The North American pharmaceutical excipient market is estimated to grow at a CAGR of 7.9% during the forecast period. The market growth is attributed to the presence of well-established pharmaceutical and biopharmaceutical industries in the region. In addition, many drugs are on the verge of losing their patents, which in turn, encourages the pharma companies to use functionality excipients for extending patents. This further gives a boost to the regional growth of the market. Moreover, excipients provide enhanced functionality to pharmaceuticals and hence are playing an important role in manufacturing tablets.
The North American pharmaceutical excipient market is segmented on the basis of product and formulations. Based on the product, the market is segmented into solubilizers & surfactants/emulsifiers, polyols, carbohydrates, and specialty excipients. Solubilizers & Surfactants/Emulsifiers covered in the report include triglycerides, esters, and others. in addition, polyols include mannitol, sorbitol, and others. Carbohydrates including sucrose, dextrose, starch, and others are estimated to hold a prominent share in the market. Based on formulations, the market is segmented into oral formulations, topical formulations, parenteral formulations, and other formulations. Oral formulations held a remarkable share in the market.
Geographically, the North American pharmaceutical excipients market covers the country-level analysis of the US and Canada. The US dominates the market in 2018 and is estimated to continue this trend over the forecast period. Moreover, the recent COVID-19 outbreak in the region and across the globe has increased the demand for drugs for the prevention and treatment of the virus. This, in turn, has significantly increased the demand for pharmaceutical excipient and hence drives the market growth.
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North American Pharmaceutical Excipient Market- Segmentation
By Products
- Solubilizers & Surfactants/Emulsifiers
- Polyols
- Carbohydrates
- Specialty Excipients
By Formulations
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
- Other Formulations
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North American Pharmaceutical Excipient Market– Segment by Region
- US
- Canada
Company Profiles
- ABITEC Corp.
- Overview
- ABITEC Corp. in North America
- ABITEC Corp. in Pharmaceutical Excipient Landscape
- Recent Developments
- Archer Daniels Midland Co
- BASF SE
- Colorcon, Inc.
- Innophos Holdings, Inc.
- Lubrizol Corp.
- Merck KGaA
- Sigachi Industries Pvt. Ltd.
- Spectrum Chemical Manufacturing Corp.
- SPI Pharma Inc.
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