Global Study on Pharmaceutical Excipients Market, 2015-2021

<strong>Global</strong> <strong>Study</strong> on Pharmaceutical Excipients Market, 2015-2021
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Market History:
Pharmaceutical excipients are substances other than pharmacologically active drug
components, which are included in the drug manufacturing process or contained in a
finished pharmaceutical product dosage form. They facilitate formulation design and perform
a range of functions such as increasing lubricity, enhancing flowability and improving
compressibility, among other characteristics. The global market for pharmaceutical
excipients has been segmented based on the source of origin or chemistry type as per U.S.
pharmacopeia, i.e. plant-based, animal-based, mineral-based and synthetically derived
excipients. The market has also been segmented by application type and functionality of
various excipients, and by regions.
The global pharmaceutical excipients market is estimated to be valued at US$ 7,415.2 Mn by
2021 end, with various markets registering significant CAGRs during the forecast period.
The growth of the global pharmaceutical excipients market is mainly driven by increasing
demand for drugs that can be consumed orally. Ease of consumption and associated patient
comfort has been pushing big drug makers to develop sustained-release dosage
formulations. This also contributes to extended shelf life of oral drugs, which adds to higher
revenue prospects. However, non-availability of harmonized quality standards for gradation
of excipients and their safety evaluation standards are some factors expected to restrain the
growth of the market over the forecast period.
International regulatory benchmarking for uniform good manufacturing and distribution
practices for excipients, spanning regions, is set to define the market landscape of the
Persistence Market Research 5