Pharmaceutical Capsule Filling Machine is a combination of machine, electricity and gas. It adopts microcomputer programmable controller, touch panel operation, frequency conversion speed regulation, equipped with electronic automatic counting device, which can automatically complete the positioning, separation, filling, locking, etc. of the capsule.
Global Pharmaceutical Capsule Filling Market- Key Players
Mettler Toledo is the largest manufacturer of Pharmaceutical Capsule Filling Machine globally. In 2020, the company held 14.48% sales share globally with the revenue of 4.82 million USD. Besides the company, major producers include Syntegon, Sejong, Schaefer Technologies, IMA, ACG Worldwide, Lonza (Capsugel), Anchor Mark, MG2, Qualicaps, Chin Yi Machinery, Feton, Fette Compacting, Karnavati Engineering, Harro Höfliger, Hanlin Hangyu Industrial, Zhejiang Fuchang Machinery, Adinath International, etc. Most of producers engaged in the industry are small and medium sized ones. Italy, Germany, Japan, USA etc. are now the key producers of pharmaceutical capsule filling machine. In developed countries, the market concentration is relatively high, but in developing countries, such as China, the market concentration is lower, China market also has native producers, such as Hanlin Hangyu Industrial and Zhejiang Fuchang Machinery.
Global Pharmaceutical Capsule Filling Market: Driver Analysis
The pharmaceutical industry is responsible for the research, development, production, and distribution of medications. The market has experienced significant growth during the past two decades, and pharma revenues worldwide totaled 1.25 trillion U.S. dollars in 2019. Demand for effective medicines is rising, as the population ages, new medical needs emerge and the disease burden of the developing world increasingly resembles that of the developed world. The E7 countries – Brazil, China, India, Indonesia, Mexico, Russia and Turkey – are also becoming much more prosperous, with real gross domestic product (GDP) projected to triple over the next 13 years. By 2020, the E7 could account for as much as one-fifth of global sales.
Global pharmaceutical industry keeps increasing, which will stimulate the demand of pharmaceutical production device, including Pharmaceutical Capsule Filling.
Global Pharmaceutical Capsule Filling Market: Segmental Analysis
Pharmaceutical capsule filling machine is mainly classified into the following types: fully automatic, semi-automatic, manual. Fully Automatic is the most widely used type which takes up about 80% of the total sales in 2020, and its market share will keep growing due to the down trend of semi-automatic and manual products.
Luxurious lifestyle and rising per capita income to create a positive impact on the growth of Pharmaceutical Capsule Filling market in North America and Europe
High standard of living, increasing disposable income, and luxurious lifestyle have led to the growth of the Pharmaceutical Capsule Filling market in Europe and North America. Apart from this, developing nations in the Asia Pacific region, particularly China and India are expected to play an important role in the progress of Pharmaceutical Capsule Filling market in the near future. In countries like India and China, the basic mode of transportation is an automobile and therefore these two countries have great potential in the growth of Pharmaceutical Capsule Filling market in the upcoming years.
APAC is the largest consumption region of pharmaceutical capsule filling machine in the world in the past few years and it will keep increasing in the next few years even though the Europe is largest producer. APAC market took up about 42.7% the global market in 2020, while Europe and North America were about 29.4%, 21.2%. The global pharmaceutical capsule filling machine average cost is influenced by the global trend. The average cost will be in increasing trend if the price of raw materials rises. The pharmaceutical capsule filling machine market size will reach about 259 million USD in 2027 from 181 million USD in 2020, with the CAGR of 5.0%.
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