According to QY Research Medical, the Pharmaceutical Glycerin Based Products Market size was reached at $34.6 billion in 2020 and is projected to hit $61.6 billion by 2030, growing at a CAGR of 6 % from 2021 to 2030.
According to QY Research Medical, the Pharmaceutical Glycerin Based Products Market size was reached at $34.6 billion in 2020 and is projected to hit $61.6 billion by 2030, growing at a CAGR of 6 % from 2021 to 2030.
Pharmaceutical glycerin is an organic compound known as glycerol and glycerin and is majorly used as an excipient in the pharmaceutical industry. Glycerin exhibits various benefits in medical and pharmaceutical preparations, such as improving smoothness, lubrication, and humectant. It is most commonly utilized in the formulation of suppositories, cough syrups, elixirs, and expectorants.
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The global pharmaceutical glycerin-based product market is driven by the application of glycerin in the treatment of increased eye pressure conditions, such as glaucoma, and during eye surgery fuels the market growth. Furthermore, an increase in the use of glycerin as a substitute for alcohol in hand sanitizers is anticipated to drive the market. In addition, the increase in adoption of glycerin in the pharmaceutical industry owing to its low cost and various medical benefits, such as moisturizer in skin burns & minor skin irritations, and use in the treatment of constipation are the key factors that drive the growth of the market. Moreover, it also exerts osmotic diuretic properties that support the management of cerebral edema and reduces cerebrospinal pressure and intraocular pressure. However, the adverse effects of pharmaceutical glycerin, such as diarrhea, polyuria, nausea, dry mouth, and others hinder the market growth. Ongoing R&D activities related to pharmaceutical glycerin are anticipated to present new Pharmaceutical Glycerin Based Products Market opportunity.
The Pharmaceutical Glycerin Industry market is segmented on the basis of drug type and region. On the basis of drug type, the market is divided into dermatological, ophthalmic, cough remedies glycerin rectal, and angina. On the basis of region, the pharmaceutical glycerin-based product market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Drug Type Segment Review
Based on drug type, into dermatological, ophthalmic, cough remedies glycerin rectal and angina. The dermatological segment generated the highest revenue in 2020 and is expected to maintain its dominance during the forecast period. This is attributed to an increase in the prevalence of skin diseases, such as acne, atopic dermatitis, skin cancer, and rosacea, and a rise in demand for topical dermatological products, which are the key factors driving the Pharmaceutical Glycerin Based Products Market growth. However, the glycerin rectal segment is expected to register the highest growth rate during the forecast period.
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By Region Segment Review
Region-wise, the Pharmaceutical Glycerin Based Products Market analysis is done across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest Pharmaceutical Glycerin Based Products Market share in 2020. The growth can be attributed to the rapidly increasing consumption of pharmaceutical glycerin-based products in countries, such as China, India, and South Korea.
The key players operating in the global pharmaceutical glycerin-based product market include Johnston & Johnson, Abbott, AbbVie Inc. Bausch Health Companies Inc, Takeda Pharmaceutical Companies, The Dow Chemical Company, Dupont, Emery Oleochemicals, Croda International Plc, and Lonza.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pharmaceutical glycerin-based products market analysis from 2020 to 2030 to identify the prevailing pharmaceutical glycerin-based products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pharmaceutical glycerin-based products market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pharmaceutical glycerin based products market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
- By Drug Type
- Dermatological
- Opthalmic
- Cough Remidies
- Glycerine Rectal
- Angina
- By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
- North America
Key Market Players
- Johnson and Johnson
- Abbott Laboratories
- AbbVieInc
- Bausch Health Companies Inc.
- Takeda Pharmaceutical Company
- Takeda Pharmaceutical Company Ltd
- The Dow Chemical Company
- dupoint
- Emery Oleochemicals
- Croda International plc
- Capsugel
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QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).
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