A capsule is the encapsulation of dosage forms, in a relatively stable shell, allowing them to be taken orally or be used as suppositories. Empty capsules are the most common option to store herbs, powders and medicines. Mainly there are two types of capsules - Hard-shelled capsules, containing dry, powdered ingredients and miniature pellets which are made through extrusion or spheronization.
The Empty Capsules Market is growing due to several factors such as, growing geriatric population, increasing incidence of chronic diseases, and advancement in product by manufacturers.
The increased prevalence of geriatric population associated with chronic conditions imposes a high demand to produce medicines to treat chronic health conditions. The geriatric population mostly prefers capsules in the solid dosage forms as they are easy to swallow, they have faster dissolution times, and the decreased gastrointestinal irritation caused by capsules. In 2017, the number of Americans ages 65 and older was around 46 million, and it is expected to be 98 million by 2060. The 65-and-older age group’s share of the total population is expected to rise by 24% in 2060 from 15% in 2017. Hence, growing geriatric population is one of the major factors driving the growth of the empty capsules market globally.
However, rising prices of gelatin and stringent regulations in pharmaceutical industry are hampering the growth of the empty capsules market. Increasing demand for leather and the shortage of animal bone and pigskin have led to the closure of some factories that were unable to obtain enough raw material, hence leads to slow in the rate of supply.
By product type, the Empty Capsules Market is segmented into gelatin capsules, and non-gelatin capsules. Among these, gelatin capsules accounted for the largest market share in 2018. Gelatin is widely used in the empty capsules market due to its softness, lack of a notable odor or taste, and stability across a wide temperature range.
Based on applications, the empty capsules market is segmented into anti-inflammatory drugs, antibiotic & antibacterial drugs, antacid & antiflatulent preparations, vitamins & dietary supplements, antianemic preparations (hematinic), cardiovascular therapy drugs, and others. Among these, the vitamins & dietary supplements segment is expected to grow at the highest CAGR during the forecast period 2019-2026, owing to rising health awareness and increasing affordability in emerging countries (such as China, India, and Brazil), growing prevalence of chronic diseases, and increasing use of vitamin capsules due to their availability as over-the-counter (OTC) drugs.
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America holds the dominant market share for empty capsules in 2018, and it is expected to maintain the growth over the forecast period, due to the factors, such as the increasing number of ongoing research activities, the growing preference for capsule-based nutraceutical formulations, and increasing approvals to sell the product in this region. The demand for empty capsules is increasing in nutraceutical industry due to rising major health problems, such as obesity, cancer, and arthritis in this region.
Some of the major players in the Empty Capsules market are: Capscanada Corporation, ACG Group, Snail Pharma Industry Co. Ltd, Bright Pharmacaps Inc., Capsugel, Medi-Caps Ltd, Qualicaps, Roxlor LLC, Suheung Co. Ltd, and Sunil Healthcare Limited, among others.
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