Press release
Driving Pharmaceutical Innovations: Small Molecule API Market's Growth Fueled by Drug Development Demands
Small Molecule API Market
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.
Market Overview -
Small molecules API (active pharmaceutical ingredient) refers to organic components that have a low molecular weight of less than 1 nm and are typically made up of 20-100 atoms. These are active ingredients found in a wide range of biological and pharmaceutical procedures. Small molecules can be used as research tools to investigate biological function and to help develop new therapeutic agents. The small molecule API are used in pharmaceuticals and biological procedures.
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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
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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