Rising Adoption of Generic Drugs and Growing Biosimilar Industry is Anticipated to Propel the Growth of The Global Pharmaceutical Excipients Market at A CAGR of 5.5% During the Forecast Period, 2019-2026

ABOUT THIS REPORT

new report guarantee

The market report will provide latest insights, estimates, and market development. Moreover, we guarantee a latest report refreshed with latest progresses. The report will an all-inclusive evaluation of the market across all segments, regions, and counties.

Global Pharmaceutical Excipients Market Accounted for a Market Value of $6.8 Billion In 2019 and is Anticipated to Grow with A CAGR of 5.5% From 2019 To 2026.

North America is projected to be a prominent region in the global pharmaceutical excipients market. The solid presence of pharmaceutical companies has led to an increasing demand for excipients. In addition, growing investment in R&D, the increasing use of biologics, and growing per capita pharmaceutical spending contribute to the market growth in the region.

Rising Adoption of Generic Drugs and Growing Biosimilar Industry is Anticipated to Propel the Growth of The Global Pharmaceutical Excipients Market at A CAGR of 5.5% During the Forecast Period, 2019-2026

Files are delivered directly into your account within a few minutes of purchase.

Check Today's Best Price

$1000 Buy Now

OVERVIEW

Rising adoption of orphan drugs owing to the growing prevalence of rare diseases, increasing uptake of biopharmaceuticals, and advancements in functional excipients are some factors catalyzing the market growth. In addition, the budding biosimilars industry also poses an opportunity for the key players in the global pharmaceutical excipients market. Further, the growing biosimilars industry is bolstering the demand for excipients for the manufacturing of biologicals. In addition, the rising generics industry, particularly in developing nations, is supporting the growth of the market. On the flip side, the increasing regulatory strictness and time and cost-intensive drug development process may negatively impact the market growth.

The global pharmaceutical excipients market has been classified into product and functionality. The product segment has been segmented into inorganic chemicals and organic chemicals. The inorganic chemicals segment has been sub-segmented into calcium phosphate, calcium sulfate, calcium carbonate, halites, metallic oxides, and others. The organic chemical segment has been sub-segmented into oleochemicals, carbohydrates, petrochemicals, proteins, and others. The oleochemicals has been further segmented into fatty alcohols, glycerin, mineral stearates, and others. The carbohydrates segment has been further divided into sugars, cellulose, and starch. Further, the petrochemicals segment has been into glycols, mineral hydrocarbons, acrylic polymers, povidones, and others. Based on functionality, the global pharmaceutical ingredients market has been segmented into suspending & viscosity agents, filter & diluents, coating agents, binders, colorants, disintegrants, lubricants & glidants, emulsifying agents, preservatives, and others.

why buy this report?

The report will provide deep analysis of historic data, qualitative insights, product benchmarking, and premium market forecast.

Based on geography, the global pharmaceutical excipients market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America has been classified into the U.S. and Canada. Europe region has been segmented into the UK, Germany, Italy, France, and the Rest of Europe. Asia-Pacific region has been divided into Japan, India, South Korea, China, and Rest of Asia-Pacific. Moreover, the South American region has been segmented into Mexico, Brazil, Argentina, and the Rest of South America. Furthermore, the Middle East & Africa is segmented into GCC countries, Africa, and the Rest of the Middle East.

North America is projected to be a prominent region in the global pharmaceutical excipients market. The solid presence of pharmaceutical companies has led to an increasing demand for excipients. In addition, growing investment in R&D, the increasing use of biologics, and growing per capita pharmaceutical spending contribute to the market growth in the region. In Europe, Germany and the U.K. are the prominent countries. Factors such as the growing usage of generic drugs and the rising development of novel drugs support market growth in the European region. Further, the Asia Pacific region is expected to be the fastest-growing region due to the increasing geriatric population, growing generic drug production, increasing R&D investments, and developing healthcare sector in countries such as India and China. Few pharmaceutical companies are growing their business operations in the Middle Eastern region which has assisted the growth of the pharmaceutical market in the region. Presently, the Middle East & Africa holds the least share in the global pharmaceutical excipient market.

Prominent companies functioning in the pharmaceutical excipients industry include Ashland Global Holdings Inc., BASF SE, Evonik Industries AG, Dupont De Nemours, Inc., Roquette Frères, Lubrizol Corporation, Innophos Holdings Inc., Air Liquide S.A., Croda International, Inc., Colorcon Inc., JRS Pharma GmbH & Co. Kg, DMV-Fonterra Excipients GmbH & Co. Kg, and Merck Millipore. Strategies such as mergers & acquisitions, partnerships, geographical expansion, and product launches are undertaken by key players to surge their market share. For instance, in November 2019, Innophos Holdings Inc. launched A-Tab MD, a co-processed multifunctional excipient at CPhI Worldwide 2019. Moreover, in July 2016, Merck signed an agreement with PCAS S.A. As per the agreement, Merck became the worldwide distributor of the Expansorb line of biodegradable and biocompatible polymers. Further, in October 2015, Merck Millipore launched Parteck SRP 80. Parteck SRP 80 is a polyvinyl alcohol (PVA) based functional excipient developed for oral sustained-release formulations.

want to find out more about this report?

Request more information

Check Today's Best Price

$1000 Buy Now

CLIENTS

SHARE YOUR CART