The Asia-Pacific pharmaceutical excipient market is estimated to grow at a CAGR of 8.8% during the forecast period. The study of the report covers the analysis of various economies such as India, China, Japan, and the Rest of Asia-Pacific. The rest of Asia Pacific includes Australia, South Korea, Indonesia.
Browse the full report description Asia-Pacific Pharmaceutical Excipient Market Size, Share & Trends Analysis Report, By Product (Solubilizer & Surfactants/Emulsifiers, Polyols, Carbohydrates, and Specialty Excipients), By Formulation (Oral Formulation, Topical Formulations, Parenteral Formulations, and Other Formulations), and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/asia-pacific-pharmaceutical-excipient-market
Several companies are working in the Chinese biopharmaceutical sector. Moreover, the government has developed more than 100 bioscience research parks in the country, for instance, Pharma Valley in Shanghai, for the R&D in the biological sector, and around 20 more parks are anticipated to be constructed by 2020 by the Ministry of Science and Technology. This will result in the growth of the pharmaceutical industry and ultimately will drive the pharmaceutical excipient industry.
Further, the market is estimated to witness significant growth in South Korea owing to the increasing investment by the government in the biosimilar industry. For instance, in April 2019, South Korea’s government announced to invest around $2.6 billion into biotech-related R&D.
Moreover, the pharmaceutical industry in Indonesia is relatively small in size as compared to other emerging economies of Asia-Pacific such as China and India, however, due to some activities, significant growth in the pharma industry can be expected in the near future. In January 2014, the government of Indonesia launched a universal healthcare scheme as JaminanKesehatan Nasional (JKN), for providing healthcare insurance to all the citizen of the country.
Market Coverage
Key questions addressed by the report
Asia-Pacific Pharmaceutical Excipient Market- Segmentation
By Products
By Formulations
Asia-Pacific Pharmaceutical Excipient Market– Segment by Region
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