Artemisinin Market
Report ID: UCMIG35I2153
Artemisinin Market Size
SkyQuest Technology's Artemisinin market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Artemisinin Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Artemisinin Market Insights
Market Overview:
Due to its broadening range of applications in the pharmaceutical industry, it is anticipated that the global artemisinin market would grow significantly over the forecast period. Following WHO's identification of combination therapy based on artemisinin (ACT) as the initial therapy for malaria, demand for artemisinin in has increased dramatically over the last decade. A rise in R&D activities and expanding medical infrastructure, particularly in rising nations such as China and India, has fueled demand for artemisinin in and its derivatives. Growing demand from malaria-endemic nations such as Congo, Nigeria, Uganda, and Tanzania, as well as South-East Asian countries such as India is predicted to drive the demand for artemisinin in and its derivatives during the next six years. However, due to a small number of global manufacturers, the artemisinin business is still in its early phases. Furthermore, a lack of finance and programmatic uncertainty, combined with a demand-supply imbalance, are projected to stymie market expansion over the projection period.
Artemisinin Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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