The global pharmaceutical pellets market was valued at USD 1,805.72 million in 2022 and is expected to grow at a CAGR of 10.64% from 2023 to 2032. The market is expected to reach USD 4,963.32 million by 2032. The increasing incidence of chronic diseases is driving the growth of the pharmaceutical pellets market. Additionally, rising government expenditure on improving healthcare programs and infrastructure are fueling the growth of the market for pharmaceutical pellets.
Pellets or granules are free-flowing units filled into capsules and formed using agglomeration techniques. In agglomeration techniques, fine powders are converted into fine particles. These particles offer several advantages, such as delivering multiple drugs in a single dose, masking the desired drug aftertaste, and thus improving patient compliance with drug administration compared to other dosage forms. Moreover, drug pellets have broad uses in the pharmaceutical sector as they can enhance the appearance of drugs and are compatible with chemically incompatible drugs.
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Increasing Incidence of Chronic Diseases- Due to the increasing old age population, there is a surge in the deadliest diseases, such as coronary artery disease, stroke, high blood pressure, and high cholesterol, thus boosting the market's growth. Besides, the prevalence of chronic diseases such as respiratory diseases, cancer, kidney diseases, and systemic diseases is propelling the market's growth.
Innovation in Pharmaceutical Pellets- The growth of the pharmaceutical pellets market is fueled by innovations in pharmaceutical pellets, which have been boosted by improving healthcare infrastructure and the rising adoption of drugs by patients.
High Production Cost- Rising manufacturing costs can hamper the pharmaceutical pellets market's growth.
Increase in Research & Development- The rising R&D in the pharmaceutical sector is anticipated to develop unexplored possibilities over the forecast period.
Lack of Skilled Employees- In today's world, a need for more skilled & qualified professionals has become a significant problem. This factor can further challenge the pharmaceutical pellets market's growth.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global Pharmaceutical Pellets market, with a 38.75% share of the market revenue in 2022.
North America registered a dominant market share and is expected to rise aggressively over the forecast period. Increasing research and development activities in the pharmaceutical sector and rising expenditure on healthcare infrastructure are boosting the pharmaceutical pellets market growth. The Asia Pacific region is expected to grow at a robust CAGR during the forecast period due to the increasing number of older people. In addition, the rising government investments to improve the country's healthcare environment is stimulating the market's growth. Meanwhile, the increasing availability of biopharmaceuticals is a significant factor in the region's market growth.
North America Region Pharmaceutical Pellets Market Share in 2022 - 38.75%
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The technology segment is divided into dry powder layering, extrusion, fluid bed granulation, solution & suspension layering, spray congealing and spray drying. The extrusion segment dominated the market, with a market share of around 32% in 2022 and is expected to rise aggressively over the forecast period. Extrusion is one of the most familiar techniques applied to make pellets. Extrusion is a multi-stage procedure used to obtain pellets of uniform size. One of the main stages includes dry mixing to obtain homogeneity, followed by wet mixing to create an adequate plastic mass. Another recent method that has received much attention is the solution & suspension layering. In this method, the pellets or particles are shaped uniformly, developing a good surface morphology. The solutions & suspension layering segment have developed over the years, helping to expand this market share.
The mechanism of action segment is divided into diffusion, erosion and osmosis. The diffusion segment dominated the market, with a market share of around 41% in 2022 and is expected to register a robust CAGR over the forecast period. It is the most commonly used method for drug release from pellets. Diffusion is the most accurate and effective mechanism of pharmaceutical pellets formation. The osmosis segment is anticipated to witness a constant and lucrative rise over the forecast period.
Report Description:
Attribute | Description |
---|---|
Market Size | Revenue (USD Million), Volume (K Tons) |
Market size value in 2022 | USD 1,805.72 Million |
Market size value in 2032 | USD 4,963.32 Million |
CAGR (2023 to 2032) | 10.64% |
Historical data | 2019-2021 |
Base Year | 2022 |
Forecast | 2023-2032 |
Regional Segments | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Segments | Technology, Mechanism of Action |
As per The Brainy Insights, the size of the pharmaceutical pellets market was valued at USD 1,805.72 million in 2022 to USD 4,963.32 million by 2032.
The global pharmaceutical pellets market is growing at a CAGR of 10.64% during the forecast period 2023-2032.
The North America region became the largest market for pharmaceutical pellets.
Increasing incidence of chronic diseases is influencing the market's growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Technology
4.3.2. Market Attractiveness Analysis by Mechanism of Action
4.3.3. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing Incidence of Chronic Diseases
5.2.2. Innovation in Pharmaceutical Pellets
5.3. Restraints
5.3.1. High Production Cost
5.4. Opportunities
5.4.1. Increase in Research & Development
5.5. Challenges
5.5.1. Lack of Skilled Employees
6. Global Pharmaceutical Pellets Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Dry Powder Layering
6.3. Extrusion
6.4. Fluid Bed Granulation
6.5. Solution & Suspension Layering
6.6. Spray Congealing
6.7. Spray Drying
7. Global Pharmaceutical Pellets Market Analysis and Forecast, By Mechanism of Action
7.1. Segment Overview
7.2. Diffusion
7.3. Erosion
7.4. Osmosis
8. Global Pharmaceutical Pellets Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Pharmaceutical Pellets Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Pharmaceutical Pellets Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Abbott Laboratories
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Avanscure Lifesciences Private Limited
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Concord Drugs Limited
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Chemit Laboratories
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Colorcon Inc.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Lograns Pharma Private Limited
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. MB Sugars & Pharmaceuticals Limited
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Manus Aktteva Biopharma LLP
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Nanjing Joyfulchem Co. Ltd.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Nordic Sugar
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Nami Pharma
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Pharmaceuticals Private Limited
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Rainbow Health Care Products
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Thexa Pharma (P) Limited
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. U.K. Vet Chem
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
List of Table
1. Global Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
2. Global Dry Powder Layering Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
3. Global Extrusion Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
4. Global Fluid Bed Granulation Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
5. Global Solution & Suspension Layering Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
6. Global Spray Congealing Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
7. Global Spray Drying Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
8. Global Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
9. Global Diffusion Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
10. Global Erosion Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
11. Global Osmosis Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
12. Global Pharmaceutical Pellets Market, By Region, 2019-2032 (USD Million) (K Tons)
13. North America Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
14. North America Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
15. U.S. Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
16. U.S. Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
17. Canada Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
18. Canada Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
19. Mexico Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
20. Mexico Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
21. Europe Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
22. Europe Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
23. Germany Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
24. Germany Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
25. France Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
26. France Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
27. U.K. Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
28. U.K. Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
29. Italy Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
30. Italy Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
31. Spain Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
32. Spain Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
33. Asia Pacific Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
34. Asia Pacific Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
35. Japan Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
36. Japan Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
37. China Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
38. China Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
39. India Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
40. India Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
41. South America Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
42. South America Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
43. Brazil Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
44. Brazil Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
45. Middle East and Africa Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
46. Middle East and Africa Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
47. UAE Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
48. UAE Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
49. South Africa Pharmaceutical Pellets Market, By Technology, 2019-2032 (USD Million) (K Tons)
50. South Africa Pharmaceutical Pellets Market, By Mechanism of Action, 2019-2032 (USD Million) (K Tons)
List of Figures
1. Global Pharmaceutical Pellets Market Segmentation
2. Pharmaceutical Pellets Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pharmaceutical Pellets Market Attractiveness Analysis by Technology
9. Global Pharmaceutical Pellets Market Attractiveness Analysis by Mechanism of Action
10. Global Pharmaceutical Pellets Market Attractiveness Analysis by Region
11. Global Pharmaceutical Pellets Market: Dynamics
12. Global Pharmaceutical Pellets Market Share by Technology (2023 & 2032)
13. Global Pharmaceutical Pellets Market Share by Mechanism of Action (2023 & 2032)
14. Global Pharmaceutical Pellets Market Share by Regions (2023 & 2032)
15. Global Pharmaceutical Pellets Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global pharmaceutical pellets market based on below-mentioned segments:
Global Pharmaceutical Pellets Market by Technology:
Global Pharmaceutical Pellets Market by Mechanism of Action:
Global Pharmaceutical Pellets Market by Region:
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