San Francisco, 12 February 2019: The Report Pharmaceutical Grade Lactose Market Size, Share & Trends Analysis Report By Region
(North America, Europe, Asia Pacific, Central & South America, Middle East
& Africa), And Segment Forecasts, 2019 - 2025
The global pharmaceutical grade lactose market size is expected to reach USD 254.8 million by 2025 at a
4.6% CAGR during the forecast period, according to a new report by Grand View
Research, Inc. Rising inclination toward preventive healthcare across the globe
is estimated to boost product use over the forecast period.
Increasing investments by local and foreign
players in the pharmaceutical manufacturing sector, especially in developing
economies such as India and Brazil, is expected to have a positive influence on
industry growth. Furthermore, increased access to medication through generic
drug production and development of innovative treatments for chronic diseases
has resulted in the growth of the drug manufacturing industry, thereby
propelling product demand.
Raw material prices and operational and
transportation costs are key factors that define final product price. Intense
competition in the industry is expected to put pressure on prices, resulting in
a decline in product price. In addition, higher product prices have lowered
buyers’ interest, owing to availability of substitutes, which is also expected
to hamper growth.
Stringent government regulations associated
with the use of pharmaceutical grade lactose are expected present a barrier to
entry of new players in the market. In addition, high initial cost and
operation cost associated with production machinery is expected to further
discourage new entrants, thereby lowering their threat.
The industry is characterized by presence
of major industry players focussing on research and development activities in
order to reduce overall manufacturing cost by using innovative techniques.
Participants have been adopting competitive strategies such as setting up new
manufacturing facilities to magnify their regional presence.
Access Research Report of Pharmaceutical Grade Lactose Market
@ www.grandviewresearch.com/industry-analysis/pharmaceutical-grade-lactose-market
Further key findings from the report suggest:
· Europe dominated the industry in 2017 in
terms of product consumption and was valued at USD 74.7 million owing to
increasing product adoption and well-established pharmaceutical industry
· Asia Pacific accounted for 33.4% of the
total revenue in 2017, owing to government initiatives to provide affordable
prescription drugs and highest number of FDA-approved pharmaceutical lactose
products in the region
· The industry is characterized by increasing
integration across the value chain, with participants looking to expand their
footprint and strengthen their position in both manufacturing and distribution
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the
global pharmaceutical grade lactose market on the basis of region:
Pharmaceutical Grade Lactose Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Pharmaceutical Grade Lactose Market@ www.grandviewresearch.com/press-release/global-pharmaceutical-grade-lactose-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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