Global Small Molecule API Market – Overview

The industry for small molecule API is anticipated to grow with a CAGR of 7.0 percent while touching revenues worth $279.7 billion in revenue approximately from 2016 to 2027.Development in the small molecule API can be attributed due to the growth observed in the pharmaceutical and chemical sector.

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The increasing growth of pharmaceutical sector has been beneficial to the expansion of the small molecule API market. Cardiovascular disorder segment is expected to grow at positively in the forecast period owing to increased consumer demand. The ease of procurement of raw materials has been advantageous to the development of the industry further. The industry is expected to gain momentum with the development of better distribution networks that will accelerate industry growth in the forecast period.

Key Players:

Albemarle Corporation

Allergan

Aurobindo Pharma

Cambrex Corporation

Dr. Reddy’s Laboratories

Glaxosmithkline

And others.

Segments:

Global small molecule API market has been segmented on the basis of types which comprises of synthetic/chemical API, biological API. On the basis of application the market is segmented into cardiovascular, oncology, diabetes, immunological disorders and others. On the basis of manufacturing method, market is segmented into In-house, Contract manufacturing.

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Global Competitive Analysis:

The corporate strategy of the competitors in the market is focused currently on capitalizing the dynamic pace of technological innovations which have led to plenty of changes both in terms of product development and handling competition. This particular trend has enabled portfolio improvement along with the affinity for diversification in the sector, which has indirectly enabled the players to use the valuable state of dealings available in this industry. The use of these prospects by contenders, who are trying to cultivate their industry stake by intensive expansion can stimulate the expansion of this industry. The companies are also moreover trying to create and capture financial in a suitable manner. This has elevated the potential for the forthcoming growth period significantly. The strategic decision-making process has increased the productivity of companies so that they maintain their company’s liquidity and sustain feasible to take effective choices in terms of strategy designing and implementation.

A few of the major contenders in this industry are Allergan Plc, Aurobindo Pharma, Albemarle Corporation, Dr. Reddy’s Laboratories Ltd, Glaxosmithkline Plc, Cambrex Corporation, Lonza, Merck Sharp & Dohme Corp., Mylan N.V. and Novartis AG to name a few.

Detailed Regional Analysis:

The small molecule API industry covers five regions majorly such as Latin America, Europe, Asia Pacific, North America, Middle East and Africa. The North American region is the biggest market for the small molecule API industry. The European region is the next largest region for the small molecule API industry. Additionally, the Asia pacific region is estimated to be the most rapidly growing region for small molecule API industry.

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