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Global Biopharmaceutical Excipients Market Size Study by Product, Function, Application and Regional Forecasts 2024-2032

Global Biopharmaceutical Excipients Market Size Study by Product, Function, Application...

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Global Biopharmaceutical Excipients Market Size Study by Product, Function, Application and Regional Forecasts 2024-2032
Global Biopharmaceutical Excipients Market Size...
Report Code
RO1/103/2878

Publish Date
22/Aug/2024

Pages
200
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Global Biopharmaceutical Excipients Market is valued at approximately USD 2.29 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 10.75% over the forecast period 2024-2032. Biopharmaceutical excipients are vital non-active substances incorporated into biopharmaceutical formulations to enhance production, stability, usability, and delivery of drugs. They serve various roles such as binders, fillers, diluents, disintegrants, and stabilizers, which are indispensable in drug formulation processes. The market growth is primarily driven by the increasing demand for advanced and functional drug formulations and the rising need for large-molecule development. Investments in drug development are soaring, further boosting the utilization of biopharmaceutical excipients. However, the compatibility issues of biopharmaceutical formulations with active pharmaceutical ingredients pose significant challenges. Additionally, the continuous development of biologics and biosimilars necessitates the integration of compatible excipients. Technological advancements in extended-release formulations and the exploration of alternative routes of administration present significant market expansion potential.

Moreover, carbohydrates are prominent excipients used in pharmaceutical formulations due to their roles in enhancing formulation stability and patient compliance. Various carbohydrates, such as dextrose, starch, and sucrose, offer critical functionalities including bulking agents, fillers, and stabilizers, thereby improving the shelf life and efficacy of biopharmaceuticals. Polyols like mannitol and sorbitol also play essential roles in biopharmaceutical formulations by controlling moisture and improving solubility of active ingredients.

The increasing utilization of preservatives in biologic formulations for improved stability is notable. Binders, coatings, disintegrants, lubricants, glidants, and fillers are essential for ensuring the structural integrity, release mechanisms, and dosage accuracy of pharmaceuticals. Advanced delivery systems are another significant application area, where excipients facilitate the controlled release, targeting, and absorption of biologically active molecules.

The key regions considered for the global Biopharmaceutical Excipients Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Biopharmaceutical Excipients Market in terms of revenue. The market growth in the region is being attributed to factors including robust pharmaceutical industry, significant investment in R&D, and a steady number of FDA approvals. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rapid growth driven by healthcare initiatives, expanding hospital networks, and the region's growing reputation as a pharmaceutical and biomedical research hub.

Major market players included in this report are:
BASF SE
Ashland Global Holdings Inc.
Roquette Freres S.A.
Colorcon, Inc.
Croda International PLC
The Dow Chemical Company
Merck KGaA
Evonik Industries AG
SPI Pharma, Inc.
IMCD N.V.
The detailed segments and sub-segments of the market are explained below:
By Product:
Carbohydrates
Polyols
Solubilizers & Surfactants/Emulsifiers
Specialty Excipients
By Function:
Binders
Coatings
Disintegrants
Lubricants & Glidants
Pharmaceutical Fillers
Preservatives
By Application:
Advanced Delivery Systems
Oral
Parenteral
Topical
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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