Global Pharmaceutical Excipients Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Pharmaceutical Excipients Market Overview:

“The global Pharmaceutical Excipients Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Pharmaceutical excipient is a substance other than an active pharmaceutical ingredient (API) contained in a drug delivery system. Excipients are used to simplify the manufacture of pharmaceutical products and ultimately promote the physiological absorption of the drug. Excipients can contribute to lubricity, fluidity, disintegration, taste and can impart some form of antimicrobial function.

Rising demand for generic medicines is a major factor driving growth of the global pharmaceutical excipients market. In addition, increasing prevalence of various chronic diseases is in turn expected to boost demand for pharmaceutical excipients. This is another factor further fueling growth of the global market.

Stringent regulations on drug manufacturing and approval is a major factor restraining growth of the target market. In addition, high cost and time consuming drug development process are other factors hampering growth of the target market to a certain extent. However, growing research towards development of multi-functional excipients that can treat various diseases is a factor expected to create opportunity for major manufacturers in the global pharmaceutical excipients market over the forecast period.

The Europe market accounts for significant share in terms of revenue in the global pharmaceutical excipients market. Asia Pacific market is estimated to witness highest growth and is expected to register a CAGR of X.X% during the forecast period. The pharmaceutical excipients market in North America accounts for considerable share in terms of revenue to the target market during the forecast period.

Global Pharmaceutical Excipients Market Segmentation:

Segmentation On the Basis of Product:

• Organic Chemicals
• Inorganic Chemicals

Segmentation On the Basis of Functionality:

• Fillers & Diluents
• Binders
• Disintegrants
• Lubricants & Glidants
• Others (coating agents, preservatives, emulsifying agents, and flavoring agents & sweeteners)

Segmentation On the Basis of Formulation:

• Oral Formulations
• Topical Formulations
• Parenteral Formulations
• Others (vaginal, inhaled, ophthalmic, and optic)

Segmentation On the Basis of Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa