High Potency APIs Market Global Synopsis, Future Scope, Top Key Players and Forecast to 2030
High potency APIs facilitate precision and targeted therapy approach.
Thus, the rising prevalence of chronic and old age diseases have intensified the
demand for HPAPIs.
The high
potency APIs market will rake USD 47.77 billion in
revenues while expanding with an 8.90% CAGR in the 2022-2030.
The rapid expansion of cancer patient pool is forecasted to accelerate
the revenue creation for the market players globally. According to ‘Our World
in Data’, 8.9 million people are estimated to have succumbed to cancer in 2016.
Investments are expected to flow towards drug development which is likely to
augment the global market through the review period. The competitive landscape
of the market is highly lucrative and rising investments is prognosticated to
boost the manufacturing of HPAPIs. Furthermore, the key players are anticipated
to strategize agreements, acquisitions, and partnerships for gaining edge over
competitors.
The developments witnessed in the healthcare sectors of the
fast-developing economies such as China, India, and Japan are forecasted to
revolutionize the HPAPI market in the foreseeable future. Nevertheless, lack of
global regulatory framework is expected to hold the expansion of the market across
the projection period.
Major Key
Players:
Some of the High Potency APIs Market
Players are Teva Pharmaceuticals, SAFC, Carbogen
Amics, Bristol-Myers Squibb, Asymchem, Lonza, Bayer AG, Boehringer Ingelheim,
and Sanofi.
Segment Analysis
This MRFR’s report offers a detailed segmental
analysis of the global high potency apis market based on product, type and
therapeutic area. By product, the global market has been segmented into biotech
and synthetic. The rising demand for antibody-drug conjugates (ADCs) is
expected to propel the expansion of the biotech segment in the foreseeable
future.
By type, the market has been segmented into novel or
innovative, and generic. The growth of the innovative segment can be ascribed
to the availability of massive funds for research & development by the
manufacturers.
By therapeutic area, the market has been segmented
into oncology, glaucoma, hormonal, and others. The glaucoma segment is
projected to witness substantial growth in demand over the assessment period.
Regional Analysis
The hpapi market, by region,
has been segmented into Americas, Europe, Asia Pacific, and the Middle East
& Africa. North America is one of the key regional markets of the global
market. It is expected to witness substantial growth over the next couple of
years. The strong value maintained by the healthcare sector in the region coupled
with the rising prevalence of chronic diseases is projected to drive the
expansion of the market in the upcoming years. The region accounts for a
significant share of the cancer patient pool which is another major factor
responsible for the growth of the regional market.
Investments are likely to flow
towards the market, thus, catalyzing drug innovations and drug developments in
the market. The support extended by governments in the form of favorable
regulations are anticipated to aid the market proliferation during the review
period.
The region is poised to witness
demand generation at a rapid pace for effective and highly potent drugs, which
is likely to pave the way for clinical researches. This, in turn, has been
expected to catapult the market in North America on an upward trajectory. The
factors that are predicted to indirectly favor the expansion of the market are
increasing incidences of old age diseases, changing lifestyle, rising count of
biotechnology industries, etc.
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