The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global empty capsules market is experiencing a robust growth trajectory, with projections indicating an increase from $2.71 billion in 2022 to $2.96 billion in 2023, boasting a Compound Annual Growth Rate (CAGR) of 9.2%. Let’s delve into the key drivers, trends, and major players shaping this dynamic market.

A Healthy Outlook: Prevalence of Chronic Diseases
The surge in chronic diseases, lasting three months or longer and encompassing ailments like cancer, heart disease, stroke, diabetes, and arthritis, is a significant catalyst for the growth of the empty capsules market. These capsules play a pivotal role in drug delivery, ensuring efficient administration without altering drug formulations. Notably, chronic illnesses are on the rise in the United States, contributing to annual healthcare costs of $3.7 trillion, or 19.6% of the GDP. As chronic disease incidents among children and young people escalate, the demand for empty capsules is set to rise.

Market Players
Several major players navigate the empty capsules market, each contributing to the industry’s growth. Key stakeholders include ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., and others.

Innovations Shaping the Market
Product innovations emerge as a key trend in the empty capsules market, with major companies striving to fortify their positions through the development of new and improved products. For instance, in October 2021, CapsCanada, a Canada-based pharmaceutical company, introduced a novel liquid-filled hard capsule manufacturing service. This innovation aims to facilitate full-scale production, providing a less complex and capital-intensive alternative to manufacturing soft gels. The availability of filling equipment at various scales, from benchtop to production, enhances versatility in the production process.

Market Segmentation
Understanding the nuances of the empty capsules market is essential. The market is segmented based on various parameters:

1) By Type

• Gelatin Capsules
• Non-Gelatin Capsules

2) By Functionality

• Immediate-release Capsules
• Sustained-release Capsules
• Delayed-release Capsules

3) By Application

• Antibiotic and Antibacterial Drugs
• Dietary Supplements
• Antacid and Antiflatulent Preparations
• Antianemic Preparations
• Anti-inflammatory Drugs
• Cardiovascular Therapy Drugs
• Cough and Cold Drug Preparations
• Other Therapeutic Applications

4) By End-User

• Pharmaceutical Industry
• Nutraceutical Industry
• Cosmetic Industry
• Research Laboratories

Regional Dynamics
North America stands as the largest region in the empty capsules market, holding a significant share in 2022. However, the market is dynamic, and changes are anticipated in the coming years.

Future Projections
Looking ahead, the empty capsules market is poised to continue its upward trajectory, reaching $4.15 billion in 2027 at a CAGR of 8.9%. The industry’s resilience and adaptability, coupled with ongoing innovations and an increasing focus on addressing chronic diseases, position it as a crucial player in the pharmaceutical landscape.

View More On The Empty Capsules Market Report 2023 – https://www.thebusinessresearchcompany.com/report/empty-capsules-global-market-report

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The Empty Capsules Global Market Report 2023  provides a comprehensive overview on the empty capsules market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the empty capsules market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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