Empty Capsules Market provides in-depth analyses along with the current trends and future growth

The world industry for Empty Capsules Market was estimated at $ 1,841.5 million in 2017 and is expected to reach $ 375.5 million by 2025, with an average annual growth rate of 9.1% from 2018 to 2025. Among the raw materials, the pork sector accounts for one-third of the entire market in 2017

Capsules are the second most common form of dosage for oral administration of the drug after purification. These are mainly used in nutraceutical and pharmaceutical fields. Reducing the timeline of drug development under standard conditions has been a key factor in promoting the production of drugs delivered in capsule form among pharmaceutical and health functional food manufacturers. This strategy also enables pharmaceutical manufacturers to shorten the time required to bring drugs to market. Other benefits include protecting the drug substance from a variety of external factors such as natural light or artificial light during production, storage, management and use. In addition, capsules act as effective shields to prevent degraded drugs from decomposing.

Depending on the product, the global empty capsule market is classified as gelatin capsules and non-gelatin capsules. Gelatin capsules are further divided 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 was the standard choice of raw materials for the development of hard shell capsules that can efficiently contain active pharmaceutical ingredients (API).

Non-gelatin capsules, on the other hand, are expected to grow at the fastest pace from 2018 to 2025. The growing demand for HPMC (hydroxypropyl methylcellulose) capsules is a major contributor to the strong CAGR of non-gelatin capsules worldwide. In addition, major changes in consumer behavior have been observed with the use of vegetarian capsules in recent years.

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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
• 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.

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.

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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 2018 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 2018 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.

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