Globally the Small Molecule API Market is increasing rapidly. The major factors that drive the growth of small molecule API are rise in demand for the small molecule drugs, entry of big CMO’s into the business, Development in the infrastructure in the pharmaceutical industry, rising access to the medication in the people from developing and underdeveloped countries and others. Globally the market for small molecule API is expected to grow at the rate of about 7.0% from 2016 to 2027.
The Global Small Molecule API Market and is expected to reach $279.7 billion by 2027. Synthetic/Chemical API holds the largest share of 81.4% of the global small molecule API market. North America holds the largest market share of 38% of global small molecule API market and is anticipated to reach $106.3 billion by the end of forecast period. Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 7.3% during the forecast period. Cardiovascular disorder segment holds the largest market share in 2015, and expected to continue the similar growth throughout the forecast period.
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Key Players for Global Small Molecule API Market
Some of the key players in this market are: Albemarle Corporation, Allergan Plc, Aurobindo Pharma, Cambrex Corporation, Dr. Reddy’s Laboratories Ltd, Glaxosmithkline Plc, Lonza, Merck Sharp & Dohme Corp., Mylan N.V., Novartis AG, Pfizer Inc., Siegfried AG, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd and others.
Segments for Global Small Molecule API Market
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.
Regional Analysis for Global Small Molecule API Market
Globally North America is the largest market for small molecule API. Europe is the second-largest market for small molecule API. Furthermore Asia pacific market is expected to be the fastest growing market for small molecule API.
The report for Small Molecule API Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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