Ireland Pharmaceutical Excipients Market Expanding at a 7.63% CAGR, Total Revenue is Anticipated to Reach USD 351.0 Million by 2030 | IGR

Infinium Global Research has added a new report on the Ireland Pharmaceutical Excipients Market. The report covers the analysis of the regional markets of Ireland. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Ireland pharmaceutical excipients market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Ireland market. The dynamics include drivers, restraints, opportunities, political, and socioeconomic factors, technological factors, key trends, and future prospects. The driving forces behind this growth are multifaceted, rooted in the booming pharmaceutical sector, innovation in excipient development, and regulatory challenges. The Ireland pharmaceutical excipients market was valued at USD 199.5 Million in 2022 and is expected to reach USD 351.0 Million by 2030 and grow at a CAGR of 7.63% over the forecast period.

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Booming Pharmaceutical Industry

The pharmaceutical industry in Ireland is experiencing substantial growth, marked by an upsurge in pharmaceutical production through public, private, and mixed partnerships. Initiatives to license production for generics are aimed at improving access to affordable medicines in the country. Several excipients are also being co-processed directly with Active Pharmaceutical Ingredients (APIs) to develop compositions that are ready for direct compression, further fueling the market's growth.

The Irish pharmaceutical industry is recognized for its manufacturing excellence, with significant employment growth, a highly qualified workforce, and numerous government incentives. Ireland has emerged as a prominent hub for pharmaceutical companies, hosting nine of the top 10 pharmaceutical companies and manufacturing seven of the world's top 10 selling drugs. With over 120 global pharmaceutical companies operating within its borders, Ireland is a major net exporter of medicines.

Large-scale investments by major biotech players like MSD, WuXi Biologics, Pfizer, Janssen, and Regeneron are driving continued growth in the Irish pharmaceutical sector. The development of branded drugs, substantial capex investments, and the trend toward contract manufacturing all contribute to the positive outlook for the sector.

Innovations in Pharmaceutical Excipients

With the rapid progress of the pharmaceutical manufacturing sector, the demand for excipients, including diluents, fillers, binders, disintegrants, lubricants, coloring agents, and preservatives, is expected to surge. New excipients with tailored characteristics are required to meet the growing demand for new drug development and high industrial output.

The emergence of co-processed excipients, which combine existing products to create more efficient formulations, is gaining traction. This innovative approach can significantly reduce approval times, especially for rapidly developing APIs. Co-processed excipients offer the potential for single multifunctional excipients, simplifying formulation processes.

Regulatory Challenges and Opportunities

Ireland maintains a strong and transparent regulatory framework, with exemplary compliance records with agencies such as the HPRA, FDA, and EMA. While this regulatory rigor assures product quality, it also presents challenges. Stringent guidelines, like the "Guidelines of 19 March 2015 on the formalized risk assessment for ascertaining the appropriate good manufacturing practice for excipients of medicinal products for human use," have increased initial expenses and compliance costs, affecting excipient manufacturers' profitability.

Despite these challenges, the pharmaceutical excipient market holds great potential. The demand for novel drug delivery systems and biotechnology-derived drugs is spurring the development of innovative excipients. These novel excipients are designed to enhance solubility, absorption, disintegration, and stability for parenteral formulations.

As the pharmaceutical industry explores new frontiers, the growth of novel pharmaceutical excipients, along with advances in nanotechnology-enabled and liposomal delivery systems, presents exciting opportunities for the market.

For more in-depth analysis and comprehensive profiles of leading companies in the Ireland pharmaceutical excipients market, including BASF SE, Medex Pharmaceuticals, Kerry Group PLC, ADM, and Merck KGaA, refer to the full market research report.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Ireland Pharmaceutical Excipients Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Ireland Pharmaceutical Excipients Market

Chapter 4. Ireland Pharmaceutical Excipients Market by Type

4.1. Organic

4.2. Inorganic

Chapter 5. Ireland Pharmaceutical Excipients Market by Functionality

5.1. Binders & Fillers

5.2. Coating Agents

5.3. Disintegrants

5.4. Flavoring Agents and Colorants

5.5. Lubricants and Glidants

5.6. Sweeteners

5.7. Preservatives & Antioxidants

5.8. Others

Chapter 6 Ireland Pharmaceutical Excipients Market, by Formulation

6.1 Oral

6.2 Topical

6.3 Parenteral

Chapter 7. Company Profiles

7.1 BASF SE

7.1.1 Overview

7.1.2 Company Overview

7.1.3 Product Portfolio

7.2 Medex Pharmaceuticals

7.2.1 Overview

7.2.2 Company Snapshot

7.2.3 Product Portfolio

7.3 Kerry Group PLC

7.3.1 Overview

7.3.2 Company Snapshot

7.3.3 Product Portfolio

7.4 ADM

7.4.1 Overview

7.4.2 Company Snapshot

7.4.3 Product Portfolio

7.5 Merck KGaA

7.5.1 Overview

7.5.2 Company Snapshot

7.5.3 Product Portfolio

7.5.4 Recent Developments

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Ireland pharmaceutical excipients.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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