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Empty Capsules Market Competitive Research, Industrsy Status, Key Drivers And Forecast To 2033
Empty Capsules Market
As per the report, the empty capsules market size has grown strongly in recent years. It will grow from $2.97 billion in 2023 to $3.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The empty capsules market size is expected to see rapid growth in the next few years. It will grow to $4.77 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
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The Surge In Chronic Diseases Propelling Growth In The Empty Capsules Market
An increase in the prevalence of chronic diseases is expected to propel the growth of the empty capsules market going forward. 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 while not interfering with any drug formulation. For instance, in January 2022, according to research published by the American Cancer Society, a US-based health organization, in the US, 609,360 cancer deaths and 1.9 million new cancer cases are anticipated in 2022. It is about 1,670 fatalities each day. Therefore, an increase in the prevalence of chronic diseases is driving the growth of the empty capsules market.
Empty Capsules Market Surges With Innovative Product Developments
Product innovations are a key trend gaining popularity in the empty capsules market. 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 in all scales, from benchtop to production.
The empty capsules market covered in this report is segmented -
1) By Type: Gelatin Capsules, Non-Gelatin Capsules
2) By Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules
3) 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
4) By End-User: Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories
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Major companies operating in the empty capsules market report are ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., Bright Pharma Caps Inc., Suheung Co. Ltd., Roxlor LLC, Lonza Group AG, Capsugel, Goerlich Pharma GmbH, Qualicaps Inc., Comed Chemicals Limited, Wuhan Carma Technology Co. Ltd., Nectar Lifesciences Ltd., Erawat Pharma Limited, Medi-Caps Ltd., Mitsubishi Chemical Holdings Corporation, Snail Pharma Industry Co. Ltd., Sunil Healthcare Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Aenova Group GmbH, Capsuline Inc., Farmacapsulas SA, Health Pharma, JC Biotech Pvt. Ltd., Lefan Capsule International Inc., Nipro Capsule Co. Ltd., Qingdao Yiqing Medicinal Capsules Co. Ltd., Shaoxing Kangke Capsule Co. Ltd., Sunloc Industrial Co. Ltd.
Contents of the report:
1. Executive Summary
2. Empty Capsules Market Report Structure
3. Empty Capsules Market Trends And Strategies
4. Empty Capsules Market - Macro Economic Scenario
5. Empty Capsules Market Size And Growth
…..
27. Empty Capsules Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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