Global OSDF Excipients Market 2015-2019
About OSDF Excipients
OSDF excipients are chemical compounds that are added along with API and other chemicals during the manufacture of a drug. The sole purpose of the excipients is to hold the components together in the different forms of oral dosage. Sometimes, these excipients also act as drug releasers by releasing controlled amount of the medication after ingestion of the same.The global OSDF excipients market has been growing at a rapid pace. North America is leading the market, followed by APAC and Europe. The North American market has witnessed growth because of the growth in aging population in the US. Though OSDF excipients are used only in oral medication drugs, the ongoing research to develop new excipients is still going on and will drive market growth further in the coming years. The pharmaceutical industry is the only user of OSDF excipients and with growing R&D in this sector, the growth of the market is inevitable.
Technavio's analysts forecast the global OSDF excipients market to grow at a CAGR of 6.75% during 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global OSDF excipients market for the period 2015-2019. The report further provides data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global OSDF Excipients Market 2015-2019
Technavio recognizes the following companies as the key players in the Global OSDF Excipients Market: BASF, Colorcon, Dow Chemical, FMC Chemical and Nutrition and Fuji Chemical Industry
Other Prominent Vendors in the market are: Calumet, Honeywell, Lyondell, Oxiteno and P&G
Commenting on the report, an analyst from Technavio’s team said: “The wet granulation technique is being followed widely for tablet manufacture. This is due to the ease of availability of equipment for the same. A manufacturing trend that is on the verge of gaining popularity is the direct compression technique of tablet manufacture. The direct compression method of tablet manufacture is gaining popularity due to the cost-effective nature of the method. Currently, most of the generic and branded companies manufacturing OSDF drugs are sticking to the wet granulation process. However, this is expected to change sooner rather than later due to the price constraints that haunt the companies.”
According to the report, the growth of the OSDF excipients market is mainly due to the growth of the aging populations in developed and developing countries like China and India. The geriatric population consumes drugs mostly through the oral route. OSDF drugs are easy to administer and handle. The increasing growth of aging populations will require excessive production of OSDF drugs, thereby increasing the consumption of OSDF excipients, which will in turn increase the revenue generated.
Further, the report states that hardships make the market unattractive and the non-entry of new players and the hesitant nature of existing players to discover new excipients pose a challenge for the growth of this market.
BASF, Colorcon, Dow Chemical, FMC Chemical and Nutrition, Fuji Chemical Industry, Calumet, Honeywell, Lyondell, Oxiteno, P&G