Pharmaceutical Excipients Market Size, Share, Growth Analysis, By Product(Organic Chemicals, Inorganic Chemicals, Other Chemicals), By Functionality(Fillers & Diluents, Suspending & Viscosity Agents, Coating Agents, Binders), By Formulation(Oral Formulations, Topical Formulations, Parenteral Formulations, Other Formulations), By Functionality Application(Stabilizers, Taste Masking, Modified Release, Solubility & Bioavailability Enhancement), By Region - Industry Forecast 2024-2031

North America is estimated to lead the global pharmaceutical excipients demand outlook. Presence of key pharmaceutical excipients manufacturers, high demand for pharmaceuticals, and robust spending on medical research are key factors helping the dominance of this region. Rising popularity of biologics and generic drugs to reduce healthcare costs in this region is also expected to create new opportunities for pharmaceutical excipients companies in the future. Canada and the United States remain the top markets for pharmaceutical excipients companies in the North American region. Growing incidence of chronic illnesses in this region will also favor the demand for pharmaceutical excipients going forward. 

The Asia Pacific region is emerging as the fastest-growing market for pharmaceutical excipient companies in the world. Growing investments in healthcare infrastructure development and rapidly increasing geriatric population are contributing to high demand for pharmaceutical excipients in this region. Rising healthcare expenditure and growing pharmaceutical manufacturing are also estimated to create new opportunities for pharmaceutical excipients companies in this region. India, China, and Japan are the most opportune countries for pharmaceutical excipients providers in the Asia Pacific region.