Small Molecule API Market Report 2024: Growth, Trends, Analysis, Forecast 2033

The new report published by The Business Research Company, titled ""Small Molecule Active Pharmaceutical Ingredient Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the small molecule active pharmaceutical ingredient market size has grown strongly in recent years. It will grow from $181.54 billion in 2023 to $196.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The small molecule active pharmaceutical ingredient market size is expected to see strong growth in the next few years. It will grow to $265.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.

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Elevated Disease Prevalence Drives Growth In The Small Molecule Active Pharmaceutical Ingredient (API) Market
The increasing prevalence of diseases is a major driver propelling the small molecule active pharmaceutical ingredient (API) market. A disease is a particular abnormal condition, a disorder of a structure or function, that affects the body of the patient. Active pharmaceutical ingredients (APIs) are the active components in a pharmaceutical drug that produce the required effect on the body to treat various conditions. For instance, according to Cancer Research UK, a UK-based cancer research organization, approximately 18 million new cancer cases were detected in 2020. Further, there would be 28 million new cancer cases globally each year by 2040, a 54.9% increase over 2020, and is predicted to be more prominent in males (60.6% increase) than girls (48.8% increase). Further, in March 2023, according to the reports shared by the American Society of Clinical Oncology (ASCO), a US-based professional organization, it was estimated that more than 12,000 people in the US were diagnosed with neuroendocrine tumors yearly. Further, approximately 171,000 people were living with this diagnosis in 2023. Cardiovascular diseases have resulted in the deaths of 17.9 million people worldwide. Therefore, the increasing prevalence of diseases will continue to be the key driver in the small molecule API market.

Strategic Collaborations Drive Innovation And Comprehensive Solutions In The Small Molecule API Market
Strategic partnerships and collaborations have emerged as the key trend gaining popularity in the small molecule active pharmaceutical ingredient market. Key players operating in the small molecule active pharmaceutical ingredient sector are focused on partnerships and collaborations to reinforce their positions. For instance, in May 2022, NovAliX, a France-based drug discovery company; Alysophil, a France-based company creating new industrial chemistry based on continuous flow chemistry; De Dietrich Process Systems, a France-based provider of solutions for the fine chemical and pharmaceutical industries; and Bruker, a US-based manufacturer of scientific instruments for molecular and materials research, collaborated. Through this partnership, the companies aim to jointly develop a new approach to active pharmaceutical ingredient (API) production and offer complete, standalone, and location-independent API manufacturing solutions to pharmaceutical companies or contract manufacturing organizations (CMOs).

The small molecule active pharmaceuticals market covered in this report is segmented -
1) By Type: Synthetic, Chemical, Biological
2) By Therapeutic Type: Autoimmune Diseases, Oncology, Metabolic Diseases, Ophthalmology, Cardiovascular Diseases, Infectious Diseases, Neurology, Respiratory Disorders, Dermatology, Urology
3) By Manufacturing Method: In-House, Contract
4) By Application: Clinical, Commercial

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Major companies operating in the small molecule active pharmaceutical ingredient market report are Pfizer Inc., BASF SE, Roche Holding AG, F. Hoffmann-La Roche Limited, AbbVie Inc., Allergan plc, Bayer AG, Novartis AG, Sanofi SA, Bristol Myers Squibb Company, AstraZeneca plc, Glaxo Smith Kline plc, China Resources Pharmaceutical Group Limited, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Boehringer Ingelheim International GmbH, Merck KGaA, Viatris Inc., Teva Pharmaceutical Industries Limited, Johnson Matthey plc, Astellas Pharma Inc., Albemarle Corporation, Sun Pharmaceutical Industries Limited, Aurobindo Pharma Limited, Dr Reddy's Laboratories Limited, Siegfried Holding AG, Albany Molecular Research Inc., Cipla Inc., Cambrex Corporation, Daiichi Sankyo Company Ltd., Eisai Co Ltd., Otsuka Holdings Co Ltd.

Contents of the report:
1. Executive Summary
2. Small Molecule Active Pharmaceutical Ingredient Market Report Structure
3. Small Molecule Active Pharmaceutical Ingredient Market Trends And Strategies
4. Small Molecule Active Pharmaceutical Ingredient Market - Macro Economic Scenario
5. Small Molecule Active Pharmaceutical Ingredient Market Size And Growth
…..
27. Small Molecule Active Pharmaceutical Ingredient Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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