An important aspect of the pharmaceutical manufacturing industry is High Potency Active Pharmaceutical Ingredients (HPAPI). The High Potency API Market analysis offers a range of different products from clinical domains including drugs that have application in oncology and hormonal imbalance. However, most HPAPIs are used for the production of cancer drugs with a number of innovations, including packaging, which are fueling market expansion.
According to the NCBI, National Center for Biotechnology Information, atrial fibrillation is the most common cardiac arrhythmia and it is estimated that 6 to 12 million people worldwide will suffer from this condition in the United States by 2050 and 17.9 million people in Europe by 2060. Also, people of European descent are more likely to have atrial fibrillation than African Americans. Thus, the prevalence of cardiovascular disease cases worldwide along with the increase in the number of other multigenic diseases is expected to lead to the growth of high potency API market trends. In addition, the increase in the outsourcing process for the production of HPAPIs, together with the developments of favorable regulatory frameworks, the production of highly effective high-potency APIs, the increase in demand for antibody-drug conjugates and government initiatives to expand The use of generics are the factors accelerating the growth of the market size of high potency APIs.
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The global High Potency APIs Market generated $19.7 billion in 2021, and is projected to reach $41.4 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
- • The COVID-19 outbreak has positively impacted the growth of the global high potency API market as major industry players have increased investments to develop high potency APIs for the treatment of communicable diseases.
- • However, disruptions in the supply chain have led to a shortage of raw material supplies during the pandemic. This has had a moderate impact on global market growth during the COVID-19 pandemic.
Based on product type, the innovative high-potency API segment held the major market share in 2021, holding more than two-thirds of the global high potency APIs market share, and is expected to maintain its leadership status during the forecast period. Furthermore, the same segment, is expected to cite the fastest CAGR of 8.2% during the forecast period. The report also includes other segments such as generic high-potency API.
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According to the app, the oncology segment held the largest market share in 2021, accounting for more than half of the global high-potency API market share, and is expected to maintain its leading status during the forecast period. Additionally, the same segment is expected to cite the highest CAGR of 8.9% during the forecast period. The report also includes other segments such as hormone imbalance, glaucoma, and others.
Based on region, North America market held the largest market share in 2021, with more than two-fifths of the global market share of high potency APIs and is expected to maintain its leading status during the forecast period. . However, the Asia-Pacific High Potency API market is expected to quote the fastest CAGR of 9.5% during the forecast period. The report also looks at other regions such as Europe and LAMEA.
The key players analyzed in the global high potency APIs market report include
Boehringer Ingelheim International GmbH,
Eli Lilly and Company,
F. Hoffmann- La Roche Ltd.,
Novartis AG, Pfizer Inc.,
and Teva Pharmaceutical Industries Ltd.