Market Size –
The microbial API market size has grown strongly in recent years. It will grow from $58.19 billion in 2023 to $62.90 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased demand for drugs, an increase in the focus of government on healthcare and pharmaceuticals, an increased need to meet nutritional requirements, sustainability and cost-efficiency, and a rise in demand for biological drugs.
The microbial API market size is expected to see strong growth in the next few years. It will grow to $86.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing applications in the pharmaceutical industry, the rising prevalence of chronic conditions, increasing health care expenditure, increasing access to advanced medical infrastructure, increasing infections and antibiotic resistance. Major trends in the forecast period include advancements in fermentation and downstream processing technologies, innovations in microbial fermentation technologies, investments in bioprocessing, advancements in molecular biology and synthetic biology, and product innovation.
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Scope Of Microbial API Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Microbial API Market Overview
Market Drivers –
The microbial API market size has grown strongly in recent years. It will grow from $58.19 billion in 2023 to $62.90 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased demand for drugs, an increase in the focus of government on healthcare and pharmaceuticals, an increased need to meet nutritional requirements, sustainability and cost-efficiency, and a rise in demand for biological drugs.
The microbial API market size is expected to see strong growth in the next few years. It will grow to $86.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing applications in the pharmaceutical industry, the rising prevalence of chronic conditions, increasing health care expenditure, increasing access to advanced medical infrastructure, increasing infections and antibiotic resistance. Major trends in the forecast period include advancements in fermentation and downstream processing technologies, innovations in microbial fermentation technologies, investments in bioprocessing, advancements in molecular biology and synthetic biology, and product innovation.
Market Trends –
The microbial api market covered in this report is segmented –
1) By Type: Antibody, Peptide, Protein, Small Molecule, Vaccine
2) By Host: Mammalian, Bacterial, Fungal
3) By Site: In-House, Outsourced
4) By Molecule: Innovative, Generic
5) By End-Use: Pharmaceutical Companies, Biopharmaceutical Companies, Other End-Uses
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Regional Insights –
Asia-Pacific was the largest region in the microbial API market in 2023. The regions covered in the microbial api market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the microbial API market are BASF SE, Merck& Co Inc., AbbVie Inc., Bayer AG, Sanofi S.A., AstraZeneca Plc, GlaxoSmithKline Plc, Eli Lilly And Company, Boehringer Ingelheim GmbH, Amgen Inc., Evonik Industries AG, TEVA Pharmaceutical industries Ltd., Lonza Group AG, Catalent Inc., CSPC Pharmaceutical Group Ltd., Patheon, Dr. Reddy’s Laboratories Ltd., Siegfried Ltd., Recipharm AB, Shandong Lukang Pharmaceutical Co. Ltd., Tianjin Tianyao Pharmaceuticals Co. Ltd., Xellia Pharmaceuticals, Kolon Life Science Inc., Royal DSM NV, Henan Topfond Pharmaceutical Co. Ltd.
Table of Contents
1. Executive Summary
2. Microbial API Market Characteristics
3. Microbial API Market Trends And Strategies
4. Microbial API Market – Macro Economic Scenario
5. Global Microbial API Market Size and Growth
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31. Microbial API Market Other Major And Innovative Companies
32. Global Microbial API Market Competitive Benchmarking
33. Global Microbial API Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Microbial API Market
35. Microbial API Market Future Outlook and Potential Analysis
36.Appendix
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