The Asia Pacific Empty Capsules Market is projected to reach USD 456.4 million by 2021, at a CAGR of 12.1% from 2016 to 2021.
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In the manufacture of pharmaceuticals, encapsulation refers to enclosing medicines in a relatively stable shell known as capsule, allowing them to be administered orally or used as suppositories. They have various applications in pharmaceutical and nutraceutical industries.
Empty Capsules are generally made from Gelatin, which is derived from plant or animal origin. These are used as dosage form for prescription and OTC drugs, nutrient supplements and herbal products.
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Empty Capsules Market: Drivers & Restraints
Growing applications in pharmaceutical and nutraceutical companies, increasing consumer preference towards capsule based formulations and ease of oral administration are the factors fuelling the growth of market. However, factors like increasing raw material costs, strict regulations and ethical issues concerning the consumption of capsules made from animal derived ingredients are hindering the growth of market.
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Empty Capsules Market: Segmentation
By Product Type
- Gelatin Capsules
- Non Gelatin Capsules
By Therapeutic Applications
- Antibiotic and Antibacterial Drugs
- Vitamins and Dietary Supplements
- Antacid and Antiflatulent Preparations
- Antianemic Preparations
- Anti Inflammatory Drugs
- Cardiovascular Drugs
- Cough and Cold Preparations
By End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetic Industry
- Research Laboratories
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Empty Capsules Market: Overview
Gelatin Capsules hold the major share in the market in terms of material due to factors like development of various formulations using hard gelatin capsules, long term safety of encapsulated drug molecules, while Non Gelatin Capsule segment is expected to grow the fastest. Pharmaceutical Industry holds the major share in terms of end use while nutraceutical industry is expected to grow the fastest.
Empty Capsules Market: Region-wise Outlook
Geographically, market is segmented into various regions namely, China, India, Japan, South Korea and Australia. Asia Pacific is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries like China and India, rapid adoption rate and increasing consumer awareness.
Key Questions Answered
- What is the current and future Empty Capsules Market outlook in Asia Pacific? What trends are affecting the market?
- What is the competitive landscape and market share of major players in the Empty Capsules Market space in Asia Pacific?
- What are the key, high growth markets that Empty Capsules Market manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Empty Capsules currently on the market? How will emerging technologies fulfil these unmet needs?
- What is consumer perception and market outlook of Empty Capsules?
- What are the challenges and barriers that have hindered widespread adoption of Empty Capsules?
Empty Capsules Market: Key Players
Some of the major companies covered in the report are Capsugel, Acg Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd. and Sunil Healthcare Limited.
Empty Capsules Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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