The global medical use empty capsule market is anticipated to grow at a CAGR of 7.8% during the forecast period (2022-2028). According to the World Health Organization (WHO), chronic diseases such as cardiovascular disease, cancer, respiratory disease, and diabetes would account for 17.9 million, 9.3 million, 4.1 million, and 1.5 million deaths globally in 2021. The market is expected to develop as the incidence of chronic diseases rises and the demand for therapeutic medications rises. The rise in the incidence of geriatrics, who are more susceptible to chronic diseases, as well as the increased demand for immunity boosters and dietary supplements to improve strength, are driving the expansion of the medical use empty capsules market.
Therapeutic medications are enclosed in hard and soft gelatin empty capsules, increasing the demand for capsule production and propelling the market for empty capsules forward. The market is expected to develop due to an increase in capsule drug delivery type. As individuals become more aware of the need of maintaining excellent health, the market for healthcare supplements grows. For instance, in March 2021, CapsCanada Corp’s Liquid-Filled hard capsule manufacturing service is launched in North America.
Some major players in the market include ACG Worldwide, Bright Pharma Caps Inc, CapsCanada Corp, Lonza Group Ltd., Medi-Caps Ltd, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2019, ACG Capsules has released the ‘ACGcaps H+’ line of clean-label, strong, and inert HPMC capsules to fulfill a wide range of nutraceutical and pharmaceutical needs. Gelatin, animal by-products, wheat, gluten, starch, or any other gelling agent are not used in the formulation of ACGcaps H+ capsules, making them suitable for hygroscopic and moisture-sensitive compositions. It is shown to be the greatest vegetarian and clean-label capsule alternative for consumers. The ACGcap H+ capsules can be used to fill powders, granules, and pellets for pharmaceutical ingredients, traditional remedies, nutraceutical dietary supplements, and other formulations, both prescribed and non-prescribed.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- ACG Worldwide, Bright Pharma Caps Inc, CapsCanada Corp, Lonza Group Ltd., Medi-Caps Ltd, among others.
A full report is available at: https://orionmarketreports.com/global-medical-use-empty-capsule-market/96555/
Global Medical Use Empty Capsule Market Report by Segment
By Product
- Gelatin Capsules
- Non-Gelatin Capsules
By End-User
- Pharmaceutical Manufacturers
- Nutraceutical Manufacturers
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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