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Global Empty Capsules Market is expected to foresee significant growth. North America to lead the growth!

Empty capsules serve as the protective outer shell for medications and are formed from special film-forming materials such as gelatin, starch, and pullulan. Due to their numerous appealing properties, they have become cutting-edge drug delivery device products that are utilised by top pharmaceutical and biopharmaceutical companies. The market for empty capsules is growing on account of the increasing adoption of capsule formulations, the rising prevalence of chronic diseases coupled with the rapidly growing geriatric population across the globe. For instance, according to the United Nations, the global population aged 60 years or over numbered at 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050.

The Empty Capsules Market is expected to grow at a steady rate of around 8% during the forecast period. Factors such as increasing research & development activities for developing new therapeutic products, growing technological advancement in the pharmaceutical industry and rising preference of consumers for capsules due to their fast disintegrating nature are some of the prominent factors contributing to the growth of the market.

Based on type, the empty capsules market is segmented into gelatin capsules and non-gelatin capsules. The gelatin capsules segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe owing to various advantages of these capsules over non-gelatin capsules including rapid drug release, uniform mixing of drugs, prevention in the oxidation of drug molecules, and others.

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Based on functionality, the empty capsules market is segmented into immediate-release capsules, sustained-release capsules, and delayed-release capsules. The immediate-release capsules segment grabbed a significant market share in 2020 and is expected to grow considerably during the forecast period. The growth of this segment can be attributed to the wide application of these drugs in manufacturing antibiotics, antibacterials, antacids, painkillers and some dietary supplements.

For a better understanding of the market adoption of the empty capsules, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, technological advancement in capsule drug delivery technology, the rapid increase in the geriatric population, and the growing prevalence of various chronic diseases are propelling the growth of this market in the region.

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Some of the major players operating in the market include ACG Worldwide, Lonza Group (Capsugel), HealthCaps India Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, Medi-Caps Ltd, Qualicaps, Sunil Healthcare Ltd., Roxlor and Natural Capsules Limited.

Global Empty capsules Market Segmentation

Market Insight, by Type

  • Gelatin Capsules
  • Non-Gelatin Capsules

Market Insight, by Functionality

  • Immediate-release Capsules
  • Sustained-release Capsules
  • Delayed-release Capsules

Market Insight, by Application

  • Antibiotic and Antibacterial Drugs
  • Vitamins and Dietary Supplements
  • Cardiovascular Therapy Drugs
  • Others

Market Insight, by End-User

  • Antibiotic and Antibacterial Drugs
  • Vitamins and Dietary Supplements
  • Cardiovascular Therapy Drugs
  • Others

Market Insight, by Region

  • North America
    •  US
    •  Canada
    •  Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

  • ACG Worldwide
  • Lonza Group (Capsugel)
  • HealthCaps India Ltd.
  • Bright Pharma Caps Inc.
  • CapsCanada Corporation
  • Medi-Caps Ltd
  • Qualicaps
  • Sunil Healthcare Ltd.
  • Roxlor
  • Natural Capsules Limited

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