ID: MRFR/HC/5687-HCR | 90 Pages | Published By Rahul Gotadki on March 2023
Empty Capsule Market is expected to grow at a CAGR 7.80% to hit USD 2,660.52 Million during the forecast 2022-2030
$ 2,660.52 Million
Empty Capsule Market Overview
The Empty Capsule Market is expected to reach USD 2,660.52 Million by 2030 at 7.80% CAGR during the forecast period 2022-2030. Void cases are steady cases that contain or exemplify meds in the scope of portion levels. Void cases are the most often involved compartment for spices, powders, and prescriptions. A few variables are filling the market's extension, remembering an increment for the allure of containers over elective types of medication conveyance and an expansion in essential unions between void case providers and gelatin producers.
Also, the world's rising senior populace raises interest in different helpful drugs and dietary enhancements pointed toward further developing well-being results. Since nutraceuticals help in anticipation of critical medical conditions like stoutness, disease, and joint inflammation, their use has expanded. Also, because cases are the most regularly utilized strong oral portion structure, there is a solid requirement for void containers in the nutraceutical business worldwide.
Also, fast enhancements in case conveyance innovations are supposed to support market development. In any case, moral issues, instability in the cost of gelatin materials, and tight guidelines in the drug business are projected to limit market development. Void cases can be utilized to disguise the kind of heart treatment prescriptions. This eases sickness in the patient. As the pervasiveness of CVDs expands, so will the interest in cardiovascular treatment drugs. This component might well affect the market for void containers.
The Empty capsule market is segmented based on raw materials, physical characteristics, certification, end user and region.
On the basis of raw materials, the market is segmented into Bovine, Porcine, Non-gelatin. Further, on the basis of physical characteristics the market is segmented into hard capsules, soft capsules. certification is segmented into halal certification, non-halal certification and others. On the basis of end user, the market is segmented into pharmaceutical industries, academic & research organizations
Regional Market Summary
In the current scope of the study, the above-mentioned segments are covered into four global regions, namely- the Americas, Europe, Asia Pacific and the Middle East & Africa.
The Americas market for empty capsule is segmented into North Americas and South America. North America is further segmented into US and Canada. Americas accounted for the largest market share in the global empty capsule market.
Europe accounted for the second largest market behind Americas. Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France. The major factors accountable for the growth of the empty capsule market comprise of growing application in nutraceuticals market, growing prevalence of diseases etc.
Asia Pacific is the fastest growing region in empty capsule market. Increasing need for better diagnostic devices, better and safe therapeutic approach, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.
Global Empty capsule Market Share (%), by Region, 2017
Sources: Centers for Disease Control and Prevention, U.S. Census Bureau, Kodiak Island Borough School District Annual Reports, Press Release, White Paper, And Company Presentation
Some of the key players in the Empty capsule market are Neopharma, Tabuk Pharmaceuticals, Julphar,Roxlor,QUALICAPS, ACG-Associated Capsules, Medi-Caps Ltd, Capsugel,ACDIMA, NecLife, Sunil Healthcare Limited, Arab Caps and others
Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analysing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.
Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.
Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the Empty capsule market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.Recent Development
October 2021: Neopharma, the market leader in empty capsules, announced a relationship with OnMarket, Australia's largest investment and capital raising platform. Neopharma Technologies is in the process of commercializing its market-leading technology and has signed a number of global distribution agreements, including in Australasia, Indonesia, Malaysia, and the Philippines. TamperLoks DataVault technology eliminates the physical requirements for mandatory drug testing and replaces them with advanced data collection and management, ensuring complete chain-of-custody and the significant productivity and accuracy gains associated with digitizing a previously manual process.
Market Segmentation and Key Market Players
Empty capsule Market, by Raw Materials
Empty capsule Market, by Physical Characteristics
Empty capsule Market, by Certification
Empty capsule Market, by End User
Empty capsule Market, by Key Players
Neopharma, the market chief in void cases, reported a relationship with OnMarket, Australia's biggest venture and capital raising stage. Neopharma Technologies is currently commercializing its market-driving innovation and has marked various worldwide dissemination arrangements, remembering for Australasia, Indonesia, Malaysia, and the Philippines. TamperLoks DataVault innovation wipes out the actual prerequisites for obligatory medication testing. It replaces them with cutting edge information assortment and the board, guaranteeing total chain-of-authority and the huge efficiency and exactness gains related to digitizing a formerly manual interaction.Intended Audience
|Market Size||USD 2,660.52 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Raw materials, Physical characteristics, Certification, End user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Neopharma, Tabuk Pharmaceuticals, Julphar,Roxlor,QUALICAPS, ACG-Associated Capsules, Medi-Caps Ltd, Capsugel,ACDIMA, NecLife, Sunil Healthcare Limited, Arab Caps and others|
|Key Market Opportunities||Increasing investments in the capsule manufacturing plants|
|Key Market Drivers||
The empty capsule market has a growth opportunity of 7.80% during the forecast period of 2022 to 2030.
The noted players taking part in the empty capsule market are Julphar, Roxlor, QUALICAPS, Neopharma, Tabuk Pharmaceuticals, Medi-Caps Ltd, ACG-Associated Capsules, Capsugel, Sunil Healthcare Limited, ACDIMA, NecLife, Arab Caps, and others.
The Americas would steer the global empty capsule market ahead.
The Asia Pacific empty capsule market would be the fastest-growing.
High investment rate to bolster growth for the empty capsule market.