Asia-Pacific Excipients Market Size, Share, Trends, Development Strategies and Segmentation Analysis
Data Bridge Market research has a newly released expansive study titled “Asia-Pacific Excipients Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases surviving and success in the market.
Asia-Pacific excipients market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2021 to 2028 and is expected to reach USD 1,725.27 million by 2028 from USD 1,024.70 million in 2020. Increasing demand for alternative routes of delivery/dosage forms and increasing need for pharmaceutical products across varied therapeutic areas are the major drivers which propelled the demand of the market in the forecast period.
Pharmaceutical excipients involve everything in a drug except that of the active pharmaceutical ingredients. These molecules don’t possess any medicinal property and are ultimately used for enhancing the physiological absorption of the drug. Excipients are inert in nature and it allows the drug molecule to apply to patients in the right form. Traditionally the excipients were simple molecules but the innovation in technology and increasing demand for novel drug delivery systems enhanced the excipients complexity as well. Excipients promote the patient’s drug acceptability and boost up the drug stability and its bioavailability. Moreover, excipients help in the maintenance of drug integrity that helps in drug storage.
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Asia-Pacific Excipients Market Scope and Market Size
Asia-Pacific excipients market is categorized into ten notable segments which are based on origin, category, products, chemistry type, chemical synthesis, functionality, dosage forms, route of administration, end user and distribution channel.
On the basis of origin, excipients market is segmented into organic and inorganic. In 2021, organic origin holds the highest market share due non-toxic characteristic of organic chemicals used as excipients. Organic excipients are freely available and less expensive and used in majority of pharmaceutical formulations. The demand for environment friendly excipients is also impacting the segment positively.
On the basis of category, excipients market is segmented into primary excipients and secondary excipients. In 2021, primary excipients are dominating the market as the segment includes fillers, adhesives, lubricants and other crucial excipients. Â
On the basis of products, excipients market is segmented into polymers, sugars, alcohols, minerals, gelatin and others. In 2021, polymers are dominating the market because polymers are used as gelatin shells in the manufacturing of capsules. These are used to offering great formulation advantages including slow /controlled release of the drug. These are also used for targeting of drugs to the site of action.
On the basis of chemistry type, excipients market is segmented into plant, animals, synthetic and minerals. In 2021, plant segment is dominating the market due to less expensive, non-toxic nature.
On the basis of chemical synthesis, excipients market is segmented into lactose monohydrate, sucralose, polysorbate, benzyl alcohol, cetosteary aclohol, soy lecithin, pregelatinized starch and others. In 2021, lactose monohydrate is dominating the market due to its multiple properties. Lactose monohydrate is used as sweetener, stabilizer and filler in the pharmaceutical industries. Fillers like lactose monohydrate bind to the active drug in a medication so that it can formed into a pill or tablet that can be easily swallowed.
On the basis of functionality, excipients market is segmented into binders and adhesives, disintegrants, coating material, disintegrants, solubilizers, flavors, sweetening agents, diluents, lubricants, buffers, emulsifying agents, preservatives, antioxidants, sorbents, solvents, emollients, glidients, chelating agents, antifoaming agents, others. In 2021, binders and adhesives is dominating the market due to its properties. Binder excipients are formulated to act as an adhesive to literally bind together powders, granules and dry ingredients. They can also give volume to low active dose tablets. Commonly used in wet granulation, binders are added to create a more effective and predictable granule formulation.
On the basis of dosage forms, excipients market is segmented into solid, semi-solid and liquid. In 2021, solid segment is dominating the market due to most of excipients are used in manufacturing of solid dosage form. API are used in manufacturing of solid dosage form is in low quantity. So, excipients are used for improving the stability and increasing the volume of dosage form.
On the basis of route of administration, excipients market is segmented into oral excipients, topical excipients, parenteral excipients, other excipients. In 2021, oral segment dominates in the excipients market as a majority of drugs including the first line therapy are available in the oral form with highest effectiveness having strong onset of action.
On the basis of end user, excipients market is segmented into pharmaceutical and biopharmaceutical companies, contract formulators, research organization and academics, others. In 2021, pharmaceutical and biopharmaceutical companies hold the due to most of excipients are used in Pharmaceutical and Biopharmaceutical companies because these companies are responsible for the production of medicines in all dosage forms such as solid, semi-solid and liquid. Excipients are used in manufacturing of these dosage form of medicines.
On the basis of distribution channel, excipients market is segmented into direct tender, retail sales, others. In 2021, direct tender are dominating in the market as the primary source of distribution of excipients. The end users of excipients are pharmaceutical and biopharmaceutical companies. They use the excipients in bulk quantity for the manufacturing of medicines. So, there companies did direct tender with the excipients companies for further manufacturing.
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Core Objective of the This Market:
This Market Size and growth rate factors.
Important changes in the future this Market.
Top worldwide competitors of the Market.
Scope and product outlook of This Market.
Developing regions with potential growth in the future.
Tough Challenges and risk faced in Market.
Global top manufacturers profile and sales statistics.
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