SUGAR-BASED EXCIPIENTS MARKET ANALYSIS
Sugar-based Excipients Market Regional Insights
On the basis of region, the global sugar-based excipients market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America sugar-based excipients market is expected to hold a dominant position over the forecast period, owing to increased usage for generic drugs in the region. Increasing investments in drug development and rising production of generic drugs will drive growth of sugar-based excipient market in Europe. Significant growth in the healthcare and pharmaceutical industry, favorable government policies, low-cost manufacturing, and increasing demand for generic drugs, especially in emerging economies directly contributes to the market growth. According to the Food and Drug Administration (FDA) data, in 2017, Indian firms received around 40% of the new U.S. approvals for generics with a wider base of companies.
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