According to the latest report by IMARC Group, titled “Global Empty Capsules Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global empty capsules market reached a value of US$ 2.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.14 Billion by 2027 exhibiting a CAGR of 7.60% during 2022-2027.
Empty capsules are solid medicine shells that consist of a combination of drugs. They are administered to the patient’s body in the form of granules and pellets as they are easier to swallow as compared to tablets. Empty capsules are prepared from gelatin and non-gelatin materials such as pullulan, HPMS, and starch. The gelatin capsules are manufactured from pig, beef, and chicken connective tissues, whereas non-gelatin capsules are made from a mixture of starch and hydroxypropyl methylcellulose (HPMC). Consequently, they find application in the pharmaceutical, therapeutic, and healthcare industries.
Base Year: 2021
Forecast Year: 2022-2027
Empty Capsules Market Trends and Drivers:
The global empty capsules market is primarily driven by the increasing adoption of capsule-in-capsule technology that ensures gastrointestinal safety in patients. The significant growth of the pharmaceutical industry, along with the rising number of clinical trial studies and the growing geriatric population, are fueling the market growth.
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In addition, the growing prevalence of non-communicable diseases like cancer, diabetes, heart ailments, and lung disorders are facilitating the demand for nutraceuticals, thereby escalating the product demand.
Furthermore, the extensive research and development (R&D) activities for manufacturing therapeutic products and easy access to advanced treatment options are also expected to create a positive impact on the market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Empty Capsules Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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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The report has segmented the market on the basis of region, type, raw material, functionality, therapeutic application and end user.
Breakup by Type:
- Gelatin Capsule
- Non-gelatin Capsule
Breakup by Raw Material:
- Pig Meat
- Bovine Meat
- Hydroxypropyl Methylcellulose (HPMC)
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
Breakup by End User:
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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