The Business Research Company High Power API Market 2022 – Opportunities and Strategies – Global Forecast to 2030
LONDON, GREATER LONDON, UK, October 25, 2022 /EINPresswire.com/ — The increase in the number of cancer cases contributed to the growth of the high potency API market. Cancer is a disease in which some of the body’s cells grow out of control and spread to other parts of the body. HPAPI specifically targets cancer cells while doing little or no damage to healthy cells. For example, according to 2021 data from the American Cancer Society, globally there were almost 19.3 million new cases of cancer (18.1 million not including non-melanoma skin cancer) and almost 10.0 million cancer deaths (9.9 million not including non-melanoma skin cancer) in 2020. Therefore, the increase in the number of cancer cases supported the growth of the high-potency API market.
High Power API market size is expected to grow from $19.77 billion in 2021 to $30.40 billion in 2026 at a rate of 9.0%. The high powered API market share is expected to grow at a CAGR of 9.5% from 2026 and reach $47.91 billion in 2031.
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Companies operating in the high-potency API market are focusing on increasing investment to increase HPAPI production. With the increasing prevalence of diseases, the demand for high-potency APIs is increasing. Therefore, to meet the growing demand for high powered APIs, companies in the market are increasing their investments. For example, in March 2022, Lyon, France-based Novasep, a group of companies involved in pharmaceutical and biopharmaceutical technologies, planned to invest €5.1 million ($5.44 million) to expand its production capacity. High Potency Active Pharmaceutical Ingredients (HPAPI). at its Le Mans site in France. Similarly, in March 2022, Sumitomo Chemical Co., Ltd. planned to build a new manufacturing plant for active pharmaceutical ingredients (APIs) and intermediates for small molecule drugs at its Oita plant (Oita city, Oita prefecture). , Japan).
The main actors covered in the world high power API industry they are Merck KGaA, Pfizer, Inc., Thermo Fisher Scientific, Inc., Teva Pharmaceuticals, Lonza Group AG.
The TBRC High Potency API market report is segmented by type into innovative HPAPI, generic HPAPI, by type of synthesis into synthetic HPAPI, biotech HPAPI, by therapeutic application in oncology, hormonal disorder, glaucoma, and other therapeutic applications.
High Potency API Market 2022 – By Type (Innovative HPAPI, Generic HPAPI), By Synthesis Type (Synthetic HPAPI, Biotech HPAPI), By Therapeutic Application (Oncology, Hormonal Disorders, Glaucoma, Other Therapeutic Applications), and By Region, Opportunities and Strategies: Global Forecast to 2031 is one of a series of new reports from The Business Research Company that provides an overview of the High Potency API market, forecasts the size and growth of the global High Potency API market for all market, segments of the global market for High Power API, geographies, High Power API market trends, High Power API global market drivers, restraints, revenue, profiles and market shares of top competitors.
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