In Depth Analysis of Empty Capsules Market to Witness a Pronounce Growth During 2017-2025
According to a new report
published by KD Market Insights, titled, Empty Capsules Market by
Product, Raw Material, Therapeutic Application, and End User: Global
Opportunity Analysis and Industry Forecast, 20172025, the global empty capsules
market was valued at $1,841.5 million in 2017 and is projected to reach
$3,707.5 million by 2025 growing at a CAGR of 9.1% from 2017
to 2025. Among raw materials, the pig meat segment accounted for three-sevenths
share of the total market in 2017.
Capsules are the second
most common form of dosage for the oral administration of drugs after tablets.
These are largely used in the nutraceutical and pharmaceutical sectors.
Reduction in the timelines of drug development under standard conditions has
been the key factor driving the production of drugs delivered in the form of
capsules among pharmaceutical and nutraceutical manufacturers. In addition,
this strategy enables pharmaceutical manufacturers to reduce the time required
to introduce the drug in the market. The other advantage includes protection of
a drug substance from various external factors, such as natural or artificial
light during production, storage, administration, and use. Furthermore,
capsules act as an efficient shield, which prevents the enclosed drugs from
decomposition.
Based on the product, the
global empty capsules market is classified into gelatin capsules and non-gelatin
capsules. Gelatin capsules are further bifurcated into hard gelatin capsules
(HGCs) and soft gelatin capsules (SGCs). The gelatin segment dominated the
global market in 2017 and is expected to maintain this trend throughout the
forecast period. Gelatin has been the standard choice of raw material for the
development of hard shell capsules that can efficiently hold active
pharmaceutical ingredients (APIs). Whereas, the non-gelatin capsules segment
are expected to grow at the fastest pace from 2017 to 2025. An increase in
demand for hydroxypropyl methylcellulose (HPMC) capsules is the major
contributor to the robust CAGR of the non-gelatin capsules segment in the
global market. Furthermore, a major shift in consumer behavior has been
observed toward the use of vegetarian capsules in the recent years.
Based on therapeutic
application, the market is divided into antibiotic & antibacterial drugs,
vitamin & dietary supplements, antacids & anti-flatulent preparations,
cardiac therapy drugs, and other applications. The antibiotic &
antibacterial drugs segment dominated the global market in 2017 and is
anticipated to continue this dominance throughout the forecast period. However,
the vitamin & dietary supplements segment is expected to grow at the fastest
pace throughout the forecast period. Consumption of antibiotics has
considerably increased in the recent years. Increasing consumption of
antibiotics, either prescription or over-the-counter, has resulted in incessant
use of antibiotics for the treatment of ailments across the globe.
Key Findings of the
Empty Capsules Market :
- The CIS (Commonwealth of
Independent States) region accounted for one-ninth share of the global market
in 2017.
- The market for cardiac therapy drugs utilizing empty capsules are expected to grow at the second-highest CAGR of 10.4% from 2017 to 2025.
- North America dominated the global empty capsules market, accounting for the maximum share in 2017 and is expected to retain a similar trend during the forecast period.
- Hydroxypropyl methylcellulose (HPMC) capsules raw material is growing at the fastest pace during the forecast period.
- The SGCs segment is estimated to grow at the highest CAGR of 8.1% from 2017 to 2025.
- The market for cardiac therapy drugs utilizing empty capsules are expected to grow at the second-highest CAGR of 10.4% from 2017 to 2025.
- North America dominated the global empty capsules market, accounting for the maximum share in 2017 and is expected to retain a similar trend during the forecast period.
- Hydroxypropyl methylcellulose (HPMC) capsules raw material is growing at the fastest pace during the forecast period.
- The SGCs segment is estimated to grow at the highest CAGR of 8.1% from 2017 to 2025.
The Asia-Pacific region is
expected to witness the highest growth rate throughout the forecast period,
owing to its high population base, increase in disposable incomes, improvement
in patient awareness toward chronic disorders, and adoption of a healthy
lifestyle. In addition, countries, such as India and China, serve as major
contributors to the growth of the Asia-Pacific empty capsules market, owing to
the continuously evolving pharmaceutical industry in these countries.
The major companies
profiled in this report include ACG Worldwide, Bright Pharma Caps Inc.,
CapsCanada Corporation, Lonza Group Ltd. (Capsugel), Medi-Caps Ltd., Mitsubishi
Chemical Holdings Corporation (Qualicaps, Inc.), Roxlor LLC, Snail Pharma
Industry Co. Ltd, Suheung Co., Ltd, and Sunil Healthcare Ltd. The other
prominent players in the value chain include Patheon Ltd., Nectar Lifesciences
Ltd., JC Biological Technologies, Natural Capsules Ltd., Zhejiang Huili
Capsules Co., Ltd., Healthcaps India Limited, HTC Group Limited, and Nanjing
Saturn Pharmaceutical Technology Co., Ltd.
About Us:
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