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COVID-19 Drug Associated APIs Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
COVID-19 Drug Associated APIs Global Market Report 2025
The market size for apis associated with COVID-19 medicine has seen a significant surge in recent years. It is anticipated to expand from $6.75 billion in 2024 to $7.14 billion in 2025, showing a compound annual growth rate (CAGR) of 5.8%. The historic period's growth was due to factors such as the increasing cases of COVID-19, enhanced knowledge about treatment options, widened access to COVID-19 medication, rising demand for prophylactic COVID-19 medication, government efforts, and resilient supply chains.
Expectations are high for robust expansion in the COVID-19 drug associated apis market over the coming years, with its size predicted to hit $9.08 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.2%. This envisaged growth during the projected period is largely due to ongoing innovations in COVID-19 drug modalities, the rise in clinical trials for COVID-19 drugs, growing calls for COVID-19 vaccines, the emergence of new variants, extensive vaccination drives, and pandemic readiness. Key trends expected to dictate the market trajectory within this forecast period encompass bespoke API production, diversification of API sources, cutting-edge production technologies, digital and data analytics advancements, as well as sustainability and green chemistry initiatives.
What Key Elements Are Boosting Growth in the COVID-19 Drug Associated APIs Market?
The active pharmaceutical ingredients (APIs) market is being propelled by the high demand for various drugs including antiretrovirals, antimalarials, sedatives, bronchodilators, and other respiratory drugs due to their use in the production of medications for COVID-19. APIs are vital, biologically active components utilized in concocting pharmaceutical drugs. Two frequently used antiviral drugs for treating COVID-19 patients are Remdesivir and Favipiravir. Remdesivir has been given emergency use authorization in countries such as the USA and Japan for COVID-19 care. The FDA has ratified Airsupra (a combination of albuterol and budesonide) aerosol inhalation for the intermittent treatment or prevention of bronchoconstriction and the decrease in the likeliness of asthma attacks in adult patients of 18 years and older. Favipiravir, employed as a flu treatment in Japan, has also exhibited a positive outcome on COVID-19 patients. With COVID-19 being a respiratory disease, the call for bronchodilators has soared significantly. Consequently, the accelerated demand for antivirals, antimalarials, and bronchodilators is projected to augment the need for APIs in the COVID-19 drug market over the forthcoming period.
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Who Are the Major Industry Players Fueling COVID-19 Drug Associated APIs Market Expansion?
Major companies operating in the COVID-19 drug associated apis market include Dr. Reddy's Laboratories Ltd., Lianyungang Guike Pharmaceutical CO. LTD., Alembic Pharmaceuticals Ltd., Wockhardt Ltd., Sandoz Srl, Lupin Limited, Aurobindo Pharma Ltd., Shanghai Shyndec Pharmaceutical Co. Ltd., Zhejiang Yatai Pharmaceutical Co. Ltd., Zhejiang Guobang Pharmaceutical Co Ltd., Cipla Limited, Shandong Boyuan Pharmaceutical Co. Ltd., Aspiro Pharma Ltd., Qilu Antibiotics Pharmaceutical Co. Ltd., Shenzhen China Resources Jiuxin Pharmaceutical Co. Ltd., Zhejiang Cheng Yi Pharmaceutical, Star Lake Bioscience Co.Inc., Hetero Labs Ltd., Geno Pharmaceuticals Ltd., Mylan Laboratories Ltd., Ipca Laboratories Limited, Zydus Takeda Healthcare Private Limited, Mangalam Drugs & Organics, Wallace Pharmaceuticals, Zhejiang Hisun Pharmaceutical Co. Ltd., Zhejiang Huahai Pharmaceutical Co. Ltd., Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Zhejiang NHU Co. Ltd., Zhejiang Xianju Pharmaceutical Co. Ltd., Zhejiang Yongtai Technology Co. Ltd., Zhejiang Zhebei Pharmaceutical Co. Ltd., Zhejiang Tianyu Pharmaceutical Co. Ltd., Zhejiang Aisheng Pharmaceutical Co. Ltd., Zhejiang Aokang Pharmaceutical Co. Ltd., Zhejiang Anji Huifeng Surgical Dressings Co. Ltd.
Which Key Developments Are Influencing the COVID-19 Drug Associated APIs Market?
Major figures in the pharmaceutical sector that produce APIs related to COVID-19 medications are turning their focus towards methods such as amplifying plant or production capacity to accommodate the escalated demand triggered by the global increase of COVID-19 instances. For example, in October 2023, the American pharmaceutical firm, Merck & Co., Inc., formed a recent alliance with India's Heavy Water Board with the aim to access the deuterated raw compound market, currently valued at approximately $100 million and potentially escalating to $1 billion in the upcoming five to ten years. By supplying superior compounds for the creation of medicines, semiconductors, OLEDs, and electronics, Merck is striving to bolster India's chemical, pharmaceutical, and technical industries. Presently, the safety and effectiveness of Avigan in treating COVID-19 patients are being examined via clinical trials.
How Is the Segmentation of the COVID-19 Drug Associated APIs Market Defined?
The COVID-19 drug associated apis market covered in this report is segmented -
1) By Drug Class: Antimalarials, Bronchodilators, Antibiotics, Antivirals, Other Drug Class
2) By Synthesis Type: Synthetic, Biotech
3) By Business Mode: Captive API, Merchant API
Subsegments:
1) By Antimalarials: Hydroxychloroquine, Chloroquine
2) By Bronchodilators: Beta-Agonists, Anticholinergics
3) By Antibiotics: Macrolides, Tetracyclines
4) By Antivirals: Remdesivir, Favipiravir, Lopinavir Or Ritonavir
5) By Other Drug Classes: Corticosteroids, Immunomodulators
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What Is the Leading Region in the COVID-19 Drug Associated APIs Market?
The countries covered in the COVID-19 drug associated APIs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Is Covered In The COVID-19 Drug Associated APIs Global Market Report?
- Market Size Analysis: Analyze the COVID-19 Drug Associated APIs Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the COVID-19 Drug Associated APIs Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall COVID-19 Drug Associated APIs Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the COVID-19 Drug Associated APIs Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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