Empty Capsules Market by Product (Gelatin Capsules and Non-Gelatin Capsules), Raw Material (Bovine skin,Bovine Bone, Hydroxypropyl Methylcellulose, and Others), Therapeutic Application (Antibiotic & Antibacterial Drugs, Vitamin & Dietary Supplements, Antacids & Anti-flatulent preparations, Cardiac Therapy Drugs, and Others), and End User (Pharmaceutical Manufacturers, Nutraceutical Manufacturers, and Others): Global Opportunity Analysis and Industry Forecast, 2021––2030
The global empty capsules market size was valued at $2,382.7 million in 2020, and is projected to reach $5,230.4 million by 2030, registering a CAGR of 8.1% from 2021 to 2030. Capsule is defined as a solid pharmaceutical dosage form, in which drugs or combination of drugs are enclosed in a shell. Empty capsules are mostly recommended to store powders, drugs, and herbs. Capsules are easier to swallow as compared to tablets. It is used by pharmaceutical manufactures to prepare different therapeutic drugs. Capsule shells are made of gelatin or non-gelatin material (such as pullulan, HPMC, and starch), which is available in various shapes, sizes, and colors. Hard gelatin capsules are widely available in the pharmaceutical industry, which are composed of gelatin and purified water.
According to the World Health Organization (WHO) in 2021, various types of chronic diseases, such as cardiovascular diseases, cancer, respiratory diseases, and diabetes, are responsible for approximately 17.9 million, 9.3 million, 4.1 million, and 1.5 million deaths, respectively. Increase in number of chronic diseases and surge in demand for therapeutic drugs drive growth of the market. Therapeutic drugs are encapsulated in hard and soft gelatin empty capsule, which increases the need for capsule production and propel the empty capsules market growth. Furthermore, surge in capsule drug delivery form is anticipated to fuel growth of the market. In addition, rise in focus on healthcare supplements fuel the market growth, owing to the fact that people are more conscious to maintain good health.
Post time: Mar-07-2022
