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Europe dominates the Pharmaceutical Excipients Market during the forecast period. It is expected to reach $2,528.75 million by 2023 at a CAGR of 7.2%. Germany is a major
market for development and sales of high end pharmaceutical products. The healthcare industry is also one of the most important markets in Germany. The excipients play an important role in creating oral formulations. They also act as protective agents, and can
improve the bioavailability of drugs in some cases. France is the largest consumer of pharmaceutical products. The pharmaceutical excipients are distributed throughout the country, but are more concentrated in some areas.
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The organic chemicals segment in 2016 generated revenue of $2,843.41 million. It is expected to generate $4,553.48 million by 2023 at a CAGR of 5.9%. Organic excipients are derived from plants and animals. They have properties such as
stability, non toxic nature, and availability, . Consumers now prefer natural ingredients in drugs and cosmetics as they believe that they are safer without side effects.
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Excerpts on Market Growth Factors
Growth of geriatric population enhances the demand for pharmaceutical excipients. Increasing expenses on healthcare by developing countries drive the growth of the Pharmaceutical Excipients Market.
Increasing demand for new drug delivery systems spurs the demand for pharmaceutical excipients.
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