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Small Molecule API Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Merck & Co., Inc., AbbVie, Inc., Bristol-Myers Squibb Company, Albemarle Corporation, Boehringer Ingelheim International GmbH
Small Molecule API Global Market
Small Molecule API Market Size, Growth Rate, And Forecast
The global small molecule API market size is expected to grow from $180.67 billion in 2022 to $193.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small molecule API market is expected to grow to $246.18 billion in 2027 at a CAGR of 6.2%.
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Small Molecule API Market Drivers
The growing demand for small-molecule drugs is expected to propel the growth of the small-molecule API market. Small-molecule drugs refer to low-molecular-weight compounds that can modulate biochemical processes to diagnose, treat, or prevent disease. Aspirin, diphenhydramine, and other molecules commonly found in medicine cabinets are examples of small-molecule drugs. These molecule drug products come under the category of small molecule API products, which help in preventing disease.
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Small Molecule API Market Segments
• By Type: Synthetic, Biotech
• By Manufacturer: In-House, Outsourced
• By Application: Cardiology, Oncology, CNS And Neurology, Orthopaedic, Endocrinology, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Small Molecule API market.
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Small Molecule API Market Key Players
Major competitors in the Small Molecule API market include Merck & Co., Inc., AbbVie, Inc., Bristol-Myers Squibb Company, Albemarle Corporation, Boehringer Ingelheim International GmbH, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma, Sun Pharmaceutical Industries Ltd
The Business Research Company's "Global Small Molecule API Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Small Molecule API Market Include:
1. Executive Summary
2. Small Molecule API Market Characteristics
3. Small Molecule API Market Trends And Strategies
4. Small Molecule API Market - Macro Economic Scenario
5. Small Molecule API Market Size And Growth
…….
28. Key Mergers And Acquisitions In The Small Molecule API Market
29. Small Molecule API Market Future Outlook and Potential Analysis
30. Appendix
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