Empty Capsules Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Gelatin Capsules and Non-Gelatin Capsules); Functionality (Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules); Application (Antibiotic & Antibacterial Drugs, Vitamins & Dietary Supplements, Cardiovascular Therapy Drugs, and Others); End-Users (Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, and Others) and Region/Country
Global Empty Capsules Market is expected to grow at a significant rate of around 8% during the forecast period. The global empty capsules market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing ageing population across the globe is causing an increase in the number of chronic disease incidences such as cardiovascular diseases, cancer, etc. For instance, according to the World Health Organization, nearly 422 million people globally have diabetes, the majority living in low-and middle-income countries. Owing to these facts and growing awareness among the population, people are becoming more health conscious which in turn is rising the demand for nutraceuticals and other health supplements across the globe. Thereby, boosting the empty capsules market. Furthermore, factors such as rising demand for preventive care, wide areas of application of empty capsules, rise in the popularity of capsules over other drug delivery forms, and an increase in strategic alliances among empty capsule suppliers & gelatin manufacturers are some of the other factors contributing to the growth of the market.
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 are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and advanced products.
Insights Presented in the Report
“Amongst type, gelatin capsules category to witness higher CAGR during the forecast period”
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.
“Amongst functionality, immediate-release capsules category to witness higher CAGR during the forecast period”
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.
“Amongst application, antibiotic & antibacterial drugs segment to hold a significant share in the market in 2020”
Based on application, the empty capsules market is classified into antibiotic & antibacterial drugs, vitamins & dietary supplements, cardiovascular therapy drugs, and others. The antibiotic & antibacterial drugs segment is expected to grab a substantial share in 2020 and is expected to grow considerably during the projected timeframe. This can be due to the high proliferation of various infectious chronic diseases worldwide which in turn is creating the demand for various antibiotic & antibacterial drugs.
“Amongst end-user, pharmaceutical industry segment to hold a significant share in the market in 2020”
Based on end-users, the market is fragmented into the pharmaceutical industry, nutraceutical industry, cosmetic industry, and others. In 2020, the pharmaceutical industry segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period as there has been an increasing demand in the pharmaceutical industry for drugs for treating a plethora of diseases leading to the rising number of drugs launched as a capsule formulation.
“North America to hold a significant share in the market”
For a better understanding of the market adoption of the empty capsules industry, 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. For instance, the number of Americans aged 60 and older increased by 34% from 55.7 million to 74.6 million between 2009 and 2019.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Empty Capsules Market|
|2.2.||Research Methodology of the Empty Capsules Market|
|5||IMPACT OF COVID-19 ON THE EMPTY CAPSULES MARKET|
|6||EMPTY CAPSULES MARKET REVENUE, 2020-2028F|
|9.1.||Antibiotic and Antibacterial Drugs|
|9.2.||Vitamins and Dietary Supplements|
|9.3.||Cardiovascular Therapy Drugs|
|11.1.3.||Rest of North America|
|11.2.6.||Rest of Europe|
|11.3.4.||Rest of Asia-Pacific|
|11.4.||Rest of World|
|13||EMPTY CAPSULES MARKET OPPORTUNITIES|
|14||EMPTY CAPSULES MARKET TRENDS|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Porters Fiver Forces Analysis|
|18.2.||Lonza Group (Capsugel)|
|18.3.||HealthCaps India Ltd.|
|18.4.||Bright Pharma Caps Inc.|
|18.8.||Sunil Healthcare Ltd.|
|18.10.||Natural Capsules Limited|
Research Methodology for the Empty Capsules Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global empty capsules market were the three major steps undertaken to create and analyze the adoption of empty capsules in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global empty capsules market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the empty capsules market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the empty capsules market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, functionality, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the empty capsules market. Further, we conducted factor analysis using dependent and independent variables such as various. A type, functionality, applications, and end-user of empty capsules thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the empty capsules market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global empty capsules market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the empty capsules market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global empty capsules market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global empty capsules market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, functionality, application, and end-user in the global empty capsules market.
The main objective of the Global Empty Capsules Market Study
The current & future market trends of the global empty capsules market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the empty capsules market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, functionality, application, and end-users.
- Define and analysis of the regulatory framework for the empty capsules
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the empty capsules market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the empty capsules market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry