Pharmaceutical Excipients Market SWOT Analysis, Segmentation, Applications & Emerging Audience Till 2028

𝐂𝐨𝐡𝐞𝐫𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 released a new market study on 2022-2028 Pharmaceutical Excipients Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The global research report delivers an in-depth watch on leading competitors with strategic analysis, small and macro business trends and eventualities, valuation analysis and a holistic summary within the forecast amount. Its knowledge and in-depth reports specializing in primary and secondary drivers, market share, leading segments, and geographical analysis. Further, key players, major collaborations, merger & acquisitions of trending innovation and business policies reviewed within the report. The report contains basic, secondary and advanced data referring to international standing and trend, size, share, growth, trends analysis, section, and forecasts.

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Pharmaceutical excipients are crucial ingredients that improves the properties of active pharmaceutical ingredients (APIs). They are produce to initiate various ingredient qualities and have become a valuable asset for drug formulators. Excipients may be used for long-term stabilization, bulking up solid formulations that entail APIs in small amounts, or to offer an enhancement of the active ingredient in the final dosage form. Moreover, excipients are used to enhance properties of the drug formulation such as growing drug absorption, reducing viscosity, and enhancing solubility of APIs in the formulation.

Moreover, pharmaceutical excipients used in the drug offer patient compliance and formulation safety. Excipients can be categorized as sweeteners and flavoring agent that are used in the pharmaceutical formulation to mask the bitter taste of API's, and helps to increase patient compliance for drug creation. For instance, the International Pharmaceutical Excipient Councils (IPE) governs the global pharmaceutical excipients manufacturing by providing harmonized excipient guidelines to manufacturers. IPE provide general guideline such as Good Manufacturing Practices implementation for excipient, guideline for manufacturing site selection, safety manufacturing and others

The global pharmaceutical excipients market size was valued at US$ 6,557.6 Million in 2018, and is expected to exhibit a CAGR of 6.9% over the forecast period (2019-2027).

Major Players are: BASF SE, DOW Chemical Company, FMC Corporation, Croda International PLC, Ashland Inc., Roquette Group, Lubrizol Corporation, Innophos Holdings Inc., MEGGLE Excipients & Technology, and others.

Excipients are majorly used in the development of oral dosage forms such as capsules, tablets, and liquids due to its stability and high shelf-life of oral dosage drugs. Moreover, based on application, the pharmaceutical excipients market is segmented into oral, topical, and parenteral. Currently, there is growing focus on using liposomes for the delivery of topical drugs. Liposomes are used as models for artificial cells. They neutralizes the pH of drug itself by protons mechanism and allowing it to freely pass through a membrane. These liposomes offer drug by diffusion process rather than direct cell fusion. Such novel drug delivery approaches helps to augment growth of the global pharmaceutical excipients market.

Additionally, growing demand for novel drug formulations is propelling growth of the global pharmaceutical excipients market. For example, according to the research article published by The National Center for Biotechnology Information (NCBI) on June 2019, researchers from the University of Sussex developed a new oral dosage form to tackle bioavailability challenges such as drug absorption, drug metabolism and first pass metabolism of oral dosage forms. They developed Liqui-pellet oral dosages for drug delivery by using liquisolid technology that involves extrusion-spheronization process.

Increasing patent expiries to offer lucrative opportunities for pharmaceutical excipients manufacturers

According to the McKinsey's Global Generics report 2017, Symbicort (budesonide/formoterol fumarate dihydrate), Velcade (bortezomib), Alimta (pemetrexed), Vytorin (ezetimibe and simvastatin), Cubicin (daptomycin), Reyataz (atazanavir), and Sandostatin LAR (octreotide acetate) are some of the major brands that went off-patent in 2017. This will pave way for generic brands, boosting the demand for pharmaceutical excipients

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Additionally, according to the McKinsey's Global Generics report, around US$ 97 billion worth of drugs will go off-patent over 2017 - 2019.

Furthermore, major key players are focusing on strategic partnership in order to expand their product portfolio in the global pharmaceutical excipients market. For instance, in March 2019, BASF collaborated with Nuritas, a startup based in Ireland, for the launched of PeptAIde a sport nutrition product in china. PeptAIde helps to modulate inflammation for post-workout recovery, it contains a unique set of plant-based peptides, identified using artificial intelligence.

Moreover introduction of biosimilars would further augment growth of the pharmaceutical excipients market. Key vendors are investing in production of biosimilars to capitalize on this billion dollar market opportunity. On the other hand, strict regulatory hold over approval of biosimilars is delaying the approval of biosimilars being developed, this in turn hindering growth of the pharmaceutical excipients market.

How Will The Pharmaceutical Excipients Market Report Be Beneficial?

This report will be a valuable assessment for new startups who wish to enter the Pharmaceutical Excipients Market, as it will not just provide the current market trends but also predict the future trends. You will get a look at the customised market segments according to geographical regions, country or even different combinations of manufacturers in the market.

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