Global Small Molecule API Market

Small Molecule API Market Size, Share, Growth Analysis, By Type (Synthetic, Biotech), By Manufacturer (In-house, Outsourced), By Application (Cardiology, Oncology), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2356 | Region: Global | Published Date: November, 2024
Pages: 172 | Tables: 95 | Figures: 67

Small Molecule API Market News

  • Lonza, a leading Swiss multinational manufacturer for biotechnology and pharmaceutical industries announced the launch of its new AI service to fast track the development of small molecules in April 2024. This was aimed at streamlining the complexity of small molecule API development process.
  • Veranova, a leading provider of APIs revealed its plans to invest USD 30 million to expand its manufacturing capabilities in July 2024. The investment is intended to be used for the Devens, Massachusetts facility as demand for small molecules increases in the United States.
  • WuXi AppTec, a renowned name in the healthcare manufacturing space announced the launch of its new API manufacturing facility while it increased its Peptide manufacturing capacity in Taixing, China in January 2024.
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FAQs

Global Small Molecule API Market size was valued at USD 184.85 billion in 2022 and is poised to grow from USD 194.90 billion in 2023 to USD 297.76 billion by 2031, growing at a CAGR of 5.44% in the forecast period (2024-2031).

Reducing the costs and complexity of small molecule API manufacturing should be the prime focus of market players. Collaborations and mergers will also play a vital role in helping small molecule API companies maximize their business scope in the long run. Investing in research and development of advanced small molecule API will also be an unmissable strategy for all small molecule API suppliers going forward. 'Johnson Matthey (UK) ', 'Pfizer Inc. (US) ', 'Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd. (China) ', 'Sanofi S.A. (France) ', 'Novartis AG (Switzerland) ', 'Bristol-Myers Squibb (US) ', 'Boehringer Ingelheim GmbH (Germany) ', 'GlaxoSmithKline PLC (UK) ', 'GILEAD Sciences Inc. (US) ', 'Albany Molecular Research Inc. (US) ', 'AstraZeneca (UK) ', 'Merck & Co. Inc. (US) ', 'BASF SE (Germany) ', 'Teva Pharmaceuticals (Israel) ', 'Hoffmann-La Roche Ltd. (Switzerland) ', 'Albemarle Corporation (US) ', 'AbbVie (US) ', 'Aurobindo Pharma (India) ', 'Cambrex Corporation (US) ', 'Dr. Reddy’s Laboratories Ltd. (India) ', 'Lonza (Switzerland) ', 'Merck KGaA (Germany) ', 'Siegfried Holding AG (Switzerland) ', 'Sun Pharmaceutical Industries Ltd. (India)'

Poor lifestyle choices have led to an increased prevalence of multiple chronic disorders around the world and this is boosting the demand for pharmaceuticals as well. Increasing demand for pharmaceuticals is projected to favor small molecule API market growth as well.

Rise of Personalized Medicine: Small molecule API providers can focus on optimizing their business models to suit the needs of personalized medicine, which is gaining popularity on a global level. Developing small molecule API for niche markets and individuals will offer good returns for all market players in the future.

North America is slated to account for a dominant share of the global small molecule API market. Presence of key pharmaceutical companies, rising costs of healthcare, and growing demand for generic drugs are projected to key factors helping small molecule API demand outlook in this region. The United States is projected to spearhead small molecule API market growth in North America followed by Canada. High investments in medical R&D and supportive government initiatives for the same are also expected to create new opportunities for small molecule API providers operating in North America.

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Global Small Molecule API Market

Report ID: SQMIG35I2356

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