Global Excipients in Pharmaceuticals Market is Estimated to Reach $9 Billion by 2024, Says Accurize Market Research
Global Excipients in Pharmaceuticals Market report published by Accurize Market Research forecast that the global market is expected to reach $9 billion by 2024; growing at a CAGR of 5.9% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing research and development activities, progressions in functional excipients, rising generics market propelled by the patent cliffs and the rapidly increasing biopharmaceuticals sector to drive the growth of the market
Increasing research and development activities, progressions in functional excipients, rising generics market propelled by the patent cliffs and the rapidly increasing biopharmaceuticals sector fuel the demand for the global excipients in pharmaceuticals market. Furthermore, shifting focus of pharmaceutical manufacturing in the emerging markets, and the rising biologics and bio-similar industryalso boosts the growth of the market.
The global excipients in pharmaceuticals market has been bifurcated on the basis of material, dosage forms, route of administration, end users and geography. Materials egment is further segmented into organic excipient, inorganic excipient and USP water. Dosage form segment includes solid form, liquid dosage form, semi-solid dosage form and others. Route of administration is also segmented as injectable, oral, topical, advance drug delivery system and others. End user market is further divided into pharmaceutical companies, contract formulators, research institutes and others. By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Top players in the market
The key players operational in the market includes Ashland Global Holdings Inc., Avantor Performance Materials Inc., BASF AG, Cargill Inc., Croda International, CTD Holdings Inc., Dowdupont, Gattefosse, MegglePharma GMBH, Merck & Co. Inc., Omya AG, and The Lubrizol Corporation among others.
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