In a recent published report, Kenneth Research has updated the market report for High Potency API /HPAPI Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for High Potency API /HPAPI Market products.
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The global High Potency API /HPAPImarket was valued at USD 16billion in 2016 and is projected to reach USD 33.15billionby 2025, growing at a CAGR of 8.43% from 2017 to 2025.
A significant proportion of new drugs under development contain high-potency active pharmaceutical ingredients (HPAPIs), which is leading to explosive growth in demand for their production. The cytotoxicity of the drugs and high capital required can be possible restrains for the market.
1. Market Drivers
1.1 Increasing scope of oncology drug market
1.2 Increase in demand of antibody based drugs
1.3 Technological advancements in HPAPI
1.4 Interest In HPAPI by major players
2. Market Restraints
2.1 High initial investments
2.2 Stringent regulations
1. By Therapeutic Application:
1.2 Hormonal Imbalance
1.4 Other Therapeutic Applications
2. By Type of manufacturers:
2.1 Captive Manufacturers
2.2 Merchant Manufacturers
2.3 Merchant HPAPI Manufacturers Market, By Type
2.3.1 Innovative Merchant HPAPI Manufacturers
2.3.2 Generic Merchant HPAPI Manufacturers
2.4 Merchant HPAPI Manufacturers Market, By Type of Synthesis
2.4.1 Synthetic HPAPIs
2.4.2 Biotech HPAPIs
3. By Type of Synthesis:
3.1 Synthetic High Potency Active Pharmaceutical Ingredients
3.2 Synthetic High Potency Active Pharmaceutical Ingredients Market, By Type
3.2.1 Innovative Synthetic HPAPIs
3.2.2 Generic Synthetic HPAPIs
3.3 Biotech High Potency Active Pharmaceutical Ingredients
3.3.1 Biotech High- potency Active Pharmaceutical Ingredients Market, By Type
184.108.40.206 Innovative Biotech HPAPIs
4. By Type:
4.1 Innovative High Potency Active Pharmaceutical Ingredients
4.2 Generic High Potency Active Pharmaceutical Ingredients
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Pfizer, Inc.
2. Novartis International AG
4. F. Hoffmann-La Roche Ltd.
5. Bristol-Myers Squibb
7. Teva Pharmaceutical Industries Ltd.
8. ELI Lilly and Company
9. Merck & Co., Inc.
10. Abbvie Inc.
11. Mylan N.V.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the High Potency API /HPAPImarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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