The pharmaceutical excipients market in China is expected to hit about RMB54.83 billion by 2017, growing from RMB26.35 billion in 2013.
Albany, NY (PRWEB) December 10, 2014
This report discusses the market dynamics, forecasts, and trends in China’s pharmaceutical excipients market, which essentially pertains to adjuvant and additives that are used for compounding prescriptions as well as in the production of pharmaceutical products. Pharmaceutical excipients are used along with active ingredients to produce pharmaceutical products, and are regulated by stringent mandates. The report takes these factors into consideration to offer a broad-ranging analysis of this pharmaceutical excipients market in China. The top 10 pharmaceutical excipients in the China are discussed in this report.
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Among the top conventionally used pharmaceutical excipients in the China market, gelatin capsules report massive export volumes and their supply in the market is recorded as being adequate. In the first half of 2014, China reported exports of about 1,427.5 tons of gelatin capsules, estimated worth US$32.408 million. Despite that exports remain strong, China does rely on imports for certain products within the pharmaceutical excipients market. The most prominent among these are polyvinyl-pyrrolidone (PVP), film-coated powder, and a few other newly introduced advanced pharmaceutical excipients. According to the report, the current pharmaceutical excipients market in China constitutes about 2% to 3% of the country’s total market of pharmaceutical preparations, by value. According to the findings of the report, the total pharmaceutical excipients market in China is slated to hit about RMB54.83 billion by 2017, growing from RMB26.35 billion in 2013.
The analysis also finds that China has about 400 active manufacturers of pharmaceutical excipients. Of these, about 23% (90 manufacturers) focus on the production of pharmaceutical excipients, whereas the others largely deal with food processing or chemical processing operations as well.
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Interestingly, each of these players has specialized in a certain aspect of the pharmaceutical excipients market. The presence of a number of international entities, the presence and role of Chinese pharmaceutical excipients manufacturers cannot be discounted.
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