Increasing prevalence of chronic diseases across the globe, rising focus on developing novel drugs, and increasing number of pharmaceutical and biotechnology companies are some key factors expected to drive global Water-Soluble Drugs market growth.
Increasing prevalence of chronic diseases across the globe, rising focus on developing novel drugs, and increasing number of pharmaceutical and biotechnology companies are some key factors expected to drive global Water-Soluble Drugs market growth.
Market Dynamics:
Water solubility is considered an important factor while designing a drug as it has a significant influence on pharmacodynamics and pharmacokinetics of the drug. Water-soluble drugs such as antihypertensive drugs and antibiotics are capable of dissolving completely in the water and tend to stay in the blood and fluids surrounding the cells. These drugs are more preferred over fat-soluble drugs due to better solubility, low side effects, and better bioavailability and effectiveness.
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Factors such as rising funds by public and private organizations for research and development activities, increasing use of water-soluble drugs in liquid drug formulations, and high focus on introducing novel drug designing technologies are expected to drive global market revenue growth during the forecast period.
However, lack of specific infrastructure, dearth of skilled workforce, and limited funds for research and project in many developing and underdeveloped economies are expected to hamper global market growth going ahead.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Oral Segment to Account for Largest Revenue Share:
The oral segment is expected to account for largest revenue share between 2020 and 2027. This can be attributed to high preference for oral dosage over injection due to easy administration and better patient compliance and availability of various types of water-soluble tablets at cost-effective prices.
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Antibiotics Segment To Register Rapid Revenue CAGR:
The antibiotics segment is expected to register rapid revenue CAGR during the forecast period owing to rising prevalence of chronic and infectious diseases across the globe, increasing investments in development of novel drugs, and high preference for antibiotics due to better efficacy, bioavailability, and desired response.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period owing to increasing prevalence of chronic diseases and acute illnesses, rapid adoption of advanced technologies, and rising awareness about the advantages of water-soluble drugs. In addition, rising use of water-soluble drugs in liquid drug formulations and high focus on developing and introducing innovative drug designing techniques are expected to fuel North America market growth going ahead.
Major Companies in the Market Include:
- Cipla Limited
- Pfizer, Inc.
- Merck & Co., Inc.
- AstraZeneca
- Johnson & Johnson
- GlaxoSmithKline PLC
- Sanofi Pasteur SA
- Emergent BioSolutions, Inc.
- Novartis
- Thermo Fisher Scientific
- Biogen Inc.
- F. Hoffman-La Roche Ltd.
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For the purpose of this report, Emergen Research has segmented the global water soluble drugs market on the basis of drug type, route of application, end-users, and region:
Drug Type Outlook (Revenue, USD Billion; 2017–2027)
- Paracetamol
- Antibiotics
- Antihypertensive Drugs
Route of Administration Outlook (Revenue, USD Billion; 2017–2027)
- Oral
- Intravenous Injection
End-use Outlook (Revenue, USD Billion; 2017–2027)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Rehabilitation Centers
- Homecare Settings
- Others
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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