Superdisintegrants Market Revenue Share Analysis, Growth Forecast To 2027
Oral administration of medical drugs in the form of tablets and capsules is one of the most commonly prescribed methods for drug delivery due to several key factors ranging from being easy to swallow to better chemical stability in this form. Superdisintegrants have become a vital addition to tablets and capsules as they facilitate rapid disintegration of smaller doses than conventional disintegrants making them ideal for various medical applications in the pharmaceutical sector. Market Research Future's new publication on the global superdisintegrants market has observed the growth of the market at a healthy CAGR of 7.9% during the forecast period from 2018 to 2023. At the beginning of the forecast period in 2017, the market generated a revenue of USD 371.3 Mn. The projected rate of growth is anticipated to establish the market at a value of USD 576.2 Mn by the end of the review period in 2023.
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The global
pharmaceutical industry has witnessed a significant spike in its growth over
the past few years, and this growth is expected to continue in the coming
years. Many patents on popular drugs have expired or are likely to expire soon,
which has prompted the entry of new competitors and the production of generic
drugs. Increasing production of generic drugs is expected to cause a rise in
demand for superdisintegrants. Moreover, superdisintegrants are used highly in
the production of drugs which are aimed at geriatric and pediatric patients as
they offer good disintegration and efficacy at low dosages. The ever-expanding
aged and infant population is likely to impact the global superdisintegrants
market in a positive manner.
Emerging
economies offer the global superdisintegrants market with considerable
opportunities for growth over the forecast period. The prevalence of several
chronic diseases combined with the rapidly expanding healthcare sector in the
region will contribute to future growth of the market.
Market
Segmentation
MRFR's
analysis of the various segments in the market has been performed on the basis
of type, formulation, therapeutic area, and region. Types of superdisintegrants
have been segmented into synthetic superdisintegrants, natural disintegrants,
and others. Among these, the synthetic superdisintegrants segment has been
widely used, making it the most significant market segment. However, the
natural superdisintegrants segment is growing at a truly rapid pace due to the
growing demand for natural ingredients.
Formulations
which include superdisintegrants have been segmented into tablets and capsules.
Tablets govern a majority share of the total market, while the capsules segment
is expected to grow at the highest CAGR during the review period.
Therapeutic
areas where superdisintegrants are used have been segmented into
gastrointestinal diseases, neurological diseases, oncology, infectious
diseases, inflammatory diseases, hematological diseases, and cardiovascular
diseases. Among these segments, the gastrointestinal diseases segment is at the
forefront of market growth due to the demand for fast acting medicine for these
types of diseases. Meanwhile, the oncology segment is growing rapidly and is
expected to display the highest CAGR over the forecast period.
Regional Analysis
Led by the
U.S, the Americas have captured the largest share of the global
superdisintegrants market. The presence of a developed healthcare sector as
well as several important market players that have and continue to influence
growth and contribute to the sizeable share that this regional market
possesses. The region also has a high demand for drugs for many chronic
diseases where superdisintegrants are required due to the prevalence of such diseases.
The Asia
Pacific superdisintegrants market is likely to grow at the highest pace due to
the concentration of rapidly emerging markets in the region. China, Japan,
India, and several other country-level markets have a high demand for drugs for
chronic diseases. The APAC regional market has several avenues for growth that
are expected to open up in the coming years. The regions rapidly growing
healthcare sector and the presence of a number of contract manufacturing
organizations for pharmaceuticals is likely to have a positive impact on the
market.
Key
Players
Analysis of
the competitive landscape of the global superdisintegrants market includes
several important market players such as DFE Pharma, Roquette Freres, BASF SE,
Ashland Global Holdings Inc., JRS Pharma, Merck KGaA, DowDuPont Inc., Avantor
Performance Materials, LLC, Corel Pharma Chem, and Asahi Kasei Corporation.
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