- The key vendors in the Global Excipients Market 2014-2018 are BASF SE, Colorcon Inc., FMC Corp., Fuji Chemicals Industry Co. Ltd. and The Dow Chemical Company.
London, 25 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Excipients Market 2014-2018. One key trend upcoming in this market is the marketing of combination materials that are used as supplementary materials during the production of excipients. The use of excipients in drug development helps drugs cross the regulatory barriers easily because of the unique characteristics of excipients. The market is expected to post a CAGR of 6.25 percent during the period 2013-2018.
Intense competition exists among the vendors in this market, which is fostering the growth of the market. The majority of the manufacturers have shifted the focus of their investment toward the APAC region. The APAC region and Latin America are expected to drive the overall growth of the Global Excipients market.
“Issues such as increasing patent expirations, declining profits because of the presence of generics, limited product approvals, and stringent regulatory norms have forced vendors to explore new avenues of drug development,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors are now developing functional excipients including those intended for direct compression, sustained release formulations, and other non-injectable preparations.”
To define the market conditions 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%…
