Overview and Scope
Pharmaceutical pellets refer to a type of multi-particulate dosage form created by combining medications with finely ground excipients to create small, free-flowing, spherical, or semi-spherical particles. It is used to produce medication dose forms with prolonged release.
Sizing and Forecast
The pharmaceutical pellets market size has grown rapidly in recent years. It will grow from $1.66 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to rise in oral dosage forms, focus on patient compliance, pharmaceutical research initiatives, efforts for taste-masking and stability, regulatory approvals and patents.
The pharmaceutical pellets market size is expected to see rapid growth in the next few years. It will grow to $2.82 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to increased demand for pediatric dosage forms, demand for multi-particulate dosage forms, development of combination therapy dosage forms, advances in continuous manufacturing, focus on geriatric dosage forms. Major trends in the forecast period include integration of 3d printing technologies, application in personalized nutrition, smart coatings for real-time monitoring, orally disintegrating pellets, biodegradable and eco-friendly pellets.
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Segmentation & Regional Insights
The pharmaceutical pellets market covered in this report is segmented –
1) By Technology: Extrusion, Fluid Bed Granulation, Dry Powder Layering, Solution And Suspension Layering, Spray Congealing, Spray Drying
2) By Mechanism Of Action: Diffusion, Erosion, Osmosis
3) By Technique: Direct, Melt, Wet, Dry
4) By End-User: Pharmaceutical, Nutraceutical
North America was the largest region in the pharmaceutical pellets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical pellets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is expected to propel the growth of the pharmaceutical pellets market going forward. Chronic diseases are defined as problems that last for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. The use of pharmaceutical pellets can be beneficial for the treatment of chronic diseases as they reduce digestive problems and enhance drug absorption. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, by 2050, the number of individuals aged 50 years and older who have at least one chronic illness will surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. Therefore, the increasing prevalence of chronic diseases is driving the growth of the pharmaceutical pellets market.
Key Industry Players
Major companies operating in the pharmaceutical pellets market report are Abbott Laboratories, Takeda, Boehringer Ingelheim, Teva Pharmaceutical Industries Ltd., Eisai Co. Ltd., Colorcon Inc., Nordic Sugar AB, Pfizer, Merck & Co., Manus Aktteva Biopharma LLP, Thexa Pharma (P) Limited, Avanscure Lifesciences Private Limited, U.K. Vet Chem, MB Sugars & Pharmaceuticals Limited, CIL Laboratories Pvt Ltd, Sainor Pharma Pvt Ltd, Umang Pharmatech Pvt Ltd, Nami Lifesciences Pvt Ltd, Lograns Pharma Private Limited, Rainbow Health Care Products, Chemit Laboratories, Concord Drugs Limited, Pharmaceuticals Private Limited, Nanjing Joyfulchem Co. Ltd., Praful International Corporation, Pellets Pharma Limited, A B Enterprises, Vision Pharmacoat Pvt Ltd, Chemit Laboratories, Spansules Pharma, Ravoos Laboratories Ltd
The pharmaceutical pellets market report table of contents includes:
1. Executive Summary
2. Pharmaceutical Pellets Market Characteristics
3. Pharmaceutical Pellets Market Trends And Strategies
4. Pharmaceutical Pellets Market - Macro Economic Scenario
5. Global Pharmaceutical Pellets Market Size and Growth
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32. Global Pharmaceutical Pellets Market Competitive Benchmarking
33. Global Pharmaceutical Pellets Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharmaceutical Pellets Market
35. Pharmaceutical Pellets Market Future Outlook and Potential Analysis
36. Appendix
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Black Pellets are produced through torrefaction or steam exploded, during which water content, cellulose sugars, and other volatile organic compounds are removed from the biomass to produce a solid biofuel with characteristics similar to those of fossil coal.Black pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes.
The black pellet is mainly used for Power Generation, Other (Boiler household etc.).
And Power Generation is the largest usage with the share of about 97%.North America (USA and Canada) is the biggest producer for black pellets, and produced about 489 thousand MT (more than 60% of the global total) of Black pellets in 2017.
Europe is the other key producer of the Black pellets market with the share of about 34% in 2017.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-black-pellets-2019-2024-302Europe and North America are the two largest consumption markets of black pellets in the world in the past few years and it will keep the same position in the next years.
Sales volume of the Europe took up about 45.7% the global market in 2017 while North America took up about 49.1%.
And North America is the largest exporter of black pellets in the world at present.According to this study, over the next five years the Black Pellets market will register a 14.8% CAGR in terms of revenue, the global market size will reach US$ 450 million by 2024, from US$ 230 million in 2019.
