Fitness Trends Global Pharmaceutical Excipients Market

Pharmaceutical Excipients Market - Trends,
Analysis and Forecast till 2024, GE Healthcare
Pharmaceutical excipients are crucial contents of a formulation that enable effective drug
absorption. Excipients must suit the intended dosage form and comply with regulatory
requirements i.e. pharmacopeial standards to ensure finished product quality. Moreover, their
compatibility is crucial in dosage forms that involves taste masking, coating, controlled and
sustained release, and oil base (emulsifiers). The International Pharmaceutical Excipient Councils
(IPE) governs the global pharmaceutical excipient manufacturing by providing harmonized
excipient guidelines to manufacturers.
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Excipients used in drug manufacturing serve as binders, diluents, glidents, or disintegrants.
Thus, multifunctional excipients can lower the drug development and manufacturing cost of the
product. Generics market has witnessed robust growth in recent times, owing to patent expiries,
in turn acting as a major factor driving demand for pharmaceutical excipients. Moreover,
meeting growing demand for pharmaceutical products and large patient population base would
propel growth of pharmaceutical excipients market. However, stringent regulations, especially
inspection of manufacturing sites by the regulatory authorities such as the FDA, MHRA and
TGA has impacted the supply of pharmaceutical excipients globally.
China and India are the major suppliers of pharmaceutical excipients outside the U.S. and
European markets. China is the largest supplier of low cost API and excipients. Demand for
high-quality and functional excipients is high in developed markets, while emerging economies
tend to prefer low cost alternatives.
The global pharmaceutical excipients market was valued at US$ 5,394.2 million in 2015 and is
expected to witness a robust CAGR of 6.9% during the forecast period (2016 – 2024).
Market Dynamics