London, 15 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global OSDF excipients market 2015-2019, which is expected to grow at a CAGR of 6.75% during the period of 2014-2019.
The increase in geriatric population of developing nations is a major factor that aids growth in this market. The recent increase in the disposable incomes of the populace will lead to an increase in the willingness to spend on medicines, which will augment the prospects of growth in this market. The advent of new diseases like swine flu and other vector-based diseases will lead to the development of new drugs. With the development of new medicines, the demand for excipients increases. This will lead to an increase in demand for such drugs during the forecast period.
“The FDA has certified the use of sol-gel for the treatment of dermal disorders. Sol-gel capsules normally involve the use of silica microcapsules, in which the APIs are encapsulated. This enables controlled release of the APIs. This technology is gaining prominence due to its usefulness in controlled-release based drugs,” says Faisal Ghaus, Vice President of Technavio.
“Since dermal diseases are less in number, this trend will have a low impact on the market, but it is a new technology that might find applications in other oral solid dosage forms (OSDFs).”
Key Market Drivers:
- Growth in Geriatric Population.
- Rise in Disposable Income.
- Intensive R&D in Pharma Sector.
- Increased Availability of Generic Drugs.
Key Market Trends:
- Shift from Wet Granulation to Direct Compression Technologies in Tablets.
- Fast-dissolving Drug Market Growing Rapidly.
- Sol-Gel Technology Usage in Treating Dermal Disorders.
Key Market Vendors:
- BASF
- Colorcon
- Dow Chemical
- FMC Health and Nutrition
- Fuji Chemical Industry Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
