Pharmaceutical Intermediate Market | Exactitude Consultancy Reports
Exactitude Consultancy Latest Published Pharmaceutical Intermediate Market Research Report 2022 by Type (GMP, and Non GMP), Application (Antibiotics, Antipyretic, Analgesics, Vitamins, and Others), and by Region, Global Trends and Forecast from 2023 to 2026
The Global Pharmaceutical Intermediates Market is expected to grow at more than 7.3% CAGR from 2023 to 2026. It is expected to reach above USD 73 billion by 2026 from a little above USD 48 billion in 2022.
On the basis of Type, Pharmaceutical Intermediates is segmented in terms of GMP and Non GMP. GMP products are manufactured in the controlled atmosphere according to quality standards prescribed b according to quality standards prescribed by the international institutions. Major risks include unexpected product expectation which can result in adverse health condition and not following guidelines for packaging. Whereas Non GMP practices are adopted for pre-clinical and toxicological studies in order to assess the technical feasibility and formulation and further scale up to clinical and commercial manufacturing
On the basis of application, the global Pharmaceutical Intermediates market is segmented into antibiotic, vitamins, antipyretic analgesics, and others. Antibiotics are used to fight bacterial infections and variety of antibiotics are available depending on their range of applications. The market for antipyretic analgesics is growing with increase in geriatric population who is suffering from arthritis, toothache and other disorders. Similarly, vitamins demand also increasing with rising awareness of healthy dietary practices. Other application of pharmaceutical intermediates includes in cardiovascular drugs, oncology drugs, neurological drugs etc.
Few of the important market players include Lonza, Catalent, Patheon N.V, Jubilant Ingrevia, Ganesh Chemical, Chemcon, BASF, Lianhetech, ABA Chem, Porton, Jiansu Jiu Technology, and Tianma among others
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