High Potency APIs Market Overview 2018-2023: Diversely changing Market Trends with Potential Business Growth
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The global High Potency APIs Market is expected to reach US$ 26.84 Billion by 2023 from US$ 17.72 Billion in 2018, at a CAGR 8.7%. The growth in this market is driven by factors such as increasing demand for oncology drugs, growing demand for antibody-drug conjugates, increasing focus of leading pharmaceutical companies on HPAPIs, advancements in HPAPI manufacturing technologies, and growing focus on precision medicine.
North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to grow at the highest CAGR of 11.8% during the forecast period. Factors such as growth in geriatric population, high prevalence of chronic and lifestyle diseases, increase in disposable income, prevalence of lifestyle- and age-related diseases, government efforts to reform healthcare and encourage the adoption of generics, and growing market for merchant manufacturers in this region owing to the low labor and manufacturing costs are driving the growth of the high potency apis market in Asia.
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The Study Objectives of this report are:
- To strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
- To forecast the size of the market segments of North America, Europe, Asia, and the Rest of the World (RoW)
- To define, describe, and forecast the global High Potency API market on the basis of type, type of manufacturer, type of synthesis, the rapeutic application, and region
- To profile key players and comprehensively analyze their product portfolios, market positions, and core competencies
- To track and analyze competitive developments such as agreements, partnerships, collaborations, and alliances; mergers and acquisitions; expansions; and R&D activities in the global High Potency APIs market
Top Key Players in the “High Potency APIs Market” include are
- Pfizer (US)
- Novartis International AG (Switzerland)
- Sanofi (France)
- F. Hoffmann-La Roche (Switzerland)
- Bristol-Myers Squibb (US)
- Boehringer Ingelheim (Germany)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Eli Lilly and Company (US)
- Merck (US)
- AbbVie (US)
- Mylan (US)
- Bayer (Germany)
Target Audience:
- Distributors and suppliers of HPAPIs
- Manufacturers of High Potency API
- Potential investors in the HPAPI market
- Pharmaceutical companies
- Biotechnology companies
- Contract manufacturing organizations
- Healthcare payers
- Life science research centers
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Reason to buy this report:
- The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall High Potency APIs market and its subsegments.
- This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies.
- The report also will also help stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.
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