Global Pharmaceutical Intermediates Market

Global Pharmaceutical Intermediates Market Size, Share, Growth Analysis, By Product(Chemical intermediates, Bulk drug intermediates), By Application(Analgesics, Anti-inflammatory drug) - Industry Forecast 2024-2031


Report ID: SQMIG35I2111 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Global Pharmaceutical Intermediates Market Regional Insights

On the basis of region, global pharmaceutical intermediates market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the global pharmaceutical intermediates market and is expected to maintain its dominance during the forecast period. North America is dominating the market due to the presence of various pharmaceutical companies, research centres, and laboratories, and rapidly growing CMOs & CROs in the US and Canada. Also, rising investments by the government and private players to boost the growth of the market.

Asia Pacific is expected to be the most competitive market during the forecast period. Increasing investment by market players to set up manufacturing facilities in countries such as China, India, Japan, South Korea, and Singapore is fuelling the growth of the pharmaceutical intermediates market over the forecast period due to the easy and cheap availability of product ingredients and favourable government policies.

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Pharmaceutical Intermediates Market size was valued at USD 29 billion in 2021 and is poised to grow from USD 30.6 billion in 2022 to USD 52.6 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

Global pharmaceutical intermediates market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global pharmaceutical intermediates market. 'BASF SE', 'Lonza Group AG', 'Thermo Fisher Scientific Inc.', 'Wuxi AppTec Co. Ltd.', 'Merck KGaA', 'Dishman Group', 'Codexis Inc.', 'Cambrex Corporation', 'Hikal Ltd.', 'Chemcon Speciality Chemicals Ltd.', 'Porton Fine Chemicals Ltd.', 'Divis Laboratories Ltd.', 'Pfizer CentreOne', 'Aurobindo Pharma Ltd.', 'Sanofi SA', 'Lianhe Chemical Technology Co. Ltd.', 'Jiangsu Hengrui Medicine Co. Ltd.', 'Shandong Xinhua Pharmaceutical Co. Ltd.', 'WuXi STA', 'Zhejiang NHU Co. Ltd.'

Increasing Incidence of Chronic Diseases

The cost of heart disease to the nation's health care system is increasing. A key trend in the pharmaceutical intermediates market is the rise in chronic cardiovascular conditions such as heart failure and coronary artery disease. According to a paper published in July 2020 in the Curious Journal of Medical Science, ischemic heart disease (IHD) is the leading cause of death worldwide. Ischemic heart disease affects about 126 million people globally. It is expected that by 2030, there will be more than 1,845 cases of ischemic heart disease per 100,000 persons worldwide.

On the basis of region, global pharmaceutical intermediates market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the global pharmaceutical intermediates market and is expected to maintain its dominance during the forecast period. North America is dominating the market due to the presence of various pharmaceutical companies, research centres, and laboratories, and rapidly growing CMOs & CROs in the US and Canada. Also, rising investments by the government and private players to boost the growth of the market.

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Global Pharmaceutical Intermediates Market

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