Germany Pharmaceutical Excipient Market Size, Share & Forecast 2019-2025
Posted by nabeel on April 6th, 2021
The German pharmaceutical excipient market is estimated to grow at a CAGR of 6.3% during the forecast period. Germany is the largest contributing country to the European market with a significant growth rate. The market growth in the country is driven by the increasing demand for pharmaceutical and biopharmaceutical drugs in the region. Further, the presence of a large number of biotech companies in the country drives the growth of the market.
To Request a Sample of our Report on Germany Pharmaceutical Excipient Market : https://www.omrglobal.com/request-sample/germany-pharmaceutical-excipient-market-growth-analysis
As per Germany Trade & Invest, there are around 679 dedicated biotechnological companies in the country whereas 141 other biotechnology-active companies in 2018. Around .3 billion was invested in R&D activities in the country. Some of the major companies include 3B Pharmaceuticals GmbH, BioChem Adda, BioNTech, Glycotope, and others.
In 2017, around 51% of the total drugs approved in the country were biopharmaceuticals and around 274 biopharmaceutical drugs were approved in the country which includes vaccines, monoclonal antibodies, and insulin. The high number of approvals of drugs in the country represents its increasing demand. This, in turn, supports the growth of the German pharmaceutical excipient industry.
Further, increasing R&D activities in the country also support market growth. For instance, in June 2017, the German Association for Synthetic Biology (GASB) was established in the country with an aim to augment research activities in the field of synthetic biology in the country. Some of the major synthetic biology labs operating in the country include the Institute of Applied Microbiology, Berlin Institute of Technology, Ansbach University of Applied Sciences, and others.
German Pharmaceutical Excipient Market- Segmentation
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/germany-pharmaceutical-excipient-market-growth-analysis
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Contact Person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Like it? Share it!
About the Authornabeel
Joined: November 26th, 2020
Articles Posted: 337
More by this author