Global Pharmaceutical Excipients Research Report 2023: Market Valuation Surges, Reaching USD 8.52 Billion with Promising CAGR of 5.25% Through 2028 - Rising Demand for Innovative Drug Formulations
Global Pharmaceutical Excipients Market
Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The "Pharmaceutical Excipients Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
An extensive new study on the global pharmaceutical excipients market projects impressive growth between 2018 and 2028, with the market value reaching an estimated USD 8.52 Billion in 2022 and forecasted to expand at a CAGR of 5.25%. The market is experiencing a significant upswing due to technological innovations, increased R&D investments, and a growing emphasis on patient-friendly pharmaceutical formulations.
Rising Demand for Innovative Drug Formulations Drives Market Growth
The pharmaceutical industry's diligent pursuit of advanced and more effective drug solutions underscores the expanding excipients market. The need for excipients has amplified with the rising trend towards novel drug delivery systems designed to improve medication bioavailability, ensure patient compliance, and enhance therapeutic outcomes. This trend is notably observable in the oral formulations segment, which is anticipated to experience rapid growth over the forecast period due to its convenience and the favorable patient acceptance it garners.
Technological Advancements Reshape Pharmaceutical Landscape
Technological breakthroughs are propelling the pharmaceutical excipients industry into a new era of innovation. Advanced techniques such as nanotechnology and 3D printing are revolutionizing drug delivery systems and personalized medicine, with a positive impact on the global market for pharmaceutical excipients.
Regional Market Insights Highlight North America's Dominance
The North American region is leading the global pharmaceutical excipients market, attributed to its advanced infrastructure, aggressive R&D activities, and investment in state-of-the-art excipients that meet the sophisticated demands of today's pharmaceutical industry. The comprehensive research report offers a granular analysis of the market segmented by product type, functionality, and formulation, with a geographic breakdown that includes regions like Europe, Asia-Pacific, South America, and the Middle East & Africa.
Product Insights: Organic chemicals hold the largest share in the market, credited to their compatibility and multiple functions in drug formulations.
Functionality Insights: The market is segmented into fillers, diluents, suspending agents, viscosity agents, and more, each playing a distinct role in the development of pharmaceutical products.
Formulations Insights: Oral formulations are anticipated to see pronounced growth due to the ease of administration and higher patient compliance.
Key Attributes:
Report Attribute | Details |
No. of Pages | 185 |
Forecast Period | 2022 - 2028 |
Estimated Market Value (USD) in 2022 | $8.52 Billion |
Forecasted Market Value (USD) by 2028 | $11.57 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Pharmaceutical Excipients Market.
BASF SE
Origin Instruments Corporation
Ashland Global Holdings
DuPont de Nemours, Inc.
Roquette Feres
Evonik Industries AG
Associated British Foods
Archer Daniels Midland Company
Lubrizol Corporation
Croda International
Kerry Group
Report Scope:
Pharmaceutical Excipients Market, By Product:
Organic Chemicals
Oleochemicals
Carbohydrates
Petrochemicals
Proteins
Calcium Phosphate
Metal Oxides
Halites
Calcium Carbonate
Calcium Sulphate
Others
Pharmaceutical Excipients Market, By Functionality:
Fillers & Diluents
Suspending & Viscosity Agents
Coating Agents
Binders
Flavouring Agents & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives Emulsifying Agents
Others
Pharmaceutical Excipients Market, By Formulations:
Oral Formulations
Tablets
Capsules
Liquid Formulations
Topical Formulations Parenteral Formulations
Other
Pharmaceutical Excipients Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
For more information about this report visit https://www.researchandmarkets.com/r/6qqc9g
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