The global pharmaceutical excipients market is estimated to exhibit a CAGR of around 7% during the forecast period. One of the major growth opportunities for the market is advancement in the field of nanotechnology and integration of this technology in the production of pharmaceutical excipients. This integration tends to offer a wide range of benefits, such as improvement in film properties, lower amount of lubricant requirement, and improvement in targeted dose delivery in hosts. In addition, the growth in pharmaceutical and biopharmaceutical industries and the recent patent expires has fueled the growth of the global pharmaceutical excipients industry.
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Biologics are susceptible to minor changes and hence manufacturing them is a complex task. The demand for pharmaceutical excipients from the pharmaceutical and biopharmaceutical industry is one rise owing to the growth in biologics and biosimilars. There is an increasing demand for excipients that are capable of mitigating the biological production risks as well as improving the production yield.
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A shifting focus towards the Asia-Pacific region has been observed in the global pharmaceutical excipients market. Asia-Pacific is estimated to grow at the highest rate in the market and therefore pharma companies are shifting their focus towards this highest-growing region. Pharma manufacturers are establishing their production facilities in this region owing to lower cost and lax government policies. As a result, the growth in the pharmaceutical industry in the Asia-Pacific region has directly impacted positively the growth of the pharmaceutical excipients industry. For instance, in 2016, Ashland opened a pharmaceutical excipient plant in China to capture the increasing regional demand for modern formulation technologies.
Global Pharmaceutical Excipient Market-Segmentation
- Solubilizers & Surfactants/Emulsifiers
- Specialty Excipients
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
- Other Formulations
Global Pharmaceutical Excipient Market– Segment by Region
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
- Latin America
- The Middle East and Africa
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