Pharmaceutical Excipients Market by Recent Trends, Development along with Growth Forecast by 2023


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The global pharmaceutical excipients market is growing, due to the high growth of pharmaceutical industry, increasing demand of excipients in generics market due to the patent cliffs, emergence of new excipients,increasing prevalence of chronic diseases, and aging population.The highest growth of the pharmaceutical excipients market in the region is attributed to the large consumer base in the region, shifting interest of key players in pharmaceutical industries to the emerging economies of the region, and increasing consumption and production of generics in the region.
 
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The increasing focus of drug manufacturers in the emerging economies of Asia-Pacific and Latin America, such as India, China and Brazil, and the development of multi-functionality excipients are creating ample revenue generation opportunities for the major pharmaceutical excipients manufacturers.

The key trend witnessed in the global market is the advances in nanotechnology providing new functions to pharmaceutical excipients. However, the stringent regulatory requirements especially in European Union and North America, and the quality concern related to excipients are expected to hinder the growth of the global market to some extent.

Pharmaceutical Excipients

Geographically, North America held the largest share in the global market in 2015, owing to the high healthcare expenditure, presence of a large number of manufacturers, increasing prevalence of chronic diseases and technological advances in pharmaceutical industries. The U.S. dominated the North American market in 2015, and it is anticipated to retain its dominance during 2016 – 2022.

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Some of the key players operating in the global pharmaceutical excipients market include Archer Daniels Midland Company, Ashland, BASF SE, Associated British Foods plc, The Dow Chemical Company, Croda International Plc, FMC Corporation, Evonik Industries AG, The Lubrizol Corporation and ROQUETTE.

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