The global multiple unit pellet systems market is witnessing a period of remarkable growth, with its valuation reaching USD 3.6 billion in 2023. According to recent projections, this market is poised to continue its upward trajectory, achieving an impressive value of USD 5.2 billion by the end of 2033. This growth represents a Compound Annual Growth Rate (CAGR) of 3.6%, underscoring the increasing demand and adoption of MUPS in pharmaceutical applications.
MUPS are at the forefront of a revolutionary shift in drug delivery systems, particularly in capsule form. Unlike traditional suspension-based medications, MUPS offer enhanced physicochemical stability and improved ease of ingestion. This innovative approach involves a diverse array of pelletized dosage forms, including pellets, granules, microcapsules, microspheres, and minitablets. These forms allow for better control over drug release profiles, improving patient compliance and therapeutic outcomes.
Dive into the Forecasted Expansion of the Multiple Unit Pellet Systems Market Sample Reports
The remarkable growth in the MUPS market is driven by the increasing demand for more efficient and patient-friendly drug delivery systems. With their ability to enhance stability and bioavailability, MUPS are becoming increasingly popular among healthcare providers and patients alike.
As the market continues to expand, key players in the pharmaceutical industry are expected to invest in research and development to further enhance the capabilities and applications of MUPS. This will likely lead to even greater advancements in drug delivery technologies, benefiting patients worldwide.
Regional Outlook:
The multiple unit pellet systems industry in North America was controlled by Americans. Due to the rising incidence of gastrointestinal disorders and the rising need for gastro-resistant medications, market growth in the United States is predicted to soar throughout the projected period.
India may have strong CAGR growth between 2023 and 2033. India’s manufacturers are investing more in research and development due to the demand for improved pharmaceuticals.
During the anticipated period, China is anticipated to have significant expansion in the East Asia multiple unit pellet systems industry. As a result of its effective drug production, China sells medicines for incredibly low prices.
Key Takeaways:
- The extended-release dosage form segment in the formulation category to grab a share of 47.23% from 2023 to 2033.
- In the dosage form category, the capsules segment acquired a market share of 47.31% between 2023 and 2033.
- The United States multiple unit pellet systems business to acquire a share of 27% by 2023.
- The Germany MUPS industry is to grab a share of 5.2% by 2023.
- Japanese multiple unit pellet systems (MUPS) market to hold a share of 5.6% by 2023.
- Australia MUPS market to acquire a share of 1.8% by 2023.
- Chinese multiple unit pellet systems business to expand at a CAGR of 4.4% through 2033.
- India multiple unit pellet systems industry is to develop at a CAGR of 5.6% from 2023 to 2033.
- United Kingdom MUPS market to evolve at a CAGR of 3.9% through 2033.
- The North America MUPS industry to grab a share of 29.6% by 2023.
- Europe multiple unit pellet systems industry to hold a share of 25.9% by 2023.
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Competitive Landscape:
Companies are working on obtaining fast-track drug approvals in an effort to diversify their product offerings and establish a strong presence in the multiple unit pellet systems industry.
To increase their market share, these multiple unit pellet systems manufacturers are engaging in several crucial strategies, such as mergers and acquisitions, new product launches, collaborations, research and development expenditure, distribution network expansion, and partnerships.
Companies offer their goods through a variety of channels, including e-commerce websites, retailers, distributors, corporate websites, and final customers.
Recent Development:
- In May 2023, PERRIGO reported that the United States FDA had approved the 20 mg over-the-counter (OTC) mini capsules of meprobamate magnesium. To cure persistent heartburn, take this pill. The item is to be offered for sale under the retailer’s store brand, which is similar to Prilosec OTC.
Vital Multiple Unit Pellet System Manufacturers:
- AstraZeneca plc
- Merck KGaA
- Janssen Pharmaceuticals, Inc. (Johnson & Johnson)
- Galderma SA
- Novartis AG
- GlaxoSmithKline Plc
- Perrigo Company Plc.
- Cipla Ltd.
- Astellas Pharma Inc.
- Takeda Pharmaceutical Company Ltd.
- Eli Lilly and Company
- Dr. Reddy’s Laboratories Ltd.
- Endo International Inc.
- Mylan Pharmaceuticals Inc.
- Teva Pharmaceuticals Ltd.
- AbbVie (Allergan)
- GlaxoSmithKline Plc
- Bayer AG
Key Segments:
By Formulation:
- Extended Release Dosage Form
- Delayed Release Dosage Form
- Delayed Release Orodispersible Dosage Form
- Others
By Dosage Form:
- Tablets
- Capsules
- Sachets
- Others
By Drug Class:
- Anti-Hypertensive
- Proton Pump Inhibitors
- Antibiotics
- Analgesics
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Pharmacies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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