Press release
Biopharmaceutical Excipient Manufacturing Market Current Scenario with Future Trends Analysis to 2031
The Biopharmaceutical Excipient Manufacturing Market Size is valued at 1,372.7 million in 2023 and is predicted to reach 2,892.5 million by the year 2031 at a 9.82 % CAGR during the forecast period for 2024-2031.
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Excipients are carrier substances that are beneficial in the formulation of biopharmaceuticals. They enhance drug stability in the dosage form, alter API solubility, and provide effective constituent binding. Inert, repeatable excipients are produced by minerals, sucrose, corn, wheat, and other comparable components. They have the potential to enhance the quality of the ultimate output, reduce operational expenses, and increase production. The healthcare sector has undergone a paradigm shift as biologics have gained popularity. In the past decade, the United States Food and Drug Administration (FDA) has consistently increased the number of biopharmaceuticals it approves annually, which includes gene treatments, vaccines, recombinant proteins, and monoclonal antibodies. At present, clinical trials are underway in more than 8,000 biological pharmaceutical compounds worldwide.
The increasing emphasis on the development of novel drugs, the expanding use of lipid and sucrose-based excipients, the rising rates of chronic diseases, and technological advancements in pharmaceutical manufacturing all contributed to the increased market player efforts to create excipients for novel, high-quality drugs. The biopharmaceutical excipient manufacturing market is primarily driven by the pharmaceutical industry's advancements in research and development. The increasing number of COVID-19 cases has resulted in an increase in the burden of drug production for biopharmaceutical companies to treat the affected individuals. Companies are consequently prioritizing the expedited development of drugs. Excipients are effective and efficient in enhancing the production of biopharmaceuticals.
Throughout the projection period, there will be substantial development opportunities due to the increasing demand for biopharmaceutical excipients to manufacture novel and stabilized medications. Nevertheless, the challenges associated with medication manufacturing and the substantial capital expenditure required may impede market expansion during the projected period. North America is expected to be the primary contributor to the Biopharmaceutical Excipient Manufacturing market due to a variety of factors, such as a substantial population base, an increase in drug research, and the presence of significant players. Biopharmaceutical excipients are being manufactured through partnerships among businesses in this region. Furthermore, it is anticipated that the Asia Pacific regional market will experience substantial growth due to the increasing prevalence of chronic diseases, the rise in healthcare expenditure, and the rise in drug demand. The two developing nations in this sector are China and India.
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Major market players operating in the Biopharmaceutical Excipient Manufacturing market include
Roquette (France) , Kirsch Pharma (Germany), ABITEC (US), Avantor (US), BASF Pharma (Germany), Corden Pharma (Germany), DFE Pharma (Germany), Evonik (Germany), Merck KGaA (Germany), Pfanstiehl (US), Spectrum Chemical Manufacturing (US), SPI Pharma (US), and Others.
Recent collaborations and agreements in the market:
• In April 2020, DFE Pharmahas recently introduced a new line of biopharmaceutical excipients to stabilize biologics. BioHale, a novel spectrum of excipients, comprises the purest excipients that may be implemented in the formulation. It is composed of BioHale trehalose and BioHale sucrose. It is presently being developed and will be available for purchase online.
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Market Segments
Global Biopharmaceutical Excipient Manufacturing Market, by Type of Biologics, 2022-2030 (Value US$ Mn)
• Antibodies
• Vaccines
• Cell Therapies
• Other Biologics
Global Biopharmaceutical Excipient Manufacturing Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
Global Biopharmaceutical Excipient Manufacturing Market, by Scale of Operation, 2022-2030 (Value US$ Mn)
• Preclinical
• Clinical
• Commercial
Global Biopharmaceutical Excipient Manufacturing Market, by Type of Excipient, 2022-2030 (Value US$ Mn)
• Carbohydrates
• Polymers
• Solubilizers/Surfactants
• Polyols
• Proteins/Amino Acids
• Others
• Middle East & Africa
North America Biopharmaceutical Excipient Manufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Biopharmaceutical Excipient Manufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Biopharmaceutical Excipient Manufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Biopharmaceutical Excipient Manufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Biopharmaceutical Excipient Manufacturing Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
> To obtain a thorough examination of the global Biopharmaceutical Excipient Manufacturing market's prospective
> To obtain an industry overview and future trends of the Biopharmaceutical Excipient Manufacturing market
> To conduct an analysis of the drivers and challenges of the Biopharmaceutical Excipient Manufacturing market
> To obtain information regarding the Biopharmaceutical Excipient Manufacturing market value (US$ Mn) forecast through 2030
> Significant investments, mergers, and acquisitions in the Biopharmaceutical Excipient Manufacturing market industry
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