The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The pharmaceutical pellets market has experienced rapid expansion in recent years, driven by advancements in oral dosage forms and a focus on patient compliance. Projections indicate continued growth, propelled by the rising prevalence of chronic diseases and innovative product developments.

Rising Prevalence of Chronic Diseases to Propel Market Growth

• The increasing incidence of chronic diseases is expected to drive demand for pharmaceutical pellets.
• Pharmaceutical pellets offer benefits such as improved drug absorption and reduced digestive issues, particularly beneficial for long-term treatments.
• By 2050, individuals aged 50 years and older with at least one chronic illness are projected to increase by 99.5%, highlighting the growing need for effective treatment options.

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Product Innovations Transforming the Market

• Product innovation is a key trend in the pharmaceutical pellets market, with companies focusing on developing new formulations to meet evolving consumer needs.
• Gilead Sciences Inc.’s approval for the oral pellet version of Epclusa by the FDA showcases the importance of product innovation in addressing specific patient populations, such as children with chronic hepatitis C infection.

Colorcon Inc. Strengthens Pharmaceutical Portfolio

• In March 2023, Colorcon Inc. bolstered its pharmaceutical portfolio with the acquisition of Airnov Healthcare Packaging, enhancing its controlled atmosphere solutions.
• The acquisition adds critical capabilities in moisture and oxygen protection solutions, expanding Colorcon’s platform of stability and moisture management offerings for the pharmaceutical industry.

Market Segmentation and Regional Outlook

• The pharmaceutical pellets market is segmented based on technology, mechanism of action, technique, and end-user.
• Technologies include extrusion, fluid bed granulation, spray drying, among others, catering to diverse manufacturing needs.
• North America currently leads the market, with Asia-Pacific expected to witness the fastest growth in the forecast period, driven by increasing pharmaceutical manufacturing activities.

Conclusion

The pharmaceutical pellets market is poised for significant growth, fueled by the rising prevalence of chronic diseases and ongoing product innovations. Companies are continuously striving to develop advanced formulations to enhance drug delivery and patient outcomes. With strategic acquisitions and investments, stakeholders are positioning themselves to capitalize on emerging opportunities in this dynamic market landscape.

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