(PharmaNewsWire.Com, February 09, 2017 ) According to the report North America Empty Capsules Market, published by Market Data Forecast, the North American market is projected to reach USD 1948 million by 2021, at a CAGR of 7.5% from 2016 to 2021.
Empty Capsules are generally made from Gelatin, which is derived from plant or animal origin. These capsules are made in to two halves one half is used to fill the drug while other is used to seal it which are used as different dosage form for prescription and OTC drugs, nutrient supplements and herbal products.
North American Empty Capsules market growth is majorly driven by increasing number of pharmaceutical and nutraceuticals companies. Growing consumer preference for capsule based formulations is also driving the growth of the market. However increasing raw material costs, stringent regulatory approval policies and cultural issues concerned with the consumption of capsules containing animal derived ingredients are hindering the market growth.
North America Empty Capsules market is segmented into product, therapeutic application and End User. Based on product the market is further sub-segmented into Gelatin Capsules and Non-Gelatin Capsules. On the basis of therapeutic application global market for Empty capsules is segmented 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 into Pharmaceutical Industry, Cosmetics Industry, Nutraceutical Industry and Research Laboratories.
Empty Gelatin Capsules is Segmented By Product Gelatin Capsules Non-Gelatin Capsules By Therapeutic Application Antibiotic and Antibacterial Drugs Vitamins and Dietary Supplements Antacid and Ant Flatulent Preparations Antianemic Preparations Anti-inflammatory and Anti-rheumatic Drugs Cardiac Therapy Drugs Cough and Cold Preparations and Other Therapeutic Applications
By End User: Pharmaceutical Industry Nutraceutical Industry Cosmetics Industry Research Laboratories
Geographical Segmentation 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 Empty Capsule market study offers the following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment 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 An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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