Pharmaceutical Desiccant Market Size Growing at 4.3% CAGR by 2027 | Leading Players Clariant Global, E.I Du Pont De Nemours And Company, Csp Technologies, Inc., Multisorb Technologies

The global pharmaceutical desiccant market is segmented by desiccant type into silica gel, activated alumina, carbon clay desiccant, molecular sieves and others; by application into tablets, API's, capsules, nutraceutical product packaging and diagnostic kit and by regions. The pharmaceutical desiccant market is anticipated to mask a CAGR of 4.3% during the forecast period i.e. 2019-2027.

The advantageous properties of pharmaceutical desiccant are exploited in the field of pharmacy as well as packaged food industry on regular basis. Thus, new uses for their derivatives are discovered through R&D which is expected to boost the market shares rapidly. Currently, the global pharmaceutical desiccant market is observing vibrant growth owing to increasing demand for bottled capsules and tablets in the market. Application of pharmaceutical desiccants to keep these products moisture free with longer shelf life is estimated to drive the market over the forecast period.

North America is forecasted to showcase the highest growth over the forecast period on the back of growing pharmaceutical industry across the region accompanied with high expenditure on R&D activities. Increasing application of pharmaceutical desiccants in growing economies such as, China and India is expected to induce the highest growth of Asia Pacific market in terms of its consumption over the forecast period. Further, Europe is estimated to display a vivid growth on the back of presence of high geriatric population accompanied with increasing governmental initiatives across the region to provide safe pharmaceutical products during the forecast period.

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Rising Patient Pool resulting in Increased Demand

The worldwide increase in geriatric population and rising incidences of chronic as well as minor diseases, the market will grow owing to increasing purchasing power of the current population. Additionally, other factors such as increasing healthcare infrastructures with rising patient pool are expected to augment the growth of the market during the forecast period.

Growing Healthcare Expenditure

The OECD estimated that the global average expenditure on health, per capita, USD purchasing power parities was 3992 USD in the year 2017 which has been observed to increase since the past decade. This rise in personal healthcare expenditure owing to increasing disposable income is anticipated to contribute significantly to boost the market revenue over the forecast period.

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However, associated strict quality control criteria along with performance standards are expected to serve as leading restraints in the growth of the pharmaceutical desiccants market.

The report titled "Global Pharmaceutical Desiccant Market: Global Demand Analysis & Opportunity Outlook 2027" delivers detailed overview of the global pharmaceutical desiccant market in terms of market segmentation by desiccant type, by application and by regions.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.

This report also provides the existing competitive scenario of some of the key players of the global Pharmaceutical Desiccant Market which includes company profiling of Clariant Global, E.I Du Pont De Nemours And Company, Csp Technologies, Inc., Multisorb Technologies, Munters, Capitol Scientific Inc., Desiccare Inc., Oker-Chemie Gmbh, Rotor Source Inc., Proflute Ab Sanner Gmbh and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global pharmaceutical desiccant market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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