Preface:
1. according to the market forecast, the global hollow capsule Market will grow from US $1.95 billion in 2018 to US $2.79 billion in 2023, with a compound annual growth rate (CAGR) of 7.4% during the forecast period.
2. through this market analysis, it is expected that the main factors that will promote the empty capsule Market are: the growing elderly population increasingly adopts capsule preparations, the growth of the pharmaceutical market, the increasing R & D activities and clinical trials, and the progress of capsule delivery technology. The purpose of this report is to define, describe and forecast the size of the empty capsule Market according to the type, performance, application, end-user and region.
Capsule type analysis:
Among the types of capsule field, the plant capsule field is expected to grow at the highest compound annual growth rate in the forecast period. The increasing demand for non animal products and the advantages of these capsules over gelatin products, such as low moisture absorption, physical stability, stability in different temperature and humidity ranges and low moisture content, will drive the growth of this segment market.
Capsule performance analysis:
Quick release capsules (with short disintegration time) will play a crucial role in the capsule field, because Vulcan capsules are widely used in the manufacture of antibiotics, antibiotics, antacids, analgesics, inhalants, cold and cough pharmaceutical preparations and dietary supplements. In addition, quick release capsule is also the most commonly used prescription capsule for the treatment of various diseases and disorders.
Capsule application analysis:
The dietary supplement sector has the highest compound annual growth rate in the forecast period, and it is expected that the dietary supplement sector will have a faster growth rate in the market. The increase in health awareness and affordability in emerging countries (such as India, China and Brazil), the increase in the incidence rate of lifestyle diseases and the increase in the use of vitamin capsules as over-the-counter drugs all contribute to the growth of this field.
Capsule Market (end users and regions) analysis:
1. in the forecast period, North America is expected to be the region with the largest empty capsule Market, followed by Europe. The reason for the highest market share in North America can be attributed to the existence of existing large capsule manufacturers and the use of large-scale production capacity of these capsules by some pharmaceutical giants. The increasing emphasis on high-quality drugs and generic drugs has also led to an increase in the demand for empty capsules. With the remarkable growth of the pharmaceutical manufacturing industry in the Asia Pacific region in the past few years, several factors are expected to drive the amazing growth in the region. These factors include the growing pharmaceutical manufacturing capacity of the region and the large patient population.
2. it is expected that in the next 10 years, the market share of hollow capsules in the Asia Pacific region will increase significantly. The reason is that with the continuous growth of national and citizen health awareness, the demand for health care products is increasing, which will promote the demand and output of health care products factories and pharmaceutical factories for hollow capsules. Please see the figure below (share of global hollow capsule Market)
In summary:
1. within the current research scope, the above market segments are covered in five regions of the world, namely - America, Europe, Asia Pacific, the Middle East and Africa. The empty capsule Market in the Americas is divided into North America and South America. North America is subdivided into the United States and Canada. America has the largest market share in the global empty capsule Market. Europe is the second largest market after the Americas.
2. Europe consists of two regions, Western and Eastern Europe. Western Europe holds the main market share, mainly contributed by Germany, Britain and France. The main factors that promote the growth of the empty capsule Market include the growing application of the health care products market and the continuous prevalence of diseases.
3. the Asia Pacific region is the region with the fastest growth in the empty capsule Market. The growth of this market in the Asia Pacific region is driven by the increasing demand for better diagnostic equipment, better and safe treatment methods, rapidly improved technologies and the existence of a large patient population.
