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The global enteric empty capsules sales market size is estimated to grow by USD 55.74 million between 2021 to 2026 accelerating at a CAGR of 12.59%.
This enteric empty capsules sales market report extensively covers market segmentation by End-user (pharmaceutical, health supplements, and others) and Geography (North America, Asia, Europe, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges.
The growth of the market depends on several factors such as the rising incidence of gastrointestinal diseases, increasing clinical trials and research, and growing demand for vegetarian-based empty capsules.
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Due to the COVID-19 outbreak in the region, the demand for enteric empty capsules rose in 2020. The supply chain disruption and economic downturn impacted the regional pharmaceutical industry in the first half of 2020. However, the demand for generic and branded medicines effective in treating congestion and fever increased, prompting pharmaceutical retailers to find solutions to maintain the supply.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global prevalence of gastrointestinal diseases, including gallstones, ulcerative colitis, hemorrhoids, IBD, and GERD, has risen due to factors such as an unhealthy diet, inactivity, stress, food sensitivity, and infections. Chronic gastrointestinal diseases can lead to medical complications if not treated promptly. IBD is a prevalent disease causing inflammation of the gastrointestinal tract, with forms like Crohn's disease and ulcerative colitis. People with IBDs are prone to developing other chronic conditions such as cancer, respiratory, liver, kidney, and cardiovascular diseases. GERD is another chronic disease that affects all ages and has various associated medical complications. Consequently, the demand for drugs such as antacids, laxatives, and antibiotics to treat gastrointestinal diseases has increased, leading to growth in the global enteric empty capsules sales market.
The increasing occurrence of severe to moderate gastrointestinal diseases like Crohn's disease, ulcerative colitis, and others is driving the demand for advanced therapies. Pharmaceutical and biotech companies are concentrating on research and development to create new products for treating gastrointestinal diseases, leading to an increase in their product pipeline. This focus on developing novel therapeutics to effectively treat gastrointestinal diseases is expected to drive growth opportunities in the global enteric empty capsules sales market during the forecast period. The development of drugs for gastrointestinal diseases by regional and global vendors is anticipated to add significant value to the market's growth during the forecast period.
Counterfeit pharmaceutical products pose a significant risk in the supply chain, potentially endangering consumers' lives and causing financial losses for vendors and packaging providers. Counterfeit drugs can enter the supply chain at various points, from initial theft or replacement to reverse logistics operations. Counterfeit products can harm a brand's reputation and consumer confidence, making it challenging for the global enteric empty capsules market to grow. The US government has taken measures to combat counterfeiting, such as implementing the Drug Quality and Security Act in 2013 to improve traceability by implementing complete serialization throughout the supply chain by 2023. This will enhance the traceability system for prescription drugs, allowing manufacturers, hospitals, and pharmacies to monitor them.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Sunilhealthcare- The company offers IT business process outsourcing services for geospatial data services, digital interactive services, and business transformation services.
The report also includes detailed analyses of the competitive landscape of the market and information about prominent and key market vendors, including:
Technavio’s report consists of a holistic analysis of the key development Analysis, development stage, key market players, their marketing strategies, and powerful innovations to help any client gain a competitive edge.
The enteric empty capsules sales market share growth in the pharmaceutical segment will be significant during the forecast period. The rise in the geriatric population globally and the demand for quick pharmaceutical services are the two prominent factors driving the production of therapeutics to cure various diseases, including gastrointestinal diseases, which, in turn, will drive the growth of the pharmaceutical segment of the global enteric empty capsules sales market during the forecast period.
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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for enteric empty capsules sales market in North America. Market growth in this region will be slower than the growth in other regions.
The rising incidence of gastrointestinal diseases will facilitate the enteric empty capsules sales market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
Enteric Empty Capsules Sales Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.59% |
Market growth 2022-2026 |
USD 55.74 million |
Market structure |
Concentrated |
YoY growth (%) |
12.16 |
Regional analysis |
North America, Asia, Europe, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Germany, UK, China, and India |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
ACG, Ajix Inc., Anhui Huangshan Capsule Co. Ltd., Healthcaps India Ltd., Lonza Group Ltd., Natural Capsules Ltd., Ningbo Jiangnan Capsule Co. Ltd., Qualicaps Co. Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Snail Pharma Industry Co. Ltd., and Sunil Healthcare Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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