To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Oral Solid Dosage Pharmaceutical market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global oral solid dosage pharmaceutical market was valued at US$ 524.6 billion in 2021 and is expected to top US$ 1.03 trillion in value by the end of 2032, expanding rapidly at a CAGR of 6.4% over the 2022-2032 study period.
Revenue from the sales of oral solid dosage pharmaceuticals accounted for 23.8% share of the global pharmaceutical drug delivery market in 2021.
Data Points |
Market Insights |
---|---|
Oral Solid Dosage Pharmaceutical Market Size (2021) |
US$ 524.6 Billion |
Estimated Market Value (2022) |
US$ 555.3 Billion |
Forecasted Market Value (2032) |
US$ 1.03 Trillion |
Global Market Growth Rate (2022-2032) |
6.4% CAGR |
East Asia Market Share (2021) |
14.6% |
East Asia Market Growth Rate (2022-2032) |
7.4% CAGR |
China Market Growth Rate (2022-2032) |
8.3% CAGR |
Share of Top 5 Countries |
62.1% |
Key Market Players |
|
Oral solid dosage pharmaceuticals are final medication products that are consumed orally, broken down in the digestive tract, and then absorbed into the bloodstream. Oral solid doses are less expensive and simpler to produce than other dosage forms. They also provide important advantages such as trouble-free transport, packaging, and greater chemical & physical stability.
Low production cost is also contributing to market growth, especially in developing nations such as India due to collaborations with small-scale and medium-scale manufacturers. The production cost of oral solid dosage pharmaceuticals is low in India due to low and competitive land rates, availability of cheap labor, low-cost utilities, and affordable equipment. In developing regions, the labor cost is approximately 60% lower than in developed countries.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
The global oral solid dosage drugs market expanded at a CAGR of 5.8% over the last nine years.
Manufacturers are involved in developing new oral solid formulations of drugs to improve drug efficacy and enhance outcomes. New formulation designs are preferred by leading manufacturers for implementing a patient-centric approach to efficiently improve solid oral dosage formulation (SODF) administration in older patient populations.
Rise of usability and patient compliance is also a key aspect driving global demand for oral solid dosage medications and this is a key concern for drug producers. Modified release (MR) oral solid dosage solutions are experiencing a sharp increase in demand due to growing patient-centric drug demand.
By sustaining therapeutic blood concentrations for a longer period, modified release medications can prolong the time a medicine is active in the body. It is possible to postpone the effect until a medication reaches a particular location by using unique coatings.
There is a large number of products in the pipeline in the form of oral solid dosages with improved efficacy and outcomes. Various research institutions and companies are involved in the drug discovery process to expand the market for oral solid dosage pharmaceuticals.
Similarly, there are many other studies taking place related to oral solid dosage medicines to develop better drugs for various disease conditions. When these studies become successful and gain approval for commercialization, they will benefit companies by adding new segments to portfolios and generating more revenue.
Fact.MR, a market research and competitive intelligence provider, predicts that the global oral solid dosage pharmaceutical market will expand at a CAGR of 6.2% over the forecast period (2022-2032).
“Ease of Administration and Improved Patient Compliance”
Oral solid dosage pharmaceuticals are very convenient dosage forms with excellent bioavailability. Few oral solid dosage forms such as chewable tablets are gaining popularity at a high pace because they are user-friendly and convenient alternatives to conventional tablets. These have various other advantages such as less pain, ease of ingestion, and variety in accommodating various types of drugs.
Patient compliance, non-invasiveness, and ease of drug administration are factors that make oral solid dosage the most preferred dosage form. It is most commonly used for those conditions where the drug needs to be administered repeatedly and for a prolonged period. Apart from convenience and affordability, it is the safest form of drug dosage.
Manufacturers of oral solid drugs can attain considerable bioavailability by implementing cutting-edge drug delivery technology methods. For instance, tailored drug delivery and dose forms with prolonged release increase the bioavailability of medications and decrease the need for repeated medication administration.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
“Difficulty in Oral Delivery Biologics Limiting Market Growth”
Currently, biologics are one of the most promising candidates for therapy, but their delivery is difficult due to the size of their large and complex molecules. There are various challenges in the oral delivery of solid dosage drugs. The most prominent challenge of biologics oral delivery is the harsh acidic environment of the gastrointestinal tract, which contains enzymes intended to break down molecules.
In addition, biologics or macromolecules have to pass multiple layers lining the track to reach the systemic distribution, which results in a lower bioavailability of drugs. Demand for macromolecular drugs such as biologics is increasing rapidly with the increasing prevalence of chronic diseases such as diabetes.
Apart from this, low R&D expenditure in low- and middle-income countries is also restricting the growth of the market. High-income countries have realized the importance of R&D and have invested enormously in the sector. Emerging nations, however, are still far behind in recognizing the potential advantages that R&D could provide for economic expansion and national advancement.
The U.S. accounted for 93.6% of the North American oral solid dosage pharmaceutical market share in 2021 owing to the increasing number of oral solid dosage drug approvals in the country.
Approvals by the U.S. FDA are increasing and resulting in more products being launched, making the U.S a high revenue-generating country.
Also, the rise in awareness about health supplements, which generally come in tablets or capsules, offers lucrative opportunities for the U.S. market for oral solid dosage pharmaceuticals.
Germany accounted for 19.9% share in the Europe oral solid dosage pharmaceutical market in 2021.
Heart disease is one of the leading causes of death in Germany. Oral solid dosages are most commonly used for the treatment of heart diseases - use of Lotensin - benazepril (Rx) for the management of high blood pressure.
China accounted for 51.4% of the East Asia oral solid dosage pharmaceutical market at the end of 2021.
China provides medicines at very low prices due to the cost-effective drug production in the country. Low production cost is possible because top pharmaceutical companies have lowered the cost of drugs in China by an average of 61%. This is primarily due to the revised reimbursement scenario in the country.
For instance, pharmaceutical companies such as Roche and Novartis have decided to lower the cost of several of their newest medications in China. This helps the country in selling a high number of drugs to patients and increasing its presence in the global market.
By dosage form, tablets accounted for the highest market share of 53.1% in 2021. The segment is expected to expand at 7.1% CAGR over the forecast period.
The most popular form of an oral solid dose is a tablet. These are affordable, secure, and efficient means of delivering oral medications, which is why their demand is so high in the market.
By drug release mechanism, immediate release contributed the highest market share of 57.9% in 2021. The segment is expected to expand at 6.1% CAGR over the decade.
Immediate release tablets/capsules held the highest market share in 2021 because these are used to release the medication for absorption and subsequent pharmacologic action. It results in quick action and early pain relief.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
Key manufacturers of oral solid dosage pharmaceutical products are actively focusing on the expansion of their portfolios by gaining approvals for their new products and entering into partnerships with leading companies.
Similarly, recent developments related to companies manufacturing oral solid dosage pharmaceuticals have been tracked by the team at Fact.MR, which are available in the full report.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
The global oral solid dosage pharmaceutical market was worth US$ 524.6 billion in 2021.
The global market for oral solid dosage pharmaceuticals is expected to reach US$ 1.03 trillion by 2032.
Revenue from solid dosage drugs increased at 5.8% CAGR from 2012 to 2021.
The U.S., China, Japan, India, and Germany account for the most sales of oral solid dosage pharmaceuticals.
The U.S. accounted for 93.6% share of the North American market in 2021.
The Europe market is predicted to expand at 5.9% CAGR over the decade.
The South Korean oral solid dosage pharmaceutical market is expected to exhibit 5.9% CAGR, while the market in Japan is set to expand faster at 6.5% CAGR through 2032.
The South Asian market is predicted to expand at 7% CAGR over the forecast period.