Pharmaceutical Excipients Market Size, Share, Development, Growth and Demand Forecast to 2022

The global Pharmaceutical Excipients market is growing, due to the high growth of pharmaceutical industry, increasing demand of excipients in generics market due to the patent cliffs, emergence of new excipients, increasing prevalence of chronic diseases, and aging population. Although the pharmaceutical excipients do not alter the functionality of active pharmaceutical ingredients in a drug, they help in ensuring consistency and control of a drug’s bioavailability, protects active pharmaceutical ingredients from degradation, and also improves dosing compliance.

The increasing focus of drug manufacturers in the emerging economies of Asia-Pacific and Latin America, such as India, China and Brazil, and the development of multi-functionality excipients are creating ample revenue generation opportunities for the major pharmaceutical excipients manufacturers. The key trend witnessed in the global market is the advances in nanotechnology providing new functions to pharmaceutical excipients. However, the stringent regulatory requirements especially in European Union and North America, and the quality concern related to excipients are expected to hinder the growth of the global market to some extent.

Pharmaceutical excipients are natural or synthetic inactive substances used alongside the active pharmaceutical ingredient of a drug. These substances perform their functions without altering or modifying the therapeutic action of the active pharmaceutical ingredient. Pharmaceutical excipients are used for various functions, such as easing administration of drug by intended route, improving dosing compliance, ensuring consistency and control of drug bioavailability, improving active pharmaceutical ingredient stability, and ensuring robust and reproducible physical product.

News Courtesy: P&S Market Research

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