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 in losing 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.
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