The global capsule-filling machines market is on a trajectory for substantial growth, with a projected valuation of US$ 588.35 million in 2023. This growth is fueled by advancements in capsule-filling machine technology and the increasing incidence of chronic diseases, which necessitates efficient pharmaceutical manufacturing. Anticipated to progress steadily, the demand for capsule-filling machines is forecasted to maintain a moderate compound annual growth rate (CAGR) of 4.8% throughout the decade, ultimately reaching an estimated US$ 939.43 million by 2033.
The high prevalence of chronic diseases in the mass population has kindled the demand for capsules. In turn, increasing the intake of capsules owing to different factors has led to a constant need for efficient capsule-filling solutions.
Manufacturers can attract price-sensitive consumers by producing the capsules on a large scale. Moreover, manufacturers can boost their yearly turnover due to the cost-benefits of wide-scale production.
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Surging demand for digestive health supplements is also pushing the demand for capsules, thus stretching the market size of capsule-filling machines. Other factors favoring the market growth include a high focus on refining the efficiency levels of manufacturing processes, innovations, technological advancements, and surging efforts on product development.
Market Players:
- 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.
Key Takeaways:
- Surging technological advancements in capsule equipment with automatic filling along with a rise in demand for effective capsules due to disease prevalence are driving the global capsule filling equipment market.
- Large-scale capsule production provides several advantages to the key players in the market such as low-cost advantages which allows them to increase their annual turnover. Furthermore, increased consumption of digestive health supplements is driving up demand for capsules, which is driving up the global capsule filling equipment market size.
- There are several factors contributing to the market growth such as more concentration on improving the efficiency of manufacturing processes, technological advancements, innovations, and a growing emphasis on product development.
- In the present market scenario, accelerated focus on releasing new machines with enhanced functionality and performance is driving manufacturers in the global market. In addition to that, market participants are expected to rely on mergers and acquisitions in the long run-in order to strengthen their position in the capsule filling machines market.
- The supply of large quantities of medicines is possible only due to pharmaceutical advancements in the healthcare sector. Capsule filling machines are essential in the pharmaceutical industry because they allow the industry to serve the masses. These machines are designed to efficiently fill capsules by reducing the risk of side effects from overdosing.
- There is widespread use of capsule filling machines in all regions to serve the pharmaceutical market. Automatic capsule filling machines are being offered by manufacturers all over the world due to their speed and high filling rate.
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Market Segmentation:
By Operation Type:
- Automatic
- Semi-Automatic
- Manual
By Capacity Type:
- >75,000 Units
- for 75,000 – 150,000 Units
- for 150,000 – 225,000 Units
- for 225,000 – 300,000 Units
- >300,000 Units
By Dosage Type:
- Liquid
- Semi Solid
- Solid
By Region:
- North America
- Latin America
- Europe
- Eastern Europe
- Asia Pacific
- The Middle East & Africa
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.
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