The global wound care biologics market size was USD 1,026.2 Million in 2022 and is expected to register a CAGR of 4.5% during the forecast period.
Increasing use of co-processed excipients to enhance the dissolution, bioavailability, and solubility of recently developed active pharmaceutical ingredients (APIs), rapid increase in the global generics market owing to the patent expiration of the many blockbuster drugs, and increasing development of orally disintegrating tablets (ODTs) are expected to propel the expansion of this market. However, stringent regulatory requirements resulting in a shortage of FDA-approved manufacturing sites can hinder their market growth to a particular extent.
The excipient may be a pharmacologically inactive element formulated along with the active ingredient of medications. This phenomenon is undertaken with a purpose to supply substance to the formulation, to supply prevention and stability from denaturation, facilitate absorption of medicine by a patient, and other pharmacokinetic considerations. These products range from pure sugar to polymer to complex carbohydrates. These excipients are the most common sort of excipient utilized in oral medication. It is especially considered for medicines directed to children. It is widely utilized in sucrose, sorbitol, glycerol, and saccharin sodium, majorly in antibiotics and cough syrups for youngsters. Using sugar-based excipients can help reduce the bitterness of active agents. Among all sugar-based excipient, mannitol is that the expensive diluent sort of excipient wont to refresh sensation by using it in chewable tablets.
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The key factors that drive the growth of the market include increased utilization of co-processed excipient, the rapid expansion of the generics market, and rising improvement of ODT. The practice of mannitol within the sort of a good range of dosage is making sugar alcohol segment highest growing among other sugar-based excipients. High adaptability of alcohol-based sugar excipient in emerging formulation technology like orally disintegrating tablets et is one more reason for the sugar alcohol segment to experience strong growth in upcoming years. As per the kinds of sugar-based excipients, the granular segment held a large share by being widely utilized in the pharmaceutical industry.
Although the demand for these excipients is widespread, some factors like shortage of FDA-approved manufacturing sites due to rigorous regulatory requirements hinder market growth to a particular extent. The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry.
Type Outlook:
On the basis of type, the market is segmented into actual sugars, sugar alcohols, and artificial sweeteners. The actual sugars accounted for the largest share of the market in 2019, owing to its high utilization in oral formulations and pediatric formulations due to its non-toxicity and negligible reaction with drugs.
Application Outlook:
Based on the application, the market is segmented into powders or granules, direct compression sugars, crystals, and syrups. These excipients have witnessed broad recognition as ingredients in pharmaceutical tableting. They can be used to conceal the bitter taste of active agents, thereby making it more palatable. As direct compression has become popular in tablet manufacture, the demand has increased for compressible sugar-based excipients.
Regional Outlook:
Geographically, the sugar-based excipients market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2019, Europe held a major revenue share of the global market. Europe’s dominant share is chiefly attributed to the increasing production of generic drugs, the increasing investments in drug development, and favorable government initiatives in the region.
North America held the second-largest share in the market. Factors such as the presence of a large number of large-scale pharmaceutical companies and increasing demand for generic drugs are majorly contributing to the growth of the market in this region. Asia Pacific is expected to deliver the fastest CAGR in the forecast duration. Growth in the Asia-Pacific region can be credited to the significant expansion in the healthcare sector as well as the advancing pharmaceutical industry, growing scientific base and capability, and favorable government policies, and low-cost manufacturing advantages in this region.
Market-o-Nomics:
- The global sugar-based excipients market is estimated to reach a valuation of USD 1,542.5 Million by 2030, growing at a rate of CAGR of 4.5% from USD 1,026.2 Million in 2022.
- The excipient may be a pharmacologically inactive element formulated along with the active ingredient of medications
- Increasing use of co-processed excipients to enhance the dissolution, bioavailability, and solubility of recently developed active pharmaceutical ingredients (APIs), rapid increase in the global generics market owing to the patent expiration of the many blockbuster drugs, and increasing development of orally disintegrating tablets (ODTs) are expected to propel the expansion of this market.
- Among all quite sugar-based excipient, mannitol is that the expensive diluent sort of excipient wont to refresh sensation by using it in chewable tablets.
- As per the kinds of sugar-based excipients, the granular segment held a sizable share as it is widely utilized in the pharmaceutical industry.
- On the basis of type, the market is segmented into actual sugars, sugar alcohols, and artificial sweeteners.
- Based on the application, the market is segmented into powders or granules, direct compression sugars, crystals, and syrups.
- Geographically, the sugar-based excipients market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2019, Europe held a major revenue share of the global market. Europe’s dominant share is chiefly attributed to the increasing production of generic drugs, the increasing investments in drug development, and favorable government initiatives in the region.
- The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry.
Competitive Landscape:
The Sugar-Based Excipients market is relatively consolidated and is led by some major players. Some of the companies currently dominating the market are DFE Pharma, Archer Daniels Midland Company, Ashland Inc., Roquette Group, The Lubrizol Corporation, Associated British Foods PLC, Cargill, Inc., Colorcon Inc., FMC Corporation, and Meggle AG.
Segments Covered in the report
The report studies the global market by examining the demand, share, size, supply, price, trends, growth, and industry growth, to give a comprehensive overview of the global industry. This report shows revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2022 to 2030. For this study, Reports and Data has segmented the sugar-based excipients market based on type, application, and region.
Sugar-Based Excipients Market Report Scope
Segments covered By Type,Application, Regional Outlook
By Type
Actual Sugars
Sugar Alcohols
Artificial Sweeteners
By Application
Powders/Granules
Direct Compression Sugars
Crystals, Syrups
Regional scope
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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