Small Molecule API Market

Small Molecule API Market Size, Share, Growth Analysis, By Type(Synthetic, Biotech), By Manufacturer(In-house, Outsourced), By Application(Cardiology, Oncology, CNS and Neurology, Orthopedic), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG35I2083 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Small Molecule API Market Insights

Market Overview:

The market size of the global small molecule API was worth USD 175.31 billion in 2021 and is expected to grow at a CAGR of 5.44% from 2022 to 2030. The demand for small molecule drugs and increased outsourcing trend are the major factors that are driving the market. The expiration of the patents of the leading molecules is further contributing to the growth by allowing new players to enter and increase the demand for raw materials, such as API, for cost-effective drug production. The COVID-19 pandemic has also played a significant role in the market's growth. Companies are diversifying their business geographically to avoid shortages caused by the pandemic. COVID-19 is also driving the investigation of small molecule products, like Molnupiravir, for treating the disease. Additionally, the repurposing of existing small molecule drugs is being studied for the treatment of SARS-CoV-2 infection.

Small Molecule API 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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FAQs

The market for Small Molecule API was estimated to be valued at US$ XX Mn in 2021.

The Small Molecule API Market is estimated to grow at a CAGR of XX% by 2028.

The Small Molecule API Market is segmented on the basis of Type, Manufacturer, Application, Regional.

Based on region, the Small Molecule API Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Small Molecule API Market are Merck & Co., Inc., AbbVie, Inc., Bristol-Myers Squibb Company, Albemarle Corporation, Boehringer Ingelheim International GmbH, Cipla, Inc., Teva Pharmaceutical Industries Ltd., Viatris Inc., Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma.

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Small Molecule API Market

Report ID: UCMIG35I2083

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