The Pharmaceutical Excipients Market is being driven by Increasing demand for functional excipients
The Pharmaceutical Excipients Market is expected to grow at a CAGR of 7.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5208.9 million. The global pharmaceutical excipients market is experiencing significant growth due to the increasing demand for orally administered drugs. This trend is driven by the need to produce easily consumable tablets, which is particularly important for older individuals and infants to enhance patient comfort. This requirement is propelling drug manufacturers to develop new excipients, including novel, chemically modified grades, existing excipients with diverse routes of administration, and co-processed options. These advancements expand the possibilities for the creation of new formulations and drug delivery systems, thereby fueling market expansion.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
246 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.7% |
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Market growth 2025-2029 |
USD 5208.9 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
6.6 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), US, Germany, Canada, China, Italy, Brazil, Japan, France, UK, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Pharmaceutical Excipients Market encompasses various aspects of pharmaceutical development, including Excipient Characterization and Compatibility, Excipient Selection, Dosage Form Design, Drug-Excipient Interactions, Controlled Release Formulations, Bioavailability Studies, In Vitro Dissolution, In Vivo Bioavailability, Pharmacokinetic Studies, Pharmacodynamic Studies, Quality by Design, Risk Management, Process Validation, Analytical Methods Development and Validation, Drug Product Development, Drug Substance Development, Biopharmaceutical Characterization, Bioequivalence Studies, Clinical Trial Design and Management, Pharmaceutical Packaging, Drug Stability, Drug Degradation, Pharmaceutical Quality Assurance and Control, Pharmaceutical Auditing, Pharmaceutical Traceability, Pharmaceutical Supply Chain, Pharmaceutical Logistics, Pharmaceutical Sales, Pharmaceutical Education and Training, Pharmaceutical Law, Pharmaceutical Regulations, Pharmaceutical Ethics, and Pharmaceutical Patents. This market involves the production, testing, and application of various excipients used in pharmaceutical formulations to ensure safety, efficacy, and quality.
The Pharmaceutical Excipients Market encompasses businesses specializing in the production of a broad spectrum of chemical substances utilized in pharmaceutical formulations, excluding Active Pharmaceutical Ingredients (APIs), industrial gases, commodity chemicals, specialty chemicals, and fertilizers. According to Technavio, the global market size for Pharmaceutical Excipients is determined by the consolidated revenue generated by manufacturers of these diverse chemical entities. Key growth drivers for this market include: 1. Robust demand from emerging economies: The Pharmaceutical Excipients Market experiences significant expansion in nations such as China, Brazil, Indonesia, and India. This growth can be attributed to various factors, including government incentives, affordable labor, ample land resources, and reduced transportation expenses, which have attracted numerous excipient manufacturers to establish their operations in these markets. 2. Increasing demand for drug delivery systems: The global Pharmaceutical Excipients Market is also fueled by the escalating need for advanced drug delivery systems. These systems, which include tablets, capsules, liquids, and powders, necessitate the use of excipients to ensure optimal drug efficacy, stability, and patient compliance. 3. Diversification of dosage forms: The expanding Pharmaceutical Excipients Market is further propelled by the increasing variety of dosage forms. This trend is driven by the growing demand for patient-friendly and convenient dosage forms, such as orally disintegrating tablets, transdermal patches, and inhalable powders, which require specialized excipients to ensure their efficacy and stability.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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