The COVID-19 Drug Associated APIs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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As indicated by The Business Research Company's comprehensive COVID-19 Drug Associated APIs Global Market Report for 2024, the market for COVID-19 drug-associated APIs has exhibited robust growth in recent years. Projected to surge from $6.37 billion in 2024 to $6.75 billion in the same year, this represents a noteworthy compound annual growth rate (CAGR) of 5.9%. The upswing during the historical period is attributed to the escalating prevalence of COVID-19, augmented awareness regarding treatment options, widened access to pertinent drugs, surging demand for prophylactic solutions, government initiatives, and resilient supply chains.

Forecasts suggest a continued upward trajectory in the COVID-19 drug-associated APIs market, reaching an estimated $8.52 billion by 2028, accompanied by a CAGR of 6.0%. This prospective growth is linked to the evolution of novel COVID-19 drug modalities, a surge in clinical trials for these drugs, heightened demand for COVID-19 vaccines, the emergence of variants, vaccination campaigns, and an increased emphasis on pandemic preparedness. Key trends anticipated in the forecast period encompass bespoke API production, diversified sources for APIs, adoption of advanced manufacturing technologies, embracement of digitalization and data analytics, and a focus on sustainability and green chemistry.

High demand for antiretrovirals, antimalarials, sedatives, bronchodilators, and other respiratory drugs drives the demand for the active pharmaceutical ingredients (APIs) used in the production of COVID-19 drugs. Active pharmaceutical ingredients (APIs) are the biologically active components used in manufacturing pharmaceutical drugs. Remdesivir and Favipiravir are two common antiviral medications used currently for the treatment of COVID-19 patients. Remdesivir is a medication approved for emergency use in the USA and Japan for the treatment of COVID-19 patients. FDA has approved Airsupra (albuterol and budesonide) inhalation aerosol for the as-needed treatment or prevention of bronchoconstriction and to reduce the risk of asthma attacks in patients with asthma 18 years of age and older. Favipiravir, which is used to treat influenza in Japan, has also shown a positive effect on COVID-19 patients. As COVID-19 is a respiratory ailment, the demand for bronchodilators spiked significantly. Therefore, the increasing demand for antivirals, antimalarials, and bronchodilators is projected to boost the demand for the COVID-19 drug associated APIs market over the forecast period.

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The covid-19 drug associated apis market covered in this report is segmented –
1) By Drug Class: Antimalarials, Bronchodilators, Antibiotics, Antivirals, Other Drug Class
2) By Synthesis Type: Synthetic, Biotech
3) By Business Mode: Captive API, Merchant API

In the critical insurance market, a pivotal trend is emerging as insurance companies broaden the scope of critical illnesses covered in their policies. Prominent insurance entities are strategically incorporating coverage for a myriad of new diseases, including but not limited to Alzheimer’s disease, multiple sclerosis, Parkinson’s disease, and motor neuron diseases, in addition to existing coverage for cancer, stroke, coronary artery bypass, and heart attack. For example, the Parkinson's Foundation reports that in the U.S., approximately 1 million individuals currently suffer from Parkinson's disease, with an expected increase to 1.2 million by 2030. This expansion of the critical illness insurance spectrum is a driving force behind the escalating adoption of insurance policies.

The covid-19 drug associated apis market report table of contents includes:
1. Executive Summary
2. COVID-19 Drug Associated APIs Market Characteristics
3. COVID-19 Drug Associated APIs Market Trends And Strategies
4. COVID-19 Drug Associated APIs Market - Macro Economic Scenario
5. Global COVID-19 Drug Associated APIs Market Size and Growth.
.....

31. Global COVID-19 Drug Associated APIs Market Competitive Benchmarking
32. Global COVID-19 Drug Associated APIs Market Competitive Dashboard
33. Key Mergers And Acquisitions In The COVID-19 Drug Associated APIs Market
34. COVID-19 Drug Associated APIs Market Future Outlook and Potential Analysis
35. Appendix

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