Oral Solid Dosage Pharmaceutical Market Landscape Dominated By Immediate Drug Release Mechanism: Fact.MR Study
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
- By dosage form, tablets held the largest market share of 53.1% in 2021.
- By drug release mechanism, immediate-release held the largest market share of 57.9% at the end of 2021.
- By distribution channel, hospital pharmacies accounted for the largest market share of 33.5% in 2021.
- North America held the largest share of 43.8% in the global oral solid dosage pharmaceutical market in 2021.
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.
- On April 5, 2022, the FDA gave accelerated approval to Novartis Pharmaceuticals’ alpelisib for adult and pediatric patients with severe symptoms of PIK3CA-related overgrowth spectrum (PROS) who require systemic therapy.
- On March 11, 2022, AstraZeneca’s olaparib received FDA approval for the treatment of deleterious germline BRCA-mutated (gBRCAm) human epidermal growth factor receptor 2 (HER2)-negative with a high risk of early breast cancer in adults.
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Competitive Landscape
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.
- In January 2022, Eli Lilly and Company collaborated with Entos Pharmaceuticals to improve the development of innovative therapies in multiple neurologic indications.
- In December 2021, Merck and Ridgeback announced U.S. FDA emergency use authorization for Molnupiravir for providing treatment to adults with mild to moderate risk of COVID-19.
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
- By 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
- Tablets
- By Drug Release Mechanism:
- Immediate Release
- Delayed Release
- Controlled Release
- By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
- Hypermarkets / Supermarkets
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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More Market Insights Available
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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Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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