Press release
Unveiling Growth Trajectories: Liquid Filled Hard Capsules Market Analysis (2022-2031)
Liquid Filled Hard Capsules
In 2021, the global liquid filled hard capsules market witnessed robust growth, reaching a valuation of US$ 2.3 billion. The market is poised for further expansion, projected to grow at a significant CAGR of 7.8% during the forecast period, surpassing US$ 4 billion by 2031. This section provides a snapshot of market size, growth rate, and historical data analysis, laying the groundwork for deeper exploration.
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Analysts' Viewpoint on Liquid Filled Hard Capsules Market Scenario
Companies in the liquid filled hard capsules market are actively pursuing strategies such as acquisitions, mergers, and portfolio expansions to capitalize on emerging opportunities. The nutraceutical industry's surge in demand for dietary supplements, coupled with advancements in capsule technology, presents lucrative avenues for market stakeholders.
Overview of Liquid Filled Hard Capsules
Liquid filled hard capsules represent an advanced dosage form technology, offering versatile solutions for pharmaceutical and nutraceutical applications. With variations in materials and formulations, these capsules cater to diverse needs such as multi-particulate, paste, semi-solid, and liquid applications. The COVID-19 pandemic has further accelerated the demand for liquid filled hard capsules, highlighting their importance in drug delivery systems.
Rise in Commercialization of Gelatin Capsule-based Drug Delivery Systems
Gelatin capsules, particularly those derived from bovine, porcine, and marine sources, are gaining traction in the market due to their superior solubilizing properties and enhanced absorption rates. Pharmaceutical manufacturers are leveraging gelatin-based capsules for immediate-release (IR), extended-release (ER), and delayed-release (DR) formulations, leading to improved efficacy and patient compliance.
Technological Advancements and Rise in Preference to Drive Medium Capsules Segment
The market segmentation based on capsule size reveals a significant growth trajectory for medium capsules, fueled by technological advancements and increased adoption. Medium-sized capsules, including size 0 & 0E, size 1, and size 2, are witnessing heightened demand, driven by their versatility and compatibility with advanced formulations.
Liquid Filled Hard Capsules Addressing HPAPI Challenges
Liquid filled hard capsules play a crucial role in addressing the challenges associated with highly potent or toxic active pharmaceutical ingredients (HPAPIs). These capsules offer a viable solution for enhancing bioavailability and overcoming low-dose challenges associated with HPAPIs, thereby presenting revenue opportunities for market players.
Launch of New Therapeutics to Propel Pharmaceutical & Biopharmaceutical Companies Segment
Pharmaceutical and biopharmaceutical companies are at the forefront of innovation, investing in the development and launch of novel therapeutics. With a focus on addressing unmet medical needs, these companies are driving market growth through strategic collaborations, regulatory approvals, and expansion initiatives.
Regional Outlook of Liquid Filled Hard Capsules Market
North America leads the global liquid filled hard capsules market, accounting for a significant market share in terms of revenue. The region is expected to maintain its dominance throughout the forecast period, driven by technological advancements, regulatory support, and strategic investments. Europe and Asia Pacific regions present lucrative growth opportunities, propelled by increasing healthcare expenditure and rising demand for advanced drug delivery systems.
Analysis of Key Players
The liquid filled hard capsules market is characterized by the presence of numerous players, including ACG, Lonza Group, CapsCanada Corporation, and QUALICAPS, among others. These players are focused on geographical expansion, product portfolio diversification, and strategic alliances to strengthen their market position and gain a competitive edge.
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