Comprehensive Oral Solid Dosage Pharmaceutical Formulation Market Analysis 2024: Size, Share, And Key Trends
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What is the Expected Growth Rate of the Oral Solid Dosage Pharmaceutical Formulation Market from 2024 to 2033?
The oral solid dosage pharmaceutical formulation market has seen robust growth. It will rise from $583.07 billion in 2023 to $618.34 billion in 2024, with a CAGR of 6.0%. This growth is attributed to the prevalence of chronic diseases, an aging population, improved healthcare access, promotion of generic formulations, and shifting consumer preferences.
The oral solid dosage pharmaceutical formulation market is expected to grow significantly, reaching $792.37 billion by 2028 with a CAGR of 6.4%. Growth is driven by personalized medicine demand, controlled-release adoption, a focus on biopharmaceuticals, emerging market expansion, and changes in policies and reimbursements. Key trends include personalized medicine adoption, digital health integration, the rise of telemedicine, a focus on preventive healthcare, and increased AI utilization in healthcare.
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What Key Factors Are Fueling the Growth of the Oral Solid Dosage Pharmaceutical Formulation Market?
The increasing prevalence of chronic diseases is projected to advance the oral solid dosage pharmaceutical formulation market. Chronic diseases are long-term health issues, rising due to aging, sedentary lifestyles, and improved diagnostic methods. Oral solid dosage forms are crucial for managing these conditions due to their convenience and accurate dosing. For example, a July 2021 report from the International Diabetes Federation forecasted that the number of people aged 20-78 with diabetes could reach 643 million by 2030 and 783 million by 2045, up from 537 million in 2021. Thus, the rise in chronic diseases is driving the oral solid dosage pharmaceutical formulation market.
What Are the Major Segments of the Oral Solid Dosage Pharmaceutical Formulation Market?
1) By Dosage Form: Tablets; Capsules; Powders And Granules; Lozenges And Pastilles; Gummies
2) By Mechanism: Controlled-Release; Immediate-Release; Delayed-Release
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Drug Stores; Online Pharmacies; Hypermarkets Or Supermarkets
4) By End-User: Large-Size Companies; Medium And Small-Size Companies; Other End-Users
What New Trends Are Transforming the Oral Solid Dosage Pharmaceutical Formulation Market?
Companies in the oral solid dosage pharmaceutical formulation market are creating innovative products like liquid-filled capsules to enhance drug delivery. In July 2023, Zeon Lifesciences Ltd. from India launched these capsules, which improve bioavailability and absorption rates for optimal efficacy and patient compliance.
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Which Regions Are Driving Growth in the Oral Solid Dosage Pharmaceutical Formulation Market?
North America was the largest region in the oral solid dosage pharmaceutical formulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oral solid dosage pharmaceutical formulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Oral Solid Dosage Pharmaceutical Formulation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the oral solid dosage pharmaceutical formulation market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Oral Solid Dosage Pharmaceutical Formulation Market Include
1. Oral Solid Dosage Pharmaceutical Formulation Market Executive Summary
2. Oral Solid Dosage Pharmaceutical Formulation Market Segments
3. Oral Solid Dosage Pharmaceutical Formulation Market Size And Template Market Growth Rate
4. Key Oral Solid Dosage Pharmaceutical Formulation Market Trends
5. Major Oral Solid Dosage Pharmaceutical Formulation Market Drivers
……
25. Key Mergers And Acquisitions In The Oral Solid Dosage Pharmaceutical Formulation Market
26. Top Oral Solid Dosage Pharmaceutical Formulation Companies
27. Oral Solid Dosage Pharmaceutical Formulation Market Opportunities And Strategies
28. Oral Solid Dosage Pharmaceutical Formulation Market, Conclusions And Recommendations
29. Appendix
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