Empty Capsules Market 2020 Insights, Share, Growth and Future Trends 2026
Seattle, WA -- (SBWIRE) -- 12/04/2019 -- Empty capsules are used to store powders, medicines, and herbs and available in a variety of shapes and sizes. They are classified into gelatin capsules and non-gelatin capsules. They are widely used across the pharmaceutical industry for the formulation of drug and dietary supplements. They are composed of materials such as pullulan, starch, hydroxypropyl methylcellulose, and gelatin. Empty capsules are also in the treatment of cancer by using personalized medicine formulation techniques.
Growing incidence of chronic cases which demand various therapies is expected to foster the market growth of Asia pacific empty capsule. Moreover, the growing geriatric population and an increasing number of people suffering from cancer in the region especially in China and India is further expected to propel regional market growth of empty capsules. According to the European Society for Medical Oncology, Asia has seen nearly half of the new cases and more than half of the cancer deaths in 2018, partly because the region has almost 60% of the world's population and partly because the region has a higher frequency of certain cancer types, such as liver and stomach cancer.
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Moreover expanding pharmaceutical industry in Asia Pacific region is another major factor augmenting the growth of Asia Pacific empty capsules market. According to the Conference Series. Com Asia Pacific is the third-largest pharmaceutical market in the world after North America and Europe. Pharmaceuticals mount the lion share in terms of volume, having evolved into a US $959 billion industry that generates more than 60 percent of the segment with growth expected to reach 5.3 percent per annum between 2012 and 2017. Total sales of prescription drugs and over-the-counter (OTC) medicines have increased from USD276.6bn in 2013 to USD384.7bn in 2018, representing a five-year compound annual growth (CAGR) of 7.0%.
However, price fluctuations regarding gelatin material, ethical concerns, and strict rules and regulations in the pharmaceutical industry are projected to hinder the market growth of empty capsules.
- In May 2017, Sunil Healthcare Ltd expands production capacity of empty hard gelatine capsules at its Alwar (Rajasthan) facility by 30 percent. The company at present has about 7.7 billion capsule manufacturing capacity, which it intends to raise to 10 billion capsules.
- In January 2017, ACG is planning to expand its footprint across the globe by focusing on quality products. The company is engaged in making empty hard capsule shells for pharmaceutical customers and is the largest producer among pharmaceutical-grade hard gelatine capsule manufacturers in the world.
In this report, the Asia-Pacific Empty Capsules market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.
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Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Empty Capsules for these regions, from 2014 to 2025 (forecast), including
Asia-Pacific Empty Capsules market competition by top manufacturers/players, with Empty Capsules sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
--Snail Pharma Industry
On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into
--Gelatin (Porcine, Bovine, Bone Meal)
--Non-Gelatin (HPMC, Pullulan)
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Empty Capsules for each application, includin
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