You're using a free limited version of DrugPatentWatch: Upgrade for Complete Access

Last Updated: December 23, 2024

Drugs Containing Excipient (Inactive Ingredient) ETHYLENE GLYCOL


✉ Email this page to a colleague

« Back to Dashboard


Branded drugs containing ETHYLENE GLYCOL excipient, and estimated key patent expiration / generic entry dates

Company Tradename Ingredient NDC Excipient Potential Generic Entry
Bausch Health US LLC ERTACZO sertaconazole nitrate 0187-5115 ETHYLENE GLYCOL
Braintree Laboratories Inc SUTAB sodium sulfate, magnesium sulfate, and potassium chloride 52268-201 ETHYLENE GLYCOL 2037-08-04
>Company >Tradename >Ingredient >NDC >Excipient >Potential Generic Entry

Generic drugs containing ETHYLENE GLYCOL excipient

ETHYLENE GLYCOL Market Analysis and Financial Projection Experimental

Pharmaceutical Grade Polyethylene Glycol (PEG): Market Dynamics and Financial Trajectory

Introduction

Polyethylene glycol (PEG), a versatile polyether compound derived from ethylene glycol, plays a crucial role in the pharmaceutical industry. Its widespread use as an excipient in various drug formulations is driven by its unique properties and diverse applications. Here, we delve into the market dynamics and financial trajectory of pharmaceutical-grade PEG.

Market Size and Forecast

The global Pharmaceutical Grade Polyethylene Glycol (PEG) market is projected to experience significant growth. As of 2023, the market was valued at USD 1,166.62 million and is expected to reach USD 1,731.73 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.87% from 2024 to 2030[1].

Key Drivers of Market Growth

Several factors are driving the growth of the pharmaceutical-grade PEG market:

Technological Advancements in Drug Delivery Systems

Advances in drug delivery technologies, particularly in controlled-release and targeted delivery systems, have increased the demand for PEG. Its ability to enhance the solubility and bioavailability of poorly water-soluble drugs makes it an essential component in modern pharmaceutical formulations[1].

Global Growth in Pharmaceutical R&D

The global increase in pharmaceutical research and development activities is another significant driver. As pharmaceutical companies invest more in developing innovative drugs, the demand for high-quality excipients like PEG continues to rise[1].

Expanding Applications in Medical Fields

PEG's application extends beyond traditional drug formulations. It is used in the production of long-acting protein or peptide drugs through a process known as PEGylation. This technology improves the half-life, reduces toxicity, and enhances the efficacy of these drugs[2].

Regional Analysis

The market is segmented into several regions, each with its own growth prospects:

Europe

Europe is currently the most lucrative region for pharmaceutical-grade PEG, driven by its well-established pharmaceutical industry, stringent regulatory compliance, and robust healthcare infrastructure. The region's emphasis on research and development further contributes to its market dominance[1].

Asia Pacific

The Asia Pacific region is poised for rapid growth due to the burgeoning pharmaceutical sector, increasing healthcare investments, and a rapidly evolving market landscape. Countries like India and China are driving this growth with their expanding pharmaceutical and healthcare industries[1][4].

Applications of PEG in Pharmaceuticals

PEG's versatility in pharmaceutical formulations is a key factor in its market success:

Solubilizing Agent

PEG enhances the solubility of poorly water-soluble drugs, improving their bioavailability and overall efficacy[1].

Stabilizer, Binder, Lubricant, and Viscosity Modifier

PEG serves multiple functions in drug formulations, including stabilizing, binding, lubricating, and modifying viscosity. These properties make it an indispensable excipient in various pharmaceutical products such as tablets, capsules, liquids, injectables, and topicals[1].

PEGylation

The process of PEGylation involves coupling PEG derivatives to drug molecules, which can change their hydrophilicity, molecular weight, and spatial conformation. This technology is particularly useful for long-acting protein or peptide drugs, reducing their toxicity and immunogenicity while prolonging their half-life[2].

Applications in Medical Devices

Beyond pharmaceuticals, PEG is also widely used in medical devices due to its excellent biocompatibility and hydrophilic properties:

Wound Treatment and Surgical Equipment

PEG is used in adhesion, hemostasis, anti-leakage, and anti-adhesion treatments in surgical operations. Its ability to form hydrogels and its good water barrier properties make it ideal for tissue sealants and isolation devices[2].

Implantable Medical Devices

PEG can be used as a raw material for implanted medical devices, replacing materials from plant, animal, or human sources. Its biocompatibility and non-toxicity make it a preferred choice for such applications[2].

Market Trends and Restraints

Pharmaceutical Innovations

The widespread adoption of PEG in advanced drug delivery systems, including controlled-release medications, is a significant trend driving market growth[3].

Personal Care Boom

Rising consumer awareness about skincare and haircare is propelling the demand for PEG-based cosmetics and toiletries, further expanding its market reach[3].

Sustainability Focus

There is an increasing focus on eco-friendly and biodegradable PEG formulations to meet environmental regulations and consumer preferences. This trend is expected to shape the industry's future growth[3].

Restraints

Despite the growth prospects, the market faces some restraints, including raw material price volatility and stringent regulations. The fluctuating prices of ethylene oxide, a key raw material, can impact manufacturing costs, while regulatory compliance can be a barrier to entry for new manufacturers[3].

Financial Trajectory

Current Valuation

As of 2024, the global polyethylene glycol market is valued at approximately USD 3.94 billion and is projected to reach USD 5.31 billion by 2029, growing at a CAGR of 6.2%[4].

Future Projections

Looking ahead to 2034, the market is expected to achieve a valuation of USD 7,999.4 million, growing at a CAGR of 6.4% from 2024 to 2034. This growth is underpinned by robust demand from pharmaceuticals, personal care products, and industrial applications[3].

Key Takeaways

  • Market Growth: The pharmaceutical-grade PEG market is expected to grow significantly, driven by technological advancements and global R&D activities.
  • Regional Dominance: Europe is currently the leading region, while the Asia Pacific is poised for rapid growth.
  • Versatile Applications: PEG's use extends beyond pharmaceuticals to medical devices and personal care products.
  • Sustainability Focus: There is a growing emphasis on eco-friendly and biodegradable PEG formulations.
  • Restraints: Raw material price volatility and stringent regulations are key challenges facing the market.

FAQs

What is the projected market size of the pharmaceutical-grade PEG market by 2030?

The pharmaceutical-grade PEG market is projected to reach USD 1,731.73 million by 2030, growing at a CAGR of 5.87% from 2024 to 2030[1].

What are the primary drivers of the pharmaceutical-grade PEG market growth?

The primary drivers include technological advancements in drug delivery systems and the global growth in pharmaceutical research and development[1].

In which regions is the pharmaceutical-grade PEG market expected to grow rapidly?

The Asia Pacific region is expected to witness rapid growth due to its burgeoning pharmaceutical sector and increasing healthcare investments[1][4].

What are the main applications of PEG in pharmaceuticals?

PEG is used as a solubilizing agent, stabilizer, binder, lubricant, and viscosity modifier in various pharmaceutical formulations. It is also used in PEGylation for long-acting protein or peptide drugs[1][2].

Are there any restraints to the growth of the pharmaceutical-grade PEG market?

Yes, the market faces restraints such as raw material price volatility and stringent regulations, which can impact manufacturing costs and compliance[3].

What is the significance of PEGylation in drug delivery?

PEGylation involves coupling PEG derivatives to drug molecules, which can improve their solubility, reduce toxicity, and prolong their half-life. This technology is particularly useful for long-acting protein or peptide drugs[2].

Sources

  1. Verified Market Research: Pharmaceutical Grade Polyethylene Glycol (PEG) Market Size And Forecast[1].
  2. Creative Diagnostics: Application of Polyethylene Glycol (PEG) in the Medical Field[2].
  3. GlobeNewswire: Polyethylene Glycol Market Trends Highlight Robust Demand and USD 7,999.4 million Valuation by 2034[3].
  4. MarketsandMarkets: Polyethylene Glycol Market, Industry Size Forecast Report[4].

More… ↓

⤷  Subscribe

Make Better Decisions: Try a trial or see plans & pricing

Drugs may be covered by multiple patents or regulatory protections. All trademarks and applicant names are the property of their respective owners or licensors. Although great care is taken in the proper and correct provision of this service, thinkBiotech LLC does not accept any responsibility for possible consequences of errors or omissions in the provided data. The data presented herein is for information purposes only. There is no warranty that the data contained herein is error free. thinkBiotech performs no independent verification of facts as provided by public sources nor are attempts made to provide legal or investing advice. Any reliance on data provided herein is done solely at the discretion of the user. Users of this service are advised to seek professional advice and independent confirmation before considering acting on any of the provided information. thinkBiotech LLC reserves the right to amend, extend or withdraw any part or all of the offered service without notice.