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Glucose excipients are commonly used as fillers, binders, and disintegrants in pharmaceutical and medical device manufacturing. They impart properties like stability, shelf-life and biocompatibility to medical devices and drug formulations. Glucose excipients are primarily used in oral solid dosage forms like tablets, capsules, solid dispersions, and also for gelatin casings used in soft gel capsules. They are widely utilized in dental materials and implants due to their ability to promote soft tissue healing and biocompatibility.
The global glucose excipient market is estimated to be valued at US$ 5,863.3 million in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The growth of the market is attributed to the increasing demand for biocompatible and biodegradable materials from the medical device industry. Glucose excipients facilitate tissue regeneration and wound healing as the body absorbs and utilizes glucose, making them suitable for various implantable and insertable medical devices.
Market Dynamics:
One of the key drivers for the glucose excipient market is the increasing demand for biocompatible medical devices. Glucose excipients impart properties like biodegradability, bioresorbability and tissue compatibility desired for medical implants, prosthetics, dental fillings and bone grafts. They promote tissue integration and healing at the implant site. As glucose gets absorbed by the body after serving its purpose as an excipient, it reduces risks of long term tissue inflammation or rejection. This makes glucose excipients highly preferable for developing novel bioengineered medical devices and regenerative medicine products. Another driver is the growing need for advanced drug delivery formulations. Pharmaceutical manufacturers are increasingly utilizing modified or amorphous forms of glucose like solid dispersions to enhance the solubility and bioavailability of poorly soluble drug molecules. This is expected to boost the demand for specialized glucose excipients with properties like stability and controlled release.
Segment Analysis
The global glucose excipient market can be segmented based on product type, end use, application, and region. Based on product type, the glucose-based excipient segment holds the highest market share and is expected to register high growth throughout the forecast period. Glucose excipients are widely used in solid oral formulations due to their low processing cost and compatibility with other products.
PEST Analysis
Political: Regulations around food safety and product quality set by regulatory bodies like FDA influence the demand for pure and standardized excipients.
Economic: Growing pharmaceutical industry and rising income levels in developing nations drive the growth of glucose excipients market.
Social: Increasing health awareness and focus on preventive healthcare boost the sales of oral medications which use glucose excipients.
Technological: Advanced processing technologies help manufacturers produce purified glucose excipients with controlled properties suitable for various drug delivery applications.
Key Takeaways
The global glucose excipient market is expected to witness high growth at a CAGR of 8.0% during the forecast period of 2023 to 2030.
Regional analysis indicates Asia Pacific as the fastest growing regional market attributed to rising chronic disease prevalence and growing generic drugs industry in China and India.
Key players operating in the glucose excipient market include Polident D.O.O., Amt Medical SRL, Ivoclar Vivadent, VITA Zahnfabrik H. Rauter GmbH & Co. KG., Merz Dental GmbH, 3D Diagnostix Inc., Medical Precision Implants, FSM Dental Medikal Mak. San. Tic. Ltd. Sti., Yamahachi Dental Mfg., Co.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
