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Pharmaceutical Suspension Market by Type (Oral Suspension and Parenteral Suspension), Proportion of Solid Particles (Dilute Suspension and Concentrated Suspension), Electrokinetic Nature (Flocculated Suspension and Deflocculated Suspension), Size of Solid Particles (Colloidal Suspension, Coarse Suspension, and Nano Suspension), and End User (Hospitals, Home Care Settings, Clinics, and Diagnostic Centers): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12351
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Sep 2021 | 34 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A pharmaceutical suspension is a dispersion of insoluble particles in a liquid medium. Pharmaceutical suspensions form a crucial class of pharmaceutical dosage forms. Various advantages of pharmaceutical suspensions include effective dispensing of different hydrophobic drugs, masking unpleasant taste of some ingredients, offering resistance to drug degradation due to oxidation, hydrolysis or microbial activity, efficient intramuscular depot therapy, and easy swallowing for pediatric and geriatric patients. In addition, pharmaceutical suspensions can incorporate a higher concentration of drugs than solution dosage forms.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2028

 Base Year Considered

 2020

 Forecast Period

 2021–2028

 Forecast Unit

 Value (USD)

 Segments Covered

Type, Proportion of Solid Particles, Electrokinetic Nature, Size of Solid Particles, End User, and Region

 Regions Covered

North America, Europe, Asia-Pacific, and LAMEA

 Companies Covered

Johnson & Johnson, Inc., F. Hoffman-La Roche, Merck & Co., Inc., Bayer AG, Pfizer, Inc., Novartis AG, 3M Company, Becton, Dickinson and Company, GlaxoSmithKline Plc, and Antares Pharma, Inc. 

 

COVID-19 Impact Analysis

COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.

However, with COVID-19 the supply chain of raw materials required to manufacture pharmaceutical suspensions has been disrupted in many countries. In addition, the market growth of pharmaceuticals is declining, as manufacturers of drugs have slowed down their production due to the pandemic. This, in turn, is expected to have a significant impact on the pharmaceutical suspension market.

Top Impacting Factors

Suspensions are usually made with the drugs such as prednisolone that are insoluble or poorly soluble in aqueous solutions. This helps them get properly delivered to the target site. Suspensions can help with the absorption of such drugs, which is a key factor positively influencing the growth of the market.

Suspensions can be used for a topical application. This is the case with the calamine solutions. With a rise in cases with dermatological issues, the use of calamine lotions has increased. Therefore, this factor has further contributed toward the growth of the pharmaceutical suspension market.

In addition, pharmaceutical suspensions are prepared to mask the unpleasant or bitter taste of drugs. Drugs formulated in suspensions are more palatable. With this, pediatricians can easily prescribe drugs to children. Hence, this factor is augmenting the growth of the pharmaceutical suspension market.

However, the formulation of pharmaceutical suspensions is bulky and difficult to formulate. In addition, sedimentation of suspensions can occur while handling. These factors together impede the growth of the pharmaceutical suspension market.

Key Market Trends

The hospital segment is anticipated to garner a large share in the pharmaceutical suspension market, owing to the significant number of inpatient and outpatient visits and the requirement of a large volume of drugs, which often include pharmaceutical suspensions to cater during the treatment process.

North America is expected to lead the pharmaceutical suspension market. This can be attributed to the region's rising prevalence of chronic diseases and the presence of key players in the pharmaceutical suspension market.

Key players of the global pharmaceutical suspension market are focusing on extending their product portfolios and increasing the number of their pharmaceutical suspension manufacturing facilities.

Asia Pacific is expected to hold a major share of the pharmaceutical suspension market during the forecast period, owing to increasing number of pediatric patients who are often being prescribed syrups in the form of suspensions.

Key Segments Covered

Segment

Subsegments

 Type

  • Oral Suspension
  • Parenteral Suspension

 Proportion of Solid Particles

  • Dilute Suspension (2 to 10% w/v solid)
  • Concentrated Suspension (50% w/v solid)

 Electrokinetic Nature

  • Flocculated Suspension
  • Deflocculated Suspension

 Size of Solid Particles

  • Colloidal Suspension (< 1 micron)
  • Coarse Suspension (>1 micron)
  • Nano Suspension (10 nanograms)

 End User

  • Hospitals
  • Home Care Settings
  • Clinics
  • Diagnostic Centers

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the pharmaceutical suspension industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Pharmaceutical Suspension Report

  • Which are the leading players active in the pharmaceutical suspension market?
  • How is each segment of the market expected to grow during the forecast period?
  • What are the adoption trends for the pharmaceutical suspension market in emerging economies and established economies across the world?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps in the market?
  • What are the impacts of COVID-19 on the industry?
  • What is pharmaceutical suspension?
  • What are the current and predicted trends of the market?
 
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