Wilmington, Delaware, United States, June 15, 2022 (GLOBE NEWSWIRE) -- Massive utilization of encapsulated liquid-based products by pharmaceutical and biopharmaceutical companies has led to increase in market share for liquid filled hard capsules over the years. The global valuation of liquid filled hard capsules market is projected to advance at CAGR of 7.8% during 2022–2031.
Pressing need for increasing the patient adherence and enhancing the drug bioavialbility in certain classes of medications are catalyzing R&D on simplifying and improving the formulation processes for drug manufacturers. The trend is likely to continue enriching the future market outlook for liquid filled hard capsules, observes a recent liquid filled hard capsules market demand analysis. Of note, drug formulators are expected to garner gains from increasing use of gelatin-based immediate-release (IR), extended-release (ER), and delayed-release (DR) formulations.
The preference of medium-sized capsules has been generating abundant opportunities for pharmaceutical companies in the liquid filled hard capsules market. LFHC processes have demonstrated a remarkable versatility in the use of pharmaceutical excipients to bring novel drug molecules to the market. Furthermore, they have been particularly effective in overcoming low-dose HPAPI challenges.
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Key Findings of Liquid Filled Hard Capsules Market Study
- Application in Developing Improved Therapeutics Generating Steady Revenues to Drug Formulators: The need for new and improved therapeutics has spurred the use of liquid filled hard capsules for a broad range of complex pharmaceutical formulations. The use of the technology is growing among pharmaceutical & biopharmaceutical companies wo are seeking novel drug targets, expanding the avenue in liquid filled hard capsules market.
- Pharmaceutical Companies Keen on Utilizing Gelatin Capsule-Based Drug Delivery Systems: The use of encapsulated lipophilic and hydrophilic drugs is growing, steering revenue growth of the liquid filled hard capsules market. Gelatin capsules are witnessing massive acceptance, underpinning vast revenue scope. Of note, gelatin capsules developed from bovine, porcine, and marine sources have gained increased commercialization, thus enriching the outlook of the liquid filled hard capsules market.
- Researchers to Capture Attractive Revenue Streams Through New Approaches in Increasing Drug Bioavailability and O vercoming Low Solubility: Pharmaceutical companies are geared toward adopting new approaches for increasing the drug bioavailability. Of note, the LFHC technology is finding adoption in developing drugs that contain highly potent active pharmaceutical ingredients (HPAPIs).
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Liquid Filled Hard Capsules Market: Key Drivers
- Increased preference of liquid filled hard capsules (LFHC) technology for developing a wide range of pharmaceutical formulations and drug delivery needs is driven by the need for new and improved therapeutics. This is propelling the evolution of the liquid filled hard capsules market.
- The simplicity of liquid filled hard capsules (LFHC) technology has helped drug companies meet stringent requirements of pre-determined target product profiles, especially when they are planning new product introduction.
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Liquid Filled Hard Capsules Market: Regional Growth Dynamics
- North America is projected to account for the largest revenue share in the liquid filled hard capsules market during the forecast period. The regional market is projected to advance at CAGR of 7.8% from 2022 to 2031.
- Asia Pacific is a remarkable region in the global the liquid filled hard capsules market. Growing use of potent active pharmaceutical ingredients (HPAPIs) in drug formulations is a key driver for safe and simple manufacturing options. Opportunities in the regional market are expected to advance at a leading CAGR during 2022–2031.
Liquid Filled Hard Capsules Market: Key Players
Some of the key players in the liquid filled hard capsules market are Qualicaps, Inc., PLx Pharma Inc., Lonza Group, Lefancaps, HealthCaps India Ltd., Fine USA Trading, Inc., Farmacapsulas S.A., Erawat Pharma Limited, CapsCanada Corporation, Altasciences, and ACG.
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Liquid Filled Hard Capsules Market Segmentation
Size
- Large Capsules
- Size 000
- Size 00 & 00E
- Medium Capsules
- Size 0 & 0E
- Size 1
- Size 2
- Small Capsules
- Size 3
- Size 4
- Size 5
Application
- Drugs
- Vitamins & Minerals
- Amino Acids, Peptides, and Proteins
- Lipids
- Others
End-user
- Pharmaceutical & Biopharmaceutical Companies
- Nutrition Supplement Manufacturers
- Others
Countries
- U.S.
- Canada
- Germany
- U.K.
- France
- Italy
- Spain
- China
- India
- Japan
- Australia & New Zealand
- Brazil
- Mexico
- GCC Countries
- South Africa
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