Global Empty Capsules Analysis Report 2024: Market Poised to Expand with a CAGR of 9.85% by 2034 Driven by Demand for Nutraceuticals and Advanced Drug Delivery Technologies [Yahoo! Finance...
MITSUBISHI CH GRP U/ADR (MTLHY)
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Source: Yahoo! Finance
As of 2023, the market size was valued at USD 3.46 billion and is anticipated to surge to a remarkable USD 9.72 billion by 2034. This substantial escalation is predicted, generating a robust compound annual growth rate (CAGR) of 9.85% during the forecast period from 2024 to 2034. The burgeoning demand for nutraceuticals, an increase in consumer awareness surrounding health benefits offered by capsules, and the convenience capsules provide over alternative forms of drug delivery, have all acted as catalysts for the exponential growth forecasted in this market. The report highlights various dynamics such as the collaboration between empty capsule suppliers and gelatine manufacturers, the growing geriatric population, and the introduction of new capsule delivery technologies as pivotal elements propelling the market forward. Fueling this growth is the surge in approval of novel capsules, projecting a bright outlook for empty capsules utilized across various medical treatments and he
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