meat, bovine meat, bone, HPMC, and other. Based on therapeutic application, the empty capsules market is classified into antibiotic & antibacterial drug, vitamin & dietary supplement, antacids & anti-flatulent preparation, cardiac therapy drug, and other. Based on end user, the empty capsules market is divided into pharmaceutical, nutraceutical, and other. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is anticipated to hold the highest empty capsules market share during the forecast period owing to preference for capsule-based nutraceutical formulations, health-focused trends, high consumer awareness, and technological advancements.
It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size in the global empty capsules market, owing to growth of pharmaceutical industries, increasing government initiatives to improve healthcare infrastructures, changing trend towards fitness-oriented lifestyles, and rising geriatric population.

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