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At a CAGR of 5.2%, Oral Solid Dosage Pharmaceutical Formulation Market is Projected to Reach USD 1.1 Billion by 2034 | TMR Research
Oral Solid Dosage Pharmaceutical Formulation Market
Oral Solid Dosage Pharmaceutical Formulation Market (경구용 고형제제 시장) is expected to grow at a CAGR of 5.2% from 2024 to 2034 and reach US$ 1.1 Bn by the end of 2034
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Overview of Oral Solid Dosage Pharmaceutical Formulation Market
The global OSD pharmaceutical formulation market is experiencing robust growth due to technological advancements, rising demand for generic drugs, and increasing healthcare expenditure. The market is segmented by product type (tablets, capsules, powders, granules), technology (controlled-release, immediate-release, chewable, effervescent, others), end-users (hospitals, clinics, home care settings, pharmacies), and geographical regions.
Top Companies:
AstraZeneca plc
Bristol-Myers Squibb Company
Eli Lilly and Company
Gilead Sciences, Inc.
Merck & Co. Inc.
Novartis AG
Pfizer Inc.
AbbVie Inc.
Boehringer Ingelheim GmbH
F. Hoffmann-La Roche Ltd.
Johnson & Johnson
Biogen Inc.
Bayer AG
Teva Pharmaceutical Industries Ltd.
Amgen Inc.
Takeda Pharmaceutical Company
Otsuka Pharmaceutical Co., Ltd.
Recent Developments in OSD Pharmaceutical Formulation Market
Recent advancements and trends in the OSD pharmaceutical formulation market include:
Controlled-Release Technologies: Development of advanced controlled-release technologies that enhance the bioavailability and therapeutic efficacy of drugs while reducing dosing frequency.
Orally Disintegrating Tablets (ODTs): Growing popularity of ODTs for their ease of administration, especially for pediatric and geriatric populations, and patients with swallowing difficulties.
Chewable and Effervescent Tablets: Increasing adoption of chewable and effervescent tablets for improved palatability and patient compliance.
3D Printing: Emergence of 3D printing technology for personalized medicine, enabling the production of customized OSD formulations tailored to individual patient needs.
Nanotechnology: Application of nanotechnology in OSD formulations to enhance drug solubility, stability, and targeted delivery.
Drivers of Market Growth
Several factors contribute to the growth of the OSD pharmaceutical formulation market:
Technological Advancements: Continuous innovations in drug delivery technologies and formulation techniques are driving market growth.
Generic Drug Demand: Increasing demand for generic drugs, driven by patent expirations of blockbuster drugs and cost-effectiveness, is boosting the OSD market.
Chronic Disease Prevalence: Rising prevalence of chronic diseases, such as cardiovascular diseases, diabetes, and cancer, necessitates long-term medication, driving the demand for OSD formulations.
Aging Population: Growing aging population with higher medication needs is propelling the demand for easy-to-administer OSD formulations.
Pharmaceutical Industry Growth: Expansion of the pharmaceutical industry, particularly in emerging markets, is supporting the growth of the OSD market.
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Conclusion
The OSD pharmaceutical formulation market is poised for significant growth, driven by technological advancements, rising demand for generic drugs, increasing prevalence of chronic diseases, and expanding pharmaceutical industry. Innovations in controlled-release technologies, orally disintegrating tablets, chewable and effervescent tablets, 3D printing, and nanotechnology are enhancing the effectiveness and accessibility of OSD formulations.
Market Segmentation:
Dosage Form
Tablets
Conventional/Immediate Release
Modified Release
Chewable Tablets
Effervescent Tablets
Capsules
Hard Gelatin Capsules
Soft Gelatin Capsules
Powders
Lozenges & Pastilles
Drug Release Mechanism
Immediate Release
Delayed Release
Controlled Release
Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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