Empty Capsules Market | Ongoing Trends and Recent Developments | Major Key Players like Capsugel (US), ACG Worldwide (India), and Qualicaps (Japan)

The major factors driving the growth of this market include the growing adoption of capsule formulations among the growing geriatric population, growth of the pharmaceutical market along with the increasing R&D activities & clinical trials, and advancements in capsule delivery technologies.

What the Empty Capsules Market Looks Like?

Predicted to grow at a CAGR of 7.4% during the forecast period, the global Empty Capsules Market is estimated to reach USD 2.79 billion by the end of 2023. North America to Dominate the market in 2018.

Based on functionality, the Empty Capsules Market has been segmented into immediate-release, sustained-release, and delayed-release capsules. The immediate-release capsules accounted for the largest share of the market and are also expected to register the highest CAGR during the forecast period. This is because immediate-release capsules are widely used for the manufacture of antibiotics, antibacterials, antacids, painkillers, inhalators, cold and cough drug preparations, and dietary supplements. Also, immediate-release capsules are the most commonly prescribed capsules to treat a wide range of diseases and disorders.

Based on applications, the Empty Capsules Market is segmented into antibiotic & antibacterial drugs, dietary supplements, antacid & antiflatulent preparations, antianemic preparations (hematinic), anti-inflammatory drugs, cardiovascular therapy drugs, cough & cold drugs, and other applications. The dietary supplements segment will grow at the highest CAGR during 2016-2023. Factors such as increased health awareness and rising affordability in emerging countries (such as India, China, and Brazil), increasing prevalence of lifestyle diseases and increasing the use of vitamin capsules due to their availability as over the counter (OTC) drugs are contributing to the growth of this segment.

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What Drives the Empty Capsules Market?

The growth of the global market for Empty Capsules is primarily influenced by the following factors:

• Growing Geriatric Population
• Growth of the Pharmaceutical Market, Along with Increasing R&D Activities and Clinical Trials
• Advancements in Capsule Delivery Technologies

Geographical growth scenario of Empty Capsules Market:

North America is expected to account for the largest share of the Empty Capsules Market in 2018, followed by Europe and the Asia Pacific. The large share of North America can be attributed to the presence of major capsule manufacturers along with the presence of a number of pharmaceutical giants with large production capacities and the growing emphasis on superior pharmaceutical products and generics.

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Leading market players and strategies adopted:

The prominent players in the Empty Capsules Market include Capsugel (US), ACG Worldwide (India), and Qualicaps (Japan). Some of the other key players in this market are Suheung Co. Ltd. (Korea), CapsCanada Corporation (Canada), Qingdao Yiqing Medicinal Capsules Co., Ltd. (China), Shanxi Guangsheng Medicinal Capsules Co., Ltd (China), Healthcaps India Ltd. (India), Snail Pharma Industry Co. Ltd. (China), Roxlor (US), Sunil Healthcare Ltd. (India), Medi-Caps Ltd. (India), Nectar Lifesciences Ltd. (India), Natural Capsules Ltd. (India), and Bright Pharma Caps Inc. (US).

In 2017, Capsugel (US), ACG Worldwide (India), and Qualicaps Co., Ltd. (Japan) dominated the Empty Capsules Market. These players together accounted for 78% of the global market.

Capsugel (US) dominated the Empty Capsules Market in 2017. The company’s leading position in the market can be attributed to its diversified product offerings for the pharmaceutical and nutraceutical industry. Capsugel offers a comprehensive portfolio of empty capsules ranging from gelatin, vegetarian, filled hard, functional, inhalation, HPMC, gelatin, alternate polymer, specialized clinical, and enteric capsules. Its services include dosage form development, abuse deterrent dosage form development, colonic dosage form development support, pre-clinical & clinical support, and regulatory assistance.

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