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Swabs Collection Kits Market with Developing Technologies, Investment Opportunities, Revenue and Forecast

Posted by Yogesh Mali on March 27, 2023 at 2:54am 0 Comments

Swabs Collection Kits Market research report has the most recent market information with which companies can get in depth analysis of Swabs Collection Kits Market industry and future trends. With the market statistics included in the industry analysis report, getting a global perspective for the international business has become quite easy. By knowing the marketing strategies of rivals, businesses can decide upon innovative ideas and striking sales targets. All this ultimately helps them…


Hair Transplant Market Overview | Major Vendors Demand | 2023 Analysis and Forecasts Till 2030

Posted by Diksha Pote on March 27, 2023 at 2:53am 0 Comments

Market Scope

Market Research Future (MRFR) projects the hair transplant market Trend to record 26.5% CAGR during the evaluation period (from 2022 to 2027), says MRFR (Market Research Future). The market size shall touch USD 42 Billion by 2027.

Major Drivers and Challenges

Androgenic alopecia is a serious condition that affects over 56% of the men and 28% of women worldwide, presenting cases of pattern baldness. Fast receding hairlines along with hair fall are generally…


Global Active Pharmaceutical Ingredient Industry - Current Trends & Emerging Growth Prospects

Emerging Growth Prospects:

Growth in API Outsourcing: With increasing pressure from both regulators and payers, pharmaceutical companies are increasingly outsourcing API production to third-party manufacturers. This trend is expected to continue.

Growing Complexity of API Molecules: The active pharmaceutical ingredients (API) used in modern drugs are becoming increasingly complex. This complexity is driving up costs and creating new opportunities for API producers.

Expansion of Generic Drugs: Generics represent a rapidly growing segment of the global pharmaceutical market. Generic drug manufacturers require APIs to create their products, creating new opportunities for API producers.

Rising Demand for Biosimilars: Biosimilars are biologic drugs that are similar to existing biologics but are not identical. Biosimilars require APIs that are complex and expensive to produce, creating a new market opportunity for API producers.

Investment in Manufacturing Capacity: API producers are investing heavily in new manufacturing capacity to meet the growing demand for APIs. This is making the API production industry increasingly competitive.

Projected Revenue Surge in Near Future:

The global active pharmaceutical ingredient market in terms of revenue was estimated to be worth $145.9 billion in 2022 and is poised to reach $216.4 billion by 2027, growing at a CAGR of 8.2% from 2022 to 2027.

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Market Growth Drivers

# Pharmaceutical and biopharmaceutical capacity expansion
# Growing importance of generics
# Increasing uptake of biopharmaceuticals
# Technological advancements in API manufacturing
# Focus on precision medicine
# Increasing incidence of chronic diseases

Market Growth Opportunities

# Emerging biosimilars market
# Highly potent active pharmaceutical ingredients
# Emerging markets
# Emerging technologies/processes

Market Challenges

# Increasing penetration of counterfeit drugs

The prominent players operating in the active pharmaceutical ingredient market are Pfizer, Inc. (US), Novartis AG (Switzerland), Sanofi (France), Boehringer Ingelheim (Germany), Bristol-Myers Squibb (US), Teva Pharmaceutical Industries Ltd. (Israel), Eli Lilly and Company (US), GlaxoSmithKline plc (UK), Merck & Co., Inc. (US), AbbVie Inc. (US), among others.

Pfizer is one of the leading players in the APIs market. The leading position of the company is majorly attributed to its exhaustive product portfolio. The company has a strong brand image, which gives it a competitive edge over other players.

Novartis is another leading player in the APIs market. Its robust product portfolio strong brand recognition can be attributed for the leading position. The company invests a significant amount of its revenue in R&D activities for maintaining its vanguard.

Sanofi is one of the top players in the global active pharmaceutical ingredients market. Apart from an exhaustive product portfolio the company also offers custom synthesis and API contract manufacturing services. The company manufactures APIs through its Sanofi Active Ingredient Solutions portfolio and practises various growth strategies to strengthen its position in the APIs market.

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Recent Developments

In 2022, Pfizer entered into an agreement with Acuitas to deliver a lipid nanoparticle delivery system for use in mRNA vaccines such as COMIRNATY ((tozinameran) and therapeutics.

In 2022, Sanofi and IGM announced a strategic collaboration agreement to streamline and optimize the development and commercialization of IgM antibody agonists for oncology, immunology, and inflammation target.

In 2022, Boehringer Ingelheim and Mabgenesis collaborated to develop novel monoclonal antibodies for canine therapeutic treatments.

In 2021, Pfizer invested USD 68.5 million in in new state-of-the-art facility in Durham, NC, to further advance gene therapy capabilities.

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