The global market for empty medicine capsules
is highly competitive. Key players account for more than 70% of the market, and they focus on the development of new products and adopt various growth strategies, such as mergers and acquisitions. However, new entrants to this market may face challenges owing to this fierce competition.
The increasing prevalence of chronic diseases is increasing the demand for pharmaceuticals. This is expected to boost the market for empty capsules. Moreover, the cost-effective manufacturing and favorable tax rates in developing regions will help manufacturers to expand their manufacturing base and capture new opportunities. As a result, the demand for empty medicine capsules will continue to grow.
The demand for empty medicine capsules is expected to grow at a significant rate during the forecast period, thanks to increased adoption of gelatin capsule-based drug delivery systems. In addition, increased awareness about preventive medicine will boost the market. Furthermore, a number of new clinical trials are being conducted for the development of gelatin capsule-based drugs.
Gelatin-based empty medicine capsules are widely used and offer better absorption rates than other pharmaceutical products. In addition, they act as a good solubilizing matrix. This helps improve the efficacy of drugs and patient compliance. Consequently, gelatin-based products are expected to grow at a moderate CAGR during the forecast period.