Demand for HPMC capsules is increasing despite high prices. Nutraceutical and pharmaceutical companies are showing interest towards vegetarian-based capsules to avoid manufacturing problems such as drug-gelatin interactions and limitations in formulations with gelatin capsules. The global HPMC capsules market is expected to witness significant growth in the coming years. Rising demand for halal certified products from Muslim populated countries is also expected to fuel market demand for HPMC capsules. Pharmaceutical companies are shifting their strategy to produce halal certified products in order to leverage opportunities arising from this increasing demand. Moreover, the formation of a structured regulatory framework is expected to result in manufacturers developing and introducing HPMC capsules. This is the gist of a new report by XploreMR on the global HPMC capsules market titled “HPMC Capsules Market: Global Industry Analysis and Forecast, 2017–2025.” The analysts have observed that the APAC market is expected to witness the highest increase in demand, thus registering the most attractive CAGR over the forecast period. Mature markets are expected to witness a rapid increase in product innovation and novel technologies to attract consumers as well as to assist pharmaceutical and nutraceutical companies that are facing various manufacturing challenges.
Pharmaceutical and nutraceutical companies entering into long-term contracts with HPMC manufacturing units for imports and exports across all regions and competitive pricing initiatives for large-scale purchasing are expected to emerge as key trends for achieving sustainable revenue growth in the global HPMC capsules market. While studying the various regions it has been observed that increasing vegetarian capsules product portfolio, which is an alternative to gelatin capsules, providing customized capsules to CROs to conduct pre-clinical and clinical trials and providing R&D capsule kits to pharmaceutical and nutraceutical manufacturers to save on R&D costs and time are key differentiating strategies that capsules manufacturers are adopting currently. Investments in R&D and new manufacturing units for HPMC capsules in economically stable countries and acquisitions and collaborations with manufacturers in different regions are other key differentiating strategies of the leading market players.
Primarily, the report takes an overview of the global HPMC capsules market. The report presents the market taxonomy and market dynamics including factors influencing the development of the global HPMC capsules market. Yearly change in inflation rate has not been considered while forecasting market numbers. Top-down approach has been used to counter-validate the reached numbers, while bottom-up approach has been used to assess market numbers for each product category. Indicators such as healthcare expenditure, research funding from government and non-profit organizations etc., epidemiology of diseases, regulatory scenario etc. have been considered to arrive at the indicated market numbers.
Global Market Study on HPMC Capsules: Pharmaceutical Companies End User Segment Anticipated to Gain Significant Traction During 2017 - 2025Buy Now
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