Market Scope
Market Research Future (MRFR) expects the empty capsule market 2020 to garner an approximate
growth rate of 8.4 % between 2022 and 2030 (appraisal period). We will provide
COVID-19 impact analysis with the report, along with all the extensive key
developments in the market post the coronavirus disease outbreak.
Top Boosters and
Main Challenges
Since the COVID-19 outbreak and the rising
attempt to find an effective treatment, various therapeutic measures are being
taken around the world. One of the popular treatment options to control the
pandemic is hydroxychloroquine, while the second option remains the consumption
of antiviral drugs that help manage HIV. These treatment approaches have
managed to boost the sale of advanced antimalarial and antivirals drugs,
thereby enhancing the empty capsule market size. Since capsules disintegrate
fast and allows quicker absorption, while the gelatin types are odorless and
tasteless, their demand has grown even more since the SARS-CoV-2. Although
lockdown has been imposed to control the spread of the novel coronavirus, empty
capsules are still the main way of addressing the virus, therefore their demand
has risen dramatically in the nutraceutical, cosmeceutical and pharmaceutical
industries.
Technological innovations in the empty
capsules market has resulted in an expanded functionality range for patients
using capsules-based formulations. Capsule delivery has been observing a series
of technological developments, in terms of better quality as well as patient
comfort. Some technology-based innovations in recent years include enhancement
of capsule shells, capsule-sealing techniques, capsule systems and fill
material to facilitate altered drug release and encapsulation of various
materials.
Another significant development in the
market has been the capsule-in-capsule technology that helps coat the active
ingredients that are gastric-sensitive. This enables reduced use of excipients
in formulation, higher upper gastrointestinal safety, better pharmacokinetic
efficiency, and enhanced product advancement. The emerging trend of plant-based
capsules in the global market can also considerably impel the growth in the
upcoming years. For instance, in August
2020, Catalent expanded its
manufacturing units that produce the new softgel encapsulation ranges, with
respect to CosmoPod twist-off capsule and Vegicaps plant-based capsule
technologies. This move serves the purpose of catering to more consumers that
are interested in plant-based, all-natural minerals and vitamins products.
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Market
Segmentation
The empty capsule industry can be
considered for raw materials, physical characteristics, certification and end
user.
Depending on raw materials, the market
caters to Non-gelatin, Porcine and Bovine.
The physical characteristics listed in the
study include soft capsules as well as hard capsules.
Certification-wise market segmentation
comprises non-halal certification, halal certification, and more.
With respect to end users, the key segments
can be academic & research organizations, pharmaceutical industries, and
others.
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Detailed TOC with COVID-19 Impact Analysis at:
https://www.marketresearchfuture.com/reports/empty-capsule-market-7153
Regional Insight
Asia Pacific/APAC, Europe/EU, the Americas
and MEA/the Middle East & Africa are the key regions where the empty
capsules can gain impetus at varying rates during the assessment period.
The market in the Americas is primarily
split into North Americas and South America. The North American market is
further considered for Canada and the US/United States. In general, the
American market is the world leader, thanks to the rapid advancement of the
cosmeceutical and nutraceutical industries and the mounting consumer awareness
with regard to nutraceutical products. Some other factors that engender the
market growth can be the fast growing health conscious population and the
rising inclination towards various supplements.
As the second most profitable market, Europe
has been segregated into Eastern Europe and Western Europe. Western Europe
leads the regional market, with Germany, France and the U.K in the lead. The
European market for empty capsules is progressing at a notable rate as a result
of the thriving nutraceuticals industry and the rapidly growing cases of
various diseases. The widespread leading capsule manufacturers with significant
production capacity coupled with a massive number of renowned pharmaceutical
companies have also induced market growth here. Apart from this, the regional
market stands to profit from the increasing preference for superior and
advanced pharmaceutical drugs as well as generics.
Asia Pacific is identified as the fastest
gaining market for empty capsules, thanks to the mounting need for quality
diagnostic devices, safer therapeutic approach, technological advancements and
the existence of a vast pool of patients. The pharmaceutical industry in the
region has been flourishing consistently, in light of the growing government
support encouraging healthcare development. Besides, the escalating demand for
cosmeceuticals and nutraceuticals in the
wake of the soaring knowledge among people regarding fitness and
wellness trends as well as the evolving lifestyles are also believed to be favoring
the APAC market.
Renowned Players
Some of the most renowned players in the
global industry are Sunil Healthcare Limited, Julphar, Tabuk Pharmaceuticals,
QUALICAPS, Capsugel, Medi-Caps Ltd, Neopharma, ACDIMA, ACG-Associated Capsules,
Arab Caps, Roxlor, NecLife, to name a few.
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