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Microbial API Market: Growth, Demand, Size And Share, Trends, Growth And Forecast To 2033
Microbial API Market Growth,
As per the report, the microbial API market size has grown strongly in recent years. It will grow from $58.19 billion in 2023 to $62.90 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The microbial API market size is expected to see strong growth in the next few years. It will grow to $86.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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Rising Chronic Conditions Fuel Growth Of The Microbial API Market
The rising prevalence of chronic conditions is expected to propel the growth of the microbial API market going forward. A chronic condition is a long-lasting health condition or disease that is persistent or otherwise long-lasting in its effects. Chronic conditions are rising due to a combination of factors, including aging populations, sedentary lifestyles, poor diets, environmental changes, and increased detection and diagnosis of diseases. Microbial APIs are increasingly employed in the management of chronic conditions, leveraging their therapeutic properties derived from microorganisms to develop effective treatments. For instance, in July 2021, according to the International Diabetes Federation (IDF), a Belgium-based diabetes organization, the global number of people with diabetes is predicted to reach 537 million in 2021, 643 million in 2030, and 783 million in 2045, with an anticipated 541 million people having impaired glucose tolerance by 2021. Additionally, nearly 6.7 million individuals aged 20 to 79 are expected to die from diabetes-related complications in 2021. Therefore, the rising prevalence of chronic conditions is driving the growth of the microbial API market.
Advancements In Excipient Development Driving Innovation In The Microbial API Market
Major companies operating in the microbial API market are developing novel API products, such as excipients, to enhance drug efficacy, improve formulation stability, and meet regulatory standards. Excipients are substances formulated alongside the active ingredient of medication to serve various purposes, such as stabilization, bulking up formulations, enhancing therapeutic properties, and aiding in manufacturing. For instance, in October 2023, Clariant, a Switzerland-based chemical company, launched a new range of excipients to improve the stability and solubility of active pharmaceutical ingredients (APIs). This expansion includes three new VitiPure excipients designed to address challenges in API delivery and bioavailability, catering to various dosage applications such as oral, topical, and parenteral administration. These excipients aim to support the pharmaceutical industry by providing effective carrier systems for drug delivery, especially for sensitive medications such as mRNA vaccines and biologics.
The microbial api market covered in this report is segmented -
1) By Type: Antibody, Peptide, Protein, Small Molecule, Vaccine
2) By Host: Mammalian, Bacterial, Fungal
3) By Site: In-House, Outsourced
4) By Molecule: Innovative, Generic
5) By End-Use: Pharmaceutical Companies, Biopharmaceutical Companies, Other End-Uses
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Major companies operating in the microbial api market are BASF SE, Merck& Co Inc., AbbVie Inc., Bayer AG, Sanofi S.A., AstraZeneca Plc, GlaxoSmithKline Plc, Eli Lilly And Company, Boehringer Ingelheim GmbH, Amgen Inc., Evonik Industries AG, TEVA Pharmaceutical industries Ltd., Lonza Group AG, Catalent Inc., CSPC Pharmaceutical Group Ltd., Patheon, Dr. Reddy's Laboratories Ltd., Siegfried Ltd., Recipharm AB, Shandong Lukang Pharmaceutical Co. Ltd., Tianjin Tianyao Pharmaceuticals Co. Ltd., Xellia Pharmaceuticals, Kolon Life Science Inc., Royal DSM NV, Henan Topfond Pharmaceutical Co. Ltd.
Contents of the report:
1. Executive Summary
2. Microbial API Market Report Structure
3. Microbial API Market Trends And Strategies
4. Microbial API Market - Macro Economic Scenario
5. Microbial API Market Size And Growth
…..
27. Microbial API Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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