Pharmaceutical Excipients Market Trends and Player Strategies
Pharmaceutical Excipients Global Market Report 2023 By The Business Research Company Describes And Explains The Pharmaceutical Excipients Market And Covers 2017-2022, Termed The Historic Period, And 2022-2027 Termed The Forecast Period, Along With Further Forecasts For The Period 2027-2032. The Report Cover Market Sizing Information, Market Trends, Strategies, And Opportunities For The Seven Regions And Major Players Of The Market
LONDON, March 13, 2023 /PRNewswire/ -- According to The Business Research Company's Pharmaceutical Excipients Global Market Report 2023, the global pharmaceutical excipients market size will grow from $8.6 billion in 2022 to $9.1 billion in 2023 at a compound annual growth rate (CAGR) of more than 5%. The pharmaceutical excipients market value is further expected to grow to $11.5 billion in 2027 at a CAGR of more than 6%. The global pharmaceutical excipients market is supported by the surge in the sale of generic drugs and an increasing development of novel drugs.
Take A Look At A Sample Of The Pharmaceutical Excipients Market Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=3415&type=smp
The pharmaceutical excipients market is fairly fragmented, with a large number of players. BASF SE was the largest competitor with 8.2% share of the pharmaceutical excipients market, followed by Ashland Global Holdings, Evonik Industries AG, International Flavors & Fragrances, Inc., Roquette Frères, Archer Daniels Midland Company, Lubrizol Corporation, Croda International Plc, Kerry Group, and DuPont de Nemours, Inc.
In December 2022, BASF Pharma Solutions, a UK based pharmaceutical company, announced that the US Food and Drug Administration (FDA) Center for Drug Evaluation and Research (CDER), Office of New Drugs, has accepted its excipient, Soluplus®, into the FDA's Pilot Program for the Review of Innovation and Modernization of Excipients (PRIME). The program seeks to reduce the risk and burden for pharmaceutical companies wishing to utilize novel excipients for modern drug development challenges as well as to provide a pathway for excipient manufacturers like BASF to obtain FDA review of their novel excipients prior to use in an FDA-approved drug.
Another example of pharmaceutical excipients market companies attempting to strengthen their business capabilities through receiving regulatory approvals can be seen in the strategy of Ashland Global Holdings Inc. In October 2022, Ashland announced that the U.S. Food and Drug Administration (FDA) Center for Drug Evaluation and Research Office of New Drugs accepted Viatel, the company's bioresorbable mPEG-PDLLA pharmaceutical excipient for the review cycle of the FDA Novel Excipient Review Pilot Program. Through this program, Ashland aims at providing transformative and life-changing benefits for the consumers.
Read More About The Pharmaceutical Excipients Market Here:
https://www.thebusinessresearchcompany.com/report/pharmaceutical-excipient-global-market-report
The global pharmaceutical excipients market is segmented -
- By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavouring Agents And Sweeteners, Disintegrants, Colorants, Lubricants And Glidants, Other Functionalities
- By Type Of Formulation: Oral Formulation, Topical Formulation, Parental Formulation
- By Product: Inorganic Chemicals, Organic Chemicals
The pharmaceutical excipients market report is one of a series of new reports from The Business Research Company that provides pharmaceutical excipients market statistics, including pharmaceutical excipients market size, regional shares, competitors, detailed pharmaceutical excipients market segments, market trends and opportunities. This pharmaceutical excipients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
View Similar Reports
Interested to know more about The Business Research Company?
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
The World's Most Comprehensive Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.
Contact Information
The Business Research Company
Europe: +44 207 1930 708Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg
SOURCE The Business Research Company
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article