Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Oct 3, 2022--
The "Pharmaceutical Glycerin Based Products Market By Drug Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The Pharmaceutical Glycerin Based Products Market size was valued at $34.6 billion in 2020, and is estimated to reach $61.6 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030.
Key Market Players
Pharmaceutical glycerin is an organic compound known as glycerol and glycerin and is majorly used as an excipient in the pharmaceutical industry. Glycerin exhibits various benefits in medical and pharmaceutical preparations, such as improving smoothness, lubrication, and humectant. It is most commonly utilized in the formulation of suppositories, cough syrups, elixirs, and expectorants.
As an individual prescription product, glycerin has been used as a hyperosmotic, osmotic diuretic, and ophthalmic agent. It may be used as an eye drop in the treatment of glaucoma to reduce intraocular pressure, as a solution or suppository for short-term treatment of constipation, to evacuate the bowel prior to colonoscopy, and in some ocular surgeries. It may be given intravenously to reduce pressure inside the brain and used externally on the skin as a moisturizer. Glycerin has many other uses in the agricultural, food, and pharmaceutical industries.
An increase in the adoption of pharmaceutical glycerin products is due to an increase in the use of glycerin in various products. As glycerin is used as excipients in pharmaceutical products, the demand for these products globally is expected to drive the pharmaceuticals glycerin-based products market.
Furthermore, an increase in the use of glycerin as a substitute for alcohol in herbal and botanical tincture preparation is anticipated to drive the market. In addition, the increase in the adoption of glycerin in the pharmaceutical industry owing to its low cost and various medical benefits, such as moisturizers in skin burns & minor skin irritations are the key factors that drive the growth of the market in the upcoming year..
The pharmaceutical glycerin-based product market is segmented on the basis of drug type and region. On the basis of drug type, the market is divided into dermatological, ophthalmic, cough remedies glycerin rectal, and angina. On the basis of region, the pharmaceutical glycerin-based product market is divided across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
Key Market Segments
By Drug Type
By Region
For more information about this report visit https://www.researchandmarkets.com/r/dpifcv
View source version on businesswire.com:https://www.businesswire.com/news/home/20221003005500/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: HEALTH GENERAL HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/03/2022 06:16 AM/DISC: 10/03/2022 06:17 AM
http://www.businesswire.com/news/home/20221003005500/en