Kenya Pharmaceutical Excipient market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The market for Pharmaceutical Excipient is growing rapidly as a result of growing Pharmaceutical Industry, Generic Drug Production driven by patent expiration and cost considerations, drug delivery systems advncements like such as controlled-release formulations, nanoparticles, and transdermal patches, requires specialized excipients to achieve the desired drug release profiles. Kerry Group plc., DFE Pharma, Cargill, Incorporated, Pfanstiehl, Colorcon, MEGGLE GmbH & Co. KG, Omya AG, Peter Greven GmbH & Co. KG, Ashland., Evonik, Dow, Croda International Plc, Roquette Frères., The Lubrizol Corporation, BASF SE, Avantor, Inc., BENEO, Chemie Trade are the key global market players.
Kenya Pharmaceutical Excipient Market is valued at around $7.8 Mn in 2022 and is projected to reach $12.6 Mn by 2030, exhibiting a CAGR of 6.24% during the forecast period 2023-2030.
The formulation and production of pharmaceutical goods heavily rely on the pharmaceutical excipient sector. To develop a final dosage form, active pharmaceutical ingredients (APIs) are mixed with excipients, which are inert chemicals. Excipients are included in a pharmaceutical dosage form to assist in the manufacturing process to protect, support, or enhance stability, or for bioavailability. They also help to identify products and improve general product safety or functionality during storage or use. The surge in the generics market and rising focus on orphan drugs are the market drivers. Excipients are of different types like Binders, Fillers, Disintegrants, Lubricants, Coatings, Preservatives, Antioxidants, sweeteners, etc. Kerry Group plc., DFE Pharma, Cargill, Incorporated, Pfanstiehl, Colorcon, MEGGLE GmbH & Co. KG, Omya AG, Peter Greven GmbH & Co. KG, Ashland., Evonik, Dow, Croda International Plc, Roquette Frères., The Lubrizol Corporation, BASF SE, Avantor, Inc., BENEO, and Chemie Trade are the key global market players.
Market Growth Drivers
Growing Pharmaceutical Industry, Generic Drug Production driven by patent expiration and cost considerations, drug delivery systems advances such as controlled-release formulations, nanoparticles, and transdermal patches, require specialized excipients to achieve the desired drug release profiles.
Market Restraints
Increasing regulatory stringency regarding the approval of excipients, along with the increase in cost and time-intensive drug development process, increasing emphasis on sustainable and environmentally friendly manufacturing practices in the pharmaceutical industry influences the selection of excipients with minimal environmental impact. All these factors act as market growth restraints.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Functionality
By Dosage Form
By Route of Administration
By End User
By Distribution Channel
Methodology for Database Creation
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Combining Secondary and Primary Research
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