Press release
Pharmaceutical Excipients Market Size is Expected to Expanding at a CAGR of ~5% by 2027
Pharmaceutical Excipients market is estimated to attain a valuation of ~US$ 10.7 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of ~5% during the forecast period, 2019-2027
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The significant players operating in the global Pharmaceutical Excipients market are- BASF SE, Colorcon Inc., Ashland, Inc., Croda International Plc, Roquette Frères
Overview of the Pharmaceutical Excipients Market
The pharmaceutical excipients market includes a variety of substances such as fillers, binders, disintegrants, lubricants, preservatives, and flavoring agents used in drug formulation. These excipients are essential in ensuring the optimal delivery, absorption, and stability of active pharmaceutical ingredients (APIs). As the pharmaceutical industry evolves, the demand for high-quality and multifunctional excipients continues to rise.
Rising Demand for Pharmaceutical Excipients
The demand for pharmaceutical excipients is driven by the growing pharmaceutical industry, increased focus on generic drug production, and advancements in drug delivery systems. The development of new and innovative excipients is also contributing to market growth.
Key Insight: By 2024, the demand for multifunctional excipients is expected to increase by 15%, driven by the need for more efficient drug formulations.
Recent Developments in Pharmaceutical Excipients
Recent advancements in the pharmaceutical excipients market include the development of novel excipients, improvements in manufacturing processes, and the adoption of nanotechnology. These innovations are enhancing the performance and functionality of excipients, leading to better drug formulations.
Key Developments:
Novel Excipients: The introduction of new excipients with enhanced properties, such as improved solubility and stability, is transforming drug formulation processes.
Nanotechnology: The use of nanotechnology in excipient development is enabling targeted drug delivery and controlled release mechanisms.
Regulatory Approvals: Increased regulatory support for novel excipients is facilitating their adoption in pharmaceutical formulations.
Key Drivers of the Pharmaceutical Excipients Market
Several factors are propelling the growth of the pharmaceutical excipients market. These include the expansion of the pharmaceutical industry, increasing demand for generic drugs, and advancements in drug delivery technologies.
Key Drivers:
Expansion of the Pharmaceutical Industry: The growing global pharmaceutical industry is driving the demand for excipients used in drug formulations.
Generic Drug Production: The rising production of generic drugs, which require cost-effective and efficient excipients, is boosting market growth.
Advancements in Drug Delivery: Innovations in drug delivery systems, such as sustained-release and targeted delivery, are increasing the demand for specialized excipients.
Aging Population: The increasing geriatric population, which requires more medications, is contributing to the rising demand for pharmaceutical excipients.
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Market Opportunities and Challenges
While the pharmaceutical excipients market offers significant growth opportunities, it also faces challenges such as stringent regulatory requirements, high costs of novel excipients, and the need for continuous innovation.
Opportunities:
Emerging Markets: Rapid economic growth and expanding healthcare infrastructure in regions such as Asia-Pacific and Latin America offer substantial opportunities for market expansion.
Biopharmaceuticals: The growing biopharmaceutical sector presents opportunities for the development of specialized excipients for biologic drugs.
Challenges:
Regulatory Compliance: Navigating complex regulatory environments and ensuring compliance with varying standards can be challenging for market players.
High Costs: The development and production of novel excipients can be expensive, posing cost challenges for manufacturers.
Future Outlook
The future of the pharmaceutical excipients market looks promising, with ongoing advancements in drug formulation, rising demand for generic drugs, and supportive regulatory frameworks. Industry stakeholders must focus on innovation, strategic partnerships, and regulatory compliance to fully capitalize on market opportunities and address challenges.
Market Segmentation -
Product
Organic Chemicals
Carbohydrates
Sugars
Starch
Cellulose
Petrochemicals
Glycols
Povidones
Mineral Hydrocarbons
Acrylic Polymers
Others
Oleochemicals
Fatty Alcohols
Mineral Stearates
Glycerin
Others
Proteins
Others
Inorganic Chemicals
Calcium Phosphate
Calcium Carbonate
Calcium Sulfate
Halites
Metallic Oxides
Others
Others
Functionality
Fillers & Diluents
Viscosity Agents
Coating Agents
Binders
Disintegrants
Flavoring Agents & Sweeteners
Lubricants & Glidants
Colorants
Preservatives
Others
Formulation
Oral
Topical
Parenteral
Others
Source
Plant Origin
Animal Origin
Synthetic
Mineral Origin
This Report lets you identify the opportunities in Pharmaceutical Excipients Market by means of a region:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
Key Features of the Pharmaceutical Excipients Market Report: -
➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Pharmaceutical Excipients industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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Transparency Market Research Inc.
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1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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