Market Introduction
The North America capsule filling machines market has been segmented into the US, Canada, and Mexico. The US held the largest share of the North America capsule filling machines market in 2021. Increasing adoption of technological advancements and rising research and development activities are projected to accelerate the growth of the capsule filling machines market. Moreover, the presence of large healthcare businesses and the growing usage of capsule filling machines is propelling the market's expansion in this region.
North America is one of prime adopters of new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, mainly in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively. The US is the world’s worst-affected country due to the COVID-19 outbreak. The country is one of the eminent markets for capsule filling machines due to the presence of major market players. The factory and business shutdowns across the US, Canada, and Mexico negatively impacted various industries in 2020. Several businesses are pursuing research and development for launching anti-COVID drugs and vaccines, which is likely to raise the demand for capsule filling machines in North America in the coming years.
Market Overview and Dynamics
The capsule filling machine market in North America is expected to grow from US$ 88.55 million in 2021 to US$ 122.62 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Pharmaceutical companies are investing heavily in drug development and the discovery of new pharmaceutical products. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), pharma companies in the US conduct more than half of the world's R&D, with investments totaling ~US$ 75 billion. They hold intellectual property rights on most of the new pharmaceuticals.
Key Market Segments
North America capsule filling machine market is segmented into type, application, capacity, and country. The North America 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 North America capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. The North America capsule filling machine market, by capacity, is segmented into small (upto 50,000 capsules), 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 North America capsule filling machine market is segmented into US, Canada, and Mexico. US 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 North America 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.; Schaefer Technologies; Syntegon Technology GmbH; Torpac Inc.; and Zhejiang Fuchang Machinery Co. Ltd.
Reasons to buy report
North America Capsule Filling Machine Market Segmentation
North America Capsule Filling Machine Market - By Type
North America Capsule Filling Machine Market - By Application
North America Capsule Filling Machine Market - By Capacity
North America Capsule Filling Machine Market - By Country
North America Capsule Filling Machine Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 88.55 Million |
| Market Size by 2028 | US$ 122.62 Million |
| CAGR (2021 - 2028) | 4.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Capsule Filling Machine Market is valued at US$ 88.55 Million in 2021, it is projected to reach US$ 122.62 Million by 2028.
As per our report North America Capsule Filling Machine Market, the market size is valued at US$ 88.55 Million in 2021, projecting it to reach US$ 122.62 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America 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 North America Capsule Filling Machine Market report:
The North America Capsule Filling Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Capsule Filling Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Capsule Filling Machine Market value chain can benefit from the information contained in a comprehensive market report.
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