Polymer based Solubility Enhancement Excipients for OSDF: Key market research findings
- Emergence of custom manufacturers
- Growing application of solid dispersion technology
Technavio has added a new market research report on the global polymer based solubility enhancement excipients market, which is expected to grow at a CAGR of around 17% between 2015 and 2019. The increasing use of solid dispersion technology for enhancing solubility has boosted the demand for polymer-based excipients. The Americas dominate the global market for polymer based solubility enhancement excipients for OSDF, accounting for around 34% of the total market share. However, APAC is expected to grow at the fastest growth rate of 18% during the forecast period owing to the strong growth of the pharmaceutical industry in the region. Also, medical tourism and the entry of low-cost vendors that supply to foreign markets are driving the growth of the market in APAC.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is witnessing increased dependence of pharmaceutical companies on contract manufacturing organizations (CMOs) and contract development and manufacturing organizations (CDMOs). Thee CMOs reduce the costs associated with the manufacture and maintenance of equipment and infrastructure, and thereby provide low-cost products. For instance, Aesica is a key CMO in the market that offer custom-manufactured solubility enhancing excipients to support pharmaceutical companies. Also, Bend Research, a CDMO, has collaborated with BASF for the development of solubility enhancing excipients,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
Of late, the solid dispersion segment is the largest revenue to the market, accounting for around 80% of the oevarll market revenue. This segment is expected to be the fastest-growing technology for solubilizing API with polymer-based excipients, posting a CAGR of 18%. The polymer excipients used in the solid dispersion technology have high compatibility with API present in drugs, hence, many drug formulators are implementing this technology to improve solubility.
The key vebdors in the global polymer based solubility enhancement excipients market include Ashland, BASF, Dow Chemical, Evonik Industries, and Shin-Etsu. Many vendors in the market are focusing on the introduction of innovative polymers, thereby contributing to market growth. For instance, Ashland is focusing on the development of many polymer excipients through amorphous solid dispersion studies that led to the introduction of successful prototypes.
A more detailed analysis is available in the Technavio report, Global Polymer based Solubility Enhancement Excipients for OSDF 2015-2019.
We can customize reports by other regions and specific segments upon request.
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