The global pharmaceutical excipient market is estimated to grow at a considerable CAGR of around 7% during the forecast period. The market growth is primarily attributed to the growth in pharmaceutical and bio-pharmaceutical industries, the recent patent expires that increase the demand for pharmaceutical excipients and rapid advancements in nanotechnology. Many drugs are on the verge of losing their patents in the coming years. The patent cliff results inlosing patent protection of branded drug sales worth hundreds of billions of dollars.
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With the expiration of patents, generic drug manufacturers create their own replicas in around 80% less cost than the originals. The patent expiry propels the pharma companies to use functionality excipients in order to try and extend patents. Excipients are becoming an important role in manufacturing tablets as they provide enhanced functionality to pharmaceuticals, aid in drug development, and improve patent life, at a lower cost.
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Global Pharmaceutical Excipient Market Segmentation
By Product
• Solubilizer & Surfactants/Emulsifier
• Polyols
• Carbohydrates
• Specialty Excipients
By Formulation Type
• Oral Formulation
• Topical Formulation
• Parenteral Formulation
• Other Formulations
Regional Analysis
• North America
• United States
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Rest of the World
Company Profiles
• ABITECCorp.
• Air Liquide S.A
• Archer Daniels Midland Co
• BASF SE
• ClariantAG
• Colorcon, Inc.
• Croda International Plc
• DFE Pharma
• Evonik Industries AG
• IMCDN.V.
• Innophos Holdings, Inc.
• Lubrizol Corp.
• Meggle AG
• Merck KGaA
• Pharmonix Biological Pvt. Ltd.
• Roquette Frères
• Sigachi Industries Pvt. Ltd.
• Signet Chemical Corp. Pvt. Ltd.
• Spectrum Chemical Manufacturing Corp.
• SPI Pharma
• WACKER Chemie AG
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