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Microbial API Market Trends That Will Shape the Next Decade: Insights from Advancements In Excipient Development Driving Innovation In The Microbial API Market
Microbial API Market
How Large Will the Microbial API Market Size By 2025?
The market size of microbial API has seen robust growth over the past few years. It is projected to expand from $62.9 billion in 2024 to $67.52 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.4%. The upsurge in the historical period is credited to a surge in drug demand, higher government emphasis on healthcare and pharmaceuticals, a greater need to fulfil nutritional needs, sustainability and cost-effectiveness, and increased demand for biopharmaceuticals.
How Big Is the Microbial API Market Size Expected to Grow by 2029?
The size of the microbial API market is predicted to experience robust growth in the coming years, reaching a market value of "$89.86 billion by 2029 with an annual growth rate, compound in nature, of 7.4%. This growth during the projected period can be credited to the escalating applications within the pharmaceutical sector, the growing occurrence of chronic diseases, higher healthcare expenditure, wider access to superior medical facilities, increase in infection rates and antibiotic resistance. Key trends during the prediction period include the progress in fermentation and downstream processing technologies, inventive microbial fermentation technologies, investments channelised into bioprocessing, advanced developments in molecular and synthetic biology, and product innovation.
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Which Key Market Drivers Powering Microbial API Market Expansion and Growth?
The growth of the microbial API market is anticipated to be propelled by the increasing occurrence of chronic conditions. These are long-lasting diseases or health conditions that have persistent or long-term effects. Factors such as aging populations, sedentary lifestyles, poor diets, environmental shifts, and enhanced detection and diagnosis of diseases are contributing to the rise of chronic conditions. Microbial APIs, which utilize therapeutic properties derived from microorganisms, are being increasingly used in treating these chronic conditions. For instance, the World Health Organization, an intergovernmental organization based in Switzerland, projected in February 2024 that over 35 million new cancer cases will be reported by 2050, marking a 77% rise compared to the estimated 20 million cases in 2022. Consequently, the growing occurrence of chronic conditions is fueling the expansion of the microbial API market.
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What Are the Key Trends Driving Microbial API Market Growth?
Major corporations involved in the microbial API sector are innovating new API products like excipients to enhance medication effectiveness, increase stability of formulations and comply with regulation standards. Excipients are the elements combined with the main component of a drug to fulfill diverse functions such as enhancing stability, increasing formulation quantity, improving medicinal qualities, and assisting in production. For example, in October 2023, Clariant, a prominent chemical corporation based in Switzerland, introduced a new series of excipients to enhance the stability and solubility of active pharmaceutical ingredients (APIs). This includes the launch of three new VitiPure excipients, designed to tackle difficulties in API delivery and bioavailability, suitable for varying dosage applications including oral, topical, and parenteral administration. The intention behind these excipients is to aid the pharmaceutical industry by offering efficient carrier systems for drug distribution, specifically for delicate drugs like mRNA vaccines and biologics.
What Are the Emerging Segments in the Microbial API Market?
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
Subsegments:
1) By Antibody: Monoclonal Antibodies, Polyclonal Antibodies
2) By Peptide: Therapeutic Peptides, Diagnostic Peptides
3) By Protein: Recombinant Proteins, Native Proteins
4) By Small Molecule: Antibiotics, Antifungals, Antivirals
5) By Vaccine: Bacterial Vaccines, Viral Vaccines
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Who Are the Global Leaders in the Microbial API Market?
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.
Which are the Top Profitable Regional Markets for the Microbial API Industry?
Asia-Pacific was the largest region in the microbial API market in 2024. The regions covered in the microbial API market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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