Worldwide Small Molecular API Market Projected To Grow Radiantly By 2027; Asserts MRFR Unleashing Industry Forecast

Market Research Future published a Cooked Research Report on “Global Small Molecular API Market Research Report - Forecast to 2027”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
A biologically active pharmaceutical drug having a low molecular weight of < 900 daltons is known as small molecular Active Pharmaceutical Ingredient (API). The growth of the market is attributed to increasing prevalence of different chronic diseases, increasing demand for the better and effective products, adoption of biologic and generic drugs by peoples in developing countries. Developing countries has served a better platform for the development of the API unit and majority of the manufacturing plants are present in India and China. Addition to this, technological advances and increasing governmental support also contributed in the growth of the market across the globe. However, patent expiry and high cost of R&D may hinder the growth of the market.  Global small molecule active pharmaceutical ingredients market is growing at a CAGR of 7.8% during forecasted period.

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Global Small Molecular API Market   - Competitive Analysis

Increasing prevalence of diseases like cancer and cardiovascular diseases in the world and increasing demand for the better treatment has attracted many of the major and medium sized company to introduce the better for the treatment. Many companies are focusing on development of the new drugs and method so as to withstand the competition and increase the market. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.

Teva Pharmaceutical Industries is a multinational pharmaceutical company headquartered in Israel. It is the one of the 15 largest pharmaceutical companies. Company is the major supplier of APIs having more than 300 API products. In 2014, Teva Pharmaceutical Industries has the second leading sale of around $724 million.

Novartis AG established in 1996 and headquarters in Basel, Switzerland. Novartis gives healthcare arrangements that enhance and amplify people’s lives. It is one of the largest Swiss pharmaceutical company. In 2016, company has acquired Selexys Pharmaceuticals. And in 2015, they announce their acquisition over Admune Therapeutic. Novartis utilize science-based advancement to address some of society's most testing medicinal services issues. The company finds and creates breakthrough medications and finds better approaches to convey them to as many people as possible. Novartis is centred on industry-driving divisions with development power and worldwide scale: pharmaceuticals, eye care and non-generic drugs. Novartis Group companies have approximately 120000 employees and its products are available in over 180 countries around the world.

Pfizer is a leading research based bio pharmaceutical organization. Pfizer apply science and our worldwide assets to convey inventive treatments that develop and essentially enhance lives. Pfizer makes medicines and vaccines that help individuals when they are sick and keep them from becoming sick in any case, and additionally a portion of some of the world’s best-known consumer healthcare brands. Consistently, the company’s associates work in developed and emerging markets to treat, cure and annihilate life-threatening conditions and test probably the most dreaded diseases of our time. Pfizer additionally teams up with healthcare providers, governments and local communities to support and expand access to reliable, affordable healthcare around the world. Pfizer operates in countries like Germany, France, Greece, Korea, Mexico, Russia, Netherland, India, Poland, Turkey, Israel, China and others. Pfizer has employee strength of around 97,500 to 98,000 in 2015.

July 2016 - Bind Therapeutics had entered into an asset purchase agreement with Pfizer. On July 26, 2016, company amended the stalking horse agreement.

Teva Pharmaceuticals limited (Israel), Sun Pharmaceuticals Industries Limited (India), Dr. Reddy’s Laboratories Ltd. (India), Aurobindo (India), Novartis International AG (Switzerland), Pfizer Inc. (U.S.) Boehringer Ingelheim (Germany), Albemarle Corporation (U.S.), Sigma Aldrich (U.S.), Mylan (U.K.), Allergan plc. (Ireland) are some of the prominent players at the forefront of competition in the Global Small Molecular API Market and are profiled in MRFR Analysis. 

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Global Small Molecular API Market   - Regional Analysis

America accounts for the largest market, majorly due to increasing prevalence of different chronic diseases and rise in the number of cancer patients. According to National Cancer Institute, in 2016 723,350 new cancer cases were registered in America. North America accounts for the largest market share owing to the presence of the US and Canada. Europe has the second largest market which is followed by Asia Pacific. Asia Pacific is the fastest growing region for the market. Presence of huge patient population pool and rapidly developing economies has fuelled the growth of the market.

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