The Global Empty Drug Capsule Market is Projected to Mark a Considerable CAGR of 7.4% During the Forecast Period i.e. 2016-2023, According to Research Nester
The global empty drug capsule market is segmented into product type such as gelatin capsules, and non-gelatin capsules out of which, the gelatin capsules segment is anticipated to have the largest share by 2023 and is expected to post a significant CAGR during the forecast period i.e. 2016-2023. Further, the growth of this segment is attributed to various factors such as high availability of gelatin for manufacturing and high protein content compared to non-gelatin. Further, cost-effectiveness related with gelatin capsules are also believed to foster the growth of gelatin capsule market in near future. Global empty drug capsule market is projected to register a 7.4% CAGR over the forecast period i.e. 2016-2023. The market is expected to expand on the back of developing healthcare infrastructure of developing nations and increasing preference for capsules. Moreover, the global empty drug capsule market is anticipated to reach at noteworthy revenue of USD 2.45 Billion by 2023. The ...