The 2023 report on the “Small Molecule API Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Small Molecule API Market is valued at approximately USD 175 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2022-2028. A small active pharmaceutical ingredient (API) molecule is a low-molecular-weight organic component. It is a pharmaceutically active ingredient that is used in biological procedures. Furthermore, API can be combined in finished pharmaceutical products. As a critical component, its demand in the pharmaceutical industry is high.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The molecule is useful in the diagnosis, treatment, and prevention of a wide range of diseases. Small API molecules can be used as research tools to investigate biological function and to help develop new therapeutic agents. Some can obstruct a protein’s specific function or disrupt protein-protein interactions. The growing demand for small molecule drugs in the market, as well as the increased outsourcing trend, are two major factors driving the market. The patent expiration of leading molecules is further driving growth by allowing new players to enter the market, which drives demand for raw materials such as API for low-cost drug production. For example, Sumitomo Chemical Co., Ltd.
announced in March 2022 that it would invest in a new manufacturing facility in Japan to meet the surge in demand for high-quality small molecule APIs and intermediates. Because a large number of companies manufacture their API in-house, they are less reliant on raw material suppliers. For example, AstraZeneca announced a USD 360 million investment in an API manufacturing facility in Ireland for the commercialization of new products in September 2021. Furthermore, rising technological developments in the manufacturing sector are propelling the global small molecule API market forward. However, the government’s stringent regulations on the use of small molecules limit the market growth.
The key regions considered for the global Small Molecule API market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America held the largest market share. The presence of favourable government initiatives, combined with increased interest from regional players, are expected to propel the North American market. Whereas, due to improvements in overall healthcare infrastructure, improved access to healthcare, and the presence of a large number of local manufacturers, Asia Pacific is expected to be the fastest-growing region during the forecast period. These players supply globally, making Asia Pacific a key region for low-cost small molecule API production.
Major market players included in this report are:
Merck & Co., Inc.
AbbVie, Inc.
Bristol-Myers Squibb Company
Albemarle Corporation
Boehringer Ingelheim International GmbH
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Cipla, Inc.
Teva Pharmaceutical Industries Ltd.
Viatris Inc.
Dr. Reddy’s Laboratories Ltd.
Aurobindo Pharma
Sun Pharmaceutical Industries Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Synthetic
Biotech
By Manufacturer:
In-house
Outsourced
By Application:
Cardiology
Oncology
CNS and Neurology
Orthopedic
Endocrinology
Pulmonology
Gastroenterology
Nephrology
Ophthalmology
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
- What are the essential drivers of the world market? How huge will the market and increase price in upcoming years?
- What are the principal market tendencies that affecting the increase of the world market?
- Key vogue elements have an effect on market share in the world’s pinnacle regions?
- Who are the most vital market contributors and what techniques being they pursuing in the international market?
- What are the market possibilities and threats to which gamers are uncovered in the world market?
- Which enterprise trends, drivers and challenges are riding that growth?
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