New York, NY, July 25, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Empty Capsules Market by Product Type (Gelatin-Based and Non-Gelatin Based), by Release Type (Sustained, Delayed, and Immediate), By Application (Dietary Supplements, Antacids, Cough & Cold Drugs, Anti-Anemic Drugs, Cardiovascular Drugs, Antibacterial Drugs, Anti-Inflammatory Drugs, and Others), and by End-User (Nutraceutical, Pharmaceutical, Cosmetic Industries, Research Laboratories, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, global empty capsules market was approximately USD 1.92 billion in 2018 and is expected to generate around USD 3.16 billion by 2025, at a CAGR of around 7.38% between 2019 and 2025.
Conventional capsules are extensively used in medicines, which are consumed orally and contain various active ingredients within, which are either in the form of a paste, suspension, or liquid. Patients prefer capsules as they are easier to swallow than tablets and do not have a bad taste or odor. The non-gelatin based capsules are not made from animal by-products and are more acceptable by some sections of society. The increased penetration of the global empty capsules market is due to the increasing formulation of new drug systems using gelatin capsules, rising manufacturing of gelatin, and growing possibilities of personalizing drugs that help in poison detection. Vegetarian capsules are also used for various religious purposes, in countries like India. However, dietary restrictions, cultural practices, and constantly fluctuating prices of raw materials may limit the empty capsules market.
Browse through 71 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Empty Capsules Market: Industry Size, Share, Market Segments, Growth, Analysis & Forecast, 2018–2025”.
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The global empty capsules market is fragmented based on product type, release type, application, and end-user. The product type segment includes gelatin-based and non-gelatin. Gelatin-based capsules are further segmented based on type (hard and soft gelatin capsules) and source (bovine meat, bone meal, pig meat, and other sources). Soft capsules contain single-piece oil-based or gelatinous formulations. Hard capsules contain powdered or dry formulations that are found in two pieces, which help to maintain the balance of digestive enzymes and stomach acid. The limitations of gelatin-based capsules are increased chances of allergies, drug compatibility issues, and difficulty in ingestion for kidney patients. Non-gelatin capsules can be further categorized into Hydroxypropyl Methylcellulose (HPMC) and Pullulan and starch material. The non-gelatin capsules segment is especially growing due to stability and low-moisture content.
On the basis of release type, the market is classified into sustained, delayed, and immediate. The immediate release capsules are used for manufacturing a variety of antacids, painkillers, antibiotics, anti-bacterial medicines, and dietary supplements and are among the most commonly prescribed capsules for treatment. By application, the market includes antacids, dietary supplements, cough, and cold drugs, cardiovascular drugs, anti-anemic drugs, anti-inflammatory drugs, antibacterial drugs, and others. The increasing lifestyle-related disorders, growing awareness among people, and rising government funding to promote a healthy diet are fuelling the dietary supplements segment. The end-user segment of the empty capsules market comprises pharmaceutical, nutraceutical, research laboratories, cosmetic industries, and others.
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North America is a significant regional contributor to the empty capsules market globally, due to the rising the number of capsule manufacturers and pharmaceutical companies, growing number of hospitals, and favorable government regulations and increasing importance related to the significance of generics. There is a growing demand for cosmetic supplements and dietary supplements due to increased lifestyle changes. A large share of medicines and medical care globally is contributed by North America. There are advancements in processes and easy implementation, which result in increased healthcare efficiency, which is mainly found in the U.S. and Canada.
The European region is the second-most developed market for empty capsules globally, due to the operability ease, increasing government initiatives in healthcare, efficient resource planning, rising geriatric population, growing capsule applications in pharmaceutical industries, and government funding. There are multiple outbound investments for research and development. The UK, France, and Germany have huge potential along with several regional companies aiding research and development in the area. The governments also improve collection and transparency of health data and make wise investments. The healthcare segment contributes a large proportion to the GDP of European countries. European governments finance their healthcare systems and prioritize healthcare spending, which, in turn, drives the region’s empty capsules market.
Browse the full “Empty Capsules Market by Product Type (Gelatin-Based and Non-Gelatin Based), by Release Type (Sustained, Delayed, and Immediate), By Application (Dietary Supplements, Antacids, Cough & Cold Drugs, Anti-Anemic Drugs, Cardiovascular Drugs, Antibacterial Drugs, Anti-Inflammatory Drugs, and Others), and by End-User (Nutraceutical, Pharmaceutical, Cosmetic Industries, Research Laboratories, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/empty-capsules-market
The Asia Pacific empty capsules market exhibits the highest growth potential, due to the increasing disposable income and healthcare expenditure, rising lifestyle-related disorders prevalence, growing awareness about health disorders, and escalating demand for automated health services and capsule-based medicines. The medical service consumers in this market have become more aware of the importance of their healthcare upkeep, which is also boosting the region’s empty capsules market.
The Middle Eastern and African region is an immature empty capsules market, which is projected to grow slowly over the forecast time period. The Latin American empty capsules market is likely to register moderate growth in the years ahead.
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Some major players of the global empty capsules market are Medi-Caps, Roxlor Sunil Healthcare, Green Cross, Qualicaps, Bright Pharma Caps, Capsugel, CapsCanada Corporation, ACG Worldwide, and Suheung.
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