Small Molecule API Market Information and Trends by Types (Synthetic/Chemical API and Biological API), Application (Cardiovascular, Oncology, Diabetes, Immune Disorders, and Others), Manufacturing Method (In-House and Contract), and Region (North America , Europe, Asia-Pacific and Middle East and Africa), competitive market growth, size, share and forecast to 2027
New York, USA, August 2, 2022 (GLOBE NEWSWIRE) — Small Molecule API Market Overview
According to a comprehensive research report from Market Research Future (MRFR), “Small Molecule API Market Information by Type, Application, Manufacturing Method and Region – Forecast to 2027”, the small molecule API market size will expand at a rate of 7.0% between 2020 and 2027, while reaching USD 279.68 billion by 2027.
Market Overview
Small molecules can be described as organic compounds that have a low molecular weight. Small molecule APIs are active ingredients that are widely used in a variety of biological and pharmaceutical processes. Furthermore, APIs can be combined with any pharmaceutical product. It is a vital component of the pharmaceutical industry. The molecules are highly effective in the diagnosis, prevention and treatment of diseases.
The need for small molecule APIs has increased rapidly in the pharmaceutical sector, given the enormous scope of application of these chemically active ingredients.
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Scope of the report:
|
report attribute |
Details |
|
Market size 2027 |
$279.68 billion |
|
CAGR |
7% |
|
base year |
2019 |
|
forecast period |
2020-2027 |
|
Historic information |
2018 |
|
Forecast Units |
Value (billions of USD) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors and Trends |
|
Covered segments |
By types, applications, manufacturing method |
|
Covered Geographies |
North America, Europe, Asia-Pacific and Rest of the World (RoW) |
|
Key Market Drivers |
The rising rate of chronic diseases and the growing awareness of health |
|
Technological advances in the health sector |
Competitive Landscape of Small Molecule API Market:
Successful companies in the small molecule API industry are
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Albemarle Corporation
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Allergan Plc
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Aurobindo Pharma
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Cambrex Corporation
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Dr Reddy’s Laboratories Ltd
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Glaxosmithkline Plc
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Lonza
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Merck Sharp & Dohme Corp.
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Mylan N.V.
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Novartis AG
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pfizer inc.
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Siegfried AG
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Sun Pharmaceutical Industries Ltd.
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Teva Pharmaceutical Industries Ltd.
Most of these big-name companies are focused on adopting strategies, such as technological and product innovations, expansion in production capacity, deals, and mergers and acquisitions. An increase in production capacity has become one of the main strategies of these players to meet the growing demands of the pharmaceutical sector.
To cite a reference, in March 2022, Sumitomo Chemical Co. Ltd. invested in the development of a new production unit in Japan to meet the growing need among end-users for high-quality small molecule APIs as well as products intermediates.
USP Small Molecule API Market Covered:
Market indicators:
The small molecule API market is extremely lucrative, in light of escalating cases of infectious and chronic diseases, and the growing number of contract research manufacturers. The increase in drug discovery, advances in the pharmaceutical sector, along with the increased focus on conducting rigorous research and development activities, will drive market value.
Small molecules are increasingly used as APIs in the healthcare industry. Small molecules provide a host of critical benefits, far more so than large molecule APIs. A small molecule can be easily used to provide an effective therapeutic effect even at a small dose, which may be less than 10 mg.
Market restrictions:
Low levels of awareness of small molecule APIs in underdeveloped countries and their low economic standards could challenge the global market in the long run. Additionally, poor healthcare infrastructure in these nations and budget constraints can have a detrimental effect on the global market.
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COVID-19 Analysis of the Small Molecule API Market
The remarkable impact of the COVID-19 outbreak has had various repercussions on the health status of people around the world. The consequences are linked to the significant social and economic burden on people around the world. While major policymakers are implementing new frameworks and industries are adopting advanced expansion models to stay relevant, people are facing a series of mental traumas.
Around the world, the increase in cases has caused mental and economic problems, especially among the elderly. Additionally, the younger population has been dealing with challenges due to loss of livelihoods and is turning to kinship care to address the repercussions. The focus is largely on treating COVID-19 and developing a vaccine, diverting attention from other markets. These factors are very likely to be unfavorable for the small molecule API in the coming years.
Small Molecule API Market Segmentation
By type
Types of small molecule APIs include synthetic/chemical APIs along with biological APIs. The synthetic segment is leading the way due to increased demand for it in the pharmaceutical industry, which in turn increases the need for raw materials such as small molecule APIs during production. In addition, the provision of easy production of said molecules, as well as their high efficiency, further elevates the position of the segment.
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per application
The main applications of small molecule APIs are cardiovascular, oncology, diabetes, immune disorders and more. The cardiology segment constitutes the largest share in the market, due to the increase in cases of cardiovascular conditions worldwide. These increasing cases are due to poor eating habits and sedentary lifestyle.
By manufacturing methods
Manufacturing methods include both in-house and contract. The domestic segment has the largest revenue share in the market, as a result of the growing number of manufacturers producing APIs themselves, to reduce dependency on suppliers of major raw materials.
Regional Small Molecule API Market Outlook
North America is the main winner in the small molecule API market, with significant contributions from the US, Mexico and Canada. These countries are spending substantially on the pharmaceutical industry, while experiencing a notable increase in focus on drug development, as well as extensive research activities.
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Asia Pacific shows great promise in the world market and will achieve the fastest growth rate in the coming years. The incredible expansion of the region can be credited to the low costs of small molecule APIs in the region and the strong pipeline of new drugs. The rapidly growing number of API production units in China, coupled with the Indian government’s favorable policies and schemes, such as 100 percent FDI attracting global companies to set up business, will ensure relentless market growth. Furthermore, the presence of a large number of renowned manufacturers supplying products globally also enhances the size of the market. The increasing government support in India to spend on API business further accelerates the growth of the market. For example, in March 2022, Lonza completed a laboratory expansion at its API manufacturing facility in China, allowing it to focus more on high-potency, small-molecule APIs.
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