Factors that drive the global pharmaceutical excipients market are rising demand for pharmaceutical drugs, increasing popularity of functional excipients, drug pipeline, development of novel excipients, and increasing generic drugs market caused by expiration of various bestseller drugs patents. Factors that are likely to impede the market growth include, supply chain issues, high market fragmentation, and implementation of stringent regulations.
Portland, OR -- (SBWIRE) -- 03/15/2018 -- Pharmaceutical excipients are inert substances, other than the pharmacologically active drug, which are included in the manufacturing process or are present in the pharmaceutical product dosage form. Excipients are widely used in drug formulation to provide long-term stability, add bulkiness to solid formulations and facilitate drug absorption. They also enhance the overall safety or functionality of the product during storage or use. The world pharmaceutical excipients market size is evaluated to reach 728.4 kilo tons in volume by 2020, accounting for a revenue of $6.4 billion.
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Binders segment generated highest revenue in 2015 and is anticipated to maintain this trend throughout the forecast period. This is attributed to the higher use of binders in pharmaceutical drugs as compared to fillers and diluents. However, fillers and diluents led this segment in terms of volume (units) in 2015 and accounted for about one fourth of the overall market. Economical cost and high popularity of fillers and diluents across pharmaceutical and excipient industries were the key factors responsible for the dominance of filler and diluents segment.
KEY BENEFITS FOR STAKEHOLDERS:
The Pharmaceutical Excipients Market report offers an extensive study of the current trends along with the future market scenario across various geographies.
It provides detailed quantitative statistics of the current corporate structure and forecasts from 2014 to 2020 to identify the prevailing investment opportunities.
It delivers an in-depth analysis of the key driving and restraining factors of the market.
The key manufacturers of excipients have been profiled and their growth strategies are portrayed in a comprehensive format to outline the competitive landscape.
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PHARMACEUTICAL EXCIPIENTS MARKET KEY SEGMENTS:
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