Press release
Excipients Market Size, Share, Growth, By Emerging Trends, Business Strategies, Developing Technologies and Competitive Landscape
The excipients market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% in the forecast period of 2021 to 2028 and is expected to reach USD 11,244.15 million by 2028. Technological advancements in multifunctional excipients and increasing need for pharmaceutical products across varied therapeutic areas are the major drivers which propelled the demand of the market in the forecast period.Get a PDF Sample of the Global Excipients Market@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-excipients-market
The surging demand for biopharmaceuticals is anticipated to enhance the demand for market's growth rate. Due to their closeness to natural biological substances found in the human body, biopharmaceuticals are becoming increasingly popular in the healthcare business. As a result, they provide great efficacy with fewer adverse effects. They are one of the pharmaceutical industry's fastest-growing segments. Novel approaches such as regenerative medicine are constantly being refined. This has opened the door to even further expansion in this industry. Pharmaceutical companies can command high costs for novel treatments because of the safety and efficacy associated with biopharmaceutical products and their capacity to treat previously untreatable diseases. This contributes significantly to their overall revenue.
Market Development
In April, 2021, DFE Pharma announced the launch of the ultimate excipient solution for Biopharma named BioHale. DFE Pharma has introduced BioHale Sucrose, a high-purity, low-endotoxin excipient that can be utilized in formulations. This latest addition to the company's well-established excipients portfolio aids in the stabilization of biologics and provides the finest quality excipient technology and services to drug scientists and manufacturers globally, ensuring an increase in advanced therapeutic formulation.
In July 2020, Colorcon announced the launch of Acryl-EZE II which extends the pH range covered by its enteric coatings. Colorcon's Acryl-EZE II aqueous enteric solution provides particular applications for tablets and multiparticulate dosage forms with enhanced enteric protection up to a demanding pH 5.0 found in patients taking PPIs or when tested under fed settings.
In March 2022, Evonik announced the launch of a new technology named EUDRATEC SoluFlow to improve the solubility of oral small molecules. EUDRATEC SoluFlow is a service and technology that converts a poorly soluble medicine into a free-flowing amorphous solid dispersion powder (ASD). The quantity and complexity of post-processing processes can be reduced by compressing this ASD into tablets or filling it into capsules. Using standard pharmaceutical equipment, the emulsion-based approach produces homogenous microparticles with a regulated target size and high yield.
Key Market Competitors Covered in the Report
Dow
Roquette Frères.
JRS PHARMA
Evonik Industries AG
The Lubrizol Corporation (A Subsidiary of Berkshire Hathaway Inc.)
BASF SE
Ashland
Kerry Group PLC
Shin-Etsu Chemical Co., Ltd.
Colorcon
Chemische Fabrik Budenheim
Peter Greven GmbH & Co. KG
ADM
Croda International Plc
BENEO
Avantor, Inc.
Omya AG
DFE Pharma
Pfanstiehl, Inc.
MEGGLE Group Wasserburg
Browse a Detailed Summary of the Research Report @ https://www.databridgemarketresearch.com/reports/global-excipients-market
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