An Appreciable CAGR Of 6.9% Expected To Be Witnessed By Pharmaceutical Excipients Market From 2021

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Pharmaceutical Excipients Market
Report Id PMRREP4421 Category Life Science
Healthcare
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An Appreciable CAGR Of 6.9 Expected To Be
Witnessed By Pharmaceutical Excipients Market
From 2021

• Microcrystalline cellulose (MCC) is one of the
  most widely used excipients in Europe and Asia
  Pacific. The prime reasons contributing to MCCs
  popularity is its multi-functionality as a
  diluent used in direct compression and also that
  it is an anti-caking agent and an emulsifier.
  Furthermore, it fulfils all USP standards, which
  further drives its demand.
• In addition, manufacture of oral liquid
  formulations is gaining popularity as a
  patient-centric drug delivery format, despite
  having shortcomings such as shorter shelf life
  and need for airtight packaging. In this context,
  oral liquid formulation administration is
  preferred for geriatric and paediatric patients
  and people suffering from chronic diseases such
  as cancer with reduced swallowing capacity.
• Oral liquid formulations provide dosing
  flexibility, which is particularly suited to oral
  drugs that are dosed by patient weight or body
  surface area. However, excipients solubility and
  stability data is extremely important during
  excipient selection for oral liquid formulations.
• The global pharmaceutical excipients market was
  valued at US 5,682.7 Mn in 2017 and is
  anticipated to reach a valuation of US 7,415.2
  Mn in 2021 end, displaying a CAGR of 6.9 during
  the period of assessment 2017-2021.

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Global Pharmaceutical Excipients Market
Segmentation and Forecast

• Global pharmaceutical excipients market is
  segmented on the basis of chemistry type,
  application type, functionality and by region.
• Plant-based chemistry type segment has been
  estimated to witness an increase in market value
  from US 1,650.4 Mn in 2017 to US 2,166.8 Mn by
  2021.
• Oral applications segment is expected to witness
  a significant gain in market share during the
  forecast period, 2017-2021. Parenteral dosage
  forms are expected to witness lower uptake due to
  dearth of high purity certified excipients.
• Binders functionality segment is expected to
  witness increase in market value from US 2,494.2
  Mn in 2017 to US 3,523.8 Mn by 2021, registering
  a robust CAGR during the period of assessment.
• North America market is expected to remain
  dominant in terms of production and sales of
  excipients, accounting for 36.5 of the total
  pharmaceuticals excipients market value by the
  end of 2021.

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