Analysis of Global Empty Capsules Market - U.S. Dominated the Industry Followed by Europe

Press Release   •   May 20, 2016 04:58 EDT

The global empty capsules market is estimated to grow at a CAGR of 7.2% during the forecast period, to reach USD 2.13 Billion by 2021. The rapidly increasing aging population, growing applications in the pharmaceutical and nutraceutical industries, and growing consumer preference towards capsule-based formulations are the major factors driving the growth of the market. However, increasing raw material prices, stringent regulatory frameworks, and religious as well as cultural specifications are expected to limit the growth of this market to a certain extent.

Complete report on Empty Capsules Market spread across 179 pages, Profiling 10 Companies and supported with 140 Tables and 34 Figures is now available at http://www.rnrmarketresearch.com/empty-capsules-market-by-product-hard-gelatin-non-gelatin-capsules-raw-material-pig-meat-bovine-hpmc-therapeutic-application-antibiotics-vitamins-by-end-user-pharmaceutical-health-supp-market-report.html .

In this report, the empty capsules market is segmented on the basis of products, therapeutic applications, end users, and regions. Based on products, the market is subsegmented into gelatin and non-gelatin capsules. In 2015, the gelatin capsules segment accounted for the largest share of the global market.

Empty capsule market report is useful for following audience:

  • Empty capsule distributors
  • Research laboratories
  • Hard gelatin and non-gelatin-based empty capsule manufacturers
  • Empty vegetarian capsule contract manufacturers
  • Associations of capsule manufacturers
  • Pharmaceutical and nutraceutical R&D laboratories
  • Pharmaceutical, nutraceutical, and OTC/cosmetic product manufacturers
  • Market research and consulting firms

The large share of this segment is mainly due to factors such as the development of a wide range of formulations using hard gelatin capsules as a simple form for oral drug delivery and increasing use of gelatin capsules in novel drug delivery systems with modified and targeted drug-release properties. The non-gelatin capsules segment is expected to grow at the highest CAGR during the forecast period. Growth in this segment is mainly due to strict government regulations regarding the use of animal-derived gelatin in pharmaceutical and nutraceutical products, dietary sensitivity of patients, and drug incompatibilities with gelatin capsules.

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The therapeutic applications segment is further categorized into antibiotic and antibacterial drugs, vitamins and dietary supplements, antacid and ant flatulent preparations, anemic preparations, anti-inflammatory and anti-rheumatic drugs, cardiac therapy drugs, cough and cold preparations, and other therapeutic applications. In 2015, the antibiotic and antibacterial drugs segment held the largest share in the global empty capsules therapeutic applications market.

The key players in this market are ACG Worldwide (India), Capsugel (U.S.), CapsCanada Corporation (Canada), Qualicaps, Inc. (U.S.), Suheung Co., Ltd. (Korea), Medi-Caps Ltd. (India), Roxlor LLC (U.S.), Bright Pharma Caps (U.S.), Snail Pharma Industry Co., Ltd. (China), and Sunil Healthcare Ltd.(India).

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On the basis of regions, the empty capsules market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America accounted for the largest share of the global empty capsules market. Asia-Pacific is expected to witness the fastest growth during the forecast period. However, scarcity of raw materials for gelatin manufacturing and the subsequent increase in prices of gelatin may affect the growth of the empty capsules market in the Asia-Pacific region in the coming years.

On related note another research titled with “Critical care devices market” is expected to reach USD 2.61 Billion by 2021 from USD 1.78 Billion in 2016, at a CAGR of 8.0% is available at http://www.rnrmarketresearch.com/asia-and-north-africa-critical-care-equipment-market-by-product-infusion-pumps-ventilators-patient-monitors-competitive-analysis-forecasts-to-2021-market-report.html .

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