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Pharmaceutical Pellets Market 2023 - By Industry Outlook, Future Trends, Growth Analysis And Forecast To 2032
Pharmaceutical Pellets Market
The Business Research Company's Pharmaceutical Pellets Global Market Report 2023 identifies increasing prevalence of chronic diseases as the major driver for the Pharmaceutical Pellets market's growth in the forecast period. Chronic diseases are defined as problems that last for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. The use of pharmaceutical pellets can be beneficial for the treatment of chronic diseases as they reduce digestive problems and enhance drug absorption.
The global pharmaceutical pellets market is expected to grow from $1.48 billion in 2022 to $1.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical pellets market is expected to reach $2.54 billion in 2027 at a CAGR of 11.2%.
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Major competitors in the Pharmaceutical Pellets market are Abbott Laboratories, Takeda, Boehringer Ingelheim, Teva Pharmaceutical Industries Ltd., Eisai Co. Ltd., Colorcon Inc.
A key trend in the Pharmaceutical Pellets market includes product innovation. Companies operating in the pharmaceutical pellets market are focused on innovating new products to sustain their position in the market. For instance, in June 2021, Gilead Sciences Inc., a US-based biopharmaceutical company, received approval for the oral pellet version of Epclusa from the U.S. Food and Drug Administration. It is used for children who have a chronic hepatitis C infection. To improve the tolerability associated with palatability, oral pellets are administered once a day with food.
Read More On The Global Pharmaceutical Pellets Market Report Here:
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The Pharmaceutical Pellets market is segmented -
• By Technology: Extrusion, Fluid Bed Granulation, Dry Powder Layering, Solution And Suspension Layering, Spray Congealing, Spray Drying
• By Mechanism Of Action: Diffusion, Erosion, Osmosis
• By Technique: Direct, Melt, Wet, Dry
• By End-User: Pharmaceutical, Nutraceutical
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pharmaceutical Pellets market.
The Business Research Company's "Global Pharmaceutical Pellets Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharmaceutical Pellets Market Include:
1. Executive Summary
2. Pharmaceutical Pellets Market Characteristics
3. Pharmaceutical Pellets Market Trends And Strategies
4. Pharmaceutical Pellets Market - Macro Economic Scenario
5. Global Pharmaceutical Pellets Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……………………………….
32. Global Pharmaceutical Pellets Market Competitive Benchmarking
33. Global Pharmaceutical Pellets Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharmaceutical Pellets Market
35. Pharmaceutical Pellets Market Future Outlook and Potential Analysis
36. Appendix
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