Press release
Small Molecule API Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Merck & Co. Inc., AbbVie Inc., Bristol-Myers Squibb Company, Albemarle Corporation,
Small Molecule API Market Characteristics
The Business Research Company offers in-depth market insights through Small Molecule API Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The small molecule api market size has grown strongly in recent years. It will grow from $193.44 billion in 2023 to $206.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to rise of generic drug manufacturing, increased r&d investment, aging population demands, expansion in oncology treatments, emergence of targeted therapies..
The small molecule api market size is expected to see strong growth in the next few years. It will grow to $275.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to supply chain resilience, digitalization in pharmaceutical manufacturing, increasing investment in oncology, adoption of green chemistry, pandemic-driven healthcare needs.. Major trends in the forecast period include biopharmaceutical synergy, personalized medicine, advanced manufacturing techniques, api outsourcing and contract manufacturing..
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Market Segmentation:
The small molecule api market covered in this report 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
Major Driver - Surging Demand For Small-Molecule Drugs Fuels Growth In The Small-Molecule Api Market
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. According to the National Center for Biotechnology Information (NCBI), in 2021, 75% of the drugs accepted by the Food and Drug Administration (FDA) were small molecules, with the dominant therapeutic area being oncology. Over 50% of these approvals were from small and mid-sized companies, which require support from CDMOs for the commercialization of products that contribute to the growth of CDMOs. Therefore, the growing demand for small-molecule drugs is driving the growth of the small-molecule API market.
Competitive Landscape:
Major companies operating in the small molecule api market report are 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., Teva Pharmaceutical Industries Ltd., Viatris Inc., Cambrex Corporation, Lonza Group AG, Siegfried Holding AG, AstraZeneca, F. Hoffmann-La Roche AG, Nanjing King-friend Biochemical Pharmaceutical Co. Ltd, Albany Molecular Research Inc., Allergan Plc, Atomwise Inc., BASF SE, BenevolentAI Limited, Certara L.P., Exscientia AI Limited, Gilead Sciences Inc., GlaxoSmithKline plc, HotSpot Therapeutics Inc., Insitro Inc., Johnson Matthey PLC, Novartis AG
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Top Trend - Strategic Partnerships Reshaping The Landscape Of The Small-Molecule Api Market
Strategic partnership is a key trend in the small-molecule API market. 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 March 2023, CatSci Ltd, a UK-based pharmaceutical company partnered with AGC Pharma Chemicals, a Spain-based pharmaceutical company to fortify drug development. CatSci's non-clinical specialization now leverages AGC's manufacturing prowess, supporting clinical phase projects. AGC's clients access CatSci's advanced capabilities in therapeutic development, with a focus on scalable small molecule API manufacturing and diverse technologies. The collaboration prioritizes seamless tech transfer, aiming to provide strategic value, expedite drug development timelines, and deliver impactful small molecule API-based medicines globally.
The Table Of Content For The Market Report 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
…..
27. Small Molecule API Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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