MOUNTAIN VIEW, Calif., June 25, 2013 /PRNewswire/ -- Best-selling drugs with a combined worth of $73.85 billion that include Lipitor, Actos and Plavix are expected to lose patent protection in the United States by 2017. As a result, an influx of generic manufacturers and an increased volume of new drugs is expected in the market, thus sustaining the demand for oral solid drug dosage excipients in North America. These inert substances serve as vehicles for active ingredients in drugs and include binders and fillers, disintegrants, coatings, flavors, colors, sweeteners, glidants, adhesives and lubricants.
New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Analysis of the North American Oral Solid Drug Dosage Excipients Market, finds that the market earned revenue of $1.19 billion in 2012 and estimates this to reach $1.70 billion in 2019 at a compound annual growth rate of 5.4 percent.
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"The need to improve drug manufacturing processes and the quality of drug formulations has led to the production of multi-functional excipients with better manufacturing accuracy and purity," said Frost & Sullivan Chemicals, Materials and Food Industry Analyst Dr. Nandhini Rajagopal, Ph.D. "The upcoming cost-effective tablet processing method, in particular, will require excipients with excellent functionalities and improved physical and chemical properties."
Cost containment efforts by the governm
|SOURCE Frost & Sullivan|
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