Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
According to the report “Latin America Superdisintegrants Market By Product Type (Natural Superdisintegrants, Synthetic Superdisintegrants (modified Starch, Crospovidone, Modified Cellulose, Ion Exchange Resins And Calcium Silicates), And Others), By Application (Capsules And Tablets), By Therapeutic Area (gastrointestinal Diseases, Neurological Diseases, Oncology, Infectious Diseases, Cardiovascular Diseases, Haematological Diseases, And Inflammatory Diseases), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Latin America Superdisintegrants Market was worth USD 34.33 million in 2016 and estimated to be growing at a CAGR of 7.93%, to reach USD 50.3 million by 2021. Increasing healthcare expenditure and healthcare awareness among individuals has accounted for the growth of this market.
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Tablet based (Oral) drug administration is the most common way to drug delivery. Most of the common medicines are orally delivered.
Excipients are the substances that make up the rest of tablet other than the medicating substance itself, it is used for long term stabilization and bulking up solid contents. One of the types of excipients is superdisintegrants which accelerate the dissociating and dissolving ability of the tablet in the presence of water for a speedy drug delivery.
Primary factors involved in driving the market forward are growing generic drugs market, development of new superdisintegrants in pharmaceutical industry and growing population of geriatric and paediatric patients. However, the markets growth is confined by the declining financial support for R&D fields.
Although synthetic superdisintegrants have been the standard for many decades now, greater research into natural superdisintegrants will provide a motivation for the future growth of the market.
The Latin America Superdisintegrants market is segmented based on Product type, application and therapeutic area. Based on crop type – Natural and Synthetic Superdisintegrants.
Synthetic Superdisintegrants are further segmented into modified starch, crospovidone, modified cellulose, ion exchange resins and calcium silicates. Based on Application – Tablets and Capsules.
Based on Therapeutic Area – gastrointestinal diseases, neurological diseases, oncology, infectious diseases, cardiovascular diseases, haematological diseases, and inflammatory diseases.
Based on Geographical analysis the market is separated into regions of Argentina, Brazil, Mexico and Rest of Latin America. Brazil is leading the market while Argentina is at second place.
Large population and increasing healthcare investments and health awareness among individuals has helped Brazil to hold major share in the market. Argentina is expected to grow the fastest due to increasing healthcare spending, rising healthcare infrastructure and awareness and increasing outsourcing of excipient manufacturing.
The synthetic superdisintegrant market segment held the largest share of the Latin America superdisintegrants market. This is mainly accounted to the prevalent use of excipients such as sodium starch glycolate, and crospovidone in orally and fast disintegrating tablets.
Rising incidences of cardiovascular diseases, neurological diseases, and other related diseases are further expected to drive the demand of fast disintegrating tablets, in-turn driving demand of superdisintegrants during the forecast period.
Some of the key players dominating this market include Ashland, BASF SE, FMC Corporation, JRS Pharma, DFE Pharma, Roquette, The Dow Chemical Company, Asahi Kasei Corporation, Nippon Soda Co., and Huber Corporation.
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