Report : South America Capsule Filling Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Manual Capsule Filling Machines, Semi-Automatic Capsule Filling Machines, and Fully Automatic Capsule Filling Machines), Application (Pharmaceutical, Cosmetics, and Others), and Capacity (Small [Upto 50,000 Capsules per Hour], Medium [50,000 Capsules to 100,000 Capsules per Hour], and High [More than 100,000 Capsules per Hour])
Pharmaceutical Segment is Expected to be Fastest Growing During Forecast Period for SAM Region
According to a new market research study on “SAM Capsule Filling Machine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and Capacity” is expected to reach US$ 12.01 million by 2028 from 9.17 US$ million in 2021. The market is estimated to grow at a CAGR of % f3.9rom 2021 to 2028. The report provides trends prevailing in the SAM capsule filling machine market along with the drivers and restraints pertaining to the market growth. Chronic disease prevalence on rise is the major factor driving the growth of the SAM capsule filling machine market. However, issues associated with expensive production of capsule filling machines hinders the growth of SAM capsule filling machine market.
SAM capsule filling machine market is segmented into type, application, capacity, and country. The SAM capsule filling machine market, by type, is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines. The fully automatic capsule filling machines segment held the largest share of the market in 2021. By application, the SAM capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. The SAM capsule filling machine market, by capacity, is segmented into small (upto 50,000 capsules per hour), medium (50,000 capsules to 100,000 capsules per hour), and high (more than 100,000 capsules per hour). In 2021, the small (upto 50,000 Capsules per hour) segment held the largest share of the market. Based on country, the SAM capsule filling machine market is segmented into Brazil, Argentina, and rest of SAM. Brazil held the largest market share in 2021.
The COVID?19 pandemic has presented a critical test for the already overburdened and underfunded public healthcare systems in SAM. Countries in this region responded to the situation by closing borders, enacting lockdown, and imposing many other social restrictions to avoid social gatherings. The capsule filling machine market stakeholders in SAM lost their businesses due to the temporary shutdown of companies, disruption of supply chains, disturbances in trade activities, and limited availability of workforce. The COVID-19 pandemic has led to transformative effects on healthcare sectors, social life, and human behavior. Furthermore, with the onset of the second wave of COVID-19, Latin American countries tightened the regulatory measures due to continued challenges faced by healthcare providers. However, governments made provisions to ensure continuous and effective medical care. These factors mitigated the adverse effects of the global crisis on the capsule filling machines market in SAM to some extent.
ACG; Beijing Hanlin Hangyu Technology Development Inc.; Capsugel, Inc (A subsidiary of Lonza Group AG); I.M.A. Industria Macchine Automatiche S.p.A.; Syntegon Technology GmbH; and Zhejiang Fuchang Machinery Co. Ltd are among the leading companies in the SAM capsule filling machine market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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