DUBLIN--(BUSINESS WIRE)--The "Latin America Pharmaceutical Desiccant Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.
The market for pharmaceutical desiccant in Latin America has been projected to flourish in terms of revenue with a 4.86% of CAGR during the forecast years from 2019-2027
Brazil, Mexico and countries in rest of Latin America together form the market for pharmaceutical desiccant in the Latin American region.
The pharmaceutical products must meet stringent quality control & performance criteria. Suppliers of desiccants have to meet the quality management system by pharmaceutical companies on a regular basis. The companies have to compulsorily maintain the environmental management standard, BS EN ISO 14001. The desiccant products have to show consistency in their manufacturing and technical performance before they are used in the pharmaceuticals products. Thus, stringent regulations significantly hamper the industry growth.
The price of the drugs is fixed by NPPA, under the Drug Price Control Order (DPCO) 2013, which is cost-based rather than market-based. The pricing of the drugs takes into account the average of all the drugs with the market share of 1% or more. The government contribution in the healthcare sector is only 1.2% of the GDP, which makes it difficult for the pharmaceutical company to cater to the population falling below the poverty line.
The pharmaceutical industry is expected to adopt market-based pricing rather than cost-based pricing, which would reduce overall costs, and is another challenge faced by the market.
Key Topics Covered:
1. Latin America Pharmaceutical Desiccant Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Porter's Five Forces Analysis
2.3. Vendor Scorecard
2.4. Supply Chain Analysis
2.5. Key Insight
2.6. Market Drivers
2.6.1. Increasing Geriatric Population
2.6.2. Government Initiatives Taken to Ensure Quality of Drugs
2.6.3. Continuous Growth in the Pharmaceutical Industry
2.7. Market Restraints
2.7.1. Variable Temperatures Hamper Pharmaceutical Products
2.7.2. Stringent Regulations
2.8. Market Opportunities
2.8.1. Establishment of Stronger Presence in Varying Consumer Preferences
2.9. Market Challenges
2.9.1. Growing Customer Expectancies
2.9.2. Pricing is Market-Based Rather Than Cost-Based
3. Pharmaceutical Desiccant Market Outlook - By Types
3.1. Silica Gel
3.2. Activated Alumina
3.3. Carbonclay Desiccant
3.4. Molecular Sieves
3.5. Other Types
4. Pharmaceutical Desiccant Market Outlook - By End-User
4.4. Nutraceutical Product Packaging
4.5. Diagnostic Kits
5. Pharmaceutical Desiccant Market - Regional Outlook
5.1. Latin America
5.1.1. Country Analysis
188.8.131.52. Rest of Latin America
6. Company Profiles
6.1. Capitol Scientific, Inc.
6.2. Clariant Latin America
6.3. Csp Technologies, Inc.
6.4. Desiccare, Inc.
6.5. E. I. Du Pont De Nemours And Company
6.6. Multisorb Technologies
6.7. Munters Ab
6.8. Oker-Chemie Gmbh
6.9. Proflute Ab
6.10. Rotor Source, Inc.
6.11. Sanner Gmbh
6.12. W. R. Grace & Co.
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