Global Empty Capsules Market – Industry Trends and Forecast to 2024
Market Analysis: Empty Capsules Market
The empty capsules market accounted to USD 1.45 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Empty Capsules Market
Empty capsules are used as a dosage form for both prescription and OTC drugs, herbal products and nutrient supplements. These are made from gelatin derived from animal protein and plant polysaccharides or their derivatives.
Major Market Drivers and Restraints:
- Increasing geriatric population
- Proliferation of pharmaceutical, nutraceutical, and cosmeceutical industries,
- Increasing investments in research & development
- Technological advancements
- Rising prevalence of infectious and chronic disease
Market Segmentation: Empty Capsules Market
By product type the empty capsules market is segmented into gelatin and non-gelatin. The gelatin segment is further segmented into Porcine, Bovine, Bone Meal. Non-gelatin segment is further segmented into HPMC, Pullulan.
On the basis of application the market is segmented into Antibiotics, Vitamins, Anti-Inflammatory, Ant anemic segments. On the basis of end-users the empty capsules market is segmented into Pharmaceutical, Nutraceutical, and Cosmetics.
On the basis of geography, empty capsules market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Empty Capsules Market
The empty capsules market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of empty capsules market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Empty Capsules Market
Some of the major players operating in empty capsules market are Capsugel, Inc., ACG Associated capsules Pvt. Ltd., JC Biological Technology Co. Ltd, Caps Canada Corporation, Medicaps Ltd., Qualicaps, Inc., Suheung Co., Ltd, Sunil Healthcare Ltd., Bright Pharma Caps, Roxlor LLC, Pharma Industry Co.,among others