The Global Small Molecule API Market is predicted to touch USD 279.7 million at a 7% CAGR over the forecast period (2016-2027), as per the latest Market Research Future (MRFR) report. Small molecule API, simply put, is an active ingredient that is utilized for pharmaceutical development and is highly used for biological process regulation. API is a combination of substances which can have a direct impact on treatment, mitigation, diagnosis, and disease prevention. Such molecules can be administered orally as well as easily absorbed by the body. Owing to its small size, it can reach to the intracellular site of action quickly. —
Various factors are propelling the small molecule API market growth. These factors, as stated by the MRFR report, include increasing prevalence of diseases such as infectious diseases, cardiovascular, and cancer, rising consumer awareness, advancements in technology in the manufacturing sector, and the various advantages of small molecule API. Additional factors pushing market growth include rising demand for small molecule drugs, entry of leading CMOs in the market, and rising access to medication in underdeveloped and developing countries.
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Leading players profiled in the small molecule API market report include Siegfried AG, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd, Sun Pharmaceutical Industries Ltd., Mylan N.V., Cambrex Corporation, Aurobindo Pharma, Allergan Plc, Merck Sharp & Dohme Corp., GlaxoSmithKline Plc, Lonza, Dr. Reddy’s Laboratories Ltd, and Albemarle Corporation, among others.
JUNE 2019: Renowned small molecule company, Cambrex Corporation that provides analytical drug lifecycle, drug product, and drug substance has announced about its three senior appointments for supporting the strategy of the company for creating the CDMO (contract development and manufacturing organization) of choice for small molecules in the pharmaceutical industry.
The Market Research Future report provides a wide segmental analysis of the small molecule API market based on the manufacturing method, application, and type.
Based on type, the small molecule API market is segmented into biological API and synthetic/chemical API. Of these, the synthetic/chemical API segment is predicted to have the largest share in the market and continue to hold its position over the forecast period.
Based on application, the small molecule API market is segmented into immunological disorders, diabetes, oncology, cardiovascular, and others. Of these, the cardiovascular segment will dominate the market over the forecast period.
Based on manufacturing method, the small molecule API market is segmented into contract and in-house.
Based on the region, the small molecule API market report covers the latest trends and growth opportunities across Europe, North America, Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, North America will lead the market over the forecast period. This is owing to the rising burden of cancer, increasing clinical trials, availability of funds, developed healthcare sector, and others.
The small molecule API market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to the government initiatives to support the expansion of the pharmaceutical industry, accessibility of funds, and the adoption of the next-generation healthcare technology.
The small molecule API market in the APAC region is predicted to grow at the fastest pace and at the highest CAGR over the forecast period. This is owing to the availability of raw materials in abundance in the region for drug manufacturing. Moreover, regulatory relaxations and low labor cost have aided maximization of profit for the market players in the region. APAC is a key exporter of small molecule drugs, and this trend is predicted to continue in the upcoming years.
The small molecule API market in the Middle East and Africa is predicted to have steady growth over the forecast period. The African regions do not have proper healthcare facilities while the Middle Eastern countries such as Kuwait and Qatar are predicted to have considerable growth owing to increasing awareness about small molecule API and the developed healthcare sector.
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