Soft Elastic Capsule Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Gelatin Soft Elastic Capsule, Non-animal Soft Elastic Capsule); Application (Health Care Products, Drug, Other) and Geography
Soft elastic capsules also called as soft gelatin capsules are sealed one-piece capsules that contains a liquid or a semisolid filled inside without a bubble of air or gas. They are made up of flexible, gelatin film plasticized by the addition of glycerin and sorbitol. These capsules have wide range of application in pharmaceutical industry such as medication for cardiovascular diseases, health supplements, antacid, and bacterial infections.
The "Global Soft Elastic 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 soft elastic capsule market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading soft elastic capsule market players and offers key trends and opportunities in the market.
Based on type, the global soft elastic capsule market is segmented into gelatin soft elastic capsule and non-animal soft elastic capsule.
On the basis of application, the market is bifurcated into health care products, drug and other.
MARKET DYNAMICS Drivers
Increasing adoption of capsules, growing awareness of nutraceutical supplements and rising geriatric population will drive the soft elastic capsule market.
Growing investments by the government for providing health supplements to the poor and improving health care infrastructure boosts the market growth.
Increasing research and development in the field of soft elastic capsules and adoption of advanced technologies by manufacturers fuel the market growth.
Limited choice of capsule base excipients with gelatin.
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 America. The soft elastic 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 America after evaluating political, economic, social and technological factors affecting the soft elastic capsule market in these regions.
IMPACT OF COVID-19 ON SOFT ELASTIC 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak of COVID-19 has a significant impact on the soft elastic capsule market. As the cosmeceutical, nutraceutical, and pharmaceutical companies, that are main end users of this capsules, have been impacted by the virus transmission, due to business shutdown, worldwide lock down and trade restrictions. The market has been impacted in terms of development, production, and supply chain disruption. This all resulted in short term slow growth of the capsule market.
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The report covers key developments in the soft elastic 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from soft elastic capsule market are anticipated to have lucrative growth opportunities in the future with the rising demand for soft elastic capsule in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soft elastic 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.
Strides Pharma Science
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