Global Pharmaceutical Excipients Market to Reach $9.77 Billion by 2026

DUBLIN, September 9, 2022 /PRNewswire/ — The “Global Pharmaceutical Excipients Market – Forecast 2021 to 2026” report has been added to from ResearchAndMarkets.com offer.

The global pharmaceutical excipients market is expected to witness a CAGR of 7.31% during the forecast period to reach a total market size of US$9.776 billion by 2026, from US$5.966 billion in 2019.

Introduction

Excipients are pharmacologically inactive chemicals that are added to the active drug substance to help with lubrication, fluidity, disintegration, taste, and may provide some type of antibacterial action, as well as help the physiological absorption of the drug. Some of the excipients used in pharmaceutical industries include fillers, binders, lubricants, flavorants, sweeteners, chelating agents, solvents, co-solvents, etc.

Market factors

Tablets, capsules, oral liquids, topical creams and gels, implants, eye products, injectables, inhalers, transdermal patches, and suppositories are some of the dosage forms available. Pharmaceutical excipients are used in pharmaceutical dosage forms to aid the production process, protect, support or increase stability.

Cancer, chronic lung disease, stroke, diabetes and other chronic diseases are the leading causes of death and disability today. In United States alone, six out of ten individuals suffer from a chronic disease, requiring frequent medication. According to the International Diabetes Federation (IDF), around 463 million people (20-79 years old) had diabetes in 2019, with this number expected to rise to 700 million by 2045. pharmaceutical excipients.

Growth factors

Increase research and development (R&D)

R&D on pharmaceutical excipients has increased in recent years. R&D is crucial in pharmaceutical excipients to improve production process and product quality, more research and development is going on in pharmaceutical formulations using multifunctional excipients. Moreover, with the development of countries like China and IndiaR&D should increase in the field of pharmaceutical excipients.

Increase in chronic diseases

With the increase in chronic diseases, the growth of the generics market leads to an increase in the development of excipients, the main driver of market growth. With the advancement of drug development, there is an increase in pharmaceutical excipients.

Constraints

Pharmaceutical excipients require mandatory inspections by regulatory authorities at the manufacturing site. moreover, the huge investment in R&D is a major drawback. If the approval of a new drug fails, the excipient also fails even if it is not related to the excipient. Moreover, the creation of an excipient requires an enormous amount of time and money.

Segmentation:

By type of excipient

  • Polymers
  • Alcohols
  • Sugars
  • Minerals
  • Others

By formula type

  • Oral
  • Topical
  • Parenteral
  • Others

By feature

  • Coating agents
  • Flavoring and sweetening agents
  • Lubricants and Gliders
  • Dyes
  • Emulsifying agents
  • Buffering agents
  • Others

By distribution channel

By geography

  • North America
  • UNITED STATES
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Others
  • Asia Pacific
  • China
  • Australia
  • Japan
  • South Korea
  • India
  • Thailand
  • Taiwan
  • Indonesia
  • Others

Main topics covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

5. GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY TYPE OF EXCIPIENT

6. GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY FORMULATION TYPE

7. GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY FUNCTIONALITY

8. GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY DISTRIBUTION CHANNEL

9. GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY GEOGRAPHY

10. Competitive intelligence

11. COMPANY PROFILES

Companies cited

  • Ashland Global Holdings
  • Du Pont
  • BASF SE
  • Roquette Feres
  • Evonik Industries SA
  • Croda International
  • Related British Foods
  • Archer Daniels Midland Company
  • Lubrizol Company

For more information on this report, visit https://www.researchandmarkets.com/r/2zk5el

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SOURCE Research and Markets