Empty Capsule Market Analysis
The global empty capsule market is predicted to have a promising growth at a striking 8.8% CAGR over the forecast period (2018-2023). Capsules provide a viable substitute to tablets especially for its wide availability and easy administration. A capsule is a stable shell which is utilized to encapsulate active ingredients that are formulations possessing therapeutic activity. It is widely used in pharmaceutical industries especially when it is difficult to compress a drug in a solid tablet. An empty capsule is an oral dosage which resting on the manufacturing material type is available in assorted colors and sizes such as flavored capsules and pearl capsules. Capsules are available in different types such as rectal capsules, enteric coated capsules, sustained release capsules, hard gelatin capsules and soft gelatin capsules. Hard and soft capsules are the commonly used empty capsules. An empty capsule comes in assorted sizes that helps in customization and dose calibration as per the needs of the individual. Capsules are highly favored as it is easy to swallow, have an odorless and tasteless gelatin coating that makes it palatable, causes decreased gastrointestinal irritation and have quicker dissolution times compared to other forms of oral dosage.
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There are many factors that is driving the growth of the Empty Capsule Market. Some of these factors as per the Market Research Future (MRFR) report include increasing use of capsule formulations amid the geriatric population, rising research and development activities and clinical trials, advancements in the capsule delivery technology, growth of pharmaceutical market, easy digestibility, easy to consume, ease of availability, rising consumer preference for capsules over tablets and surge for nutraceutical products. On the contrary, factors such as constricted regulatory guidelines laid down by the international and national regulatory authorities, lack of advanced medicinal facilities especially in under-developed nations, high initial investment, scarcity of skilled healthcare experts, prerequisite R&D, increasing raw material prices, religious and cultural issues associated to capsule consumption having animal-derived ingredients such as bovine and porcine gelatin capsule shells may hinder the growth of the empty capsule market.
Empty Capsule Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the empty capsule market on the basis of raw materials, physical characteristics, certification and end user.
Based on raw materials, it is segmented into non-gelatin, porcine and bovine.
Based on physical characteristics, the empty capsule market is segmented into soft and hard capsules. Of these, soft capsules will have the largest market share over the forecast period.
Based on certification, it is segmented into non-halal certification, halal certification and others. Of these, halal certification will lead the empty capsule market.
Based on end-user, the empty capsule market is segmented into academic and research organizations, pharmaceutical industries and others. Of these, the pharmaceutical industries are anticipated to have the largest share in the market.
Based on region, the empty capsule market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and the Middle East and Africa. Of these, North America is anticipated to grab the largest share in the market due to high healthcare expenditure, well-developed technology and huge patient population. The empty capsule market in Asia Pacific will have the second biggest share followed by Europe. The market in the APAC region is the fastest growing due to the quickly changing healthcare sector. On the other hand, the empty capsule market in the Middle East and Africa will have minimum share due to the existence of slow and poor developing countries particularly in the African region. The market in the Middle East will have a major share owing to high spending and well-developed infrastructure.
Empty Capsule Market Studied by Key Players
Leading players profiled in the empty capsule market include Arab Caps, Sunil Healthcare Limited, NecLife, ACDIMA, Capsugel, Medi-Caps Ltd, ACG-Associated Capsules, QUALICAPS, Roxlor, Julphar, Tabuk Pharmaceuticals, Neopharma and others.
Dec 2018- Aurora Cannabis Inc. has lately announced the market launch of its much-awaited cannabis softgel capsules. Available in four different varieties- Aurora Indica Softgels, THC Aurora Sativa Softgels, Aurora CBD Softgels and Aurora Liquid Gels, Aurora intends in making the high-margin, high-volume, smoke-free product accessible to all international and domestic target markets where legally possible.
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