(PharmaNewsWire.Com, August 17, 2018 ) The Global Empty capsules market is valued at about$1568.18 million in 2018 and envisioned to be developing at a CAGR of 7.5%, to attain $ 2251.33 million by 2023. Capsules are relatively stable shells that include or encapsulate medicines that contain variety dosage forms. Empty capsules allow customers to fill colorants, bulking dealers, and fillers on their own in the tablet. It additionally allows the consumer to combine specific components together and consequently determine the specifications of the capsules. Empty pills are safe, inexpensive, and are natural in nature as compared to the readymade capsules. As an alternative meal for kids, it includes spices, vegetables, and herbs.
Increase in popularity of capsules over other drug delivery forms is to drive the market growth Factors affecting market growth: Increase in popularity of capsules over other drug delivery forms (+) Abnormal growth in geriatric population (+) Technological innovations (+) Escalating consumer preference towards capsule based formulations (+) Intensifying demand for non-gelatin capsules (+) Stringent regulatory frameworks and religious issues (-) Rising prices of the gelatin (-)
Non-Gelatin capsules is estimated to be the fastest section of the market Market Segmentation The Global Empty capsules market is segmented on the basis of Product Type Gelatin Capsules Non Gelatin Capsules Therapeutic Application Antibiotic and Antibacterial Drugs Vitamins and Dietary Supplements Antacid and Antiflatulent Preparations Antianemic Preparations Anti-Inflammatory Drugs Cardiovascular Therapy Drugs Cough and Cold Preparations Other therapeutic applications End User Pharmaceutical Industry Nutraceutical Industry Cosmetics Industry Research Laboratories
Non-Gelatin capsules are envisioned to be the fastest section because of increasing desire for stuffed capsules. Dietary supplements and vitamins segment are predicted to be the quickest growing section, with a promising future potential.
Key players: The main firms of the market include 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
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