(PharmaNewsWire.Com, May 18, 2017 ) Asia-Pacific Empty Capsules Market research report published by Market Data Forecast estimates that the market is growing with a CAGR of 12.1% to reach USD 456.4 million by 2021, from USD 257.83 million in 2016, which amounts to a cumulative growth of USD 198.54 million.
Empty Capsules are generally made from Gelatin, which are derived either from plant or animal origin. These capsules are used as dosage form for prescription and OTC drugs, nutrient supplements and herbal products. Gelatin Capsules is the largest product segment accounting for a share of approximately 80% whereas Non-Gelatin capsules is estimated to be the fastest segment with a CAGR due to increasing preference for vegetable origin capsules.
The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Empty Capsules Market bearing either positive or negative outcomes. Some of those factors are Growing applications in pharmaceutical and nutraceuticals companies Growing consumer preference towards capsule based formulations and Increasing disposable income. Increasing raw material costs and Issues associated with the consumption of capsules containing animal derived ingredients
For granular level understanding, the Asia-Pacific Empty Capsules Market is segmented based on product, therapeutic application and End User each being provided with Market Size Estimations and Y-o-Y Forecasts. By product the market is further segmented as Gelatin Capsules and Non-Gelatin Capsules. On the basis of therapeutic application Asia-Pacific market for Empty capsules is analyzed as Antibiotic and Antibacterial Drugs, Antacid and Antiflatulent Preparations, Anti-anemic Preparations, Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, Dietary Supplements and Vitamins, Cough and Cold Preparations and other therapeutic applications. By End User the market is segmented as Pharmaceutical Industry, Cosmetics Industry, Nutraceutical Industry and Research Laboratories.
On the basis of geography Asia-Pacific market for empty capsules is analyzed under various regions namely China, India, Japan, South Korea and Australia. Asia-Pacific is estimated to be the fastest growing region due to increasing government support and increasing demand for nutraceuticals and cosmeceuticals. Within Asia-Pacific, India is estimated to be the fastest growing region due to high population base and increasing healthcare expenditure
Some of the major companies covered in the report are Capsugel, Acg Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd. and Sunil Healthcare Limited.
The antibiotic and antibacterial drugs segment accounted for the largest share of the empty capsules market in 2016. The pharmaceutical industry accounted for the largest share of the market after Gelatin Capsules in 2016.
The Asia-Pacific Empty Capsules Market report offers wide-range of scope: Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries Know more about key areas of industry growth via detailed Segment-level analysis on basis of product, therapeutic application and End User with market size forecasts and y-o-y estimations Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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