Small Molecule API Market Valuation Worth USD 279.68 Billion by 2027 at 7% CAGR – Report by Market Research Future (MRFR)

New York, USA, Aug. 02, 2022 (GLOBE NEWSWIRE) — Small Molecule API Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Small Molecule API Market Information by Type, Application, Manufacturing Method, and Region – Forecast till 2027”, the small molecule API market size will expand at a rate of 7.0% between 2020 and 2027, while touching USD 279.68 Billion by 2027.

Market Synopsis

Small molecules can be described as organic components that have low molecular weight. Small molecule APIs are active ingredients that are extensively utilized in a variety of biological and pharmaceutical procedures. Moreover, APIs can be combined with any pharmaceutical product. It is a vital component of the pharmaceutical industry. Molecules are highly effective in the diagnosis, prevention, and treatment of diseases.  

The need for small molecular APIs has been rising rapidly in the pharmaceutical sector, given the huge application scope of these chemically active ingredients.

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Report Scope:

Small Molecule API Market Competitive Landscape:

The affluent companies in the small molecule API industry 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.

Most of these renowned companies are focused on adopting strategies, like product and technological innovations, expansion in production capacity, agreements and mergers & acquisitions. A surge in the production capacity has become one of the top strategies of these players to cater to the mounting 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 cater to the mounting need among end-users for high-quality small molecule APIs as well as intermediates.

Small Molecule API Market USP Covered:

Market Drivers:

The small molecule API market is extremely lucrative, in light of the escalating cases of infectious and chronic disorders, and the soaring number of contract research manufacturers. The surge in drug discovery, advances in the pharmaceuticals sector, along with the heightened focus on conducting rigorous research & development activities will bolster the market value.

Small molecules are increasingly being used as API in the healthcare industry. Small molecules provide a host of critical benefits, a lot more than large molecule APIs. A small molecule can be easily used to provide an efficient therapeutic impact even with a tiny dose, which can be less than 10 mg.

Market Restraints:

Low awareness levels regarding small molecule APIs in underdeveloped countries and their poor economic standards could challenge the worldwide market in the long run. Also, substandard healthcare infrastructure in these nations and budgetary constraints can have a detrimental effect on the global market.

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Small Molecule API Market COVID 19 Analysis

The COVID-19 outbreak’s notable impact has led to various repercussions on the health status of people across the world. The aftermath is linked with the significant social and economic burden on people worldwide. While the major policymakers are implementing new frameworks and industries are adopting advanced models of expansion to maintain their relevance, people are facing a series of mental trauma.

Around the world, the rising cases have spurred mental, and economic issues, especially among the elderly. Additionally, the younger populace has been dealing with challenges owing to loss of livelihoods and is opting for family care to address the repercussions. The focus is largely on the treatment of COVID-19 and the development of a vaccine, which steers attention away from other markets. These factors will most likely be unfavorable for the small molecule API in the years to come.

Small Molecule API Market Segmentation

By Type

Types of small molecule APIs include Synthetic/Chemical API along with Biological API. The synthetic segment is in the lead owing to the heightened demand for the same in the pharmaceutical industry, which in turn raises the need for raw materials like small molecule APIs during production. Moreover, the provision of easy production of such molecules, as well as their high effectiveness, further elevates the segmental position.

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By Application

The top applications of small molecule APIs are Cardiovascular, Oncology, Diabetes, Immunological Disorders, and more. The cardiology segment forms the highest share in the market, on account of the rising cases of cardiovascular conditions worldwide. These escalating cases are due to bad eating habits and a sedentary lifestyle.  

By Manufacturing Methods

Manufacturing methods include In-House as well as contract. The in-house segment has the biggest revenue share in the market, as a result of the mounting number of manufacturers producing APIs themselves, in order to reduce the dependency on suppliers for chief raw materials.

Small Molecule API Market Regional Insights

North America is the top gainer in the small molecule API market, with significant contributions from the US, Mexico, as well as Canada. These countries are spending substantially on the pharmaceutical industry, while also experiencing a notable rise in focus on drug development, as well as extensive research activities.

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Asia Pacific shows great promise in the worldwide market and will be achieving the fastest growth rate in subsequent years. The region’s incredible expansion can be accredited to the low costs of small molecule APIs in the region and the strong pipeline of new drugs. The rapidly soaring number of API production units in China along with the favorable Indian government policies and schemes such as 100 percent FDI attracting global companies for business set up will ensure relentless market growth. Additionally, the presence of renowned manufacturers in huge numbers who supply products globally enhance the market size as well. Rising government support in India for spending on API business further accelerates the market growth. For instance, in March 2022, Lonza completed the expansion of a laboratory in its API manufacturing facility in China, which will allow it to focus more on small molecule high potency APIs.

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