Empty capsule Market Size To Expand at a Notable CAGR Of 7.8 % During 2023 - 2032

Pune, India,January, 2022/MRFR Press Release/- Market Research Future published a half-cooked research report on the Global Empty Capsule Market.

Market Highlights

The Empty capsule Market is expected to reach USD 2.94 Billion by 2032 at 7.8% CAGR during the forecast period 2023 -2032.In the recent years, the global pharmaceutical industry has witnessed growth, owing to the growing burden of diseases, rising healthcare sector, and increasing government support. According to the facts and figure sheet published by the International Federation of Pharmaceutical Manufacturers (IFPMA) in 2017, the global pharmaceutical market is estimated to reach a worth of ~USD 1,430 billion by 2020. The Middle East & Africa pharmaceutical market is not an exception and is estimated to grow on similar backgrounds. According to the US-UAE Business Council, the UAE pharmaceutical market reached a worth of USD 2.41 billion in 2015. This accounted for approximately 15.6% of the total healthcare expenditure.            

Moreover, in accordance with a study published by the Journal of Advanced Pharmacy Education & Research in 2014, it was mentionable that capsule-dosage nearly occupied 10% of the total dosage market. Furthermore, the study postulated that ~20% share in all the dispensed prescriptions stood for capsule-based drug delivery. Such capsule-consumption trends are estimated to be followed in the Middle Eastern and African region. Thus, the growing pharmaceutical sector is estimated to provide ample opportunities for the capsule market to grow within the Middle Eastern and African region.

Segmentation

The Global Empty Capsule Market is segmented based on raw materials, physical characteristics, certification, end user and region.

On the basis of raw materials, the market is segmented into Bovine, Porcine, Non-gelatin. Further, on the basis of physical characteristics the market is segmented into hard capsules, soft capsules. certification is segmented into halal certification, non-halal certification and others. On the basis of end user, the market is segmented into pharmaceutical industries, academic & research organizations.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Empty capsule Market Research Report

Regional Analysis

The Global Empty Capsule Market is segmented on the basis of regions: Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounted for the major share of the market owing to the huge patient population, well-developed technology, and high healthcare expenditure. Asia Pacific accounted for the second largest market, which is followed by Europe. Asia Pacific is the fastest growing empty capsule market owing to rapidly changing healthcare sector. However, the Middle East & Africa has the least share in the market owing to the presence of poor and slow developing countries, especially, in African region. The Middle East held the major share of the regional market due to well-developed infrastructure and high spending.

Key players

Some of the key players in the global Empty capsule market are Neopharma, Tabuk Pharmaceuticals, Julphar, Roxlor, QUALICAPS, ACG-Associated Capsules, Medi-Caps Ltd, Capsugel, ACDIMA, NecLife, Sunil Healthcare Limited, Arab Caps and others