15 April 2020
Visiongain has launched a new pharma report: Biopharmaceuticals Excipients Market 2020-2030: Triglycerides, Esters, Mannitol, Sorbitol, Sucrose, Dextrose, Starch, Specialty Biopharmaceutical Excipients & Others.
Pharmaceutical excipients (also known as bulking agent, filler, diluent) are substances formulated with the active ingredient of a drug. They are included in a pharmaceutical dosage form for a special purpose, such as to aid the manufacturing process and to support enhance stability of drugs. Excipients are also useful for product identification and for the enhancement of overall safety and functionality of the product during usage and storage.
The lead analyst of the report commented "Major factors fuelling growth in this market include overall growth in the biopharmaceutical industry and the increasing burden of chronic diseases which surges the demand for innovative and advanced drugs for treatment. The major challenge faced in this industry is the high cost of drug manufacturing, which is compounded by a strict regulatory environment. Government initiatives and increasing research in the development of innovative biopharmaceutical drugs are promising opportunities for market growth."
Leading companies featured in the report include ABITEC Corp, Signet Chemical Corporation, Roquette Freres SA, Sigachi Industries, MEGGLE AG & Other Companies.
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The market is expected to be driven by key factors such as rising cancer prevalence, government funding support in genetic research and technological advancements taking place in the biological research field. In addition, the market is predicted to gain huge traction in the developing countries.
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