Global Pharmaceutical Excipients Market Research Report 2022-2027: Surge in the Generics Market, Increasing Uptake of Biopharmaceuticals, & Rising Adoption of Orphan Drugs

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Oct 28, 2022, 14:30 ET

DUBLIN, Oct. 28, 2022 /PRNewswire/ -- The "Pharmaceutical Excipients Market by Product (Organic Chemicals (Carbohydrates), Inorganic Chemicals (Calcium Phosphate)), Functionality (Fillers, Binders, Lubricants, Preservatives), Formulation (Tablets, Capsules, Parenteral) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The pharmaceutical excipients market is projected to reach USD 11.5 Billion by 2027 from USD 8.6 Billion in 2022, at a CAGR of 5.9% during the forecast period.

The growth can be attributed to the expanding pharmaceutical industry which has fueled the drug production thereby increasing consumption rate for excipients. Additionally, factors like functional excipients development and upsurge in generics market is also likely to propel market growth.

The fillers & diluents functionality accounted for the largest share of the market in 2021

The fillers and diluents market is expected to grow due to the rising use of fillers and diluents in developing and producing solid oral drugs. From the manufacturer's perspective, fillers and diluents offer stability and ease in preparation, packaging, shipping, and dispensing; for patients, they improve the taste of the formulation and provide ease of administration and handling (of the drug).

The oral formulations accounted for the major share of the pharmaceutical excipients market in 2021

The rapidly growing biopharmaceutical industry and increased generics production are the key growth drivers for this segment growth. Furthermore, the oral route of administration is the most common and traditional route for drug delivery. This has also boosted the segment market growth.

Asia Pacific: The fastest-growing region in the pharmaceutical excipients market

The Asia Pacific market is expected to register the highest CAGR during the forecast period. Some of the major factors contributing to the growth of the Asia Pacific market are low-cost manufacturing advantage, increasing per capita income, and low regulatory stringency that support the growth of the pharmaceutical excipients market in the region.

Premium Insights

Growing Pharmaceuticals Industry, Coupled with Advancements in Functional Excipients, are Key Factors Driving Market Growth
Oral Formulations Accounted for the Largest Share of the Asia-Pacific Market in 2021
Organic Chemicals Segment Will Continue to Dominate the Market in 2027
Oral Formulations Segment to Account for the Largest Market Share in 2022
Asia-Pacific Countries to Show the Highest Growth During the Forecast Period

Market Dynamics

Drivers

Growth of the Pharmaceuticals Market Backed by Functional Excipients
Surge in the Generics Market
Increasing Uptake of Biopharmaceuticals
Rising Adoption of Orphan Drugs

Restraints

Cost and Time-Intensive Drug Development Process
Increasing Regulatory Stringency

Opportunities

Multifunctional Excipients
Shifting Focus of Pharmaceutical Manufacturing to Emerging Countries
Growth in the Biosimilars Market

Challenges

Safety and Quality Concerns
Changing Trade Policies

Industry Trends

Rising Demand for Co-Processed Excipients
Marketed Co-Processed Excipients
Improving Excipient Capabilities Using Nanotechnology
Increasing Use of Direct Compression in Oral Dosage Formulations
Pharmaceutical Excipients Influencing the Cost of Production

Trends/Disruptions Impacting Customer's Business

Revenue Shift and New Pockets for Pharmaceutical Excipients Providers

Trade Data

Sucrose
Prepared Binders for Molds/Cores, Chemical Products, and Preparation for Chemical Industries
Mannitol (Acyclic Alcohols & Their Derivatives)
Cellulose

Company Profiles

Key Players