Capsule Market Technology to evidence increasing in Demand By 2022
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The market’s driving factors are rising demand for vegetarian and halal-based capsules, growing consumer preference towards capsule-based formulations, growing use of capsules in the pharmaceutical and neutraceuticals. Other factors driving the growth of capsules are ease of use, greater patient conformance and technological advancements such as delayed released and modified release capsules.
Development of non-gelatin capsules such as those made from hydroxypropyl methyl cellulose (HPMC), starch based etc. are further driving the market. Growing use of soft gelatin capsules such as suppositories is another factor affecting the market positively.
The market’s constrains include high cost of vegetable capsules, low tamper resistance of capsules as compared to tablets, higher cost of formulation as compared to tablets among others. However the critical threat for the capsule industry remains outbreaks of diseases such as bovine spongiform encephalopathy (BSE) which has resulted in temporary scarcity of healthy raw material thereby pushing raw material’s costs. Societal and religious considerations have also impacted the industry negatively.
Taking all factors into consideration, we expect the Middle East and Africa capsule market to reach around $365.44 million in 2022 from $224 million in 2015 growing at a CAGR of 8.5 %.
Competitive Players for Middle East and Africa Capsule Market:
Some of the key players in this market are ACG Associated Capsules, Capsugel, Qualicaps, Suheung, Roxlor LLC, Medi-Caps Ltd, Suheung Co. Ltd and others.
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Study Objectives Middle East and Africa Capsule Market:
To provide detail analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the Middle East and Africa capsule market,
insights about factors affecting the market growth, analyze the market based on various analyses including price analysis, supply chain analysis, Porters Five Force analysis etc,
past and estimated revenue of the market’s segments and sub-segments of Middle East and Africa Capsule market, country level analysis of the market with respect to the current market size and future growth prospect,
country level analysis of the market for segments which includes by product type (hard capsules and soft capsules), by raw material (bovine, porcine, non-gelatin) and by route of administration (oral and others) and by end user (pharmaceuticals and others) and other sub segments, overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
Regional Analysis of Middle East and Africa Capsule Market:
UAE is the largest market for capsule in entire Middle East and Africa capsule market closely followed by Egypt. The rest of Africa market is however growing very fast with a huge unmet medical needs. The growing veterinary drugs market is also fuelling the demand for capsules especially in Africa. However greater prevalence of substandard capsules is a threat to the industry.
Middle East and Africa capsule market has been segmented on the basis of product type which comprises hard capsules and soft capsules.
On the basis of raw material; market is segmented into bovine, porcine and non-gelatin.
Route of administration; market is segmented into oral and others.
End user; market is segmented into pharmaceuticals and others.
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Table of Content:
Market Factor Analysis
Middle East And Africa Capsule Market, By Product Type
Middle East And Africa Capsule Market, By Raw Material
Middle East And Africa Capsule Market, By Route Of Administration
Middle East And Africa Capsule Market, By End User
Middle East And Africa Capsule Market, By Country
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