The US pharmaceutical excipient market is estimated to grow at a CAGR of 7.9% during the forecast period. The presence of a well-established pharmaceutical industry in the country considerably contributes to the growth of the market. A rise in the generic drugs industry has been observed significantly. The generic drug manufacturers are dedicated to increasing the Abbreviated New Drug Application (ANDA) filings. They are adopting the business model that relies on highly outsourcing and supports for optimizing efficiencies. Moreover, the recent COVID-19 outbreak in the country 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.
The US 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.
For instance, In December 2019, Colorcon Inc. announced the new development of On-Dose Authentication capability for tracking and tracing functionality for supply chain security. The Opadry fully formulated film coating system decreases the risk of counterfeit drugs in the supply chain. In the same month, the company completed the expansion and renovation of the North American production facility in Pennsylvania. Due to expansion, the supply chain robustness of solid oral dosage products increases in North America and Latin America.
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US Pharmaceutical Excipient Market- Segmentation
By Products
- Solubilizers & Surfactants/Emulsifiers
- Polyols
- Carbohydrates
- Specialty Excipients
By Formulations
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
- Other Formulations
A full Report of US Pharmaceutical Excipient Market is Available at: https://www.omrglobal.com/industry-reports/us-pharmaceutical-excipient-market
Company Profiles
- ABITEC Corp.
- Overview
- ABITEC Corp. in Pharmaceutical Excipient Landscape
- Recent Developments
- Archer Daniels Midland Co
- BASF SE
- Colorcon, Inc.
- Innophos Holdings, Inc.
- Lubrizol Corp.
- Merck KGaA
- Spectrum Chemical Manufacturing Corp.
- SPI Pharma Inc.
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