Pharmaceutical grade lactose Market Research Report- forecast till 2025 Top Players: Kerry Inc. (Ireland), DFE Pharma (Germany), Meggle Excipients & Technology (Germany), Merck KGaA (Germany), Armor Pharma (France), ALPAVIT (Germany), BASF SE (Germany) and others
As per the research analysis, Global Pharmaceutical Grade Lactose Market is anticipated to exhibit a CAGR of 4.76% to reach USD 278.604 Million from 2019 to 2025. The Pharmaceutical grade lactose is extremely pure lactose extensively produced to meet the standards of identity and purity set down. Pharmaceutical grade lactose is created to meet rigid specifications, such as specific form and size distribution, monohydrate, crystalline, 40 mesh to 325 mesh, and a spray-dried mixture of crystalline and amorphous lactose for all applications.
Global Pharmaceutical Grade Lactose Market is expected to witness a healthy market growth owing to the rising demand for dry powder inhalers (DPI) products, compatibility with active ingredients and other excipients, and drug formulation coupled with nanotechnology. However, stringent government regulations and a lack of compatibility with amine-based drugs are expected to restrain the growth of the market during the review period.
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Global Pharmaceutical Grade Lactose Market has been classified into Type and Application. Based on type segment the global has been categorized into crystalline monohydrate lactose, inhalation lactose, granulated lactose, spray-dried lactose, and others. Crystalline Monohydrate Lactose has been further classified into α-Lactose monohydrate, and β-Lactose (anhydrous lactose). Whereas the Inhalation Lactose segment is further divided into Sieved and Milled.
In terms of the application segment, the global pharmaceutical grade lactose market has been classified into tablets manufacturing, capsule manufacturing, and others. The tablets manufacturing segment has been again divided into direct compression, wet granulation, and dry granulation. Capsule manufacturing is further classified into capsules, sachets, and others.
Geographically, the Global Pharmaceutical grade lactose market has been segmented into America, Europe, Asia-Pacific, and the Rest of the world.
Europe is expected to register the largest market share of the global pharmaceutical market owing to the presence of many major manufacturers and manufacturing associations in the region such as BASF Corporation, Merck KGaA, Kerry Inc., DFE Pharma, and others.
Asia-Pacific is expected to register as the second-largest market for Pharmaceutical grade lactose. As per the United Nations, across Asia, the number of people age 65 and above is expected to grow dramatically over the next 50 years. The population in this age group will increase by 314% from 207 million in 2000 to 857 million in 2050 in the region.
Americas is likely to exhibit the third-largest market for Pharmaceutical grade lactose due to the growing incidences of the population suffering from chronic obstructive pulmonary diseases (COPD). In 2018, approximately 9 million adults were diagnosed with chronic bronchitis in the US. COPD was the fourth leading cause of death in the US.
The Middle East and the rest of the world are anticipated to witness a rapidly expanding market in the Middle East and Africa owing to the increased prevalence of COPD and the existence of distributors and subsidiaries in the region.
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The Major Players of the Global Pharmaceutical Grade Lactose Market includes Kerry Inc. (Ireland), DFE Pharma (Germany), Meggle Excipients & Technology (Germany), Merck KGaA (Germany), Armor Pharma (France), ALPAVIT (Germany), BASF SE (Germany) and others.
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- Khudeja Sayyed