Asia Pacific Pharmaceutical Excipients Market

Asia Pacific Pharmaceutical Excipients Market Study Analysis

Asia Pacific Pharmaceutical Excipients Market was valued at USD XX Million in 2018 and is expected to reach USD XX Million by 2023, at a compound annual rate of XX% from 2018 to 2023

Pharmaceutical excipients are expected to grow substantially in the Asia Pacific during the forecast period. Excipients are the inactive ingredients in the formulation of the drug but they are highly essential to prevent contaminations. In pharmaceutical, the excipients play a major role to stabilize the drug for a long time and also reduce viscosity. They help to have safe chemical decomposition in the body. They increase the flowability in the bloodstream and enhance the functionality of the drug through active ingredients. The manufacturers are greatly focusing on implementing the formulation with the bio-based products including excipients.

In general, excipient acts as a binder or filler which is a natural or synthetic substance used along with the active ingredients in the manufacturing process of drugs. It greatly enhances the stability and also provides safety and also manages the functionality. They also add colors for the tablets, especially for children. The excipients change the taste of the capsules with added preservatives. They reduce viscosity and also improve nonsticky properties for the capsules also prevent denaturation over the shelf life as expected. In order to maintain standards to be safe and to obey pharmaceutical regulations, manufacturers take many precautions in formulating the drug. Almost every marketed drug contains excipients where the more excipients are observed in a final formation than the active ingredient.

Structure, property and application relationships used in prenatal medications are specially proposed by excipients. The route of administration will select the appropriate excipient which is suitable with the active ingredient. Excipient adds flavor to the drug which changes the unpleasant taste of the medication. The manufacturers may use mint, cherry, anise or peach as flavors to improve the taste of the medication. For easy identification, color consistency helps a lot and also increases the aesthetic look of the medications.

Asia Pacific Pharmaceutical Excipients Market Growth Driving Factors

The growing prevalence of chronic diseases is a key driving factor for the market to grow in the Asia Pacific. The rapidly increasing geriatric population is also a cause for market growth. In addition, support from the government in establishing various schemes in favor of the poor people, propelling the growth of the market. Growing demand for generics is also an attribute accelerating the demand of this market in the Asia Pacific. An increased number of pharmaceutical industries across the countries is bolstering the growth of the market.

However, the lack of trained people in managing the production of drugs and vaccines is quietly restraining the growth of the market. Manufacturing of drugs without suitable excipients with the active ingredients is also inhibiting the demand of the market in the Asia Pacific. Low investments by the producers are slowly declining the growth of the market. Stringent rules and regulations by the government are considered to be a challenging factor for market growth.

The growth opportunities for the pharmaceutical excipients market lies in the development of research and development institutes across the Asia Pacific. Also, the rise in the capital income with the changes in the economic strategies is outshining the demand of the market. An increasing the production rate of the medications is fueling the growth of the market in the Asia Pacific. The launch of various innovative products with the acceptance of nanotechnology in the medical sector is escalating the demand of the market. Growing demand for low toxic kind of drugs from the people is also to develop the growth rate for the market in the coming years.

Geographic Analysis of Asia Pacific Pharmaceutical Excipients Market

Geographically, the market is witnessed to have prominent shares in the Asia Pacific. The adoption of nanotechnology is mainly gearing up the growth of the market in this region. Also, the increasing geriatric population is ascribed for the inclination of the growth rate in this Asia Pacific. Increased investments in the pharmaceutical industry are increasing the demand of the market eventually. India and China are major countries that are influencing the pharmaceutical excipients market to have dominant shares.

Proper planning and expansion of research and development institutes are expected to lead the market shares. Change in lifestyles and increased incidences of chronic diseases are impacting positive growth of the market in the Asia Pacific. In the near future, the market is accounted to have an inclined growth rate with the increasing utilization of prenatal medications.

Some of the Promising Companies leading the Asia Pacific Pharmaceutical Excipients Market Profiled in the Report are:

• Ashland
• BASF
• DowDuPont
• Roquette
• Evonik
• Associated British Foods
• Archer Daniels Midland Company
• Lubrizol
• Croda
• Innophous Holdings
• Kerry Group
• WACKER CHEMIE
• Signet

This research report includes following segmentation for the Asia Pacific Pharmaceutical Excipients Market size and forecast 2018 - 2023

Asia Pacific Pharmaceutical Excipients Market – By Product:

• Organic chemicals
• Inorganic chemical
• Others

Asia Pacific Pharmaceutical Excipients Market - By functionality:

• Fillers & diluents
• Suspending & viscosity agents
• Coating agents
• Binders
• Flavoring agents & sweeteners
• Lubricants & glidants
• Colorants
• Preservatives
• Emulsifying agents

Asia Pacific Pharmaceutical Excipients Market - By formulation:

• Oral formulations

  • Tablets
  • Capsules
  • liquid formulations

• Topical formulations
• Prenatal formulations
• Others

Asia Pacific Pharmaceutical Excipients Market analysis - By Region:

• China
• India
• Japan
• South Korea