DUBLIN--(BUSINESS WIRE)--The "Pharmaceutical Excipients Market by Type (Organic chemical (Carbohydrate, Petrochemical), Inorganic chemical), Functionality (Filler, Coating, Disintegrant, Binder), Formulation (Tablet, Capsule, Topical, Parenteral) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The pharmaceutical excipients market is expected to reach USD 8.53 billion by 2023 from USD 6.40 billion in 2018, at a CAGR of 5.9%
The overall growth of the pharmaceutical excipients market is largely driven by the growing pharmaceutical market along with the advancements in functional excipients, growing generics market, rapidly growing biopharmaceuticals sector, emergence of multifunctional & co-processed excipients, shifting focus of pharmaceutical manufacturing to emerging markets, and the growing biosimilar industry. However, the increasing regulatory stringency, cost and time-intensive drug development process, and the quality concerns of excipient manufacturers represent a significant challenge to the market growth.
On the basis of functionality, the pharmaceutical excipients market is segmented into fillers & diluents, binders, suspending & viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifying agents, and other functionalities.
The lubricants & glidants segment is expected to grow at the highest CAGR during the forecast period. This is primarily attributed to the rising uptake of these excipients to reduce clumping of ingredients and friction between a tablet and the dye cavity along with increasing flowability.
- Growth of the Pharmaceuticals Market Backed By Functional Excipients
- Surge in the Generics Market
- Increasing Uptake of Biopharmaceuticals
- Cost and Time-Intensive Drug Development Process
- Increasing Regulatory Stringency
- Multifunctionality Excipients are Proving to Be Emerging Areas of New Product Development
- Shifting Focus of Pharmaceutical Manufacturing to Emerging Countries
- Growth in the Biosimilars Market
- Safety and Quality Concerns
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Pharmaceutical Excipients Market, By Product
8 Pharmaceutical Excipients Market, By Functionality
9 Pharmaceutical Excipients Market, By Type of Formulation
10 Pharmaceutical Excipients Market, By Region
11 Competitive Landscape
12 Company Profiles
- Archer Daniels Midland
- Associated British Foods
- Evonik Industries
- Innophos Holdings
- Wacker Chemie
For more information about this report visit https://www.researchandmarkets.com/research/45grk5/pharmaceutical?w=4