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The high potency APIs (HPAPI) market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

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The High Potency APIs (HPAPI) Market Size In 2022 And Forecast

The global high potency APIs (HPAPI) market is expected to grow from $22.61 billion in 2021 to $24.53 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The HP (High Potency) APIs market is expected to reach $34.04 billion in 2026 at a CAGR of 8.5%.

The high potency APIs (HPAPI) market consists of sales of high potency active pharmaceutical ingredients and related services.

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Growth Incidence Of Cancer Cases Is Driving The Growth Of The High Potency APIs (HPAPI) Market

According to the World Health Organization’s International Agency for Research on Cancer (IARC) report, the cancer burden is expected to increase 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 high potency APIs market.

Competitive Landscape And The Regional Analysis Of The High Potency APIs (HPAPI) Market

Major players in the high potency APIs (HPAPI) market are Eli Lily and Company, Novartis AG, Bristol-Myers Squibb Company, Roche Diagnostics Ltd., Sanofi, Hospira Inc., BASF SE, Covidien plc, Boehringer Ingelheim GmbH, Merck & Co. Inc., Sigma Aldrich Corporation, Bayer AG, Carbogen Amcis AG, Lonza, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Mylan Inc., AbbVie, AstraZeneca plc and GlaxoSmithKline PLC.

Additionally, as per TBRC’s research – North America was the largest region in the high potency APIs (HPAPI) market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.

The High Potency APIs (HPAPI) Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the high potency APIs (HPAPI) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the high potency APIs (HPAPI) market.

Focusing On Strategies – A Key Trend In The High Potency APIs (HPAPI) Market

The companies dealing in the high potency APIs market are focusing on strategies such as production facility expansion and mergers & acquisitions to maintain their position in the competitive business environment.

High Potency APIs (HPAPI) Market Segmentation By The Business Research Company

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 (Respiratory Disorders, CVD, Diabetes, Cosmetology, and Erectile Dysfunction)

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