Drug delivery is a prominent process in healthcare, especially in the current scenario for a variety of reasons. Some of these reasons are increasing geriatric population and increasing complexity in diseases and their treatment. Additionally, improvement in technology and favorable research and development environment, couple with growing activities in the domain, are leading to massive demand for better systems. This, in turn, is leading to growth in global softgel capsule market.
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As per TMRR, from 2019 to 2029, the global softgel capsule market will chart a notable growth trajectory, credit a robust CAGR projected for it, leading to betterment in where the market valuation is pegged as of now. New and interesting opportunities leading to higher profitability will also mark the market landscape over the forecast period. These provide fertile ground for higher revenue for players operating the field.
It is worth noting here that while in some countries, geriatric population will grow at a rapid pace, in USA and a couple more, the population will almost double over the next few decades, especially in the age bracket of 65 and above. Over the world, one in every six people will fall in here by the year 2050. North America and Europe will see a steep burden fall on them over the interim period with one in every four people falling here. Additionally, it is quite interesting to note here that as demand for vitamins is growing a commendable pace, demand for softgel capsules is growing in tandem, leading the market higher in a major way.
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Top player in the global softgel capsule market are Weihai Baihe Biology Technological Co. Ltd., Patheon, Catalent, Inc., Captek softgel International Inc., Capsugel (a part of lonza), Amway, EuroCaps Ltd., Strides Pharma Science Limited, Sirio Pharma Co. Ltd., Soft Gel Technologies, Inc., International Vitamin Corporation, and Aenova Inc., among others