Inhalation Capsules Market size was valued at USD 824.6 Million in 2023 and is poised to exceed USD 1.8 Billion by the end of 2036, registering over 6.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of inhalation capsules is estimated at USD 825.9 Million.
The inhalation capsules market has triggered the use of inhalation capsules so that they start working immediately. Inhalation has the advantage of allowing the medicine to be delivered directly into the bloodstream without having to go through digestion, as would be the case with oral medications. This results in a quicker therapeutic response and explains why inhalation capsules are ideal if a quick reaction is needed, for instance, in emergency treatments or managing acute manifestations. NIH, the National Institute of Health/National Library of Medicine, states that the hard gelatin capsules have been successfully used in inhalation capsules, also known as dry powder inhalers (DPI), for more than 30 years already, which makes them the standard choice for DPI development, given the amount of data available on their use. These are strong products and have worked greatly when their moisture content was within the specification of 13% to 16%.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
6.4% |
Base Year Market Size (2023) |
USD 824.6 billion |
Forecast Year Market Size (2036) |
USD 1.8 billion |
Regional Scope |
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Type (Gelatin Capsules, Hypromellose Capsules)
The gelatin capsules sub-segment emerged as the largest segment in the inhalation capsules market in 2022. It is still the biggest shareholder in the market and accounts for 59% of the total global revenue. Gelatin capsules enable more accurate distribution of the medication so that the patient gets the right amount of drug per inhalation. This precision is important in respiratory medicine because many of the drugs used in the specialty have a narrow therapeutic index, and proper dosing requirements are crucial in achieving the optimal therapeutic effect without causing toxicity. For dry powder inhalers to deliver active pharmaceutical ingredients into the lungs, hypromellose (HPMC) is purely of plant origin and does not contain any animal-derived material. These capsules are less likely to produce fragments when the inhaler needle punctures them in comparison to gelatin capsules. The remaining particles on the capsule wall are relatively less, and they are less dependent on the mechanical strength of air humidity. They are also suitable for hygroscopic APIs. It is listed on Drug Master Files for the US and Canada and CDE in China and produced in a well-validated production line that meets GMP standards. Coming back to our largest shareholder, the gelatin capsule market is an industry worth a whopping 43.7 million, as accounted last in 2020.
Application (Asthma Treatment, COPD Management, and Others)
The Asthma treatment segment is by far the largest sub-segmentation in the application of inhalation capsules market. North America leads the global asthma treatment market with a share of 41.66%, which was last accounted for in 2023. The global inhalation capsules market is also categorized into segments of asthma treatment, COPD treatment, and others. The inhalation capsules are very convenient as they are rapid and easy to administer; hence, they are suitable for use in case of a severe asthma attack. Inhalers are convenient in that they are portable and can be used by the patient themselves as and when required, thus providing the patient with some control over the illness. Targeted administration to the lungs is safe and effective because it avoids systemic side effects while treating inflammation and bronchoconstriction in the respiratory system. Inhalation pills are highly effective in managing long-term asthma issues such as persistent airway obstruction. Both COPD and asthma can be treated through the use of inhaled drugs, and Corticosteroids and Bronchodilators can be delivered using inhalation capsules as well as combination therapy. This versatility helps healthcare practitioners to develop a treatment plan for patients based on individual parameters such as the severity of the condition, other diseases, and sensitivity to certain medications. inhalation capsules or DPIs have also been associated with a pulmonary drug deposition rate that can be as high as 40% of the administered dose, provided patients use optimally controlled inhalation flows through the device. Otherwise, lung deposition can be as low as ~15%.
Our in-depth analysis of the global inhalation capsules market includes the following segments:
Type |
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Application |
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North American Market Statistics
North America in inhalation capsules market is estimated to capture over 24.3%. revenue share by 2036. North America leads the global market due to factors such as a well-established healthcare system and advanced research facilities that ensure the successful implementation of inhalation capsules. The region has a large pharmaceutical industry that calls for increased investment in inhalation technologies. As a result, new products and techniques for inhalation devices and formulations continue to be developed and advanced. Also, as WHO stated on March 16, 2023, chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. COPD is the seventh leading cause of poor health worldwide, and there are a huge number of people suffering from COPD in North America.
The United States is estimated to hold a massive 46.75% share of North American revenue by the end of 2036. The growth is owed to the ever-developing health care and infrastructure in the area, along with some major key players being involved directly in the inhalation capsules market from the USA. The market value as of the current year, 2024, is USD 116.9 million and is rapidly growing at a CAGR of 7.6%. It is estimated to reach USD 244 million by the end of the forecast period.
European Market Analysis
The European market’s value is currently at 8.54 million, and it is the fastest-growing region of the inhalation capsules market after North America. Just like in North America, there is a sophisticated approach to healthcare in Europe. Europeans are generally more aware of environmental factors, such as pollution, leading to breathing troubles than many other parts of the world. They are spreading this awareness, and with the help of modern medicine and technology, they are combating respiratory issues and also trying to create better health for the public. Hence, Europe is the second largest when it comes to these inhalation capsules, accounting for over 23.1% of the total global revenue.
Germany is considered one of the most booming inhalation capsules market in Europe due to the excellent German healthcare system that is renowned all across the globe and is financed mostly by statutory health insurance, accompanied by out-of-pocket payments and voluntary health insurance. In order to maintain consistent growth in the inhalation capsules market, German manufacturers are exporting their products, thus improving healthcare and quality of life all over the globe. The German market dominated the European market by Country in 2023 and would continue to be a dominant market till the end of their forecast period. Thereby achieving a inhalation capsules market value of $83.5 Million by the end of their forecast period.
Author Credits: Radhika Pawar
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