Market Introduction
SAM region for estimating the market for the capsule filling machines consist of countries such as Brazil, Argentina, and the rest of SAM. The region held the smallest portion of the market in the global analysis. The market is likely to propel in the forecasted period due to rise in prevalence of cardiovascular diseases, rise in prevalence of chronic diseases such as mental health disorders, diabetes, and cancer. Additionally, increase in research & development and technologically advanced products being introduced in market is expected to boost the growth of the South & Central American capsule filling machines market in the coming years.
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.
Market Overview and Dynamics
The capsule filling machine market in SAM is expected to grow from US$ 9.17 million in 2021 to US$ 12.01 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. Major countries contributing to the market's growth include Chile, Colombia, Peru, Cuba, Venezuela, and Bolivia. The countries offer significant growth opportunities for the growth of the market. The presence of international market players is further strengthening the growth of the market in the region. Therefore, it is expected that the demand for capsule filling machines will increase.
The countries offer significant growth opportunities for the market's growth. The countries are improving their healthcare infrastructure by allowing new market players to enter for business. Therefore, it is expected to increase demand for capsule filling machines market. In addition, the countries in the region are investing and taking an interest in improving their healthcare services and focusing on primary and advanced care. Hence, it is expected to increase the number of healthcare settings in these countries. In addition, the region has a significant number of geriatric populations. For instance, according to the Organization for Economic Co-operation and Development (OECD), approximately 11.5% of population in Chile was reported to be over 60 years of age in 2018. Thus, the increasing geriatric population coupled with high prevalence of respiratory diseases and parallel development in the medical device technology and healthcare infrastructure in the region is likely to be responsible for the growth of the capsule filling machines market during the forecast years..
Key Market Segments
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.
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 SAM 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
SAM Capsule Filling Machine Market Segmentation
SAM Capsule Filling Machine Market - By Type
SAM Capsule Filling Machine Market - By Application
SAM Capsule Filling Machine Market - By Capacity
SAM Capsule Filling Machine Market - By Country
SAM Capsule Filling Machine Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 9.17 Million |
| Market Size by 2028 | US$ 12.01 Million |
| CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Capsule Filling Machine Market is valued at US$ 9.17 Million in 2021, it is projected to reach US$ 12.01 Million by 2028.
As per our report South America Capsule Filling Machine Market, the market size is valued at US$ 9.17 Million in 2021, projecting it to reach US$ 12.01 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The South 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 South America Capsule Filling Machine Market report:
The South 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 South America Capsule Filling Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Capsule Filling Machine Market value chain can benefit from the information contained in a comprehensive market report.
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