Capsule Filling Machine Market to Garner USD 290.92 million, Globally, by 2028 at 4.7% CAGR: The Insight Partners

The capsule filling machine market is projected to reach US$ 290.92 million by 2028 from US$ 211.32 million in 2021; it is expected to grow at a CAGR of 4.7% during 2021 to 2028.

The report highlights trends prevailing in the market and factors driving its growth. The growth of the market is attributed to the advancement in capsule filling machine and the rising prevalence of chronic diseases. However, the high cost incurred in capsule filling machine production hampers the market growth.

Capsule filling machines, also known as encapsulation machines, are mechanical devices extensively employed in pharmaceutical and industrial purposes. These machines fill empty soft or hard gelatin capsules of various sizes with powders, granules, semi-solids, or liquids carrying active pharmaceutical ingredients or a combination of active pharmaceutical ingredients and excipients. The machines are utilized in a wide range of industries, such as chemical, pharmaceutical, animal feed, and food & beverages. For various types of capsule fillers, there are around 1,600 installations globally.

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Market Insights
Growing Prevalence of Chronic Diseases Drives Capsule Filling Machine Market
The increasing prevalence of chronic diseases, such as cardiovascular diseases (CVDs), cancer, diabetes, stroke, and kidney disease, has raised the demand for capsule filling machines to facilitate the medicinal capsule production. According to the WHO, cardiovascular diseases are the leading cause of death worldwide, killing 17.9 million people every year. Additionally, the rising prevalence of diabetes has increased need for medicinal capsules, driving the increased demand for capsule filling machines. According to the International Diabetes Federation's ninth edition of the Diabetes Atlas, about 463 million adults (aged 20-79 years) were suffering from diabetes in 2019, with the figure anticipated to reach 700 million by 2045. The increasing prevalence of cancer is boosting the demand for capsule filling machines as well. As per the WHO, cancer has been the second biggest cause of death worldwide, accounting for 9.6 million deaths in 2018. The surge in the cases of chronic renal diseases, worldwide, has also increased the need for daily drugs, which is reflected on the market's growth. The National Institute of Diabetes and Digestive and Kidney Diseases stated in a report that over 661,000 Americans suffered from kidney failure in 2018, with 468,000 requiring dialysis and daily drugs. As a result of the rising frequency of chronic diseases and infections, pharmaceuticals products are registering a rapid increase in their demand, underscoring the importance of capsule filling machines.

Type-Based Insights
The capsule filling machine market, by type, is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines. The fully automatic capsule filling machines segment held the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR in the market during the forecast period.

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

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Capsule Filling Machine Market: Competitive Landscape and Key Developments
ACG; Capsugel, Inc (A subsidiary of Lonza Group AG); Schaefer Technologies; Syntegon Technology GmbH; Torpac Inc.; Zhejiang Fuchang Machinery Co., Ltd; Beijing Hanlin Hangyu Technology Development Inc.; M2G S.r.l; and I.M.A. Industria Macchine Automatiche S.p.A. are among the leading companies operating in the capsule filling machine market.

Based on type, the capsule filling machine market is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines. The fully automatic capsule filling machines segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period. The market growth for this segment is attributed to the various advantages provided by fully automatic capsule filling machine, such as high production speeds, reliability and consistency, and upgradable machinery.

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About US
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defence, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

This release was published on openPR.