The global market for pharmaceutical ingredients continues to evolve and expand as research seeks to develop and improve relevant processes and technologies. BCC Research was among the first market research companies to undertake an in-depth look at excipients in drug formulations and to publish a multi-client business analysis on the subject. New demands on performance and quality have changed the shape of the pharmaceutical industry, exposing deficiencies in the old assumptions about the worth of excipients in a pharmaceutical formulation. More widespread and precise testing has proven that inert ingredients in drug formulations contribute more than bulk and can even affect the performance of the active (therapeutic) ingredient. As a result, market dynamics with respect to formulated drugs has changed and the supply of the ingredients has broadened internationally. This updated BCC Research technical/marketing study, Excipients in Pharmaceuticals, explores the impact that advancements in the field are expected to have over the next 5 years.
SCOPE OF STUDY
This report contains:
METHODOLOGY AND SOURCES
TThe methodology employed to obtain the data found in Excipients in Pharmaceuticals included extensive telephone interviews with key executives of the leading U.S. companies and domestic representatives of foreign companies involved in producing the ingredients. The expert and reasoned comments of the sources, combined with information gleaned from trade journals, patents, company reports, press releases, relevant technical, medical, and product literature, and government documents germane to inert ingredients for drugs, provide the basis for the contents of the report.
The information has been used to formulate average annual growth rates, which are then compounded (CAGR). All market sizes refer to worldwide values and volumes, which are rounded to the nearest million in dollars and pounds. Due to rounding, some CAGRs do not agree exactly with figures in the market tables. Market size is estimated at the level of consumption in actual drug formulations. Where precise information was not available, a consensus was made using a formulation of reasonable assumptions and estimates based on historical data. In this report, the market size for 2005 serves as a base for making estimates for 2006 and projections for 2011.
The author of this report, Norma Corbitt, is a senior analyst with BCC Research, with 21 years of experience with the company. In that time, Ms. Corbitt has written a number of other BCC reports, including Protein Ingredients, Sterilization Technologies Advancing into the 21st Century, The Growing Food Testing Industry, and Engineered and Staple Soy-Containing Foods. She has either assisted or been the editor of a number of the company's monthly newsletters.