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Pharmaceutical Pellets Market Trends That Will Shape the Next Decade: Insights from Product Innovations Transforming The Pharmaceutical Pellets Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Pharmaceutical Pellets Market Size By 2025?
The market size for pharmaceutical pellets has seen rapid expansion in recent years. The market value is expected to increase from $1.82 billion in 2024 to $2.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.1%. This growth during the historical period can be credited to the increase in oral dosage forms, emphasis on patient compliance, initiatives in pharmaceutical research, efforts in taste-masking and stability, as well as regulatory approvals and patents.
How Big Is the Pharmaceutical Pellets Market Size Expected to Grow by 2029?
In the coming years, the pharmaceutical pellets market is anticipated to experience a rapid escalation in size, generating up to "$3.11 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 11.6%. The projected growth in this period can be tied to the rising demand for forms of pediatric dosage, multi-particulate dosage, and geriatric dosage, as well as the creation of combination therapy dosage forms and advances in continuous manufacturing. Expected trends during this period encompass the integration of 3D printing technologies, use in customised nutrition, real-time monitoring through intelligent coatings, orally disintegrating pellets, as well as biodegradable and eco-responsible pellets.
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Which Key Market Drivers Powering Pharmaceutical Pellets Market Expansion and Growth?
The burgeoning rate of chronic illnesses is likely to fuel the expansion of the pharmaceutical pellets market in the future. Chronic illnesses are typified as conditions that persist for more than a year and demand ongoing medical attention while limiting everyday activities or both. Utilizing pharmaceutical pellets could prove beneficial in treating chronic illnesses as they mitigate digestive issues and improve drug absorption. For instance, the National Center for Biotechnology Information (NCBI), a component of the US National Library of Medicine, stated in January 2023 that by 2050, there will be a 99.5% growth in the number of people over 50 years old suffering from at least one chronic disease, increasing from 71.522 million in 2020 to 142.66 million. Hence, the surge in chronic illness prevalence is bolstering the pharmaceutical pellets market's growth.
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What Trends Will Shape the Pharmaceutical Pellets Market Through 2029 and Beyond?
The trend of product innovation is increasingly gaining traction in the pharmaceutical pellets market. Firms in this market are centering their efforts on the creation of new products to retain their market stature. For example, in May 2024, Schedio SA, an engineering firm based in the US, unveiled the High Potent Pilot Particle Engineering Platform. This sophisticated platform, which supports up to 465 configurations and can be integrated with spray dryers and jet mills, is designed to improve particle engineering for high potency compounds in the pharmaceutical sector. It includes features such as high containment and user-friendly controls, intended to ensure safety, precision, and adherence to regulations in pharmaceutical manufacturing processes.
What Are the Emerging Segments in the Pharmaceutical Pellets Market?
The pharmaceutical pellets market covered in this report is segmented -
1) By Technology: Extrusion, Fluid Bed Granulation, Dry Powder Layering, Solution And Suspension Layering, Spray Congealing, Spray Drying
2) By Mechanism Of Action: Diffusion, Erosion, Osmosis
3) By Technique: Direct, Melt, Wet, Dry
4) By End-User: Pharmaceutical, Nutraceutical
Subsegments:
1) By Extrusion: Melt Extrusion, Solvent-Based Extrusion
2) By Fluid Bed Granulation: Top-Spray Granulation, Bottom-Spray Granulation
3) By Dry Powder Layering: Powder Layering On Inert Cores, Coating Techniques
4) By Solution And Suspension Layering: Solution Layering, Suspension Layering
5) By Spray Congealing: Hot Melt Spraying, Cooling Methods
6) By Spray Drying: Single-Stage Spray Drying, Multi-Stage Spray Drying
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Who Are the Global Leaders in the Pharmaceutical Pellets Market?
Major companies operating in the pharmaceutical pellets market include Abbott Laboratories, Takeda, Boehringer Ingelheim, Teva Pharmaceutical Industries Ltd., Eisai Co. Ltd., Colorcon Inc., Nordic Sugar AB, Pfizer, Merck & Co., Manus Aktteva Biopharma LLP, Thexa Pharma (P) Limited, Avanscure Lifesciences Private Limited, MB Sugars & Pharmaceuticals Limited, CIL Laboratories Pvt Ltd, Sainor Pharma Pvt Ltd, Umang Pharmatech Pvt Ltd, Nami Lifesciences Pvt Ltd, Lograns Pharma Private Limited, Rainbow Health Care Products, Chemit Laboratories, Concord Drugs Limited, Pharmaceuticals Private Limited, Nanjing Joyfulchem ??Co. Ltd., Praful International Corporation, Pellets Pharma Limited, A B Enterprises, Vision Pharmacoat Pvt Ltd, Spansules Pharma, Ravoos Laboratories Ltd
Which are the Top Profitable Regional Markets for the Pharmaceutical Pellets Industry?
North America was the largest region in the pharmaceutical pellets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical pellets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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