Global Study on Pharmaceutical Excipients Market, 2015-2021

<strong>Global</strong> <strong>Study</strong> on Pharmaceutical Excipients Market, 2015-2021
excipient industry over the forecast period. This is expected to be accompanied by
standardized documentation, and approval and pharmacovigilance activities related to these
inactive ingredients.
Based on chemistry type, the market has been segmented into plant-based, animal-based,
mineral-based, and synthetically derived. <strong>Global</strong>ly, naturally derived excipients are
witnessing increased demand due to lesser side effects, such as flatulence, skin rashes, etc.
and improved composition quality. In terms of value, the plant-based excipient is estimated
to account for close to one-third of the global market share by 2021 end. The segment is
expected to gain market attractiveness throughout the forecast period. The principle plantbased
excipients expected to witness increased demand are microcrystalline cellulose
(MCC), starch, and starch-derivatives. They would find primary application in oral
formulations.
Based on application, the market has been segmented into oral, topical, parenteral
formulations, and others. Others segment includes less frequently used drug delivery
methods such as suppositories, intra-muscular, transdermal, ophthalmic, etc. Lack of highly
developed controlled manufacturing facilities and fear of anti-microbial contamination is
expected to deter the development of excipients such as solvents and co-solvents in certain
regions over the forecast period.
Based on functionality, the global excipient market has been segmented into binders,
diluents, glidents, disintegrants, and others (solvents, co-solvents, anti-microbial agents,
humectants, colorants, sweeteners, etc.). The binders functionality segment, consisting of
binders, fillers, and coating agents are primarily used in oral solid dosage formulations and is
expected to account for close to 50% of the total excipient market by value over the forecast
period. The segment is expected to be valued at US$ 3,523.8 Mn by 2021 end, registering a
significant CAGR over the forecast period.
The global pharmaceutical excipients market has been segmented into five major regions
namely North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. In
terms of value, North America is estimated to be dominant, accounting for over one-third of
the total excipients market value by 2015 end. Asia Pacific is estimated to emerge as the
fastest growing market among all the emerging regions while revenue from the market in
Persistence Market Research 6