Excipients Market Dynamics, Share, Specifications, Analysis and Forecasts 2012-2020
Global excipients market size was worth USD 3.47 billion in 2013 which is anticipated to grow at a CAGR of more than 6.0% over the forecast period. Rise in demand for the generic drugs and the formulation additives required for the purpose of formulating these drugs is anticipated to drive excipient market in the coming years.”
Global excipients market size was worth USD 3.47 billion in 2013 which is anticipated to grow at a CAGR of more than 6.0% over the forecast period. Rise in demand for the generic drugs and the formulation additives required for the purpose of formulating these drugs is anticipated to drive excipient market in the coming years.”
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<strong>Excipients</strong> <strong>Market</strong> <strong>Dynamics</strong>, <strong>Share</strong>, <strong>Specifications</strong>, <strong>Analysis</strong> <strong>and</strong><br />
<strong>Forecasts</strong> <strong>2012</strong>-<strong>2020</strong><br />
“Global excipients market size was worth USD 3.47 billion in 2013 which is<br />
anticipated to grow at a CAGR of more than 6.0% over the forecast period. Rise<br />
in dem<strong>and</strong> for the generic drugs <strong>and</strong> the formulation additives required for<br />
the purpose of formulating these drugs is anticipated to drive excipient<br />
market in the coming years.”<br />
Industry Insights<br />
Global <strong>Excipients</strong> <strong>Market</strong> size was worth USD 3.47 billion in 2013 which is anticipated to grow at a CAGR of more<br />
than 6.0% over the forecast period. Rise in dem<strong>and</strong> for the generic drugs <strong>and</strong> the formulation additives required<br />
for the purpose of formulating these drugs is anticipated to drive excipient market in the coming years.<br />
Development of a drug in diverse formulations requires a range of binders, disintegrants, <strong>and</strong> other chemicals<br />
that maintain or retain the characteristics of a drug moiety. Rise in disease prevalence as a consequence of<br />
increasing geriatric population is expected to increase the dem<strong>and</strong> for pharmaceutical products, thus impacting<br />
the excipients dem<strong>and</strong> over the forecast period.<br />
Ongoing investigations for the development of suitable chemicals with ideal characteristics for a given<br />
formulation is are anticipated to boost growth in this sector. Adoption of novel delivery models that fuel the<br />
dem<strong>and</strong> for enhanced chemical structures that are more stable <strong>and</strong> active in nature is expected to support in<br />
the projected growth. Treatment of the complex diseases pronounces the dem<strong>and</strong> for complicated delivery<br />
methods that in turn drive the R&D in this sector thus leading to substantial progress in the coming years.<br />
Product Insights<br />
Polymer excipients accounted for the largest revenue share in context with revenue generation owing to its<br />
higher usage in several drug formulations. Advantages associated with the usage of this category of excipients<br />
include its changing property with changing concentration in different kind of dosage forms.<br />
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In addition to this, the multi-functionality of these products is anticipated to induce its adoption in several<br />
dosage forms thereby leading to its substantial growth. Use of polymers in the sustained <strong>and</strong> controlled release<br />
medication is attributive to support growth.<br />
Regional Insight<br />
European region dominated with largest share in 2016. High dem<strong>and</strong> for pharma products due to high base of<br />
geriatric population <strong>and</strong> established sophisticated infrastructure to answer the healthcare needs are the factors<br />
owing for its estimated share. North America accounts for the second largest share in market, owing to a large<br />
base of pharmaceutical companies in this region.<br />
Asia-Pacific region is expected to gain significant market share, growing at lucrative CAGR owing to the high<br />
prevalence of the chronic disease <strong>and</strong> rising investment by MNCs who outsource their products due to low<br />
manufacturing cost <strong>and</strong> supportive government policy. In the coming years, development in the drug delivery<br />
system <strong>and</strong> high investment in R&D for improving dosage form technology is anticipated to fuel strong growth<br />
over the forecasted period.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/excipients-market<br />
Competitive Insights<br />
Companies that dominate excipient market are Avantor Performance Materials, P&G, Huntsman Corporation,<br />
Eastman Chemical Company, BASF, Ashl<strong>and</strong> Inc., Danisco A/S, FMC Corporation, Lubrizol Corporation, <strong>and</strong><br />
Evonik Industries.<br />
There is a high industry rivalry with intense competition. By capitalizing the untapped market <strong>and</strong> other<br />
strategies such as mergers & acquisitions, integration <strong>and</strong> collaborations of R&D for better outcomes the<br />
companies aim to acquire higher market share.<br />
<strong>Market</strong> Segment:<br />
<strong>Excipients</strong> Product Outlook<br />
• Polymers<br />
• Minerals<br />
• Sugars <strong>and</strong> Others<br />
• Alcohol<br />
• Gelatin<br />
<strong>Excipients</strong> Regional Outlook<br />
• North America<br />
• Europe<br />
• Asia Pacific
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/pharmaceuticals<br />
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