Small Molecule API Market to Offer Significant Growth Opportunities by 2031
Market Overview
Market Research Future (MRFR) presumes that
the small molecule API market will be advancing at a rate of
7.0% from 2020 to 2027. Also, the total value by the end of 2027 is projected
to be around USD 279,687.1 Million, believes Market Research Future.
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Small molecules find extensive use in the
treatment of numerous conditions and diseases and are known for their diversity
with respect to their mechanism of action. Given their appealing
physicochemical characteristics as well as small size, they are effectively
utilized as allosteric modifiers as well as enzyme inhibitors, are able to
target extracellular proteins or intracellular receptors within the nuclei,
cytosol, and central nervous system.
Market segment
By type
- Biological procedures
- Chemical process
By application
- Ophthalmology
- Cardiovascular
- Metabolic
- Dermatology
- Respiratory
- Urology
- Autoimmune disease
- Dermatology
- Infectious
- Immunology
By product
- Contract
- Captive
By geography
- North America
- Asia pacific
- Europe
- Latin America
- Middle East
Top Companies
The top small molecule API developers are Mylan
N.V., Allergan Plc, Sun Pharmaceutical Industries Ltd., Glaxosmithkline Plc,
Aurobindo Pharma, Novartis AG, Albemarle Corporation, Cambrex Corporation,
Pfizer Inc., Lonza, Teva Pharmaceutical Industries Ltd., Merck Sharp &
Dohme Corp., Dr. Reddy’s Laboratories Ltd, Siegfried AG, and more.
Top Drivers and
Main Barriers
The small molecule API industry has turned
extremely attractive in recent years, given the rising cases of several
infectious and chronic diseases, along with the surge in the number of contract
research manufacturers. The rise in drug discovery and development of various
pharmaceuticals, growth of small molecule API, and extensive research &
development activities adds to the business worth too.
Small molecules’ use as API has been quite
significant for the patients and the healthcare industry. Small molecules offer
numerous benefits, especially compared to large molecule API. A small molecule
is easily engineered to offer a robust therapeutic impact even with a tiny
dose, which can be lower than 10 mg.
With the recent COVID-19 outbreak, the
healthcare sector has been under massive pressure as the cases continue to rise
worldwide. With the healthcare industry working on curbing the spread of the
virus, rigid lockdown as well as movement restrictions have been enforced
across countries. The development and operational process has been shut down
temporarily while R&D activities have been delayed as well. In addition,
the pandemic has put a stop to clinical trials owing to stay-at-home orders and
the healthcare workers’ rising focus on treating Covid-19 patients. These
factors have been slightly unfavorable for the small molecule API market. But
it is anticipated that the market size shall grow smoothly in the years ahead,
as the pharmaceutical industry continues to thrive across the globe.
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Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
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Market
Segmentation
Types of small molecules APIs are
Synthetic/Chemical API as well as Biological API.
Top applications considered in the MRFR
study are Oncology, Cardiovascular, Immunological Disorders, Diabetes, and
more.
Manufacturing methods discussed in the
report are In-House along with Contract.
Regional Insight
North America generates the highest
revenues in the small molecule API market, landing the top position with the
US, Mexico, and Canada as the major players. Huge spending on the
pharmaceutical sector, surge in drug development as well as research activities
will ensure continuous market growth in the years to come.
Asia Pacific is heading for incredible
growth in the coming years, potentially gaining the fastest growth in the
worldwide market. The low cost of small molecule API in the region and the
possibility of developing a series of new products using these components will
ensure tremendous business growth. The rapidly mounting number of API
manufacturing facilities in China combined with the supportive Indian
government schemes and policy like 100 percent FDI that attract international
players for business expansion adds to the business worth as well.
Latest News
·
January 2022
Pharmaron Beijing Co. Limited
has carried out the acquisition of Aesica Pharmaceuticals Limited from the
Recipharm group. The company’s Cramlington Site in the United Kingdom boasts of
extensive cGMP manufacturing services for a host of Active Pharmaceutical Ingredients,
both pilot scale as well as commercial scale.
The Cramlington unit has over 100 cubic
meter capacity and has received the approval from FDA, MHRA, and other
regulatory authorities. The acquisition will help Pharmaron expand its
world-class manufacturing and chemistry services.
Browse Full Report: https://www.marketresearchfuture.com/reports/small-molecule-api-market-763
Related Reports:
Enteral
Feeding Devices Market Research Report - Global Forecast till 2023
Cell
Culture Media Market Research report forecast to 2023
About US:
Market Research Future (MRFR) enable
customers to unravel the complexity of various industries through Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact us:
Market Research Future (part of Wantstats
Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013
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