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Extremely strong API market in Asia Pacific
Extremely strong API market in Asia Pacific
Dublin, July 22, 2024 (GLOBE NEWSWIRE) — The “Asia Pacific High Potency APIs Market: Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com’s offering.
The robust Asia-Pacific API market is projected to reach $25.68 billion by 2033 from $7.49 billion in 2023, growing at a CAGR of 13.11% during the forecast period 2023-2033.
The Asia Pacific high potency API market has a large number of established players with a portfolio of products and services. The key players in the Asia Pacific high potency API market analyzed and profiled in this study include well-established players offering high potency API products and services.
Rising incidence of cancer has driven the demand for high potency APIs and expanding therapeutic applications of these high potency APIs across various diseases are the major factors driving the growth of the high potency APIs market in APAC.
The high potency active pharmaceutical ingredients (HPAPIs) market in Asia Pacific is expanding rapidly due to the prevalence of chronic diseases and the growing demand for targeted therapeutic drugs. HPAPIs play a key role in the development of highly potent medicines, especially in the treatment of hormone imbalance, cancer, and certain other medical conditions. The market is growing due to the development of the pharmaceutical industry in the region, as well as improving manufacturing capabilities and technologies.
This expansion is being led by countries that benefit from strong infrastructure, a highly skilled workforce, and conducive legal frameworks. Moreover, the market potential is further boosted by the growth of contract manufacturing organizations (CMOs) and increasing investments in research and development. This study examines the future trends, key players, regulatory environment, and current market dynamics of the APAC HPAPI market, providing valuable inputs for stakeholders looking to capitalize on new business potential in this rapidly expanding industry.
Key attributes:
Report Attributes
detail
number of pages
60
Forecast Period
2023 – 2033
Estimated market value in 2023 (USD)
$7.49 billion
Market value forecast to 2033 (USD)
$25.68 billion
Compound Annual Growth Rate
13.1%
Target area
Asia Pacific
Key topics:
1. Market
1.1 Trends: Assessing current and future impacts
1.1.1 Trend 1: Advances in containment technology for high potency APIs
1.1.2 Trend 2: Increasing investment in high potency API manufacturing units
1.1.3 Trend 3: Pharma outsources production of high-potency APIs to CDMOs
1.2 Supply Chain/Value Overview
1.2.1 Supply chains and risks within the supply chain
1.2.2 Value Chain Analysis
1.3 Price Analysis
1.4 Patent application trends (by year and country)
1.5 Regulatory Status
1.6 Impact Analysis of Major World Events – COVID-19
1.7 Market Trends: Overview
1.7.1 Market Drivers
1.7.1.1 Increasing incidence of cancer will drive demand for adoption of high potency APIs
1.7.1.2 Advances in Drug Delivery Technology
1.7.1.3 Expanding Therapeutic Use of High Potency APIs
1.7.2 Market Opportunity
1.7.2.1 Increased focus on personalized medicine
1.7.2.2 Expanding opportunities for pharmaceutical companies in developing markets
1.7.3 Market constraints
1.7.3.1 Regulatory Complexity for High Potency API Manufacturing
1.7.3.2 High development and production costs
2. Region
2.1 Regional Overview
2.2 Asia Pacific
2.2.1 Regional Overview
2.2.2 Market Growth Drivers
2.2.3 Factors plaguing the market
2.2.4 China
2.2.5 India
2.2.6 Japan
2.2.7 Australia
2.2.8 South Korea
2.2.9 Rest of Asia Pacific
Three Markets – Competitive Benchmarking and Company Profiles
3.1 The next frontier
3.2 Geographical assessment
3.2.1 Asymchem Co., Ltd.
3.2.1.1 Overview
3.2.1.2 Major developments
3.2.1.3 Top Products/Products/Services Portfolio
3.2.1.4 Major Competitors
3.2.1.5 Key personnel
3.2.1.6 Analyst View
3.2.2 Dr. Reddy’s Laboratories Ltd.
3.2.3 Carbogen AMCIS
4. Research Method
For more information on this report, visit: https://www.researchandmarkets.com/r/pl86jy
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