DUBLIN--(BUSINESS WIRE )--The "Capsule Filling Machines - Global Market Outlook (2019 -2027)" report has been added to ResearchAndMarkets.com's offering.
Global Capsule Filling Machines Market accounted for $402.91 million in 2019 and is expected to reach $547.18 million by 2027, growing at a CAGR of 3.9% during the forecast period.
Some of the factors such as continual advancement in the sector, and consistently increasing usage of capsules are the major factors propelling the market growth. However, the high cost of the automatic capsule filling machines is hampering the market growth.
Capsule filling machines are utilized to load unfilled soft or solid gelatin capsules of different sizes with granules, powders, fluids or semi-solids substances including vigorous pharmaceutical ingredients or a combination of dynamic drug substances and excipients.
Based on the type the Hybrid Machine segment is going to have a lucrative growth during the forecast period.
Hybrid machines refer to equipment that is designed with additional features including visual inspection, weight inspection and imprinting. by geography, North America is estimated to have a huge demand owing to the huge demand from pharmaceuticals sector in the region.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900