The oral solid dosage pharmaceutical formulation global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Oral Solid Dosage Pharmaceutical Formulation Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The oral solid dosage pharmaceutical formulation market size has grown strongly in recent years. It will grow from $583.07 billion in 2023 to $618.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to chronic disease prevalence, aging population, healthcare access expansion, generic formulation promotion, and consumer preference shift.
The oral solid dosage pharmaceutical formulation market size is expected to see strong growth in the next few years. It will grow to $792.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to personalized medicine demand, controlled-release adoption, biopharmaceutical focus, emerging market expansion, and policy and reimbursement changes. Major trends in the forecast period include personalized medicine adoption, digital health integration, the rise of telemedicine services, focus on preventive healthcare, and continued expansion of artificial intelligence in healthcare.
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Scope Of Oral Solid Dosage Pharmaceutical Formulation Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Oral Solid Dosage Pharmaceutical Formulation Market Overview
Market Drivers -The increasing prevalence of chronic diseases is expected to propel the growth of the oral solid dosage pharmaceutical formulation market going forward. Chronic diseases refer to long-term health conditions that persist for an extended period, typically lasting for three months or more. Chronic diseases is rising due to factors such as aging populations, sedentary lifestyles, poor dietary habits, environmental factors, and improved detection and diagnosis methods. Oral solid dosage pharmaceutical formulations are integral to chronic disease management and support long-term treatment adherence, as they are convenient, stable, and precise dosing. For instance, in July 2021, according to the IDF Diabetes Atlas Tenth Edition 2021 report published by the International Diabetes Federation, a Belgium-based national diabetes association organization, the global number of people aged 20-78 years having diabetes is expected to reach 643 million by 2030, and 783 million by 2045 from 537 million in 2021. Therefore, the increasing prevalence of chronic diseases drives the growth of the oral solid dosage pharmaceutical formulation market.
Market Trends – Major companies operating in the oral solid dosage pharmaceutical formulation market are developing innovative products, such as liquid-filled capsules, to enhance drug delivery, improve bioavailability, and offer more convenient dosing options for patients. Liquid-filled capsules are oral dosage forms consisting of a gelatin shell filled with a liquid or semi-solid formulation containing active pharmaceutical ingredients (APIs) and excipients. For instance, in July 2023, Zeon Lifesciences Ltd., an India-based pharmaceutical company, launched liquid-filled capsules, offering a cutting-edge delivery system with enhanced bioavailability and absorption rates. These capsules feature an innovative delivery system that enhances bioavailability and absorption rates, ensuring optimal levels of active ingredients for maximum efficacy and immediate results. Zeon’s liquid-filled capsules provide precise and consistent dosages, improving patient compliance and control over medication administration. These capsules utilize advanced technologies to enhance bioavailability, improve patient outcomes, and protect the medication’s integrity. Zeon’s liquid-filled capsules offer a convenient, effective, and reliable alternative to traditional dosage forms, setting a new standard for patient care and compliance in the pharmaceutical industry.
The oral solid dosage pharmaceutical formulation market covered in this report is segmented –
1) By Dosage Form: Tablets, Capsules, Powders And Granules, Lozenges And Pastilles, Gummies
2) By Mechanism: Controlled-Release, Immediate-Release, Delayed-Release
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Pharmacies, Hypermarkets Or Supermarkets
4) By End-User: Large-Size Companies, Medium And Small-Size Companies, Other End-Users
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Regional Insights – North America was the largest region in the oral solid dosage pharmaceutical formulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oral solid dosage pharmaceutical formulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the oral solid dosage pharmaceutical formulation market are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Bayer AG, Bristol-Myers Squibb Company, AstraZeneca Plc., Novartis AG, Hoffman-La-Roche Ltd., Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Boehringer Ingelheim GmbH, Gilead Sciences, Amgen Inc., Teva Pharmaceuticals, Otsuka Pharmaceutical Co. Ltd., Astellas Pharma Inc., Biogen Inc., Lonza Group, Catalent Inc., Ashland Inc., Piramal Pharma Solutions, Jubilant Pharmova, CordenPharma International
Table of Contents
1. Executive Summary
2. Oral Solid Dosage Pharmaceutical Formulation Market Characteristics
3. Oral Solid Dosage Pharmaceutical Formulation Market Trends And Strategies
4. Oral Solid Dosage Pharmaceutical Formulation Market – Macro Economic Scenario
5. Global Oral Solid Dosage Pharmaceutical Formulation Market Size and Growth
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32. Global Oral Solid Dosage Pharmaceutical Formulation Market Competitive Benchmarking
33. Global Oral Solid Dosage Pharmaceutical Formulation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Oral Solid Dosage Pharmaceutical Formulation Market
35. Oral Solid Dosage Pharmaceutical Formulation Market Future Outlook and Potential Analysis
36. Appendix
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