Press release
Enteric Soft Gel Capsules Market To Earn Us$ 210.3 Mn By The End 2027
Enteric Soft Gel Capsules Market: IntroductionTransparency Market Research has published a new report titled, "Enteric soft gel capsules market". According to the report, the global enteric soft gel capsules market was valued at US$ 210.3 Mn in 2018. It is projected to expand at a CAGR of ~7% from 2019 to 2027.
In terms of application, the antibiotic & antibacterial drugs segment held major share of the global enteric soft gel capsules market in 2018. The segment is anticipated to dominate the global market during the forecast period. Adoption of preventive care measures among the population is estimated to drive the segment during the forecast period. Additionally, increase in investment by key players in the vitamins & dietary supplements and favorable trade policies for import and export of dietary supplements are anticipated to propel the vitamin & dietary supplements segment during the forecast period.
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In terms of end user, the pharmaceutical industry segment is anticipated to expand at a rapid pace during the forecast period due to expansion of the pharmaceutical industry and increase in applications of capsules in different indications. Pharmaceuticals represent the largest end user of enteric capsules (soft capsule). Constant development in the pharmaceutical industry and frequent outbreaks of chronic diseases globally are key factors boosting the enteric soft gel capsules market. According to the statistics provided by the European Federation of Pharmaceutical Industries and Associations (EFPIA), total production of pharmaceutical and biotechnological products in Europe was valued at US$ 266.5 Bn in 2012, an increase of ~67% since 2000.
Enteric Soft Gel Capsules Market: Prominent Regions
North America held second largest share of the global enteric soft gel capsules market in 2018. The enteric soft gel capsules market in the region is driven by the presence of key players, large number of research activities, and highly structured health care industry. A report published by the International Federation of Pharmaceutical Manufacturers & Associations indicated that R&D and plant investments by pharmaceutical companies in the U.S. have been increasing consistently in the last 15 years, and more than doubled the publicly funded National Institutes of Health's (NIH) expenditure in 2014.
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Europe held the second-largest share of the global enteric soft gel capsules market in 2018. Expansion of the enteric soft gel capsules market in the region can be attributed to increase in investments by key players in pharmaceuticals and life sciences industries, and government intervention in the field of environmental control and food safety.
Asia Pacific accounted for a significant share of the global enteric soft gel capsules market in 2018. The market in the region is expected to expand at a rapid pace during the forecast period. Increase in investments by key players in manufacturing of drugs and expansion of the nutraceutical industry are likely to drive the enteric soft gel capsules market in Asia Pacific.
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Emerging economy, government funding for research, improving healthcare infrastructure, and rise in presence of major global players in countries such as China and India are likely to propel the enteric soft gel capsules market at a significant growth rate in the region during the forecast period.
Keyplayers -
ACG Worldwide
Capsugel
HealthCaps India Ltd
Natural Capsules Limited
Related Reports -
Dry Eye Disease Treatment Market - https://www.accesswire.com/719840/Dry-Eye-Disease-Treatment-Market-to-Exceed-US-87-Bn-by-2030-TMR-Study
Surgical Retractors Market - https://www.prnewswire.com/news-releases/surgical-retractors-market-to-reach-us3-1-bn-by-2030-tmr-report-301644437.html
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Transparency Market Research Inc.
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About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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