The market size of the Global Advanced Empty Capsule market in the year 2021 is valued at 1.47 billion and is predicted to reach 3.42 billion by the year 2030 at a 10.01% CAGR during the forecast period.
Advanced Empty Capsule are capsules that can be used to deliver any kind of medication or drug and are manufactured in a way that they do not interfere with the chemical formulation of drugs. There are multiple types of empty capsules designed for various drug delivery procedures. They are expected to gain popularity as the focus on healthcare increases and the prevalence of chronic diseases increases on a global scale. Empty capsules are also popular among the geriatric population, which is witnessing growth on a worldwide level. Increasing investments in healthcare research and development, the launch of new drugs, and the rising consumption of nutraceuticals will also boost demand for Advanced Empty Capsule through 2028. The nutraceuticals segment is expected to provide highly beneficial opportunities over the coming years. This report also offers the impact of the 2020 pandemic, which led to a downfall in sales and production of Advanced Empty Capsule. The Advanced Empty Capsule market is expected to make a reasonable recovery in the post-pandemic era as the world returns to normal.
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List of Prominent Players in the Advanced Empty Capsule Market:
Capsugel (Lonza Group Ltd.)
Sunil Healthcare Ltd.
Snail Pharma Industry Co. Ltd.
Suheung Co., Ltd.
Bright Pharma Caps Inc.
Fuji Capsule Co., Ltd.
Erawat Pharma Limited
Health Caps India
LFA Machines Oxford
Mitsubishi Chemical Holdings Corporation
Qingdao Yiqing Medicinal Capsules
Shanxi Guangsheng Medicinal Capsule
Shaoxing Kangke Capsule
Shaoxing Zhongya Capsule
Shree Pharma Caps
Zhejiang Yuexi Capsule
Other Prominent Players
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Increased prevalence of chronic diseases and rising focus on healthcare are significant factors that fuel consumption of Advanced Empty Capsule over the years to come. The increasing geriatric population is also expected to favour Advanced Empty Capsule sales across the forecast period. Augmented investments in research and development in the healthcare sector and rising support from governments are also expected to favour Advanced Empty Capsule market potential through 2030.
The major challenge for Advanced Empty Capsule manufacturers is to ensure proper availability of raw materials for manufacturing of Advanced Empty Capsule, and this is expected to have a hindering effect on the Advanced Empty Capsule market potential in the long run. Other factors such as new drug delivery technologies and increasing preference for vegetarian-based alternatives are expected to have a slowing effect on the global Advanced Empty Capsule demand through 2028.
The market for Advanced Empty Capsule in North America is anticipated to hold a significant market share over the forecast period and is further anticipated to provide lucrative opportunities for Advanced Empty Capsule companies. The rising number of investments in research and development and the presence of developed healthcare infrastructure are expected to prominently drive Advanced Empty Capsule market growth. The increasing geriatric population in the region will further shape the Advanced Empty Capsule market potential through 2028. The United States and Canada are expected to be the most significant markets in this region, owing to high healthcare spending potential and the rising availability of pharmaceutical and nutraceutical products. The Asia Pacific region is also anticipated to rise at a fast CAGR due to the increasing focus on healthcare and easy availability of empty capsules.
In October 2020, Lonza announced that it would be expanding its manufacturing capacity by investing US$ 93 million in its capsules and healthcare division, which will boost the Advanced Empty Capsule market potential.
Advanced Empty Capsule Market Segmentation:
Advanced Empty Capsule Market Segmentation: By Product Estimates & Trend Analysis
o Immediate-Release Capsules
Time Delayed-Release Capsules
Advanced Empty Capsule Market Segmentation: By Raw Materials Estimates & Trend Analysis
o Contract Type-A (Pork Skin
o Type-B Gelatin (Animal Bones & Calf Skin)
o Fish Bone Gelatin
o Hydroxy Propyl Methyl Cellulose (HPMC)
Advanced Empty Capsule Market Segmentation: By Capsule Size Estimates & Trend Analysis
Advanced Empty Capsule Market Segmentation: By End-Users Estimates & Trend Analysis
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