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Small Molecule API Market 2023 - Market Size, Growth Analysis, Key Trends Share, And Forecast To 2032
Small Molecule API Market Analysis
The Business Research Company's Small Molecule API Global Market Report 2023 identifies growing demand for small-molecule drugs as the major driver for the small molecule API market's growth in the forecast period. 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.
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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Major competitors in the small molecule API market are Merck & Co., Inc., AbbVie, Inc., Bristol-Myers Squibb Company, Albemarle Corporation, Boehringer Ingelheim International GmbH, Dr. Reddy's Laboratories Ltd.
A key trend in the small molecule API market includes strategic partnership. Many companies operating in the small-molecule API market are undergoing partnerships to strengthen their position in the small-molecule API market and advance the development of various drugs and therapies. For instance, in December 2020, a US-based pharmaceutical and biotechnology company Pfizer Inc. partnered with a US-based machine learning medicinal chemistry company, PostEra. This partnership aims to accelerate small molecule drug discovery by developing a platform technology based on generative chemistry. Further, in January 2020, a US-based pharmaceutical company, Merck partnered with Japanese pharmaceutical company, Taiho Pharmaceutical Co., Ltd. This partnership aims to expand its focus on small-molecule inhibitors for cancer research.
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The small molecule API market is segmented -
1) By Type: Synthetic, Biotech
2) By Manufacturer: In-House, Outsourced
3) 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.
The Business Research Company's "Global Small Molecule API Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
…..
26. Africa Small Molecule API Market
27. Small Molecule API Market Competitive Landscape And Company Profiles
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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