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Empty Capsules Market Report (2023-2032)- Growth Analysis, Future Outlook, Competitive Landscape And Top Key Players | ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., Bright Pharma Caps Inc
Empty Capsules Market
The Business Research Company's Template Global Market Report 2023 An increase in the prevalence of chronic diseases as the major driver for the Empty Capsules Market's growth in the forecast period. Chronic disease often lasts for three months or longer and may worsen with time. The most prevalent chronic diseases are cancer, heart disease, stroke, diabetes, and arthritis. Empty capsules are used to deliver a variety of drugs without changing their formulation; these capsules are designed to ensure proper drug delivery without interfering with any drug formulation.
The global empty capsules market size is expected to grow from $2.71 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The empty capsules market is expected to grow to $4.15 billion in 2027 at a CAGR of 8.9%.
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Major competitors in the empty capsules market are ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., Bright Pharma Caps Inc., Suheung Co., Ltd., Roxlor L.C., Lonza Group AG, Capsugel, Goerlich Pharma GmbH, Qualicaps Inc., Comed Chemicals Limited, Wuhan Carma Technology Co., Ltd., Nectar Lifesciences Ltd., and Erawat Pharma Limited.
A key trend in the Empty Capsules Market includes Product innovations. Major companies operating in empty capsules are developing new products to strengthen their position in the market. For example, in October 2021, CapsCanada, a Canada-based pharmaceutical company that develops empty capsules launched a new liquid-filled hard capsule manufacturing service. This aims for the development of full-scale production, which is less complex and capital-intensive than manufacturing soft gels, with filling equipment available at all scales, from benchtop to production.
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The Empty Capsules Market is segmented -
By Type: Gelatin Capsules, Non-Gelatin Capsules
By Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules
By Application: Antibiotic and Antibacterial Drugs, Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Drug Preparations, Other Therapeutic Applications
By End-User: Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Empty Capsules Market.
The Business Research Company's "Global Empty Capsules Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Empty Capsules Market Include:
1. Executive Summary
2. Empty Capsules Market Characteristics
3. Empty Capsules Market Trends And Strategies
4. Empty Capsules Market - Macro Economic Scenario
5. Empty Capsules Market Size And Growth
……
26. Africa Empty Capsules Market
27. Empty Capsules Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Empty Capsules Market
29. Empty Capsules Market Future Outlook and Potential Analysis
30. Appendix
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