The Business Research Company’s Pharmaceutical Pellets Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pharmaceutical Pellets Global Market Report 2023 evaluates pharmaceutical pellets market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global pharmaceutical pellets market is expected to grow from $1.48 billion in 2022 to $1.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical pellets market is expected to reach $2.54 billion in 2027 at a CAGR of 11.2%.
The increasing prevalence of chronic diseases is expected to propel the growth of the pharmaceutical pellets market going forward. Chronic diseases are defined as problems that last for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. The use of pharmaceutical pellets can be beneficial for the treatment of chronic diseases as they reduce digestive problems and enhance drug absorption. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, by 2050, the number of individuals aged 50 years and older who have at least one chronic illness will surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. Therefore, the increasing prevalence of chronic diseases is driving the growth of the pharmaceutical pellets market.
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The pharmaceutical pellets market segments in the report are:
1) By Technology: Extrusion, Fluid Bed Granulation, Dry Powder Layering, Solution And Suspension Layering, Spray Congealing, Spray Drying
2) By Mechanism Of Action: Diffusion, Erosion, Osmosis
3) By Technique: Direct, Melt, Wet, Dry
4) By End-User: Pharmaceutical, Nutraceutical
The table of contents in TBRC’s pharmaceutical pellets market report includes:
- Executive Summary
- Pharmaceutical Pellets Market Characteristics
- Pharmaceutical Pellets Market Trends And Strategies
- Pharmaceutical Pellets Market – Macro Economic Scenario
- Pharmaceutical Pellets Market Segmentation.
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- Global Pharmaceutical Pellets Market Competitive Benchmarking
- Global Pharmaceutical Pellets Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pharmaceutical Pellets Market
- Pharmaceutical Pellets Market Future Outlook and Potential Analysis
- Appendix
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