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Global empty capsules market that will grow at a CAGR of 8.1% by 2024 insights shared in detailed report

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The Global Empty Capsules Market accounted to USD 1.94 billion in 2016 growing at a CAGR of 8.1% during the forecast period of 2017 to 2024.

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Global Empty Capsules Market, By Product {Gelatin (Porcine, Bovine, Bone Meal), Non-Gelatin (HPMC, Pullulan)}, Application (Antibiotics, Vitamins, Anti-Inflammatory, Ant anemic), End User (Pharmaceutical, Nutraceutical, Cosmetics), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

Empty capsules are produced using gelatin, which is derivedfrom animal protein (pork skin, fish and animal bones) and plant polysaccharides or their subordinates such as starch, HPMC, pullulan and others.

Major Market Drivers and Restraints:

  • Growth in Aging population
  • More utilization of empty capsules
  • Increase in creative innovations
  • Rising consumer preferences towards capsules based formulation

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On the basis of product, global empty capsules market is segmented intogelatin and non-gelatin. Gelatin is further sub segmented into porcine, bovine, and bone meal.

On the basis of application, global empty capsules market is segmented intoantibiotics, vitamins, anti-inflammatory and ant-anemic.

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On the basis of end user, Global Empty Capsules Market, is segmented intopharmaceutical, nutraceutical and cosmetics. Here, pharmaceutical segment held the largest market share in 2015 because of increase demand due to its high absorption rate.

Based on geography, the market is segmented into five geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific(APAC)
  • Middle East and Africa(MEA)

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The global empty capsules market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in this market are

  • Philips Healthcare
  • GE Healthcare
  • Cardinal Health Inc
  • Siemens AG
  • Digirad Corporation
  • Mediso Medical Imaging Systems, Ltd
  • Toshiba Medical Systems Corporation
  • DDD-Diagnostics A/S
  • Neusoft Medical Systems Co. Ltd
  • Mallinckrodt plc, SurgicEye GmbH
  • CMR Naviscan Corporation (U.S.),

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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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