Middle East and Africa Empty Capsules Market Size and
Growth Analysis:
Empty capsules market is promised to have constant pace
throughout the forecast period. In the Middle East and Africa (MEA), the market is
accounted for to reach USD 234 million by 2023 and to grow at a CAGR of 8%. Empty
capsules are made up of bio-based components which are used to fill medications
to avoid the taste of the drug. People generally insert the medicine into the empty
capsule like herbs and other supplements.
Most commonly, they are efficient in storing herbs, powder
and another form of medicine. These capsules are mostly made-up of vegetarian
components and also can be extracted from the animal origin. Empty capsules
production is legal in some countries whereas it is restricted in some areas
for the people safety. These capsules make better results for the people who
prepare their own medicine naturally using herbs and minerals.
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Middle East and Africa Empty Capsules Market Drivers and
Insights:
The growing prevalence for the self-medication and also the trend towards herbs medication are majorly propelling the demand of the market.
The increasing sale of pharmaceutical companies across the region is
boosting up the demand for the empty capsules market in the Middle East and
Africa.
However, fluctuations in the availability of the raw
materials are raising the price of the final product, which is surely hampering
the demand of the market. Stringent rules and regulations by the government to
approve the policies is straightforwardly restraining the growth of the
market.
Increasing incidences of cardiovascular diseases due to
change in lifestyles are prominently developing the growth opportunities for the
market. The rise in the demand from the cosmetic industry is also factor
bolstering the demand of the market to the extent.
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The Growth of the
Pharmaceutical Industries Boosting the Growth of Middle East and Africa region
Regionally, Middle East and Africa region is accounted to
have the dominant shares of the market owing to increased adoption of the empty
capsules for self medications. With the increased number of pharmaceutical
industries, the market is leading to the highest revenue shares. The rise in
the chronic diseases and cardiovascular diseases are mainly surging the growth
for the market to produce more number of capsules for the treatment. Increasing
support from the government in funding to the pharmaceutical industries in
concern towards the poor people is greatly impacting positive growth on the
market.
Key Players Profiled
in this Middle East and Africa Empty
Capsules Market:
Capsugel, ACG Worldwide, Qualicaps, Suheung Co. Ltd.,
CapsCanada Corporation, Qingdao Yiqing Medicinal Capsules Co., Ltd., Shanxi
Guangsheng Medicinal Capsules Co., Ltd., Healthcaps India Ltd., Snail Pharma
Industry Co. Ltd., Roxlor, Sunil Healthcare Ltd., Medi-Caps Ltd., Nectar
Lifesciences Ltd., Natural Capsules Ltd., and Bright Pharma Caps Inc. are some
major players in the empty capsules market.
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