Future Outlook of Pharmaceutical Excipients Market Poised to Achieve CAGR of 7.0% by 2023 – Archer Daniels Midland, Ashland, Associated British Foods, BASF SE, Croda International, Evonik Industries AG, FMC, Roquette Group, DOW

Marketprognosis.com Publish a New Market Research Report On “Global Pharmaceutical Excipients Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Pharmaceutical Excipients Market:

The Global Pharmaceutical Excipients Market is expected to register a CAGR of 7.0% during the forecast period of 2018 - 2023.

Pharmaceutical excipients are combined with active pharmaceutical ingredients to prepare the final dosage of drugs. The excipients provide bulk to the formulation, facilitate drug absorption, provide stability, and prevent denaturation. They are feasible, cost-effective, and stable for handling and inert. The main advantages of using excipients are to improve the wetting property, increase the bulk of the drug, providing stability, and enhancing organoleptic properties. Excipients are used in a variety of medicinal products like tablets, capsules, oral liquids, transdermal patches, implants, and inhalers.

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Many blockbusters’ drugs are on the verge of losing their patents. The patent cliff (the period between 2011-2016) resulted in hundreds of billions of dollars’ worth of brand drug sales losing patent protection. Another patent cliff is expected in the coming years. When patents expire, generic drug companies are free to create their replicas, and these can cost up to 80% less than the original, which inevitably leads to a sharp and sudden loss in sales for the companies that developed them. Over 300 drug patents expired in the year 2017. For example, the effect of patent expiration can be seen on Roche Holdings. The company’s major revenue was generated through oncology drugs, such as Avastin, Herceptin, and MabThera / Rituxan, which are about to expire in 2020, 2019, and 2018 respectively. This has encouraged pharmaceutical companies to try and extend patents by using functionality excipients.

Excipients can offer solutions to problems like new drug candidates possessing larger molecular weights, which in turn, reduces their solubility. This has encouraged pharmaceutical companies to invest in developing better excipients to incorporate into drugs. Despite this trend, excipients lack independent approval processes separate from the drug. This is restraining innovations in the field. Although a lot of people would be interested in developing them, it is a major issue for people to accept them without some approval from the regulatory authorities. So the drug companies are reluctant to use excipients in their products, which have not been approved.

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The United States pharmaceutical excipients market held the largest market share in 2017 in North America due to the presence of high-quality healthcare system and the presence of numerous pharmaceutical companies. Asia-Pacific is one of the upcoming markets due to the advancements in the technology of manufacturing new excipients.

Major Key Players:

1 Archer Daniels Midland Company

2 Ashland Inc.

3 Associated British Foods PLC

4 BASF SE

5 Croda International PLC

6 Evonik Industries AG

7 FMC Corporation

8 Roquette Group

9 The DOW Chemical Company

10 The Lubrizol Corporation

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Pharmaceutical Excipients Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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