LONDON--(BUSINESS WIRE)--The global polymer based solubility enhancement excipients market for OSDF is expected to post a CAGR of more than 15% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
The global geriatric population has been increasing significantly every year. This has increased the prevalence of various diseases such as atherosclerosis, cardiovascular diseases, cancer, arthritis, and others. Hence, the demand for medicinal drugs has increased considerably. This is encouraging pharmaceutical companies to focus on the development of effective medicinal drugs that alleviate the effects of such diseases in the geriatric population. These factors are increasing the consumption of polymer based solubility enhancement excipients in the pharmaceutical industry. Therefore, the rising aging population is expected to support the growth of the global polymer-based solubility enhancement excipients market during the forecast period.
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As per Technavio, the rising demand for natural polymers as pharmaceutical excipients will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Global Polymer Based Solubility Enhancement Excipients Market for OSDF: Rising Demand for Natural Polymers as Pharmaceutical Excipients
Natural polymers such as sodium alginate, gelatine, chitosan, and cellulose derivatives are used as polymer-based excipients to manufacture drugs. They act as disintegrates, binders, film formers, matrix formers, release modifiers, thickeners, viscosity enhancers, stabilizers, emulsifiers, suspending agents, and mucoadhesive. Natural polymers increase substance bioavailability and stability during formulation and control the release of microorganisms into drugs. Many such benefits offered by natural polymers are increasing their use as pharmaceutical excipients, which is expected to boost market growth.
“The high growth potential of APAC is attracting market vendors to expand their business in the region. In addition, the increasing demand for nanotechnology in the medical industry will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Polymer Based Solubility Enhancement Excipients Market for OSDF: Segmentation Analysis
This market report segments the global polymer based solubility enhancement excipients market for OSDF by technology (solid dispersion technology and particle size reduction technology), type (copovidone, HPMC, polymethacrylates, HPMCAS, PVP, polyvinyl caprolactam-polyvinyl acetate-polyethylene glycol copolymer, HPC, and other types), and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2019, followed by Europe, North America, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rising demand for pharmaceutical drugs from the geriatric population. However, the North American region is expected to witness the maximum incremental growth due to rising health concerns and the increasing geriatric population in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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