The pharmaceutical chemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pharmaceutical Chemicals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The pharmaceutical chemicals market size has grown strongly in recent years. It will grow from $129.54 billion in 2023 to $138.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to advancements in drug discovery, aging population, regulatory changes, increasing chronic diseases.
The pharmaceutical chemicals market size is expected to see strong growth in the next few years. It will grow to $182.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to personalized medicine, biopharmaceuticals and biosimilars, emerging markets, digital health and telemedicine. Major trends in the forecast period include precision drug manufacturing, gene and cell therapies, drug repurposing, vaccine development and production.
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Scope Of Pharmaceutical Chemicals 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.
Pharmaceutical Chemicals Market Overview
Market Drivers –
The increasing prevalence of neurological disorders is expected to propel the growth of the pharmaceutical chemicals market. A neurological disorder is a condition that affects the central and peripheral nervous system, including the brain, spinal cord and nerves found throughout the human body. Pharmaceutical chemicals are used to formulate and create neurological disorder drugs that help treat pain and movement disorders. For instance, according to the 2023 Alzheimer’s Disease Facts and Figures report by Alzheimer’s Association, a US-based voluntary health organization providing Alzheimer’s care and support, about 6 million Americans are living with Alzheimer’s in 2023 and is estimated to rise to nearly 13 million by 2030. Further, Alzheimer’s and other dementias will cost the nation $345 billion in 2023, estimated to reach $1 trillion by 2050. Therefore, the increasing prevalence of neurological disorders drives the pharmaceutical chemicals market.
Market Trends –
Major pharmaceutical chemical businesses are using new revolutionary technologies that are gaining traction in the pharmaceutical industry, such as software-as-a-service (SaaS) quantum chemistry platforms, to maintain their market position. SaaS (software-as-a-service) Quantum chemistry platforms are cloud-based platforms that offer subscription-based access to quantum chemistry software and resources. For instance, in April 2023, QC Ware Corp, a US-based provider of quantum computing software, launched Promethium, a software-as-a-service (SaaS) quantum chemistry platform. It is uniquely designed to accelerate pharmaceutical, chemicals and materials discovery with an advanced quantum chemistry toolset that uses H100 or A100 Tensor Core. The Promethium toolbox can calculate various chemical systems with around 100 atoms in seconds instead of minutes or hours using traditional algorithms.
The pharmaceutical chemicals market covered in this report is segmented –
1) By Product Type: Solvents; Reagents Or Catalysts; KSMs Or Intermediates; Building Blocks For APIs Or Advanced Intermediates
2) By Drug Type: Proprietary; Non-Proprietary
3) By Application: Cardiovascular Disease; Neurological Disease; Oncological Disease; Respiratory Disease; Gastrointestinal Disease; Musculoskeletal Disease
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Regional Insights –
North America was the largest region in the pharmaceutical chemicals market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pharmaceutical chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the pharmaceutical chemicals market are BASF SE, The Dow Chemical Company, Abbott Laboratories, Johnson Matthey PLC, Evonik Industries AG, Eastman Chemical Company, Koninklijke DSM N.V, Lanxess AG, Albemarle Corporation, Lonza Group AG, Clariant AG, W. R. Grace and Co, Jubilant Life Sciences Ltd., Sumitomo Seika Chemicals Co Ltd., Borregaard ASA, WeylChem International GmbH, Vertellus Holdings LLC, CABB Group GmbH, Dishman Carbogen Amcis Ltd., Hikal Ltd., Porton Fine Chemicals Ltd., Denisco Chemicals Pvt Ltd., CHEMADA Industries Ltd., Valaji Pharma Chem, Syntor Fine Chemicals Ltd., Kenko Corporation.
Table of Contents
1. Executive Summary
2. Pharmaceutical Chemicals Market Report Structure
3. Pharmaceutical Chemicals Market Trends And Strategies
4. Pharmaceutical Chemicals Market – Macro Economic Scenario
5. Pharmaceutical Chemicals Market Size And Growth
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27. Pharmaceutical Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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