According to the report “Asia-Pacific Empty Capsules Market,” 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.
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. . Empty capsules are available in numerous sizes depending on the dosage of medicine to be administered. The use of gelatin to make capsules is most widespread because the material renders several advantages, including but not limited to better stability in various temperature ranges, its odorlessness and tastelessness, and softness, which makes it easy to swallow. However, the market also features capsules made of other nongelatin-based materials.
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Asia-Pacific Empty Capsules Market: Drivers & Restraints
Asia-Pacific empty capsules market is driven by growing applications in pharmaceutical and nutraceuticals companies. Growing consumer preference towards capsule based formulations and increasing disposable income are some of the key factors driving the market growth. However rapidly increasing raw material costs and issues associated with the consumption of capsules containing animal derived ingredients are the key factors restraining the growth of the Asia Pacific Empty Capsules market
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Asia-Pacific Empty Capsules Market: Segmentation
By Product Type
- Gelatin Capsules
- Non Gelatin Capsules
By Therapeutic Applcation
- 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
By End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
- Research Laboratories
Fromsimple data collation through secondary and primary research toad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/asia-pacific-empty-capsules-market-443/customize-report
Asia-Pacific Empty Capsules Market: Overview
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 demand for capsules is growing on account of the mounting consumption of medicines worldwide. This trend augurs well for the global empty capsules market, where growth has thus far been driven by the demand for both nongelatin and hard gelatin capsules. The changing demographics of the world have necessitated the greater production of medicines to treat various kinds of diseases. Capsules, being among the most versatile forms of administering drug doses, are thus expected to be consumed in larger volumes over the next few years.
The typical capsule is made from gelatin and encloses either a single medicinal ingredient or a combination of the same. The demand for empty capsules is expected to rise substantially in the years ahead thanks largely to the overall growth and expansion of the global pharmaceuticals industry. Moreover, the greater demand for nutraceuticals will also provide the global capsules market an opportunity to expand as several food supplements and functional foods are encapsulated to make them convenient for on-the-go consumption.
Asia-Pacific Empty Capsules Market: Region-wise Outlook
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
.Key Questions Answered
- What is the current and future Empty Capsules Marketoutlook worldwide? What trends are affecting the Asia-Pacific market?
- What is the competitive landscape and market share of major players in the Empty Capsules spacein Asia-Pacific?
- What are the key, high growth markets that Empty Capsules manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Empty Capsules currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Empty Capsules?
- What are the challenges and barriers that have hindered widespread adoption of Empty Capsules?
Asia-Pacific Empty Capsules Market: Key Players
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
Reasons to buy Asia-Pacific Empty Capsules MarketReport:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Pharmaceuticals Segment:
Asia-Pacific Advanced Infusion Systems Market: http://www.marketdataforecast.com/market-reports/asia-pacific-advanced-infusion-systems-market-1302/
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