Market Introduction
APAC capsule filling machine market is analyzed based countries such as China, Japan, India, Australia, South Korea, and the rest of APAC. The APAC region is expected to be the fastest-growing region among all other regions. The growth of the market in this region is expected to grow at a faster pace owing to factors such as increasing prevalence of chronic diseases, product development by market players, international players entering the region and increasing geriatric population. Countries such as Malaysia, Indonesia, New Zealand, Vietnam, the Philippines, Singapore, and Thailand are accounted for the Rest of the APAC region. The above-mentioned countries offer significant opportunities for the capsule filling machine market. The growth opportunities are determined by the increasing healthcare expenditure, growing demand for better treatments, and increasing overall health burdens in these countries. Therefore, there is significant demand for the local production of generic drugs produced at low cost and improves the public’s health. The countries are also experiencing a rise in the number of regional players that are leveraging domestic production.
Moreover, new partnerships and regional supply chains are finding ways to sustain the next stages of the region’s pharmaceutical evolution. Countries are putting efforts into becoming pharmaceutical hubs, particularly for generic medicines. Therefore, such efforts are expected to enhance the growth of the market during the forecast period.
APAC countries are expecting to witness massive challenges due to increasing COVID-19. In light of the current economic scenario, healthcare companies have been badly impacted as a result of disease outbreaks. The outbreak has severely affected the tourism industry and imposed supply chain disruptions; moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure. Restrictive measures have been put forth in South Korea, Malaysia, Singapore, the Philippines, and India to prevent disease transmission. All these factors will impact the capsule filling machine market for a short period of time.
The government and population in the region are more focused on the treatment of COVID 19. The hospitals, and surgical centers are open for only emergency services. China is specifically facing issues that this epidemic has caused, leading to disruption of the supply chain, projected decreases in revenue and sales within all industries, as well as the concerns of health within the production factories and other public spaces. As the medical tourism is declined in response to the pandemic to the regions like South Korea and Japan which has negative impact on the country’s revenues. Thus, it is expected to have a negative impact on the capsule filling machine market.
Market Overview and Dynamics
The capsule filling machine market in APAC is expected to grow from US$ 59.79 million in 2021 to US$ 83.38 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The APAC medical device industry is witnessing continuous innovations and technological advancements and, in turn, is driving the healthcare sector worldwide, supporting the APAC capsule filling machine market. Medical equipment sales are also increasing in the emerging markets, such as China and India. According to the International Trade Administration of the US Department of Commerce, China's medical device market reached US$ 78.81 billion in 2018, registering an increase of 22% over 2017. In 2017, the Indian medical device market was worth US$ 6 billion and is expected to reach US$ 50 billion by 2025. As per India's National Investment Promotion and Facilitation Agency, around 65 percent of medical device makers are local. In 2019, the Government of India approved the establishment of new medical device parks in Telangana, Andhra Pradesh, Tamil Nadu, and Kerala.
Key Market Segments
APAC capsule filling machine market is segmented into type, application, capacity, and country. The APAC 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 APAC capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. The APAC 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 APAC capsule filling machine market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the capsule filling machine market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
APAC Capsule Filling Machine Market Segmentation
APAC Capsule Filling Machine Market - By Type
APAC Capsule Filling Machine Market - By Application
APAC Capsule Filling Machine Market - By Capacity
APAC Capsule Filling Machine Market - By Country
APAC Capsule Filling Machine Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 59.79 Million |
| Market Size by 2028 | US$ 83.38 Million |
| CAGR (2021 - 2028) | 4.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Capsule Filling Machine Market is valued at US$ 59.79 Million in 2021, it is projected to reach US$ 83.38 Million by 2028.
As per our report Asia Pacific Capsule Filling Machine Market, the market size is valued at US$ 59.79 Million in 2021, projecting it to reach US$ 83.38 Million by 2028. This translates to a CAGR of approximately 4.9% during the forecast period.
The Asia Pacific Capsule Filling Machine Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Capsule Filling Machine Market report:
The Asia Pacific Capsule Filling Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Capsule Filling Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Capsule Filling Machine Market value chain can benefit from the information contained in a comprehensive market report.
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