Global Pharmaceutical Hot Melt Extrusion Market: Snapshot
The global market for pharmaceutical hot melt extrusion has gained a significant momentum, thanks to the versatile usage of the extrudate. The upswing in the popularity of hot melt extrusion, on account of the increasing awareness among consumers regarding the benefits it offers compared to the conventional processing techniques, such as reduced time to market and optimized product efficiency, is also supporting the growth of this market substantially.
On the other hand, the rising concerns over the quality and the non-compliance of regulatory requirements have been restraining the market’s progression. Apart from this, the inadequacy of the formulation due to the properties of API and incompetence in delivering on-time supplies may also restrict this market from growing steadily in the near future.
The opportunity in the global market for pharmaceutical hot melt extrusion is likely to increase from a value of US$26.6 mn in 2015 to US$36.4 mn by 2024, swelling at a CAGR of 3.90% during the period from 2016 to 2024. In terms of volume, the market is expected to expand at a CAGR of more than 4.7% over the same period of time.
Strong Presence of Established Players to Ensure North America’s Dominance
On the regional front, the worldwide market for pharmaceutical hot melt extrusion has been categorized into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. With a share of nearly 38%, North America led the global market in 2015. Thanks to the presence of a number of established players, this regional market is likely to continue to dominate over the next few years.
Europe has also been witnessing steady growth in its market for pharmaceutical hot melt extrusion and is expected to remain so due to the high demand for improved medical equipment and the increasing adoption of extruders. However, it is Asia Pacific, which will exhibit the most prominent growth rate over the forthcoming years.
The increasing research and development initiatives and the improving situation of the healthcare facilities in emerging economies, such as China, India, and Japan, Asia Pacific is likely to boost the Asia Pacific market for pharmaceutical hot melt extrusion in the near future. The increasing standard of medical and healthcare infrastructure and the rising number of government initiatives is also projected to reflect positively on this regional market in the years to come.
Demand for Twin Screw Extruders to Remain High
Based on the type of products, the global pharmaceutical hot melt extrusion market is classified into single screw extruder, twin screw extruder, laboratory extruder, and RAM extruder. Among these, the twin screw extruders segment is the key contributor to this market currently and is anticipated to remain enjoying most prominent demand over the coming years. Laboratory extruders, among other products, are likely to demonstrate a greater rate of demand in the near future.
At the forefront of the global pharmaceutical hot melt extrusion market are Baker Perkins Ltd., Coperion GmbH, Gabler GmbH & Co. KG, Leistritz AG, Milacron Holdings Corp., Thermo Fisher Scientific Inc., and Xtrutech Ltd.
Pharmaceutical Hot Melt Extrusion Market to Thrive on Rise in the Number of New Drugs with Low Bioavailability
The method of applying heat and pressure to melt a polymer and then pushing it into an orifice in a continual process is known as hot melt extrusion. In the food, plastic, and rubber sectors, it is a commonly used packaging technology. More than half of all plastic materials, including panels, cylinders, food, bags, fibres, foams, and films are made with hot melt extrusion (HME). Growing prominence of the technology in the pharmaceutical sector is likely to foster growth of the global pharmaceutical hot melt extrusion market in the years to come
Growing Awareness about the Benefits of the Process to Spell Growth for the Market
The use of the hot melt extrusion (HME) method in systems of drug-delivery systems, mostly transdermal patches and in the forms of solid dosage, has been prompted by the emergence of new medications with difficult solubility and bioavailability. Hot melt extrusion makes use of pressure, heat, and agitation to combine materials and force them into the desired shape via an extrusion tube. The rising demand for hot melt extrusion in pharmaceutical applications is being driven by an increase in the number of new drugs with low bioavailability and the introduction of such drugs to the market. This factor is foreseen to trigger expansion of the global pharmaceutical hot melt extrusion market in the years to come.
The growing understanding among vendors about the benefits of adopting pharmaceutical hot melt extrusion over conventional processing methods is estimated to be the key growth driver of the global pharmaceutical hot melt extrusion market. In the manufacture of hot melt extrusion, adjusting the functional parameters is relatively easy. As a result, the screw components can now be conveniently modified to accommodate different agitator styles. Hot melt extrusion has also aided in the suit optimization in a specific cases. The die plates may also be swapped depending on the extrude diameter. As a result of these features and advantages, the demand for pharmaceutical hot melt extrusion is increasing, resulting in market growth.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Pharmaceutical Hot Melt Extrusion Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Key Market Indicators
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunity
4.4.4. Trends
4.5. Global Pharmaceutical Hot Melt Extrusion Analysis and Forecasts, 2016–2024
4.5.1. Market Volume Projections, 2016–2024
4.5.3. Market Revenue Projections (US$ Mn)
4.6. Pharmaceutical Hot Melt Extrusion - Global Supply Demand Scenario
4.7. Porter’s Five Force Analysis
4.8. Value Chain Analysis
4.9. Market Outlook
4.10. Technology Assessment Analysis
4.11. cGMP Regulations
4.12. CMO/Pharma Company End-User Licensing
5. Global Pharmaceutical Hot Melt Extrusion Analysis and Forecasts, By Product
5.1. Introduction & Definition
5.2. Key Findings / Developments
5.3. Key Trends
5.4. Market Value and Volume Forecast By Product, 2016–2024
5.4.1. Twin Screw Extruders
5.4.2. Single Screw Extruder
5.4.3. Laboratory Extruder
5.4.4. RAM Extruder
5.5. Product Comparison Matrix
5.6. Market Attractiveness By Product
6. Global Pharmaceutical Hot Melt Extrusion Analysis and Forecasts, By End User
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value and Volume Forecast By End User, 2016–2024
6.3.1. Research Laboratory
6.3.2. CMO
6.3.3. Pharma Companies
6.4. End User Comparison Matrix
6.5. Market Attractiveness By End User
7. Global Pharmaceutical Hot Melt Extrusion Analysis and Forecasts, By Region
7.1. Key Findings
7.2. Policies and Regulations
7.3. Market Value and Volume Forecast By Region
7.3.1. North America
7.3.2. Europe
7.3.3. Asia Pacific
7.3.4. Latin America
7.3.5. Middle East and Africa
7.4. Market Attractiveness By Country/Region
8. North America Pharmaceutical Hot Melt Extrusion Analysis and Forecast
8.1. Introduction
8.1.1. Key Findings
8.1.2. Policies and Regulations
8.2. Market Value and Volume Forecast By Product, 2016–2024
8.2.1. Twin Screw Extruders
8.2.2. Single Screw Extruder
8.2.3. Laboratory Extruder
8.2.4. RAM Extruder
8.3. Market Value and Volume Forecast By End User, 2016–2024
8.3.1. Research Laboratory
8.3.2. CMO
8.3.3. Pharma Companies
8.4. Market Value and Volume Forecast By Country, 2016–2024
8.4.1. US
8.4.2. Canada
8.5. Market Attractiveness Analysis
8.5.1. By Product
8.5.2. By End User
8.5.3. By Country
9. Europe Pharmaceutical Hot Melt Extrusion Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.1.2. Policies and Regulations
9.2. Market Value and Volume Forecast By Product, 2016–2024
9.2.1. Twin Screw Extruders
9.2.2. Single Screw Extruder
9.2.3. Laboratory Extruder
9.2.4. RAM Extruder
9.3. Market Value and Volume Forecast By End User, 2016–2024
9.3.1. Research Laboratory
9.3.2. CMO
9.3.3. Pharma Companies
9.4. Market Value and Volume Forecast By Country, 2016–2024
9.4.1. Germany
9.4.2. France
9.4.3. Italy
9.4.4. U.K.
9.4.5. Spain
9.4.6. Rest of Europe
9.5. Market Attractiveness Analysis
9.5.1. By Product
9.5.2. By End User
9.5.3. By Country
10. Asia Pacific Pharmaceutical Hot Melt Extrusion Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.1.2. Policies and Regulations
10.2. Market Value and Volume Forecast By Product, 2016–2024
10.2.1. Twin Screw Extruders
10.2.2. Single Screw Extruder
10.2.3. Laboratory Extruder
10.2.4. RAM Extruder
10.3. Market Value and Volume Forecast By End User, 2016–2024
10.3.1. Research Laboratory
10.3.2. CMO
10.3.3. Pharma Companies
10.4. Market Value and Volume Forecast By Country, 2016–2024
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. New Zealand
10.4.6. Rest of APAC
10.5. Market Attractiveness Analysis
10.5.1. By Product
10.5.2. By End User
10.5.3. By Country
11. Latin America Pharmaceutical Hot Melt Extrusion Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.1.2. Policies and Regulations
11.2. Market Value and Volume Forecast By Product, 2016–2024
11.2.1. Twin Screw Extruders
11.2.2. Single Screw Extruder
11.2.3. Laboratory Extruder
11.2.4. RAM Extruder
11.3. Market Value and Volume Forecast By End User, 2016–2024
11.3.1. Research Laboratory
11.3.2. CMO
11.3.3. Pharma Companies
11.4. Market Value and Volume Forecast By Country, 2016–2024
11.4.1. Brazil
11.4.2. Mexico
11.4.3. Rest of Latin America
11.5. Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By End User
11.5.3. By Country
12. Middle East and Africa Pharmaceutical Hot Melt Extrusion Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.1.2. Policies and Regulations
12.2. Market Value and Volume Forecast By Product, 2016–2024
12.2.1. Twin Screw Extruders
12.2.2. Single Screw Extruder
12.2.3. Laboratory Extruder
12.2.4. RAM Extruder
12.3. Market Value and Volume Forecast By End User, 2016–2024
12.3.1. Research Laboratory
12.3.2. CMO
12.3.3. Pharma Companies
12.4. Market Value and Volume Forecast By Country, 2016–2024
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. South Africa
12.4.4. Rest of MEA
12.5. Market Attractiveness Analysis
12.5.1. By Product
12.5.2. By End User
12.5.3. By Country
13. Competition Landscape
13.1. Market Share Analysis By Company (2015)
13.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
13.2.1. Baker Perkins Limited
13.2.1.1. Overview
13.2.1.2. Financials
13.2.1.3. Recent Developments
13.2.1.4. Strategy
13.2.2. Coperion GmbH
13.2.2.1. Overview
13.2.2.2. Financials
13.2.2.3. Recent Developments
13.2.2.4. Strategy
13.2.3. Xtrutech Ltd
13.2.3.1. Overview
13.2.3.2. Financials
13.2.3.3. Recent Developments
13.2.3.4. Strategy
13.2.4. Gabler GmbH & Co. KG
13.2.4.1. Overview
13.2.4.2. Financials
13.2.4.3. Recent Developments
13.2.4.4. Strategy
13.2.5. Leistritz AG
13.2.5.1. Overview
13.2.5.2. Financials
13.2.5.3. Recent Developments
13.2.5.4. Strategy
13.2.6. Milacron Holdings Corp.
13.2.6.1. Overview
13.2.6.2. Financials
13.2.6.3. Recent Developments
13.2.6.4. Strategy
13.2.7. Thermo Fisher Scientific, Inc.
13.2.7.1. Overview
13.2.7.2. Financials
13.2.7.3. Recent Developments
13.2.7.4. Strategy
14. Key Takeaways
List of Tables
Table 1: Global Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, by Product Type, 2014–2024
Table 2: Global Market Size (US$ Mn) and Volume (Units) Forecast, by End-User, 2014–2024
Table 3: Global Market Size (US$ Mn) and Volume (Units) Forecast, by Region, 2014–2024
Table 4: North America Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, by Product Type, 2014–2024
Table 5: North America Market Size (US$ Mn) and Volume (Units) Forecast, by End-User, 2014–2024
Table 6: North America Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2014–2024
Table 7: Europe Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, by Product Type, 2014–2024
Table 8: Europe Market Size (US$ Mn) and Volume (Units) Forecast, by End-User, 2014–2024
Table 9: Europe Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2014–2024
Table 10: Asia Pacific Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, by Product Type, 2014–2024
Table 11: Asia Pacific Market Size (US$ Mn) and Volume (Units) Forecast, by End-User, 2014–2024
Table 12: Asia Pacific Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2014–2024
Table 13: Latin America Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, by Product Type, 2014–2024
Table 14: Latin America Market Size (US$ Mn) and Volume (Units) Forecast, by End-User, 2014–2024
Table 15: Latin America Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2014–2024
Table 16: Middle East & Africa Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, by Product Type, 2014–2024
Table 17: Middle East & Africa Market Size (US$ Mn) and Volume (Units) Forecast, by End-User, 2014–2024
Table 18: Middle East & Africa Market Size (US$ Mn) and Volume (Units) Forecast, by Country, 2014–2024
List of Figures
Figure 1: Global Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 2: Global Market Value Share, by Product (2015)
Figure 3: Global Market Value Share, by End User (2015)
Figure 4: Global Market Value Share, by Region (2015)
Figure 5: Global Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 6: Global Twin Screw Extruder Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 7: Global Single Screw Extruder Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 8: Global Lab Extruder Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 9: Global RAM Extruder Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 10: Global Pharmaceutical Hot Melt Extrusion Market Attractiveness Analysis, by Product Type
Figure 11: Global Market Value Share Analysis, by End-User, 2016 and 2024
Figure 12: Global Research Laboratory Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 13: Global CMO Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 14: Global Pharma Companies Market Value (US$ Mn) and Y-o-Y Growth (%), 2016–2024
Figure 15: Global Pharmaceutical Hot Melt Extrusion Market Attractiveness Analysis, by End-User
Figure 16: Global Market Value Share Analysis, by Region, 2016 and 2024
Figure 17: Global Market Attractiveness Analysis, by Region
Figure 18: North America Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 19: North America Market Size and Volume Y-o-Y Growth Projections, 2016–2024
Figure 20: North America Market Attractiveness Analysis, by Country
Figure 21: North America Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 22: North America Market Value Share Analysis, by End-user, 2016 and 2024
Figure 23: North America Market Value Share Analysis, by Country, 2016 and 2024
Figure 24: U.S. Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 25: U.S. Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 26: Canada Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 27: Canada Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 28: North America Market Attractiveness by Product Type
Figure 29: North America Market Attractiveness by End-User
Figure 30: Europe Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 31: Europe Market Size and Volume Y-o-Y Growth Projections, 2016–2024
Figure 32: Europe Market Attractiveness Analysis, by Country
Figure 33: Europe Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 34: Europe Market Value Share Analysis, by End-User, 2016 and 2024
Figure 35: Europe Market Value Share Analysis, by Country, 2016 and 2024
Figure 36: Germany Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 37: Germany Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 38: France Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 39: France Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 40: Italy Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 41: Italy Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 42: U.K. Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 43: U.K. Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 44: Spain Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 45: Spain Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 46: Rest of Europe Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 47: Rest of Europe Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 48: Europe Pharmaceutical Hot Melt Extrusion Market Attractiveness, by Product Type
Figure 49: Europe Market Attractiveness, by End-User
Figure 50: Asia Pacific Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 51: Asia Pacific Market Size and Volume Y-o-Y Growth Projections, 2016–2024
Figure 52: Asia Pacific Market Attractiveness Analysis, by Country
Figure 53: Asia Pacific Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 54: Asia Pacific Market Value Share Analysis, by End-User, 2016 and 2024
Figure 55: Asia Pacific Market Value Share Analysis, by Country, 2016 and 2024
Figure 56: China Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 57: China Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 58: Japan Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 59: Japan Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 60: India Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 61: India Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 62: Australia Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 63: Australia Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 64: New Zealand Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 65: New Zealand Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 66: Rest of Asia Pacific Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 67: Rest of Asia Pacific Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 68: Asia Pacific Market Attractiveness Analysis, by Product Type
Figure 69: Asia Pacific Market Attractiveness Analysis, by End-User
Figure 70: Latin America Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 71: Latin America Market Size and Volume Y-o-Y Growth Projections, 2016–2024
Figure 72: Latin America Market Attractiveness Analysis, by Country
Figure 73: Latin America Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 74: Latin America Market Value Share Analysis, by End-User, 2016 and 2024
Figure 75: Latin America Market Value Share Analysis, by Country, 2016 and 2024
Figure 76: Brazil Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 77: Brazil Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 78: Mexico Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 79: Mexico Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 80: Rest of Latin America Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 81: Rest of Latin America Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 82: Latin America Market Attractiveness Analysis, by Product Type
Figure 83: Latin America Pharmaceutical Hot Melt Extrusion Market Attractiveness Analysis, by End-User
Figure 84: MEA Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 85: MEA Market Size and Volume Y-o-Y Growth Projections, 2016–2024
Figure 86: MEA Market Attractiveness Analysis, by Country
Figure 87: MEA Market Value Share Analysis, by Product Type, 2016 and 2024
Figure 88: Middle East & Africa Pharmaceutical Hot Melt Extrusion Market Value Share Analysis, by End-User, 2016 and 2024
Figure 89: MEA Market Value Share Analysis, by Country, 2016 and 2024
Figure 90: Saudi Arabia Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 91: Saudi Arabia Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 92: UAE Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 93: UAE Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 94: RSA Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 95: RSA Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 96: Rest of Middle East & Africa Pharmaceutical Hot Melt Extrusion Market Size (US$ Mn) and Volume (Units) Forecast, 2016–2024
Figure 97: Rest of Middle East & Africa Market Absolute $ Opportunity (US$ Mn), 2016–2024
Figure 98: MEA Pharmaceutical Hot Melt Extrusion Market Attractiveness Analysis, by Product Type
Figure 99: MEA Market Attractiveness Analysis, by End-User
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Pharmaceutical Hot Melt Extrusion Market
