NEW YORK, Jan. 17, 2022 /PRNewswire/ -- 42% of the market's growth will originate from North America for the small molecule API Market The US is a key market for small molecule API in the region. However, the market growth rate in this region will be slower than the growth of the market in Asia. The rising geriatric population in the US and the growing prevalence of chronic diseases will boost the small molecule API market growth in North America over the forecast period. The small molecule API market estimates a market value of USD 71.10 billion from 2021 to 2026. In addition, the report projects the market to progress at a CAGR of 7.89% as per the market forecast report by Technavio.
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Small Molecule API Market: Evolving small-molecule API manufacturing scenario in developing countries to drive growth
India and China are tremendously evolving as viable sources for key intermediates and bulk actives. With the presence of developed infrastructure and growing economic development, India and China have started producing high-quality small-molecule APIs and drug intermediates for regulated markets. The innovators have started focusing on these countries for outsourcing late-stage intermediates, and a few global manufacturers have formed joint ventures with local small-molecule API manufacturers. The innovators are immensely partnering with local API manufacturers for high-quality bulk manufacturing activities, particularly with those in developing countries, resulting in low development and production costs. The manufacturing cost of APIs on average for generic oral solids, such as tablets and capsules, accounts for approximately 40%-50% of the production cost. Generic drug vendors seek competitive advantages by outsourcing bulk drug manufacturing activities to renowned small-molecule API manufacturers in developing countries that can deliver small-molecule APIs at a low cost.
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Small Molecule API Market: Segmentation Analysis & Revenue Generating Segment
This market research report segments the small molecule API market by Deployment (captive APIs and contract APIs) and Geography (North America, Asia, Europe, and ROW).
The small molecule API market share growth by the captive APIs segment will be significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the small molecule API market size and actionable market insights on each segment that can help in creating efficient business plans & strategies.
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Small Molecule API Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.89%
Market growth 2022-2026
USD 71.10 billion
YoY growth (%)
North America, Asia, Europe, and ROW
Performing market contribution
North America at 42%
Key consumer countries
US, China, Japan, India, and Germany
Leading companies, competitive strategies, consumer engagement scope
Aurobindo Pharma Ltd., Cambrex Corp., Cipla Inc., Dr. Reddys Laboratories Ltd., GlaxoSmithKline Plc, Merck KGaA, Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd., and Viatris Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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