San Francisco, 1 March 2019: The Report Empty Capsules Market Analysis By Product (Gelatin, Non-Gelatin Capsules), By
Therapeutic Application (Antibiotic & Antibacterial Drugs, Vitamin &
Dietary Supplements, Antacids & Anti-flatulent Preparations, Anti-anemic
Preparations, Anti-Inflammatory & Anti-rheumatic Drugs, Cardiac Therapy
Drugs, Cough & Cold Preparations), By End-user(Pharmaceutical,
Nutraceutical, Cosmetics Industries, Research laboratories) And Segment
Forecasts To 2024
The global empty capsules market is expected to reach USD 2.57 billion by 2024, according to a new report by Grand View Research, Inc. Key factors responsible for the growth are the increase in the geriatric population, proliferation of pharmaceutical, nutraceutical, and cosmeceutical industries, globally and the upsurge in the consumer preferences for capsules over tablets.
The rising geriatric population count and the
associated chronic conditions are expected to heighten the demand for the
production of capsule-centric medications in the pharmaceutical and
nutraceutical application areas. Moreover, the benefits associated with capsule
consumption, such as ease of swallowing, faster absorption rates, and increased
palatability are also expected to contribute significantly to the expansion of
the market over the forecast period.
The mushrooming of the pharmaceutical,
nutraceutical, and cosmeceutical industries is expected to serve as a high
impact rendering driver for the empty capsules market over the forecast
period.
The nutraceuticals aid in the prevention of
certain chronic conditions and hence the consumption of these products has
significantly increased over the past few years. For instance, nutraceuticals,
such as omega-3 fatty acids, help in the prevention of cardiovascular
conditions and the heightened accessibility to these low-cost vitamin
supplements has reduced the incidences of vitamin deficiencies.
In 2015, the gelatin capsules segment
accounted for the highest revenue of nearly USD 1,172.3 million. This high
revenue share is attributed to the following factors: sufficient availability
of gelatin for the production process and the cost-effectiveness of gelatin
capsules as compared to non-gelatin capsules, such as Hydroxypropyl
methylcellulose (HPMC) capsules and pullulan or starch material capsules.
However, the non-gelatin capsules segment
is expected to emerge as the fastest growing category with a CAGR of 6.9% from
2016 to 2024. With the source of the non-gelatin capsules being vegetarian, the
religious and cultural issues experienced in connection with capsules
containing animal-derived inactive ingredients can be evaded; this factor is
estimated to be primarily responsible for the large consumer base of this
market over the forecast period.
Access Research Report of Empty Capsules
Market @ www.grandviewresearch.com/industry-analysis/empty-capsules-market
Further
key findings from the study suggest:
· In 2015, the antibiotic and antibacterial
drugs segment generated the largest revenue of USD 453.7 million owing to the
surge in prevalence of a range of infectious diseases and chronic conditions
worldwide. The vitamins and dietary supplements category is expected to exhibit
the fastest growth rate of 7.8% over the forecast period.
· Global efforts to reduce malnutrition and
vitamin deficiencies by various social welfare organizations and government
agencies are expected to boost the usage rates over the forecast period.
· In 2015, North America dominated the empty
capsules market with a revenue share of over 39.6% due to the high disease
burden, the access to the latest drugs in this region, and the high consumption
rate of nutraceutical and cosmeceutical products in this region. Increase in
the geriatric population susceptible to varied conditions and disorders coupled
with the burgeoning of various bacterial and viral infections is expected to
improve the market penetration of various antibiotics, multivitamin
supplements, and other drugs.
· The Asia Pacific region is estimated to
grow with the highest CAGR of 7.9% over the forecast period. The increase in
healthcare expenditure and the rise in per-capita disposable incomes are
expected to improve the overall access to healthcare facilities and medicines
across several developing countries in this region. Moreover, the upsurge in
the prevalence of infectious diseases and chronic conditions in this region are
also expected to positively reinforce the market growth over the forecast
period.
· The market dynamics indicate the presence
of strong competition amongst the key players, such as Capsugel, Inc., ACG
Associated capsules Pvt. Ltd., JC Biological Technology Co. Ltd, CapsCanada
Corporation, Medicaps Ltd., Qualicaps, Inc. (Mitsubishi Chemical Holdings
Corporation), Patheon, Inc. (Banner Pharmacaps, Inc.), Roxlor LLC, Sunil
Healthcare Ltd.(Sunloc Healthcare, Inc.), and Nectar Lifesciences Ltd.
· Furthermore, the increase in the demand for
generic drugs and contract manufacturing services is expected to open up new
avenues for the market growth over the forecast period.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the empty
capsules market by product, therapeutic application, end user and region:
Global empty capsules market, by
product (USD Million, 2013 - 2024)
·
Gelatin Capsules
·
Non-Gelatin capsules
Global empty capsules market by therapeutic
application (USD Million, 2013 - 2024)
·
Antibiotic and antibacterial drugs
·
Vitamin and dietary supplements
·
Antacids and antiflatulent preparations,
·
Antianemic preparations,
·
Anti-inflammatory and anti-rheumatic drugs,
·
Cardiac therapy drugs,
·
Cough and cold preparations
Global empty capsules market by end-user (USD Million,
2013 - 2024)
·
Pharmaceutical industries
·
Nutraceutical industries
·
Cosmeceutical industries
·
Research laboratories
Empty capsules market, by region (USD Million,
2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Empty Capsules Market@ www.grandviewresearch.com/press-release/global-empty-capsules-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment