August 24, 2022 09:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, Aug. 24, 2022 (GLOBE NEWSWIRE) — The global capsule filling machines market is expected to bolster at a robust CAGR of 4.8% exhibiting revenue of US$ 561.4 Million in 2022 with a total estimation of around US$ 896.4 Million by 2032. The advancement of capsule filling machines is due to the rising prevalence of chronic diseases which is driving growth in the market. According to the Future Market Insights (FMI) reports, the sales from 2016 to 2021 witnessed significant growth, registering a CAGR of 2.1%.
Manufacturing of capsules is done by filling a variety of formulations or powders containing active ingredients and their mixtures, as well as combinations of excipients, using a variety of capsule filling machines. Physicians prescribe these capsules to patients for the treatment of a variety of disorders or conditions.
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Key Takeaways
Competitive Landscape
Harro Höfliger Verpackungsmaschinen GmbH, Sainty Co., ACG Pam Pharma Technologies Private Limited, Robert Bosch GmbH, Shanghai Develop Machinery Co. Limited, Shanghai Jiuwu Pharmtech Machinery Co., Ltd., Shanghai TIWIN Industry Co., Ltd., Wenzhou Ouya Machinery Co., Ltd., Zhuhai Ting Kai Trading Co. Ltd., Shanghai Pharmaceutical Machinery Co. Ltd. are some of the key companies profiled in the full version of the report.
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Most of the major pharma companies are equipped with in-house filling stations, whereas mid-sized pharma companies typically outsource their filling needs to contract manufacturers. End users who require high output choose fully automatic machines, whereas R&D labs and small-scale pharmaceutical manufacturers prefer semi-automatic capsule filling machines.
More Insights into the Capsule Filling Machines Market
The North American region is projected to dominate the global capsule filling machines market by possessing a market share of 36% in 2022, registering a CAGR of 4.7% for the capsule filling machines market in the assessment period 2022-2032.
Being one of the major contributors to the capsule filling machines market, North America has a long-lasting winter in the region contributing to the market’s progress. Furthermore, due to the region’s high demand from the pharmaceutical industry, North America is expected to trail the APEJ region in the Capsule Filling Machines Market.
Western Europe and Eastern Europe also emerge as lucrative regions for the capsule filling machines market as it accounts for 25% of the global market share in 2022.
Asia Pacific region is growing at a progressive rate by procuring a 15% market share for capsule filling machines market in 2022. Due to its dense population, the capsule filling machines market is expected to grow at a rapid pace.
Key Segments Profiled in the Capsule Filling Machines Industry Survey
Capsule Filling Machines Market by Operation Type:
Capsule Filling Machines Market by Capacity Type:
Capsule Filling Machines Market by Dosage Type:
Capsule Filling Machines Market by Region:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
TOC continued…!
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