The HP (High Potency) APIs by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s HP (High Potency) APIs, The hp (high potency) apis market size has grown strongly in recent years. It will grow from $23.39 billion in 2023 to $25.5 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing demand for oncology therapies, rising emphasis of pharmaceutical companies on manufacturing of hpapis, a rise in healthcare awareness and expenditure, strong economic growth in emerging markets and increasing government initiatives..
The hp (high potency) apis market size is expected to see strong growth in the next few years. It will grow to $36.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to a rise in the number of cancer cases, growing focus on precision medicine and increasing ageing population will drive the growth. . Major trends in the forecast period include focus on strategies such as production facility expansion and mergers and acquisitions, focus on increasing investments to grow hpapi production, use of artificial intelligence (ai) in manufacturing apis, focus on green manufacturing and focus on launch of new, innovative products..
The rising number of cancer cases coupled with increasing sales of cancer drugs contributed to the growth of the HP (high potency) APIs market. The rising incidence of cancer is resulting in increasing R&D for anticancer drugs which in turn is propelling the demand for the market. According to the World Health Organization’s International Agency for Research on Cancer (IARC) report, the cancer burden is expected to increase by 29.5 million new cases and 16.4 million deaths by 2040, globally. Moreover, 70% of deaths from cancer occur in middle and low-income countries. Therefore, the growing incidence of cancer cases is projected to upsurge revenues for the HP (high potency) APIs market growth.
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The hp (high potency) apis market covered in this report is segmented –
1) By Type: Innovative HPAPI, Generic HPAPI
2) By Synthesis Type: Synthetic HPAPI, Biotech HPAPI
3) By Therapeutic Application: Oncology, Hormonal Disorder, Glaucoma, Other Therapeutic Applications
The companies dealing in the HP (high potency) APIs market are focusing on strategies such as production facility expansion and mergers and acquisitions to maintain their position in the competitive business environment. For instance, in June 2022, MilliporeSigma, a US-based global life science business, opened the doors to its $65 million facility for the production of high-potency active pharmaceutical ingredients (HPAPI), with an emphasis on cancer treatments.
The hp (high potency) apis market report table of contents includes:
1. Executive Summary
2.HP (High Potency) APIs Market Characteristics
3.HP (High Potency) APIs Market Trends And Strategies
4.HP (High Potency) APIs Market analysis
5.HP (High Potency) APIs Market Size And Growth
6.HP (High Potency) APIs Segmentation
7.HP (High Potency) APIs Regional And Country Analysis
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27.HP (High Potency) APIs Competitive Landscape And Company Profiles
28.HP (High Potency) APIs Key Mergers And Acquisitions
29.HP (High Potency) APIs Future Outlook and Potential Analysis
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