Germany Accounted For 19.9% Share In The Europe Oral Solid Dosage Pharmaceutical Market In 2021
“Increasing prevalence of chronic diseases and strategic collaborations among key market players are driving the sales of oral solid dosage pharmaceuticals,” says a Fact.MR analyst.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global oral solid dosage pharmaceutical market is set to experience robust growth at 6.4% CAGR and cross a market valuation of US$ 1 trillion by the end of 2032.
Revenue from the sales of oral solid dosage pharmaceuticals accounted for 23.8% share of the global pharmaceutical drug delivery market in 2021.
Rise of usability and patient compliance is also a key aspect driving global demand for oral solid dosage medications and this is a key concern for drug producers. Modified release (MR) oral solid dosage solutions are experiencing a sharp increase in demand due to growing patient-centric drug demand.
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Key Takeaways from Market Study
Demand growth for global oral solid dosage pharmaceuticals is being driven by various factors such as higher accuracy, easy to transport, and inherently being more stable than other dosage forms such as liquid. Moreover, the shelf life of oral solid dosage drugs is much more than any other form of dosage due to higher product stability. In addition, the past few years have seen several oral solid dosage drug approvals.
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Gaining FDA approval and actively collaborating with other players that have a strong position and are popular in the market are key strategies of many market players.
Key market players such as Eli Lilly and Company and Merck are focusing on collaborations for expanding their product offerings and their overall presence in the market.
Manufacturers of oral solid drugs can attain considerable bioavailability by implementing cutting-edge drug delivery technology methods. For instance, tailored drug delivery and dose forms with prolonged release increase the bioavailability of medications and decrease the need for repeated medication administration.
Key Segments in Oral Solid Dosage Pharmaceutical Industry Research
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Fact.MR, in its new offering, presents an unbiased analysis of the oral solid dosage pharmaceutical market, presenting historical demand data (2012-2021) and forecast statistics from 2022 to 2032.
The study divulges essential insights on the market based on dosage form (tablets {conventional/immediate release, modified release, chewable tablets, effervescent tablets}, capsules {hard gelatin capsules, soft gelatin capsules, others}, powders & granules, lozenges & pastilles, gummies), drug release mechanism (immediate release, delayed-release, controlled release), and distribution channel (hospital pharmacies, retail pharmacies, drug stores, online pharmacies, hypermarkets/supermarkets), across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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