Pharmaceutical Excipients are substances other than pharmacologically active drug components, which are included in the drug manufacturing process or contained in a finished pharmaceutical product dosage form. They facilitate formulation design and perform a range of functions such as enhancing flowability, increasing lubricity, improving compressibility, etc.
Asia-Pacific pharmaceutical excipients market size is projected to reach approximately $3.95 billion by the end of 2024 with a CAGR of close to 5.78% from $1.95 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include a rise in the incidence of diseases which has increased the demand for drugs, inventions of new excipients in the pharma industry and advancements in the techniques and equipment manufacturing excipients. However, Risk of adverse reactions on the body and stringent FDA guidelines for approval are thereby hampering the market growth.
Asia-Pacific pharmaceutical excipients market is categorised into Process which comprise Diluents, Binders, Disintegrants,
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