The Empty
Capsules Market report discusses the
primary market growth drivers and challenges that the vendors and the market as
a whole face and provides an overview of the key trends emerging in the market.
This study also shows about the industry size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
Industry Insights
The global Empty Capsules Market was estimated at USD 1.34 billion in
2015 and is expected to grow at a significant CAGR over the forecast period.
The major factors impelling the market growth are increasing adoption rate of
capsules when compared to tablets, rising demand of empty capsules in
cosmeceutical, nutraceutical and pharmaceutical industries and growing
geriatric population. Capsule- based formulations are more popular among the
aged population, owing to benefits like faster dissolution time as compared to
the other oral dosage forms, capsules make swallowing easier for patients,
moreover, the gastrointestinal irritation caused by capsules is comparatively less
than other dosage forms. These aforementioned benefits associated with capsules
are likely to boost the market growth over the forecast period.
However, the religious and cultural issues arising due to use of animal
derivatives, such as bovine and porcine gelatin capsules and growing prices of
raw materials, are expected to hinder the market growth over the forecast
period.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Empty Capsules Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Empty Capsules Market.
·
Emerging niche segments and regional
markets
·
An objective assessment of the
trajectory of the industry.
Therapeutic Application Insights
Major therapeutic application of empty capsules can be segmented into
cold and cough preparations, anti-anemic preparations, anti-flatulent and antacid
preparations, dietary and vitamin supplements, cardiac therapy drugs,
anti-rheumatic and anti-inflammatory drugs, anti-bacterial and antibiotic
drugs, and other therapeutic applications.
In 2015, antibacterial and antibiotic drugs segment accounted for the
largest market share owing to the high prevalence of various chronic conditions
and infectious diseases that are expected to impose high pressure on the
pharmaceutical industries and consequently boost the empty capsule market over
the forecast period.
End-use Insights
Based on end-use, the empty capsules market is segmented into research
laboratories, cosmetic industry, nutraceutical industry and pharmaceutical
industry. Pharmaceutical industry segment generated the maximum revenue in 2015
and is expected to dominate the market throughout the forecast period, because
of large scale use of capsules over other oral dosage forms, which is expected
to promote demand of empty capsules in the pharmaceutical industry in order to
treat various infectious and cardiac diseases.
Regional Insights
North America’s accounted for highest share of the total empty capsules
market in 2015 and is expected to grow at a CAGR of 6.1% during the forecast
period owing to the high penetration rate of cosmeceutical and nutraceutical
industry along with rising awareness of nutraceutical products among the
consumers.
Asia-Pacific is expected to witness the fastest growth over the forecast
period. This growth can be attributed to the increase in proliferation of
pharmaceutical industry, rising awareness regarding cosmeceuticals and
nutraceuticals products, improved healthcare infrastructure, and less stringent
government regulations in the nutraceutical industry.
Competitive Insights
Some players in the empty capsules market include Sunil Healthcare Ltd.
(Sunloc Healthcare, Inc.), Roxlor LLC, Patheon, Inc. (Banner Pharmacaps, Inc.),
Qualicaps, Inc. (Mitsubishi Chemical Holdings Corporation), Medicaps Ltd.,
CapsCanada Corporation, JC Biological Technology Co. Ltd, ACG Associated
capsules Pvt. Ltd., and Capsugel, Inc.
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