In the latest global market intelligence report, it is anticipated that the revenue generated from sustained release excipients will cross the million-dollar mark by the end of this year, with nearly one-third of the market share attributed to North America.
The ongoing expiration of international patents and the rising incidence of orthopedic disorders are driving significant growth in the manufacturing of drug formulations and, consequently, sustained-release excipients. This is reflected in a remarkable manufacturing outlook, characterized by a steady Compound Annual Growth Rate (CAGR) of 6.8%
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Companies like BASF Corporation, Ashland Global Holdings Inc., and The Dow Chemical Company generate more than 42.8% of the market’s revenue for sustained release excipients globally. The businesses involved in this industry are collaborating with local distributors to increase the penetration of their products in the sustained release excipients market.
Research identifies the largest revenue shareholding categories in sustained release excipients marketplace on the basis of product type, end user, and route of administration.
- Polymer is currently the largest product type category worth US$ 300 Million, whereas gelatin represents the most opportunistic one.
- While oral route of administration remains highly sought after, injectable is presumed to gradually take over.
- Biopharmaceutical companies and CMOs pose fierce competition to pharmaceutical companies – the dominant end user of sustained release excipients.
The top five players leading the competition in global sustained release excipients landscape account for a collective revenue share of over 50%, whereas a number of relatively small companies represent the rest. A majority of competitors have a limited offering portfolio and significantly depend on product differentiation for an edge in niche treatment areas,” explains a senior research analyst. “Product innovation and market expansion have been the top developmental strategies of companies so far, which are now complemented with strategic partnerships,” the analyst adds further.
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Multi-level Partnerships – The Key to Delivering Top Notch Excipient Formulations
FMI underlines the critical role of strategic collaborations – between formulators of sustained release excipients and stakeholders across the value chain – in shaping growth of brands as well as the entire sustained release excipients ecosystem.
While partnerships are expected to prominently focus on spotting the key challenges facing manufacturers, continued education about functionality, variability, and consistency of sustained release excipients is also be an important objective. Drug product manufacturers working in tandem with formulators of sustained release excipients is helping companies deliver best-in-class solutions addressing the most prominent pull factors associated with sustained release excipients.
To best grasp real-time market needs, sustained release excipient formulators are most likely to strengthen interaction with end-use customers. This move offers a dual advantage as a developmental strategy – by helping manufacturers precisely understand and address the challenges facing pharmaceutical markets and stimulating development of new excipient formulations that tap into evolving needs.
A recent deal (2017) involving the combination of The Dow Chemical Company-DuPont-FMC (Health & Nutrition) has been a classic example of collaborative operation, involving channel partners as well as customers.
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Additional Questions Answered
Some of the additional questions addressed in this report on sustained release excipients market-
- What is the revenue potential of the sustained release excipients market across regions of North America and Europe?
- Who are the key competitors and what are their portfolios in sustained release excipients market?
- What are major challenges influencing the growth of sustained release excipients market?
- How intervention from regulatory authority is shaping the sustained release excipients market growth?
Competitive Landscape:
Competition section of the sustained release excipients market features profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Examples of some of the key players featured in this report include FMC Corporation, Ashland Global Holdings, BASF Corporation, The Dow Chemical Company, Roquette Freres S.A. Colorcon Inc., Croda International Inc.
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Segmentation:
The report offers a comprehensive taxonomy of sustained release excipients market based on product type, end user, route of administration route, and region. The sustained release excipients are sold for various types of test samples, such as blood, skin, etc. These sustained release excipients are used by pharmaceutical companies, biopharmaceutical companies, neutraceutical companies, and for various type of sustained release excipients, such as food allergies, drug allergies, latex allergies and other types of allergies.
End-use segments in the sustained release excipients market which are a part of this sustained release excipients market report include pharmaceutical companies, biopharmaceutical companies and other end users, such as nutraceutical manufacturers and contract manufacturing organisations. The sustained release excipients market has been analyzed across regions of North America, Latin America, Europe, CIS & Russia, Asia Pacific and MEA.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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