The Global Empty Capsules market is anticipated to reach USD 2.90 billion by 2027, according to a new report by Reports and Data. The growth factors that drive this are the rise of Geriatric populations, the expansion of global pharmaceutical, nutraceutical and cosmeceutical industries and the increase in capsule-over-tablet market preference.
The increasing population count and the chronic disorders associated with this rise are expected to raise demands in the pharmaceutical and nutraceutical areas for the manufacturing of capsule-centered medicines. In addition, the benefits linked to the use of capsules, such as easy swallowing, faster absorption and improved palatability are expected to significantly contribute to market expansion during the prediction period.
Top companies operating in the market and profiled in the report include:
ACG Associated Capsules Pvt. Ltd., Capsugel, Inc., CapsCanada Corporation, JC Biological Technology Co. Ltd, Medicaps Ltd., Mitsubishi Chemical Holdings Corporation, Qualicaps, Inc., Patheon, Inc., Sunil Healthcare Ltd., and Roxlor LLC, among others.
The COVID-19 pandemic is expected to impact corporate growth. In the wake of the COVID 19 pandemic, major corporations have declared a suspension of production as a result of decreased demand and supply chains and the safeguarding of their employees. The demand for solutions is predicted to decrease by 2020. Farmers should change demand so that bottlenecks can be avoided. Tier 1 players accept, in particular in the United States and major European countries that development is unlikely to resume in the immediate future due to the extreme pandemic in the remaining quarter of 2020.
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The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products. Top companies in the market are focusing on RD activities to expand their product offerings and cater to unmet medical needs.
This report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
For the purpose of this study, Reports and Data have segmented the Empty Capsules market on the basis of Product, Therapeutic Application, End-Use, and region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Gelatin Capsules
- Non-Gelatin capsules
Therapeutic Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Antibiotic and antibacterial drugs
- Vitamin and dietary supplements
- Antacids and ant flatulent preparations
- Antianemic preparations
- Anti-inflammatory and anti-rheumatic drugs
- Cardiac therapy drugs
- Cough and cold preparations
End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Pharmaceutical industries
- Nutraceutical industries
- Cosmeceutical industries
- Research laboratories
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Regional Analysis covers:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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