The report is titled as ‘Biologic Excipients Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the biologic excipients market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The biologic excipients market is expected to grow at a significant rate in the near future.
Biologic Excipients The global biologic excipients market in 2020 is estimated for more than US$ 1,245.3 Mn and expected to reach at a value of US$ 1,630.6 Mn by 2028 with a significant CAGR of 3.4%.
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Market Dynamics
Increase in focus of market players on the bio-generic market, cost-effectiveness factor along with intense competition among the manufacturers, issues linked with the patents like the expiry of biological actives, and the mounting adoption of multi-purpose nature and functionality excipients are the prime factors supporting the market growth globally. Besides, the on-going research studies with the technological advancements to enhance the capability of the end product of bioavailability using excipients coupled with the growing demand for generic medicines from developing countries propelling the production of local drugs and the uptake of biologics resulting in driving demand for parenteral formulation are also expected to boost the biologic excipients market during the forecast period. Rising acquisition of contract research organizations, penetrating demand for the oral solid-liquid formulation, emerging adoption of technologies for advanced drug delivery systems, and the ability of biologic excipients to enhance solubility and bioavailability are other concerning factors fuelling the market growth.
Growing demand for generic drugs also positively impacts the market growth. For instance, the majority of the Indian population depends on generic drugs as they are available at low prices and have resulted in maximum efficacy in treating chronic diseases, thereby, boosting the demand for biologic excipients. However, the factors like the dearth of proper data documentation on GRAS, regulatory audits hampering the supply capacity, and the regulatory hurdles deterring the innovation of novel excipient restricts the market growth. On the contrary, the unstable focus of pharmaceutical manufacturing in emerging regions, like the Asia Pacific and the Middle East serves to offer lucrative growth opportunities for the market.
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Biologic Excipients Market Segmentation
The biologic excipients market is segmented on the basis of excipient type, end-user, and by region.
By Excipient Type:
- Polymers
- Sugar Alcohols
- Polysorbates
- Inorganic Salts
- Amino Acids
- Surfactants
- Others
By End-user:
- Biopharmaceutical Manufacturers
- Contract Research Organizations/Contract Manufacturing Organizations
- Research Organizations
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Biologic Excipients Market Overview
The global biologics excipients market is driven by assisting the controlled or sustained release of delivery performance, the introduction of inventive technologies focusing on the targeted pediatric along with the geriatric patient pool, increasing implementation of increased patient-centricity approaches by drug manufacturers, and the mounting demand for extended-release or sustained-release formulations. However, the stability testing of excipients imposing the cost liabilities on market key manufacturers is likely to limit the growth of the biologic excipients market.
Moreover, factors like the growing biosimilars market and the extensive application of active ingredients in the manufacturing of pharmaceutical products are the major trends resulting in market growth.
Biologic Excipients Market Key Players
Key players operating in the global biologic excipients market include:
- Ashland Inc.
- BASF Corporation
- Colorcon Inc.
- Evonik Industries
- FMC Corporation
- Roquette Frères
- Signet Chemical Corporation Pvt. Ltd.
- The Archer Daniels Midland Company
- The Dow Chemical Company
- Wacker Chemie AG.
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