The global sphingolipid market is expected to increase significantly and be valued at over US$ 564.0 million in 2021. By the end of 2032, the global market is predicted to have grown at a Compound Annual Growth Rate (CAGR) of 5.1%, with a valuation of around US$ 991.8 million. With a significant 61.9% global market share as of 2021, conventional lipid-based drug delivery systems (LBDDS) are propelling the expansion of the global sphingolipids market.
Sphingolipids are essential for the formation and function of cell membranes, and lipid-based drug delivery methods benefit greatly from their special qualities. Sphingolipids provide adaptable solutions for increasing drug efficacy and bioavailability across a range of therapeutic domains, from boosting drug solubility and stability to enabling targeted administration and controlled release.
Because of their special qualities and potential for therapeutic use, sphingolipids—a broad class of lipids—are being used more and more in pharmaceutical formulations. They play important roles in cell signaling and structure. The market for sphingolipids is expected to rise because of the increasing need for monomers and sphingolipids, both natural and synthetic, in the production of different medicinal goods.
The sphingolipids market is not expanding to its full potential because of the unproven benefits of sphingolipids in the healthcare industry and the harmful effects of taking sphingolipids improperly. Consequently, businesses are launching innovative sphingolipid formulations and components at competitive prices with little adverse effects.
Master Complexity: Request Your Sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15713
This factor might significantly improve the adoption and consumption of pharmaceutical sphingolipids. The rising product launches and approvals are expected to contribute to the market growth over the forecast period too.
Key Takeaways from Market Study:
- Sphingomyelin is the leading segment as a product and holds approximately 0% market share in 2021, due to its anti-cancer, bacteriostatic, and cholesterol-lowering characteristics.
- Synthetic sphingolipids are the leading segment by source, and held about 4% market share in 2021, owing to their potential as therapeutic prospects for treating a range of medical problems.
- Conventional lipid-based drug delivery systems (LBDDS) is the leading segment in terms of application holding about 9% of the market share, as compared to traditional tablets or powder-filled capsules, as they can improve bioavailability and reduce dissolving rate-limited absorption because of their pharmacological composition in a solubilized condition.
- Semi-solid form of sphingolipids is the leading form as of 2021, withholding about 3% of the global market share, owing to the property of reduced adverse side effects when a high drug load is applied to the area where the medication is actually required.
- Pharmaceutical companies are the leading end users of the global market as of 2021, withholding about 5% of the market share, because of increased outsourcing, innovative modalities, and creative patient outreach tactics.
- By region, North America is leading in the global sphingolipids market and is expected to continue to do so with a projected CAGR of 4% during the forecasted years.
“Rising initiatives to promote health benefits of sphingolipids products, as well as the increasing ongoing research and development in modifying novel sphingolipids formulations is set to propel the market of sphingolipids across the globe,” says an analyst of Future Market Insights.
Market Competition
Companies are actively working to increase their market share in this industry by forming strategic agreements to diversify their respective service offerings and sphingolipid production capacities.
- In January 2022, Pfizer and Acuitas Therapeutics reached an agreement on Lipid Nanoparticle Delivery System for mRNA vaccines and therapeutics.
- June 2022: To support customers’ scientific research, CD Bioparticles, enlarged its lipid system portfolio and introduced a number of Sphingolipids products. With the addition of Phosphosphingolipids, Ceramides, Sphingolipid Metabolism, Sphingosines, Glycosphingolipids, Phytosphingosine, and Sphingomyelin, researchers now have more options to choose from and employ in lipid system applications.
Key Companies Profiled
- Merck KGaA
- CordenPharma International
- Lipoid GmbH
- LARODAN AB
- Croda International Plc.
- Biosynth, Santa Cruz Biotechnology, Inc.
- Creative Enzymes
- CD Bioparticles
- Cayman Chemical Company
- Biosolve BV
Get Familiar With Our Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15713
Key Segments Covered In Sphingolipids Industry Research
By Product:
- Ceramide
- Sphingomyelin
- Glucosylceramide (GlcCer)
- Lactosylceramide (LacCer)
- Ganglioside GM3
- Other
By Source:
- Synthetic
- Semi-synthetic
- Natural
By Application:
- Conventional Lipid-based Drug Delivery Systems (LBDDS)
- Self-Emulsifying Drug Delivery Systems (SEDDS)
- Self-Microemulsifying Drug Delivery Systems (SMEDDS)
- Liposomes
- Solid Lipid Nanoparticles
- Nanostructured Lipid Carriers
- Others
By Form:
- Liquid
- Semi-solid
- Solid
By End User:
- Pharmaceutical Companies
- Biopharmaceutical Companies
- Academics and Research Institutes
- Others
Get Full Market Analysis Now: Purchase The Report:
https://www.futuremarketinsights.com/checkout/15713
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
