Market Outlook: Empty Capsules Market Globally Grow at a CAGR of 8.1% by Revenue During the Period 2017-2024

The Global Empty Capsules Market accounted to USD 1.94 billion in 2016 growing at a CAGR of 8.1% during the forecast period of 2017 to 2024.

Pune, India - August 8, 2017 /MarketersMedia/ —

Global Empty Capsules Market, By Product {Gelatin (Porcine, Bovine, Bone Meal), Non-Gelatin (HPMC, Pullulan)}, Application (Antibiotics, Vitamins, Anti-Inflammatory, Ant anemic), End User (Pharmaceutical, Nutraceutical, Cosmetics), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

Empty capsules are produced using gelatin, which is derivedfrom animal protein (pork skin, fish and animal bones) and plant polysaccharides or their subordinates such as starch, HPMC, pullulan and others.

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On the basis of product, global empty capsules market is segmented intogelatin and non-gelatin. Gelatin is further sub segmented into porcine, bovine, and bone meal.

On the basis of application, global empty capsules market is segmented intoantibiotics, vitamins, anti-inflammatory and ant-anemic.

On the basis of end user Global Empty Capsules Market, is segmented intopharmaceutical, nutraceutical and cosmetics. Here, pharmaceutical segment held the largest market share in 2015 because of increase demand due to its high absorption rate.

Based on geography, the market is segmented into five geographical regions:

North America
South America
Europe
Asia-Pacific(APAC)
Middle East and Africa(MEA)
Major Market Drivers and Restraints:

Growth in Aging population
More utilization of empty capsules
Increase in creative innovations
Rising consumer preferences towards capsules based formulation

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The Global Empty Capsules Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in this market are

Philips Healthcare
GE Healthcare
Cardinal Health Inc
Siemens AG
Digirad Corporation
Mediso Medical Imaging Systems, Ltd
Toshiba Medical Systems Corporation
DDD-Diagnostics A/S
Neusoft Medical Systems Co. Ltd
Mallinckrodt plc, SurgicEye GmbH
CMR Naviscan Corporation (U.S.),

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