According to the latest report published by Credence Research, Inc. “Pharmaceutical Hot Melt Extrusion Equipment Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global pharmaceutical hot melt extrusion equipment market was valued at US$ 26.1 Mn in 2016, and is expected to reach US$ 39 Mn by 2025, expanding at a CAGR of 4.5% from 2017 to 2025.
The use of hot melt extrusion technology in pharmaceutical application is steadily increasing due to its ability of manufacture novel drugs with improved bioavailability. Development of novel drugs with challenged solubility and bioavailability has urged the adoption of HME process in drug-delivery systems, particularly in solid dosage forms and transdermal patches. Hot melt extrusion involves the application of heat, agitation and pressure through extrusion channel for mixing materials and forcing them into desired form. Growth in number of novel drugs with challenged bioavailability and the urgency for introducing such drugs in the market are the key drivers contributing to the growth in demand for hot melt extrusion in pharmaceutical application.
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The qualitative study of drivers and limitations of Pharmaceutical Hot Melt Extrusion Equipment Market
Key players in the global Pharmaceutical Hot Melt Extrusion Equipment Market Include Baker Perkins Ltd., Coperion GmbH, Gabler GmbH & Co. KG, Milacron Holdings Corp., Leistritz Advanced Technologies Corp., Thermo Fisher Scientific, Inc. and Xtrutech Ltd.
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as the single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available.
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