Small Molecule API Market Business Growth | Size, Value Share, Industry Segment and Forecast to 2030
Research Reports
Mar 17, 2022
(USA, NY, New York City) The global small molecule API market is predicted to touch USD 279.7 million at a 7?GR over the forecast period (2016-2027), as per the latest Market Research Future (MRFR) report. Small molecule API, simply put, is an active ingredient that is utilized for pharmaceutical development and is highly used for biological process regulation. API is a combination of substances which can have a direct impact on treatment, mitigation, diagnosis, and disease prevention. Such molecules can be administered orally as well as easily absorbed by the body. Owing to its small size, it can reach to the intracellular site of action quickly.
Various factors are propelling the small molecule API market growth. These factors, as stated by the MRFR report, include increasing prevalence of diseases such as infectious diseases, cardiovascular, and cancer, rising consumer awareness, advancements in technology in the manufacturing sector, and the various advantages of small molecule API. Additional factors pushing market growth include rising demand for small molecule drugs, entry of leading CMOs in the market, and rising access to medication in underdeveloped and developing countries.
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Major Key Players:
Leading players profiled in the small molecule API market report include Siegfried AG, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd, Sun Pharmaceutical Industries Ltd., Mylan N.V., Cambrex Corporation, Aurobindo Pharma, Allergan Plc, Merck Sharp & Dohme Corp., GlaxoSmithKline Plc, Lonza, Dr. Reddy’s Laboratories Ltd, and Albemarle Corporation, among others.
Segment Analysis
The segmental analysis of the global small molecule API market is done by application, type, and manufacturing methods.
The application-based segments of the small molecule API market are cardiovascular, oncology, diabetes, and immunological disorders. Among all, the cardiovascular segment is predicted to procure the maximum market share during the evaluation period.
The type-based segments of the global small molecule API market are synthetic/chemical API and biological API. Among all, the synthetic/chemical API segment is predicted to acquire the largest market share during the review period.
The manufacturing methods-based segments of the global small molecule API market are in-house manufacturing (Captive) and contract manufacturing (CMO). Among all, the in-house manufacturing segment is anticipated to acquire the maximum CAGR.
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Regional Analysis
Based on the region, the small molecule API market report covers the latest trends and growth opportunities across Europe, North America, Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period. This is owing to the rising burden of cancer, increasing clinical trials, availability of funds, developed healthcare sector, and others.
The small molecule API market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to the government initiatives to support the expansion of the pharmaceutical industry, accessibility of funds, and the adoption of the next-generation healthcare technology.
The small molecule API market in the APAC region is predicted to grow at the fastest pace and at the highest CAGR over the forecast period. This is owing to the availability of raw materials in abundance in the region for drug manufacturing. Moreover, regulatory relaxations and low labor cost have aided maximization of profit for the market players in the region. APAC is a key exporter of small molecule drugs, and this trend is predicted to continue in the upcoming years.
The small molecule API market in the Middle East and Africa is predicted to have steady growth over the forecast period. The African regions do not have proper healthcare facilities while the Middle Eastern countries such as Kuwait and Qatar are predicted to have considerable growth owing to increasing awareness about small molecule API and the developed healthcare sector.
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