Empty Capsules Market Share, Supplier, Competitors and Manufacturers to 2024

Product Insights
According to the product type, empty capsules market is categorized into non-gelatin and gelatin capsules. In
2015, the gelatin capsules segment accounted for the largest market share and is anticipated to maintain its
dominant position over the forecast period owing to the increase in use of gelatin capsules for formulating novel
drug delivery systems and easy availability of gelatin for manufacturing purpose.
However, non-gelatin segment is expected to experience a comparatively faster growth at a CAGR of 6.89% over
the forecast period. Major factors contributing to the growth of this segment include the strict government
regulations for use of animal-derived gelatin, incompatibilities of certain drugs with gelatin capsules and better
stability of non-gelatin capsules, which is expected to increase the demand for non-gelatin capsules.
Therapeutic Application Insights
Major therapeutic application of empty capsules can be segmented into cold and cough preparations, antianemic
preparations, anti-flatulent and antacid preparations, dietary and vitamin supplements, cardiac therapy
drugs, anti-rheumatic and anti-inflammatory drugs, anti-bacterial and antibiotic drugs, and other therapeutic
applications.
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In 2015, antibacterial and antibiotic drugs segment accounted for the largest market share owing to the high
prevalence of various chronic conditions and infectious diseases that are expected to impose high pressure on
the pharmaceutical industries and consequently boost the empty capsule market over the forecast period.
Regional Insights
North America’s accounted for highest share of the total empty capsules market in 2015 and is expected to grow
at a CAGR of 6.1% during the forecast period owing to the high penetration rate of cosmeceutical and
nutraceutical industry along with rising awareness of nutraceutical products among the consumers.
Asia-Pacific is expected to witness the fastest growth over the forecast period. This growth can be attributed to
the increase in proliferation of pharmaceutical industry, rising awareness regarding cosmeceuticals and
nutraceuticals products, improved healthcare infrastructure, and less stringent government regulations in the
nutraceutical industry.