(PharmaNewsWire.Com, June 01, 2017 ) Market Data Forecast recently published a report on the North America Pharmaceutical Excipients Market which estimates the market to grow from USD 1.97 billion from 2016 to USD 2.57 billion by 2021 with a high CAGR of 5.24 %.
An excipient is a natural or synthetic constituent formulated alongside the active ingredient of a medication, included for the purpose of inducing and catalysing a wide range of physical and chemical properties.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are increasing incidences of chronic diseases owing to sedentary life style, hefty investments by the pharmaceutical companies in development of medicines, implementing new novelties like nanotechnology are the major driving forces of the market. However, decreasing the side-effects of drugs and developing environmental friendly manufacturing processes are the major challenges faced by the pharmaceutical industry. As discussed earlier, ever- increasing demand in the emerging markets like Asia-Pacific and Latin America is proving to be a lucrative opportunity for the market players if they can plan suitable expansion strategies and introduce new and innovative products.
Nevertheless, one should keep in mind that the growth of the market is hindered to a certain level by the fact that investments in R&D by major companies are not up to the essential level and increasing regulatory requirements which are making it progressively difficult to get new manufacturing facilities approved. The products are segmented based on product, functionality and formulation type and studied for a deep-level understanding of the Pharmaceutical Excipients market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well. By Product Organic Chemicals Inorganic Chemicals By Functionality Diluents Binders Coatings Disintegrants Flavouring Agents Lubricants Colorants Preservatives By Formulation Type Oral Formulations Topical Formulations Parenteral Formulations Advanced Delivery Systems
North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. The study identifies USA as the predominant market in the North American region and it holds well in the Global Market too.
Ashland Inc., AkzoNobel, Archer Daniels Midland Company, Associated British Foods PLC, BASF SE, Colorcon, Inc., Croda International PLC, Evonik Industries AG, FMC Corporation, Innophos Holdings Inc., J.M. Huber Corporation, Merck Millipore, Roquette Group, The DOW Chemical Company and Lubrizol Corporation are some of the key players which have been discussed in the report.
Scope of the North America Pharmaceutical Excipients Market:
Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region To detect major focus areas of industrial growth Segment-level analysis on basis of product, functionality and formulation type along with market size forecasts and y-o-y estimations are provided Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics PESTLE and Porters Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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About Market Data Forecast: The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the clients research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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