The cold soft capsules market is expanding rapidly as a result of several factors, including rising demand for more convenient and easier-to-swallow forms of medication. Patients are looking for medication alternatives that are easy to use and do not cause discomfort or inconvenience during administration. It is soft, gel-like capsule that dissolve quickly in the stomach, allowing for rapid and efficient absorption into the bloodstream. Moreover, the growing demand for advanced delivery systems that improve the bioavailability and efficacy of the active ingredient is another important driver of this market. Innovation is also driving growth in this market, as manufacturers strive to improve delivery systems and provide better and more effective products to meet the needs of patients. The advancement in the market such as those that enable precise dosing and controlled release of the active ingredient has significantly improved the efficacy of this.
Furthermore, the growing availability of patient data and technological advancements have resulted in an increase in demand for personalized medicine. Personalized medicine is a growing trend in healthcare because it allows for customized treatment plans that are tailored to an individual patient's unique characteristics and medical history. Personalized medicine has numerous advantages over traditional one-size-fits-all treatments, including improved efficacy, reduced side effects, and improved patient outcomes. Cold soft capsules are a popular choice for many patients because they allow for personalized dosing and targeted delivery of the active ingredient. These are designed to protect the active ingredient from degradation in the stomach's harsh environment, ensuring maximum efficacy and bioavailability. Cold soft capsules, with the ability to precisely control the release of the active ingredient, can be tailored to meet the unique needs of individual patients, resulting in more effective and efficient treatment.
As technology advances and more patient data becomes available, the trend toward personalized medicine is likely to continue. Cold soft capsules, which allow for personalized dosing and delivery of the active ingredient, are poised to play a significant role in this trend. This can help improve patient outcomes and drive market growth by providing more effective and efficient treatment thereby, creating opportunities for the upsurge in the global cold soft capsules market during the forecast period.
New product launches to flourish in the market
Catalent acquired a facility in Oxfordshire in April 2022 to expand biologics capabilities in the UK and across Europe. The new facility is located south of Oxford on the world-renowned Harwell Science and Innovation Campus, which is a leading site in the UK for scientific and technological breakthroughs and home to more than 40 life science companies. Also, in January 2021 Lonza, a Swiss-based multinational corporation that provides products and services to a wide range of industries, including the pharmaceutical and healthcare industries introduced a novel new capsule solution for drug delivery in the intestine (enteric). The Capsugel Enprotect capsule does not disintegrate in the stomach and releases its contents only in the intestine. Capsugel Enprotect capsules also make the drug product manufacturing process easier by eliminating the need for extra capsule coating or sealing. Moreover, Catalent announced the launch of new OptiGel DR technology in October 2020, which helps with the creation and formulation of enteric release soft gels. The industry demand is also boosted by a variety of softgel capsule products that are entering the market with higher-quality capsule features, such as hydrophilic sandwich pills, crew caps, and duo caps. The demand for cold soft capsules has also increased as a result of the release of cold soft capsules.
By type: The cold soft capsules market is divided into gelatin based and vegetarian capsules. Gelatin-based cold soft capsules are the most common type of cold soft capsules and are made from animal gelatin. Vegetarian cold soft capsules, on the other hand, are made from plant-based materials and are becoming more popular as the demand for animal-free products grows. Both types of cold soft capsules have higher efficacy and bioavailability than traditional pills and liquids and are intended to meet the growing demand for more convenient and personalized forms of medication.
By distribution channel: The cold soft capsules market is classified into hospital pharmacies, retail pharmacies, and online pharmacies. Hospital pharmacies supply cold soft capsules to patients in hospitals, often as part of a treatment plan prescribed by a doctor. Retail pharmacies, including both brick-and-mortar stores and online retailers, supply cold soft capsules to patients for home use. Online pharmacies have become increasingly popular in recent years, offering a convenient and accessible way for patients to purchase cold soft capsules without having to visit a physical store.
By region: Cold soft capsules are increasingly seen as a viable alternative to traditional pills and liquids by patients in the Asia-Pacific region, who are demanding more convenient forms of medication. The Asia-Pacific region's aging population is driving demand for more effective forms of medication, such as cold soft capsules. As patients seek products with improved efficacy and bioavailability, the growing middle class in countries such as China and India is driving demand for more advanced forms of medication, such as cold soft capsules. The Asia-Pacific region's growing awareness of health and wellness is driving demand for more effective forms of medication, such as cold soft capsules, which have higher efficacy and bioavailability than traditional pills and liquids. Moreover, many Asia-Pacific governments are investing in healthcare infrastructure and promoting the use of advanced forms of medication, such as cold soft capsules, which is driving the market growth.
Competitive analysis and profiles of the major players in the cold soft capsules market, such as AstraZeneca plc., Bayer AG, GlaxoSmithKline plc., Johnson & Johnson, Novartis AG, Pfizer Inc., Prestige Brands Holdings, Inc., Reckitt Benckiser Group plc., Sun Pharmaceutical Industries Ltd, and The Procter & Gamble Company.
Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the cold soft capsules market.
Cold Soft Capsule Market Report Highlights
By Distribution Channel
Key Market Players
GlaxoSmithKline plc, Novartis AG, AstraZeneca plc, Bayer AG, Reckitt Benckiser Group plc, The Procter & Gamble Company, Pfizer Inc., Johnson & Johnson, Prestige Brands Holdings, Inc., Sun Pharmaceutical Industries Ltd