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Small Molecule API Market Size & Share

Small Molecule API Market

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Small Molecule API Market Size & Share

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  1. The global small molecule API market is projected to grow from $164.59 billion in 2024 to $286.03 billion by 2032, with a CAGR of 7.2%. North America leads the market with a 37.86% share in 2023. Key segments include:  Type: Branded and generic APIs  Indication: Oncology, diabetes, cardiovascular diseases  Manufacturing: Captive and merchant production Major market drivers:  Rising chronic disease prevalence driving drug demand  Strong R&D pipeline with 58% being small molecules  Growing regulatory approvals (55 drug molecules approved by FDA in 2023, 34 being small molecules)  Expansion of manufacturing capacity by key players Notable developments:  Cambrex completed phase 1 of its $30 million API facility expansion in North Carolina (September 2022)  Axplora received cGMP approval for expanded HPAPI manufacturing (October 2023)  MilliporeSigma opened a $65 million HPAPI facility focused on cancer treatments (June 2022) Leading companies include Lonza, EuroAPI, and Pfizer Inc., with operations across North America, Europe, and Asia Pacific. Footnotes Fortune Business Insights - Small Molecule API Market Size, Share & Growth Report, 2032 https://www.fortunebusinessinsights.com/small-molecule-api-market-107457

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