Global COVID-19 Drug Associated APIs Market Outlook, Opportunities And Strategies
Learn about the global covid-19 drug associated APIs market through The Business Research Company, which provides information on covid-19 drug associated APIs market size, covid-19 drug associated APIs market drivers and restraints, covid-19 drug associated APIs market players, the COVID-19 impact on the covid-19 drug associated APIs market, and more.
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The global COVID-19 drug associated APIs market is expected to grow from $4.73 billion in 2020 to $5.09 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The COVID-19 drug-associated APIs market is expected to reach $6.66 billion in 2025 at a CAGR of 7%.
High demand for some antiretrovirals, antimalarials, sedatives, bronchodilators, and other respiratory drugs is expected to drive innovation in covid-19 drug associated APIs manufacturing, thus driving the market during the forecast period.
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The COVID-19 drug-associated APIs market consists of sales of active pharmaceutical ingredients used in the manufacturing of COVID-19 drugs. The active pharmaceutical ingredients are chemicals which are responsible for pharmacological activity in the human body and are used as a base in pharmaceutical drug or medicine. The APIs used for the preparation of COVID-19 drugs and include Azithromycin, Fentanyl, Albuterol, Cisatracurium and others.
Global covid-19 drug associated APIs market segments include:
By Drug Class: Antimalarials, Bronchodilators, Antibiotics, Antivirals, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Key players operating in the pharmaceutical industry that manufactures COVID-19 drug associated APIs are focusing on strategies such as plant capacity or production capacity expansion to meet the increasing demand due to the rising number of coronavirus cases across the globe.
TBRC’s covid-19 drug associated APIs market report covers:
Major Market Players: Dr. Reddy’s Laboratories, Lianyungang Guike Pharmaceutical, Alembic Pharmaceutical, Wockhardt Ltd, Sandoz Srl, Lupin Limited, Aurobindo Pharma Ltd., Shanghai Shyndec Pharmaceutical (Haimen) Co Ltd, and Yatai Pharma.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The COVID-19 Drug Associated APIs Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides covid-19 drug associated APIs market overviews, analyzes and forecasts market size, share, covid-19 drug associated APIs market players, covid-19 drug associated APIs market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s covid-19 drug associated APIs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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