The Pharmaceutical Excipients Market by Products (Organic chemicals, Inorganic Chemicals), Functionality (Fillers, Binders, Lubricants, Preservatives), & by Route of Administration (Oral, Topical, Parenteral, Others) Global Forecast to 2019
Pharmaceutical excipients are inactive ingredients used along with the active ingredients in a drug formulation. While excipients may have different functionalities, they generally do not affect the therapeutic action of the active ingredient. The demand for functional excipients is expected to record a strong growth in the forecast period due to its increased use in advanced drug delivery forms.
The global pharmaceutical excipients market is majorly driven by patent cliffs resulting in increased demand of generic drugs, emergence of novel excipients, and growing demand of functional excipients. Use of modern science like nanotechnology to impart novel functions to the excipients used for target specific functionality of the active ingredients is also expected to propel the market for pharmaceutical excipients during the forecast period.
The pharmaceutical excipients market in this report is broadly segmented by products, functionality, and route of administration. The market by products is segmented into organic and inorganic chemicals. The market by functionality is segmented into fillers & diluents, binders, suspension & viscosity agents, coatings, flavoring agents, disintegrants, lubricats & glidants, colorants, and preservatives, while the market by route of administration covers oral, topical, parenteral, and other excipients.
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The global pharmaceutical excipients market is expected to grow at a CAGR of 6.7% during the forecast period of 2014 to 2019. Swelling...