Carglumic Acid Market Size will Grow at 7.5% CAGR through 2026

Posted by Pooja Mahajan on June 6th, 2019

The demand within the global market for carglumic acid has been rising on account of advancements in the pharmaceutical industry, finds Transparency Market Research (TMR). Carglumic acid is used to manufacture several forms of therapeutic tablets, and this is a key standpoint from the perspective of market growth. The leading vendors in the global carglumic acid market have set on a spree to tie up with new selling points for this acid. This strategy will not just earn a greater market share for the players, but shall also bring in humongous revenues into their kitty. The global carglumic acid market is expected to undergo successive fragmentation as several smaller vendors come under the spotlight of attention.

There is a high possibility of healthcare entities investing in the global carglumic acid market in the years to come. This trend shall pave way for the inflow of increased revenues into business of small and large vendors in the global carglumic acid market. The medium-sized players in the global carglumic acid market are expected to merge in with the larger and established players. Some of the key vemdors in the global carglumic acid market are Recordati S.p.A, Dipharma Francis S.r.l., Civentichem LLC, and Dipharma.

Transparency Market Research (TMR) finds that the global market for carglumic acid would expand at a CAGR of 7.5% over the period between 2017 and 2026. Furthermore, the global carglumic acid market is projected to be worth 187.0 million by 2026-end. On the basis of distribution channel, carglumic acid is expected to be sold out via retail pharmacies at a healthy rate. Based on regions, the market for carglumic acid in North America shall expand alongside advancements in the medical industry in the US.

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New Research Mechanisms to Aid Market Growth

There is recurring need for improved medications and tablets for the treatment of several diseases. Hence, the use of carglumic acid for the manufacture of effective tablets and therapeutics is expected to bring in voluminous revenues into the global carglumic acid market. Furthermore, the presence of a robust industry for biological research has also led to the growth of the global carglumic acid market. The usage of carglumic acid spans across a wide range of industries such as pharmaceuticals, cosmetics, and chemicals. This factor is also expected to play a crucial role in the growth of the global carglumic acid market in the years to come. New research methodologies and techniques in the field of biomedical research has also aided the growth of the global carglumic acid market.

Development of E-Commerce Channels to Aid Market Growth

The global market for carglumic acid has accumulated voluminous revenues over the past decade. Presence of improved hospital pharmacies and renewed retail outlets has led to the growth of the global carglumic acid market in recent times. Furthermore, the sale of carglumic acid through e-commerce channel is a revolutionary trend that has emerged in the global market. Therefore, it is safe to prognosticate that the global carglumic acid market would expand at a boisterous rate in the years to come.

The review is based on TMR’s report titled, “Carglumic Acid Market (Delivery Format- Tablet, orally disintegrating, Tablet, for suspension; Distribution Channel- Hospital Pharmacies, Retail Pharmacies, E-Commerce) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”.