Technological progressions to increase manufacturing capacity in API production offers higher market prospects in developed markets for Specialty Active Pharmaceutical Ingredients (API). The specialty-active pharmaceutical ingredients market is expected to surpass US$ 478.52 Billion by 2032.
Substantial investments in the growth of permitted specialty API is one of the most important variables among companies in the specialty API market. The specialty API market is anticipated to expand at a CAGR of over 8.6 % in terms of revenue consistently during the forecast period 2022-2032.
Specialty API Market: Key Developments
Rising cases of chronic diseases such as cardiovascular, diabetes, cancer, and infectious ailments are additionally offering potential prospects to the companies for the development of small-molecule APIs in the specialty API market
Progressions of analytical methods offer better characterization and quantification of the specialty APIs of interest which also decrease the production and time. For instance, the presentation of the latest LC/MS methods in the past few years which utilizes both – low levels of triethylamine (TEA) and hexafluoroisopropanol (HFIP) as a mobile-phase buffer, impel the refinement processes and as well reduce cost and time.
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Moreover, there has been substantial growth in proprietary chemical processes to augment production capabilities that have significantly bring down the production cost of specialty API.
Key Takeaways of Market Study
- Based on product type, the small molecules API category stays dominant in the specialty API market, during the forecast period.
- The growing acceptance of small molecules (non-biologics) due to myriad generic drugs in development and patent expiry has resulted in low-cost healthcare expenses which are projected to fuel the specialty API market.
Regional Insights
Europe continues to be a thriving market for specialty APIs because of the higher implementation rate of patented/innovative medicines followed by North America. The U. S. stays a flourishing nation in the global market and it has consistently reflected noteworthy annual growth rates of over 5.5% in 2020. Apart from North America and Europe, India, China, Japan, and GCC Countries reflect noteworthy prospects for specialty API market players.
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Competitive Landscape
The majority of the market players of the specialty API market are developing business strategies and highly innovative approaches to keep the market extensively consolidated.
The major market players are focusing on the growth of technologies, acquisition of medium and small-sized companies, and exclusive product licensing to keep up their strong market position. Also, partnerships, new product development, distribution agreements are the other approaches adopted by the prominent market players to lead themselves in the specialty API market.
For example, Anacor Pharmaceuticals, Inc. a top pharmaceutical company involved in building small molecule therapeutics API was taken over by Pfizer Inc, in June 2016.
Some of the key players in the specialty active pharmaceutical ingredients (API) market are,
Americas
- Inalco Pharmaceuticals
- Sussex Research Laboratories Inc.
- PolyPeptide Laboratories
- Nitto Denko Avecia Inc.
- Dalton Pharma Services
- Amneal Pharmaceuticals, Inc.
- Mylan NV
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Europe
- Corden Pharma International GmbH
- Pepscan Holding NV
- Provence Technologies Group
- BCN Peptides S.A.
- Senn Chemicals AG.
- Santaris Pharma A/S
- Sanofi
- Pfizer Inc.
- Jazz Pharmaceuticals, Inc.
Asia Pacific
- ST Pharm. Co. Ltd
- Symbiotec Pharma Lab Pvt. Ltd.
- Cadila Healthcare Ltd.
- Lupin Ltd.
Others:
- Amneal Pharmaceuticals, Inc.
- Cadila Healthcare Ltd.
- Jazz Pharmaceuticals Plc
- Lupin Ltd.
- Mylan NV
Key Segments of Specialty Active Pharmaceutical Ingredients (API) Market
Product Type:
- Small Molecules API
- Controlled Substances API
- HPAPI
- Peptides API
- Carbohydrate Drugs API
- Steroidal Drugs API
Consumption:
- In-house
- Outsourced
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