Capsules are useful in the delivery of medicinal products, powders, and herbs. There is a huge increase in medication due to an increase in the geriatric population, rising research and development activities. The increasing use of nutraceuticals, healthcare supplements, and medication has increased the demand of hard capsules.
MARKET SCOPE
The "Global Hard Gelatin Capsule Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Hard Gelatin Capsule market with detailed market segmentation by type, application, and end user. The report provides key statistics on the market status of the leading Hard Gelatin Capsule market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, gelatin based hard capsule and vegetarian based hard capsule.
- Based on application the market is segmented as, oral, cosmetic, and clinical research.
- Based on end user the market is segmented as, pharmaceutical companies, cosmetic and neutraceutical companies, clinical research, and organizations.
MARKET DYNAMICS
Drivers:
- Rising prevalence of immune disorders and health issues.
- Rising number of geriatric population.
- Extensive R&D efforts by pharmaceutical and biotech companies to develop novel therapies is expected to fuel the market growth.
Restraints:
- Whereas, high cost of treatment is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Hard Gelatin Capsule market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Hard Gelatin Capsule market in these regions.
IMPACT OF COVID-19 ON HARD GELATIN CAPSULE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Hard Gelatin Capsule market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Hard Gelatin Capsule market are anticipated to lucrative growth opportunities in the future with the rising demand for Hard Gelatin Capsule in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Hard Gelatin Capsule market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BRIGHT PHARMA CAPS INC.
- SUNIL HEALTHCARE LTD.
- CAPS CANADA CORPORATION
- ROXLOR LLC
- SNAIL PHARMA INDUSTRY CO. LTD.
- SUHEUNG CO. LTD.
- MEDI CAPS LTD.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.